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<p>[QUOTE="goon712, post: 1296597, member: 32759"]I have been to a few. Check out AuctionZip.com. You can put in your zip code, miles radius and keyword "coins" and it will find coin auctions in your area. I see them as great places to cherrypick. Most coins I have seen are G-4 to F-12, but you will find an occasional AU or better. They are also a great place to find proof and mint sets at great prices. My last auction, I picked up 5 proof sets, total value from Numismedia of $49, for $25, $5 a piece. The auctions I have been to seem to attract silver buyers and Morgan buyers. All the action seems to center around these types of coins. Other coins, like cents and nickels, can be had at great prices. I have seen Morgans go for more than they are worth, and I have picked up shield nickels or 3 cent nickels for half of what they are worth. </p><p><br /></p><p>Make sure to get there early so you have time to look the coins over. Some auctions will put their auction list online, so you know the order they will be auctioned and some put up photos as well. The photos can be used to weed out the obvious bad coins but I would definitely get there at least 90 minutes before the auction so you have time to look over the coins, take notes, estimate how much the coins are worth and what you are willing to pay. </p><p><br /></p><p>Moneywise, I have spent as much as $200 and as little as $100. But if you are after big rare coins, bring your checkbook or lots of cash. I saw a rare Morgan go for over $2000 at an estate auction, but the book value of the coin was over $3000. </p><p><br /></p><p>I think these auctions are a blast and would go to one every weekend if a) I had the money b) my wife wouldn't divorce me. My big cardinal rule: Make sure you know exactly what you will bid on a coin and don't exceed it. Don't get bidding fever, as I call it. Stop when you reach the amount you believe it is worth to you. </p><p><br /></p><p>Hope this helps a little.[/QUOTE]</p><p><br /></p>
[QUOTE="goon712, post: 1296597, member: 32759"]I have been to a few. Check out AuctionZip.com. You can put in your zip code, miles radius and keyword "coins" and it will find coin auctions in your area. I see them as great places to cherrypick. Most coins I have seen are G-4 to F-12, but you will find an occasional AU or better. They are also a great place to find proof and mint sets at great prices. My last auction, I picked up 5 proof sets, total value from Numismedia of $49, for $25, $5 a piece. The auctions I have been to seem to attract silver buyers and Morgan buyers. All the action seems to center around these types of coins. Other coins, like cents and nickels, can be had at great prices. I have seen Morgans go for more than they are worth, and I have picked up shield nickels or 3 cent nickels for half of what they are worth. Make sure to get there early so you have time to look the coins over. Some auctions will put their auction list online, so you know the order they will be auctioned and some put up photos as well. The photos can be used to weed out the obvious bad coins but I would definitely get there at least 90 minutes before the auction so you have time to look over the coins, take notes, estimate how much the coins are worth and what you are willing to pay. Moneywise, I have spent as much as $200 and as little as $100. But if you are after big rare coins, bring your checkbook or lots of cash. I saw a rare Morgan go for over $2000 at an estate auction, but the book value of the coin was over $3000. I think these auctions are a blast and would go to one every weekend if a) I had the money b) my wife wouldn't divorce me. My big cardinal rule: Make sure you know exactly what you will bid on a coin and don't exceed it. Don't get bidding fever, as I call it. Stop when you reach the amount you believe it is worth to you. Hope this helps a little.[/QUOTE]
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