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<p>[QUOTE="GDJMSP, post: 1853476, member: 112"]What you are not considering is it takes time for things to happen. You buy a coin in an auction, you send in your money right away. But maybe you send a check, it takes 5 days to a week to get there. So the auction house then has to process the check in their system. That can take days or a week. Then they have to wait for the check to clear. That can take 10 days. Then they have to get their money from the bank and it has to go through their system. All told the process might tale a month.</p><p><br /></p><p>Then the auction house has to wait and make sure that the buyer is not going to complain about the coin and want his money back. If there is some dispute, it can take time to resolve it, regardless of what the outcome is.</p><p><br /></p><p>Bottom line, it takes time for things to happen and the auction house has to cover their bases so that every possible scenario is covered. That's why they have time limits. </p><p><br /></p><p>But it doesn't matter what those time limits are because you, as the bidder, agree to accept those time limits before you ever place a bid. Works the same way if you are a consignor. You agree to the terms up front before you do anything. And because of that you have no grounds for complaint.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1853476, member: 112"]What you are not considering is it takes time for things to happen. You buy a coin in an auction, you send in your money right away. But maybe you send a check, it takes 5 days to a week to get there. So the auction house then has to process the check in their system. That can take days or a week. Then they have to wait for the check to clear. That can take 10 days. Then they have to get their money from the bank and it has to go through their system. All told the process might tale a month. Then the auction house has to wait and make sure that the buyer is not going to complain about the coin and want his money back. If there is some dispute, it can take time to resolve it, regardless of what the outcome is. Bottom line, it takes time for things to happen and the auction house has to cover their bases so that every possible scenario is covered. That's why they have time limits. But it doesn't matter what those time limits are because you, as the bidder, agree to accept those time limits before you ever place a bid. Works the same way if you are a consignor. You agree to the terms up front before you do anything. And because of that you have no grounds for complaint.[/QUOTE]
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