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Someone reneged in the second-to-last Numismatik Naumann auction
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<p>[QUOTE="1865King, post: 7396890, member: 103207"]One last point about auctions. Not really related to the question originally posted. There can be an advantage with buying coin at an auction. And that relates to the quality of the coins. Again in my earlier post this relates to scarce to rare coins. All major auction companies usually have available prices and picture of similar coins (date / type) they auctioned in the past. Because of this you can get a good idea on the quality and price similar coins sold for in the past. This is a great feature. You will learn really fast that most price lists have prices listed that are higher than what coins are actually selling for. However, for truly rare coins you can take those price lists and through them in the trash. When there is a low population these coins don't sell often. I have an extremely rare large cent according the price list the price hasn't changed in over 15 years. What that is telling me is that if my coin should ever end up at a major auction there is a very good possibility that my large cent could sell for multiple times above any price guide.[/QUOTE]</p><p><br /></p>
[QUOTE="1865King, post: 7396890, member: 103207"]One last point about auctions. Not really related to the question originally posted. There can be an advantage with buying coin at an auction. And that relates to the quality of the coins. Again in my earlier post this relates to scarce to rare coins. All major auction companies usually have available prices and picture of similar coins (date / type) they auctioned in the past. Because of this you can get a good idea on the quality and price similar coins sold for in the past. This is a great feature. You will learn really fast that most price lists have prices listed that are higher than what coins are actually selling for. However, for truly rare coins you can take those price lists and through them in the trash. When there is a low population these coins don't sell often. I have an extremely rare large cent according the price list the price hasn't changed in over 15 years. What that is telling me is that if my coin should ever end up at a major auction there is a very good possibility that my large cent could sell for multiple times above any price guide.[/QUOTE]
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Someone reneged in the second-to-last Numismatik Naumann auction
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