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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2921642, member: 71723&quot;]Reserves do exist, but they are uncommon. They usually only are placed on major rarities. There were about 20 classic gold pieces in last Friday&#039;s sale (only one double eagle, lots of $5), and none of them had a reserve. I had to get to another coin auction about 40 miles away, so I didn&#039;t stay to see how high this gold went. I left after the dimes (he goes in denomination order) and the crowd had already thinned by half before I left. There were about 6 guys who did &quot;leave behind&quot; bids. We started with, by my unofficial count, 115 bidders on hand, maybe 50 were still there by the time the dimes were finished. (There were some truly magnificent cents and 3-cent silver pieces. A nice run of BU Liberty nickels, too.)&nbsp; At most auctions, by the time the gold is done, you&#039;re down to 6-10 guys.</p><p><br /></p><p>Nearly EVERY auction I go to has SOME classic gold. It&#039;s nothing special at all. And it is VERY ODD to see it slabbed. The consignors who owned it never did TPG&#039;s.[/QUOTE]</p><p><br /></p>

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