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<p>[QUOTE=&quot;Joe2007, post: 1677907, member: 44034&quot;]I have noticed extremely high prices for numismatic items at auction houses as well in my area. If consignment rates were a little lower it would be tempting to buy a whole bunch of low value items in bulk at a local coin shop and then see how much they would bring at auction. I would suspect that it would be at least double the purchase price but the 40% consignment rates that many auctioneers charge would cut into the potential profit considerably. </p><p><br /></p><p>There is an auction in my area next weekend that has some coins and I&#039;m going to go to it purely for the entertainment value of watching people pay $50 each for circulated Morgan dollars. Perhaps there might be a few items that slip through the cracks and go under market value but it is unlikely. Once you start getting into higher dollar items it seems that the prices are much more realistic since it seems that the typical auction goer gravitates towards items under $100.</p><p><br /></p><p>Perhaps the most outrageous example I have seen is someone paying $15 for a single 1943 steel cent at auction.[/QUOTE]</p><p><br /></p>

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