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<p>[QUOTE=&quot;johnmilton, post: 24565796, member: 101855&quot;]I hate auctions. I bid in a political items auctions, and I was the underbidder on all the lots that I didn’t get. </p><p><br /></p><p>I tried to buy a Julius Caesar denarius in a Heritage Auction that closed on Thursday. I put in one bid that was higher than what similar pieces had brought recently. I thought that number was a bit high. Then my wife said,. “Why don’t you more?” I bid it up to the next notch. I still got beat by one bid. I thought that I was overpaying. The guy who beat me is REALLY over paying. </p><p><br /></p><p>I have to confess that I did get one bargain out of a recent Heritage auction only because they stuck the only piece I wanted in with a lot with four other pieces. I already had four of the five pieces, but the last one was something special. I bid strong and ended up getting the whole thing for less than I would have paid for the one piece. That is very much the exception. Usually I think I am over paying in auctions most of time. </p><p><br /></p><p>I prefer buying coins, medals and tokens via “private treaty.” At least I will get the item and won’t be run up by a “Yahoo” who does not care how much they pay. In the very old days, rich guys used to bid “buy” in auctions. The trouble is what is the selling price if two guys bid “buy?” Now they just bid live and take some items to moon.. That’s great if you happen to be the consigner of the item.[/QUOTE]</p><p><br /></p>

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