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<p>[QUOTE=&quot;dougsmit, post: 2931488, member: 19463&quot;]I consider it a fact that being a seller of ancient coins is relatively easy compared to being a buyer of ancient coins at a price that will allow you to sell them.&nbsp; Neither seller nor buyer is happy assuming the role of bearing the difference between what the buyer pays and what the seller gets.&nbsp; Buyers feel ripped off when they end up paying $700 on a $500 bid. Sellers feel ripped off when they see their coin hammered at $700 but the check they get is for $500.&nbsp; Happy sellers are more likely to return to sell with more coins to sell.&nbsp; Unhappy buyers may go away but will be replaced by new buyers who don&#039;t understand that you should not bid $500 on a coin that is worth $500 to you.&nbsp; The current system does make it easier for a seller to understand why they got the pay-out they got and there is no auction without material to sell.&nbsp; To me, that makes the current system the best answer.&nbsp; If everyone understood and allowed for the system correctly, there would be more coins that did not sell and more unhappy sellers.&nbsp; As a buyer, we can get mad and go away with less impact than if a seller of a million dollar collection decides not to consign.&nbsp; </p><p><br /></p><p>I do not understand business.&nbsp; On thing I really do not understand is how auction houses can publish those print catalogs which are better references than many $100 books.&nbsp; Surely it is not to encourage me to buy more than I would have from the online catalog.&nbsp; I do have a guess.&nbsp; Perhaps it will cause another owner of a million dollar collection who is not part of the online generation to come forward and consign his coins.&nbsp; Wouldn&#039;t it be nice to get to see the catalog of your collection published before your death and know your babies found good homes?&nbsp; It won&#039;t help me and other low end gatherers whose holdings are not publication worthy.&nbsp; </p><p><br /></p><p>The success of large coin auctions depends less on sold coins that go out in today&#039;s mail than it does on what comes in to guarantee there will be a sale next year.&nbsp; Coddling potential sellers does seem like a good idea after all.[/QUOTE]</p><p><br /></p>

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