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Message:: [QUOTE="C G Memminger, post: 2012935, member: 71506"]I watch this site from time to time, occasionally placing bids, none of which have ever hit. The moral to this story is:  If you have the ability to go to the auction site and inspect the item, you have a huge advantage over 99% of the bidders.  For this particular site, most of the auctions are conducted in or near Washington, DC.[ATTACH=full]362928[/ATTACH] [ATTACH=full]362929[/ATTACH] Case in Point. Yesterday, an auction ended for an 1864 bronze IHP with the "L" on the ribbon.  Very pretty coin.  Clearly MS.  But is it a 2, 3, 4?  Making that distinction from the two photos provided is beyond my expertise.  I was willing to make a bid which (when the 18% hickie and $18 shipping were added) put me around $350.  Bid ask for this coin in grade 60 is $330/360.  Buyer shelled out $444 to fetch the coin, which is consistent with a 63 ($425/$475). I wonder if this was a "wishful thinking bid" or a person who lives close enough to Washington, D.C.to get to the auction site.[/QUOTE]