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Outbid @ Heritage... Flying Eagle Cent went *way* higher than I thought it would
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<p>[QUOTE="calcol, post: 3309020, member: 77639"]I buy almost all coins valued at more than $200 in auctions (PCGS or NGC only). I rarely look at price guides. These usually have inflated prices. PCGS and auction company prices-realized reflect the real world of auctions. Takes more work to use them, but worth it.</p><p><br /></p><p>Sometimes, extraordinarily high bids can be explained ... great toning or strike. Always have a second look at the coin in these cases; sometimes the high bidders have noticed an uncommon variety or error. In most cases, it's probably two bidders financially arm-wrestling. It may not really be a true competitive thing. Each bidder may be assuming the other is seeing something great about the coin ... essentially using each other as advisors. Can also be a couple of newbies who are still learning.</p><p><br /></p><p>When things get out of control, I just shrug my shoulders and wait for next auction. Searching is a lot of the fun in the hobby for me.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3309020, member: 77639"]I buy almost all coins valued at more than $200 in auctions (PCGS or NGC only). I rarely look at price guides. These usually have inflated prices. PCGS and auction company prices-realized reflect the real world of auctions. Takes more work to use them, but worth it. Sometimes, extraordinarily high bids can be explained ... great toning or strike. Always have a second look at the coin in these cases; sometimes the high bidders have noticed an uncommon variety or error. In most cases, it's probably two bidders financially arm-wrestling. It may not really be a true competitive thing. Each bidder may be assuming the other is seeing something great about the coin ... essentially using each other as advisors. Can also be a couple of newbies who are still learning. When things get out of control, I just shrug my shoulders and wait for next auction. Searching is a lot of the fun in the hobby for me. Cal[/QUOTE]
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Outbid @ Heritage... Flying Eagle Cent went *way* higher than I thought it would
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