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<p>[QUOTE=&quot;TaborTot22, post: 2122738, member: 39398&quot;]I went to the following auction today listed here:</p><p><br /></p><p><a href="http://www.auctionzip.com/cgi-bin/auctionview.cgi?lid=2405453&amp;kwd=coin&amp;zip=47362&amp;category=0" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.auctionzip.com/cgi-bin/auctionview.cgi?lid=2405453&amp;kwd=coin&amp;zip=47362&amp;category=0" rel="nofollow">http://www.auctionzip.com/cgi-bin/auctionview.cgi?lid=2405453&amp;kwd=coin&amp;zip=47362&amp;category=0</a></p><p><br /></p><p>As you can see, coins/currency were from items #200-458.&nbsp; Quite a big collection. </p><p><br /></p><p>I did my research and found the current selling price for the items that I was interested in.&nbsp; I decided to bid no more than 80-85% of that price if I wanted to resell.&nbsp; </p><p><br /></p><p>Once the currency/coins started in the auction, there was an elderly gentleman sitting in the front row next to his wife.&nbsp; He was bidder #320.&nbsp; This is an approximation but this man probably bought 85-90% of the collection.&nbsp; Sounds impressive but he WAY overpaid for nearly everything.&nbsp; I mean, I&#039;ve been to an auction where someone overpaid but boy, this guy put them to shame.&nbsp; </p><p><br /></p><p>For instance, here are a few items that he bought and the price that he paid:</p><p><br /></p><p>1963 Proof Set:&nbsp; $60</p><p>3 rolls (25 ct each) of 2005 Buffalo Nickels:&nbsp; $65</p><p>1876 CC Dime (good condition):&nbsp; $60</p><p>1877 CC Dime (good condition):&nbsp; $40</p><p>1877 CC Seated Liberty Quarter (G):&nbsp; $170</p><p>9 Indian Head Cents (common dates):&nbsp; $55</p><p>Full Nickel book (1938-1964) (circulated condition):&nbsp; $80</p><p>1855 $3 Gold Coin PCGS XF-Details:&nbsp; $1400!!!</p><p>1912 $2.5 Gold Coin PCGS AU58:&nbsp; $900!!!</p><p>1882 CC $5 Gold Coin PCGS AU53:&nbsp; $2250!!!</p><p>1854 $1 Gold Coin LCGS MS62:&nbsp; $1700!!!</p><p><br /></p><p>Fortunately, I was smart and didn&#039;t overpay.&nbsp; I only came away from two lots but I felt that I did very well (although I would have liked to have got more but not for those prices).&nbsp; I picked up:</p><p><br /></p><p>$23.65 worth of Old Jeff Nickels for $15 </p><p>&nbsp;&nbsp; (At home, I found 11 war nickels in the rolls including a 43D)</p><p>3 Walking Liberty Halves (1936, 1936, 1939D):&nbsp; $15</p><p><br /></p><p>When I went to checkout, this elderly man checked out right beside me.&nbsp; He gave them the number and the cashier told him that his bill was $12,000.&nbsp; He then said, &quot;I&#039;m sorry...but it should be more.&quot;&nbsp; She then realized that she didn&#039;t total both invoices of two separate pages together.&nbsp; She then totaled it up and it came to over $21,000!!!&nbsp; However, this guy probably bought only $8,000-$10,000 worth of stuff.&nbsp; </p><p><br /></p><p>Anybody else have a similar experience of someone going crazy at an auction while WAY overpaying?[/QUOTE]</p><p><br /></p>

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