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<p>[QUOTE=&quot;Detecto92, post: 1412685, member: 75105&quot;]There are many problems at auctions. </p><p><br /></p><p>1. Bullion buyers who like to power trip. If a gold coin has a melt value of $200. Your bid is $180, they will outbid you by $15, even if they only make $5. I see this a lot. They do this to discourage you. Since they typically have thousands of dollars (yes most bullion buyers do). They will outbid you on a lot if silver and gold coins. You get discouraged from getting outbid and give up (well that&#039;s what they want you to do).</p><p><br /></p><p>Never go to an auction expecting silver or gold coins for less than melt. It RARELY happens. </p><p><br /></p><p>2. People who have no clue what coins are worth. They are too cheap/lazy to purchase a redbook. While the rb is not the best price guide in the world, it gives you an idea.</p><p><br /></p><p>3. Numismatists who are greedy. They are worse than the bullion buyers. Because not only do they buy silver and gold coins, they buy copper/brass/etc coins as well.</p><p><br /></p><p>There seems to be uber competition in coin buying. Or at least there is in my area. </p><p><br /></p><p>People who have $1000s try to run people up extremely high on several auctions, although this is a loss to them...they are hoping that they discourage the other person from coming back buy constantly outbidding. This happens a lot here. </p><p><br /></p><p>The dog-eat-dog competition has gotten so bad that it makes me turn to eBay for my coins most of the time. </p><p><br /></p><p>If it were a perfect system...say there is 100 coins at auction. 5 buyers. So each buyer picks out 20 coins they want. Each buyer gets a handful for a low price since they didn&#039;t have to outbid.</p><p><br /></p><p>Sadly as greed becomes a bad habit of a lot of buyers, the throat cutting keeps getting worse.</p><p><br /></p><p><br /></p><p><font size="5"><b>Here is my #1 bit of advice:</b></font></p><p><font size="5"><b><br /></b></font></p><p>NEVER go to an auction expecting to buy something. If you see every coin there and think you will own it, you will be sadly mistaken.</p><p><br /></p><p>Basically go to an auction, see what stuff brings, and if the price is right, hope to win it. You cannot expect to get what you want every time.[/QUOTE]</p><p><br /></p>

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