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<p>[QUOTE=&quot;Joe2007, post: 1979411, member: 44034&quot;]A few years ago a small auction house in my area started having regular coin auctions. They were mostly full of lower end type coins, newer mint products, and TV coin show/telemarketer junk -- basically anything that looks more valuable than it actually is to a newbie/inexperienced collector. Most of the stuff is junk that I don&#039;t want for any price or hammers for well over retail value but every once in a while something slips through the cracks that I&#039;m able to snag for a decent price.</p><p><br /></p><p>Lately their coin offerings have been going downhill with most of their type coins being cleaned/damaged and the bulk of the sale being composed of junk -- i.e. gold plated state quarter sets, common stuff in fancy packaging.</p><p><br /></p><p>Now they selling German &#039;Silver&#039; bars, plated gold bars, and reproduction confederate notes that they don&#039;t describe as such when they are selling. Are they doing anything illegal or unethical? Surely the auctioneer or the consignor must know what they are selling. Or should the principle of caveat emptor be followed here -- that the buyer should have taken the time to research what they were interested in before bidding?</p><p><br /></p><p>Should I say something to the auctioneer who seems to be genuinely uninformed when it comes to coins.[/QUOTE]</p><p><br /></p>

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