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<p>[QUOTE=&quot;ziggy29, post: 18152, member: 1113&quot;]Whether &quot;allowed&quot; or not, it happens all the time.&nbsp; It&#039;s unethical and I hate it -- if an item is going to sell for less than you&#039;ll take, up the starting bid or place a reserve, IMO -- but don&#039;t cancel it.</p><p><br /></p><p>I sold an NGC MS-64 1935 Peace dollar for $108 and an MS-64 NGC semi-PL 1884-CC Morgan for $188 last week.&nbsp; Both disappointed me BIG time.&nbsp; But I started the auction at 99 cents and no reserve; I assume the risk.&nbsp; Sometimes the buyers aren&#039;t out, and if you can&#039;t &quot;self-insure,&quot; start the bidding -- or set a reserve -- at the minimum you&#039;ll take.[/QUOTE]</p><p><br /></p>

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