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<p>[QUOTE=&quot;Anteater, post: 2517887, member: 81878&quot;]The issue of bidding emotionally on auctions is actually one I did research on at a past life.&nbsp; I won&#039;t say exactly what the application was, because you might hate me.</p><p><br /></p><p>I have my own idea of what the price for a coin should be at auction and I bid exactly once at exactly that price.&nbsp; If other people wish to bid higher, they&#039;re welcome to have the coin.&nbsp; &nbsp; Unfortunately, this has led to some coins in particular becoming out of my reach because there always seem to be a ready stream of buyers paying indefensible sums for gold in particular.&nbsp; This is part of what led me to a dealer, because I figured that if I could get the dealer to sell me the coin at 80-90% of a median auction price, then I&#039;d actually be paying what I want to for something that keeps going (in my opinion) too high at auction.</p><p><br /></p><p>I do have another question for you, though.&nbsp; Is it common for a dealer to decline to purchase slabbed coins?&nbsp; I brought in a piece that I might hypothetically have traded in because I wanted to use it as a litmus test for the dealer&#039;s margins, and two of their staff looked at it and said, &quot;The color of this is questionable, and this isn&#039;t something that we&#039;d generally pursue.&quot;&nbsp; This coin was slabbed PCGS MS64+, so I thought that was pretty remarkable until they showed me some coins they had in the back that were in PCGS plastic as problem-free that were either cleaned or vastly overgraded.&nbsp; I know you&#039;re supposed to buy the coin and not the plastic and so I generally buy based on aesthetics more so than the technical grade, but in the past I&#039;ve generally trusted the expertise of PCGS and NGC regarding whether something is cleaned, altered or counterfeit because I don&#039;t feel confident that I can reliably detect these issues.&nbsp; Is it really such a common problem for altered coins to be graded as problem-free by PCGS?[/QUOTE]</p><p><br /></p>

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