Message:

<p>[QUOTE=&quot;ToughCOINS, post: 2978972, member: 20480&quot;]First off, understand that you are not necessarily missing out on coins due to shill bidding.&nbsp; You may not be bidding enough, possibly even for a substandard coin, let alone one that you&#039;ve taken lots of time to single out.</p><p><br /></p><p>If dealer bid for a particular coin is $100, fair retail is probably about $130.&nbsp; Grey Sheet bid is for a run-of-the-mill, generic looking example . . . not a problem coin, but not exceptional for the grade either.&nbsp; If you&#039;ve spent a fair amount of time looking through numerous examples to find one that&#039;s exceptional for the grade, and you expect to buy it for less than $130, that seems pretty unrealistic.</p><p><br /></p><p>Suppose the next higher grade is $200 in Grey Sheet and $260 retail.&nbsp; If that&#039;s the case, one should not be at all surprised if someone else is willing to spend $175 or even $200 to buy that coin, as they also likely ruled out lots of average looking examples.</p><p><br /></p><p>Valuation is an art, honed with both knowledge and experience.&nbsp; Do not expect that a Grey Sheet is anything more than a tool.&nbsp; If you don&#039;t know how to use the tool properly, you cannot expect great results.</p><p><br /></p><p>With the foregoing behind us, shill bidding usually can be detected by seeing the very same coin, apparently won by a different bidder, being offered again by the same seller shortly after it ended.&nbsp; </p><p><br /></p><p>If you suspect shill bidding, look for re-listings of the same coins by the same seller a day or two after auction&#039;s end, and compare the images with those of the coin you bid on to confirm the coin is the same.&nbsp; Bear in mind that transactions can be canceled, and the seller may defend himself / herself with such a claim.&nbsp; If you can identify this as a pattern with a thorough review of lots of completed auctions, your claim may be very difficult to defend against.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in