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<p>[QUOTE="johnmilton, post: 4540505, member: 101855"]With a lot of auctions, not much of anything happens until the moment the item comes up for bidding. Then the numbers go into orbit, especially if it's an item upon which I have placed a bid.</p><p><br /></p><p>A number of these bidders will pay far more than if the same item where to be offered on a bourse floor. I remember one time at a Baltimore show where a number of people were commenting about how much some Indian Cents brought in the prior night's auction. I thought, "Gee, these coins must really be hot. I guess I will be priced out of that series." Then I looked at the market in the comming months and years, and not much had changed. The price chugged along or even fell.</p><p><br /></p><p>Some of the auctions give false positives to the true state of the market.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4540505, member: 101855"]With a lot of auctions, not much of anything happens until the moment the item comes up for bidding. Then the numbers go into orbit, especially if it's an item upon which I have placed a bid. A number of these bidders will pay far more than if the same item where to be offered on a bourse floor. I remember one time at a Baltimore show where a number of people were commenting about how much some Indian Cents brought in the prior night's auction. I thought, "Gee, these coins must really be hot. I guess I will be priced out of that series." Then I looked at the market in the comming months and years, and not much had changed. The price chugged along or even fell. Some of the auctions give false positives to the true state of the market.[/QUOTE]
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