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<p>[QUOTE=&quot;World Colonial, post: 2523174, member: 78153&quot;]I am not attempting to present my points from a strictly legal point of view which is what you are doing in your replies.</p><p><br /></p><p>I am somewhat new to this forum (a few months) and don&#039;t have any familiarity with your prior experience if that is what you are referencing here.&nbsp; Regardless, going by another topic where both of us posted on a related subject, since I understand you are an attorney going by your verbiage, it&#039;s likely you and I have an irreconcilable difference of opinion and that you would disqualify me as a juror in selecting a panel.</p><p><br /></p><p>I don&#039;t know all of the facts in your situations, the relevant statutes or case precedent though I am capable of understanding it if necessary.&nbsp; What I am attempting to apply in my replies is basic common sense.</p><p><br /></p><p>Why would I think that auction firms should be treated as dealers where buyers should automatically expect (much less receive) a return privilege?&nbsp; If this is the practice in the past, its complete news to me.&nbsp; I have already agreed with both of you that its appropriate in limited circumstances (including maybe a few more I didn&#039;t list here) but nothing more.&nbsp; That&#039;s why its called an auction and I totally disagree it should be treated as a retail sale. </p><p><br /></p><p>I have never consigned to a public auction (only sold on eBay) but if I did, I&#039;m not interested in having the coin returned just because the buyer didn&#039;t like the item or realized they overpaid.&nbsp; I see that that as their problem and not the consignors, regardless of the coin value.</p><p><br /></p><p>How exact auction firms (such as Heritage) should describe lots is a matter of opinion and you can litigate this issue if you choose.&nbsp; Going by your sentiments, what you are attempting to accomplish would create substantial uncertainty for consigners and potentially much higher market risk due to changing market conditions, given the time from consignment to payment. </p><p><br /></p><p>If this is what you are proposing, I believe this will make it impractical, uneconomical or both to consigners to sell their coins through auctions.&nbsp; Additionally, if this did happen, it would also potentially result in lower prices across the board due to decreased liquidity from less competition.&nbsp; I don&#039;t care about this but I know many others do.[/QUOTE]</p><p><br /></p>

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