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<p>[QUOTE=&quot;Phil Ham, post: 1348193, member: 5787&quot;]I went to an auction last Sunday because they had a pretty nice collection of copper, silver, and gold coins.&nbsp; The auction house sells a lot of different stuff and I&#039;ve had good luck in the past getting coins of good quality and pretty good prices.&nbsp; It was totally different last Sunday.&nbsp; First, the place was virtually packed with people.&nbsp; Second, the coin people at the auction were much more than normal.&nbsp; I could see at least 15 different people bidding on the coins.&nbsp; In the past, it would be only 1 or 2.&nbsp; The auction house does a great job of displaying the coins on their webpage and I priced them all out prior to the auction by comparing prices on ebay.&nbsp; I showed up 30 minutes prior to the auction to confirm my thoughts on the condition of the coins.&nbsp; They had over 100 different coin auctions and I won exactly none.&nbsp; The prices were going for 25%-50% more than ebay, which didn&#039;t count the 10% buyer&#039;s premium or the 8% sales tax.&nbsp; I couldn&#039;t believe that people were paying $45 for common date Morgan and Peace dollars in less than AU condition.&nbsp; What does this say about coin prices?&nbsp; Are they really worth more than ebay.&nbsp; I&#039;m thinking that the people buying these coins don&#039;t like on-line buying or for that matter going to a coin show.&nbsp; Either one would have saved them money.[/QUOTE]</p><p><br /></p>

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