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<p>[QUOTE="physics-fan3.14, post: 3780631, member: 19165"]For those learning from these threads, the implied subtext that messydesk is referring to: most major auctions allow bidders to view lots in-hand at the auction. If auction bidders think a coin is undergraded, they will often over-bid a coin thinking that it will upgrade. It is often far easier to grade a coin in hand than it is via online pictures, and so the theory is that people who actually attend an auction will have an advantage. If the auction price for this coin reflected an unusually high price for a 67, you might think that in hand many people thought it would receive a 68 (as indicated by the guesses here). However, since the auction bids reflect a 67 price, there is a good chance that few people were willing to take the chance on an upgrade after an in-hand review.[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 3780631, member: 19165"]For those learning from these threads, the implied subtext that messydesk is referring to: most major auctions allow bidders to view lots in-hand at the auction. If auction bidders think a coin is undergraded, they will often over-bid a coin thinking that it will upgrade. It is often far easier to grade a coin in hand than it is via online pictures, and so the theory is that people who actually attend an auction will have an advantage. If the auction price for this coin reflected an unusually high price for a 67, you might think that in hand many people thought it would receive a 68 (as indicated by the guesses here). However, since the auction bids reflect a 67 price, there is a good chance that few people were willing to take the chance on an upgrade after an in-hand review.[/QUOTE]
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