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<p>[QUOTE=&quot;johnmilton, post: 3702167, member: 101855&quot;]Buying coins at the major auctions is difficult and usually more expensive than buying from a dealer at a show. I have frequently had the bids on coins that interested me “go to the moon” as soon as I bid on them. It’s become a running joke for me.</p><p><br /></p><p>Auctions are the place to bid on pieces that are really special that you can’t find elsewhere. They are not the place to buy “widgets” and semi-special items. There are people, usually on the less informed side of the market, who bid in auctions because they think it is “safer.” After all, if someone else is bidding against you, the item must be good, right? Wrong, if both you are equally ignorant.</p><p><br /></p><p>When bidding, I do take the buyers’ fee into account. I figure what I want to pay and dividend that amount by 1 + the buyers’ fee. That means if the fee is 20%, I divide the price I am willing to pay by 120%.</p><p><br /></p><p>I ignore the shipping costs. If I go to a show, it costs me something, even it’s only gas and wear and tear on the car. If have to stay at a hotel, it’s a lot more. So if I am just home and bidding, I figure that the travel versus shipping costs is sort of a wash.[/QUOTE]</p><p><br /></p>

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