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<p>[QUOTE="World Colonial, post: 2430966, member: 78153"]Real auction firms (as opposed to eBay) are unlikely to let you get away with not paying and let you bid again, as others have mentioned here. If you don't really want the coin, you shouldn't bid on it.</p><p><br /></p><p>To give a personal example, I have bought and returned coins twice with approval from the auction firm. The first was for two ungraded proof coins which NGC graded as a business strike. I've since bid and won lots with them with no problem.</p><p><br /></p><p>The second time was for a three coin set which a second firm described as trial strikes. They aren't listed in Krause and NGC returned them as "artificially colored". I requested a return and the auction firm agreed. Later when I tried to bid, I noticed that even though I had the high bid, I didn't win the lots. This happened several times. Finally, I contacted the firm and asked why and they told me I wasn't allowed to bid but gave me no explanation. I presume it was because they had paid the consignor, sold them a second time and incurred a loss.</p><p><br /></p><p>I presume if I ever want to bid again, I could probably agree to cover part or all of their loss, but I was annoyed especially since they wouldn't provide an explanation.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2430966, member: 78153"]Real auction firms (as opposed to eBay) are unlikely to let you get away with not paying and let you bid again, as others have mentioned here. If you don't really want the coin, you shouldn't bid on it. To give a personal example, I have bought and returned coins twice with approval from the auction firm. The first was for two ungraded proof coins which NGC graded as a business strike. I've since bid and won lots with them with no problem. The second time was for a three coin set which a second firm described as trial strikes. They aren't listed in Krause and NGC returned them as "artificially colored". I requested a return and the auction firm agreed. Later when I tried to bid, I noticed that even though I had the high bid, I didn't win the lots. This happened several times. Finally, I contacted the firm and asked why and they told me I wasn't allowed to bid but gave me no explanation. I presume it was because they had paid the consignor, sold them a second time and incurred a loss. I presume if I ever want to bid again, I could probably agree to cover part or all of their loss, but I was annoyed especially since they wouldn't provide an explanation.[/QUOTE]
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