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<p>[QUOTE=&quot;Dynoking, post: 26148446, member: 81795&quot;]Time for some clarification from me. My reply in post #5 was based on my ass-u-m-ption you were asking from the bidders/buyers position. Now I&#039;ll give my answer to <i>your</i> question. I do not see the point or the difference between a dollar or 0. If the seller had a minimum price that had to be met then a starting bid or (hidden) reserve would be placed on the item. I&#039;ve found most of the time the starting bid is high market value. Either the seller is under water on the coin or wants a guaranteed profit. I learned to not waste my time applying my mythology to starting bids/reserves. 99.999% of the time I&#039;m not looking for unicorns anyway. Many times an auctioneer will put a $5 opening on a low dollar item. Think 1/10oz <i>silver</i> round. <i>My own</i> thoughts on that is it&#039;s not worth the effort for anything less, but when you add my pricing mythology to that I would be grossly over paying. I learned - hard pass.</p><p>Just sharing my thoughts and experiences while building my coin business over the last few years. I am not exaggerating when I share I may hours every week reviewing scores of auctions and make hundreds of bids every week. if I am successful on ten of those bids thats a good week. My buying as a dealer is different then buying as a collector. I <i>want</i> coins and PM to resell, I don&#039;t <i>need</i> coins to complete a collection. I&#039;m the who has to find the best coins at the best price so I can sell to you at the best price helping you to complete <i>your </i>collection.</p><p><br /></p><p>Happy bidding, happy collecting![/QUOTE]</p><p><br /></p>

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