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Message:: [QUOTE="medoraman, post: 1684784, member: 26302"]Good thoughts, but in my own experience weekly/monthly standing auctions usually make this money for themselves. The dealers aren't dumb, they know their crowd is overpaying. Now, why would he wish to share that largesse with anyone else? I have know auctioneers to have standing orders with local shops for crap coins to sell. They know exactly how much their crowd overpays, but also realize they will only buy so many at those prices. If a guy could get into such an auction with some consignments I bet you could make a little, but that is a big if. The "other side of the coin" though is such auctions are horrible for REAL coins. I have seen, (and bought), expensive coins in such settings for cheap. I bought a dollar tube once of Vnickels for $18, but in there were 15 XF/AU 12d's and one 1886 in G. I basically paid junk price for them. If you know what you are doing its POSSIBLE to make money at these auctions if they are true consignments, but most of the time they are sales by the auctioneer of junk coins. Its so rare to have real coins in them I simply stopped attending them. However, if you are there ANYWAY, always check it out. In these places a $20 coin will go for $45, but a $1000 coin might go for $600.[/QUOTE]