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<p>[QUOTE=&quot;fatima, post: 850455, member: 22143&quot;]I have seen coin dealers at every estate auction that I have been too where there have been coins for sale.&nbsp;&nbsp; It&#039;s the same concept as where do antique dealers get their antiques for sale.&nbsp; &nbsp; Most of these auctions occur because someone passed away, the kids or other people who inherited the estate don&#039;t want to deal with having to dispose of the property, so they hire an auction company to come in and auction off everything.&nbsp;&nbsp; The auctioneer makes money by taking a percentage and/or adding a buyers premium to the sale.&nbsp;&nbsp; If the party who passed was a coin collector, often these will go on the block as the heirs are only interested in the FRNs they can get for the entire estate.&nbsp;&nbsp; Most of these are &quot;no reserve&quot; so you can luck out depending upon who is there to bid against you.&nbsp;&nbsp; &#039;</p><p><br /></p><p>Most reputable auctioneers will know the value of these things, but won&#039;t pull them from auction for better prices elsewhere because if they started to do that, it kills their business.&nbsp; Normally there will be a period beforehand where you can inspect the goods (coins) and ask questions. </p><p><br /></p><p>There are huge bargains to be had at these things if you know what you are doing and have the time to go to them. Unfortunately it can be time consuming as there could be a lot of other items on the block that you may not have interest in.&nbsp;&nbsp; Make sure you know and understand the terms of the auction before registering to bid on an item.&nbsp; Sales tax if applicable and/or the premium can eat into the margin quickly.[/QUOTE]</p><p><br /></p>

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