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<p>[QUOTE="medoraman, post: 1351687, member: 26302"]Good point.</p><p><br /></p><p>Listen, when you go there, there are tons of lots, you are bored because there is a bunch of worthless garbage being sold, you are a collector and want to buy something. Its easy to get worked up and start justifying in your mind why "maybe that coin wasn't as bad as I thought", or "maybe its worth a little more". Lots of reasons why people overpay, and its easy to do. It takes discipline to stick to your guns. I have went to tons of these things, and nowadays have the discipline to sit through one and not buy a single coin, or to recognize value and buy a ton more coins than I expected if they are going too cheap. Most of the time its the former, though. Most of the time the prices at these are too high, so just expect that. Be disciplined always, and do NOT promise yourself you will come home with some new coins. Anyone who does that is setting themselves up for failure in my view.</p><p><br /></p><p>In my experience, 70% of the time I buy nothing, 20% I buy one or two items, 9% I buy a few things, and 1% I get lucky and buy a ton.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1351687, member: 26302"]Good point. Listen, when you go there, there are tons of lots, you are bored because there is a bunch of worthless garbage being sold, you are a collector and want to buy something. Its easy to get worked up and start justifying in your mind why "maybe that coin wasn't as bad as I thought", or "maybe its worth a little more". Lots of reasons why people overpay, and its easy to do. It takes discipline to stick to your guns. I have went to tons of these things, and nowadays have the discipline to sit through one and not buy a single coin, or to recognize value and buy a ton more coins than I expected if they are going too cheap. Most of the time its the former, though. Most of the time the prices at these are too high, so just expect that. Be disciplined always, and do NOT promise yourself you will come home with some new coins. Anyone who does that is setting themselves up for failure in my view. In my experience, 70% of the time I buy nothing, 20% I buy one or two items, 9% I buy a few things, and 1% I get lucky and buy a ton.[/QUOTE]
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Newbie going to auction - advice on lots.
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