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<p>[QUOTE="dougsmit, post: 2073678, member: 19463"]The problem I see with auctions is that you have to decide on what you are willing to pay and compete with others who have to decide what they are willing to pay. This might not seem like much of a problem but it can result in paying a lot more or a lot less than what traditional wisdom would say a coin is 'worth'. CNG is a fine example of a good/great auction house but their prices realized for almost every sale includes coins that someone stole (that would be you, Steve, considering your recent post here) or that makes you wonder why anyone would bid that much. In some, few, cases a high price indicates that the coin was better than the seller realized and two bidders both decided to grab the 'sleeper'. In more cases it means that two people with more money than understanding of the coin market decided they wanted it and they wanted it now. I am not talking about the super high quality coins in every sale that probably really are worth more than any of us realize but the ordinary nice examples of something that will appear in almost every sale is similar condition. </p><p><br /></p><p>For that reason, I believe auctions are a dangerous place for beginners who have any concern about what they get for what they pay and for those of us who easily get carried away and will bid more on an auction than something similar is being sold for at fixed price on vCoins. I have seen used copies of books still in print go for more than the new ones from the publisher. </p><p><br /></p><p>If you follow this list you will see discussions of auction venues good and bad and see that we disagree on which category some of them fall into. I suggest you research back posts here for these discussions. Most recently, some of us differed greatly on the 'rules and practices' of some venues so I do insist you read and understand such things as additional charges (buyers' fees, postage, PayPal add on etc.). In the past we have seen some people upset because we recommended a seller without warnings so I believe it best here to suggest you read the posts here and develop your own list of places to consider. </p><p><br /></p><p>If you have a lot of money to spend, you may benefit from the first link below; if you have less, the second.</p><p><a href="http://www.sixbid.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sixbid.com/" rel="nofollow">http://www.sixbid.com/</a></p><p><a href="https://groups.yahoo.com/neo/groups/ACM-L/info" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://groups.yahoo.com/neo/groups/ACM-L/info" rel="nofollow">https://groups.yahoo.com/neo/groups/ACM-L/info</a></p><p><br /></p><p>Both include sellers I would patronize and sellers I would not. Others here will differ on the distribution between the two.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2073678, member: 19463"]The problem I see with auctions is that you have to decide on what you are willing to pay and compete with others who have to decide what they are willing to pay. This might not seem like much of a problem but it can result in paying a lot more or a lot less than what traditional wisdom would say a coin is 'worth'. CNG is a fine example of a good/great auction house but their prices realized for almost every sale includes coins that someone stole (that would be you, Steve, considering your recent post here) or that makes you wonder why anyone would bid that much. In some, few, cases a high price indicates that the coin was better than the seller realized and two bidders both decided to grab the 'sleeper'. In more cases it means that two people with more money than understanding of the coin market decided they wanted it and they wanted it now. I am not talking about the super high quality coins in every sale that probably really are worth more than any of us realize but the ordinary nice examples of something that will appear in almost every sale is similar condition. For that reason, I believe auctions are a dangerous place for beginners who have any concern about what they get for what they pay and for those of us who easily get carried away and will bid more on an auction than something similar is being sold for at fixed price on vCoins. I have seen used copies of books still in print go for more than the new ones from the publisher. If you follow this list you will see discussions of auction venues good and bad and see that we disagree on which category some of them fall into. I suggest you research back posts here for these discussions. Most recently, some of us differed greatly on the 'rules and practices' of some venues so I do insist you read and understand such things as additional charges (buyers' fees, postage, PayPal add on etc.). In the past we have seen some people upset because we recommended a seller without warnings so I believe it best here to suggest you read the posts here and develop your own list of places to consider. If you have a lot of money to spend, you may benefit from the first link below; if you have less, the second. [url]http://www.sixbid.com/[/url] [url]https://groups.yahoo.com/neo/groups/ACM-L/info[/url] Both include sellers I would patronize and sellers I would not. Others here will differ on the distribution between the two.[/QUOTE]
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