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<p>[QUOTE="AncientJoe, post: 4987026, member: 44357"]Sheesh. I can do math but I have an accountant... why is that any different for coins? By all means, bid yourself if you want! Using a dealer is certainly not necessary - I often bid myself. But if you find that experts in a field provide some value, perhaps it could be worth using them. No one is pressuring you into using dealers and I deeply apologize if an offer of a recommendation somehow made it sound like I was pushing the notion of using experts on you or others... For this coin, I wouldn't have been comfortable bidding without someone viewing it in hand. That is all.</p><p><br /></p><p>And, regarding the Gasvoda coin above, he built an academic collection of the coins of Sybaris and that's a very rare variety. The graffiti was disclosed and he owned CNG when his coin was re-sold, where he could have easily placed a reserve but still chose to estimate it at $500. Clearly his underbidder in the Heritage sale didn't show up but that's a chance you take selling coins at auction, especially more esoteric varieties. Sure, he lost money on it, but he knew was he was doing bidding on that coin and selling it at that level: he had to bid against someone else who knew what they were looking at to complete his collection by variety.[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 4987026, member: 44357"]Sheesh. I can do math but I have an accountant... why is that any different for coins? By all means, bid yourself if you want! Using a dealer is certainly not necessary - I often bid myself. But if you find that experts in a field provide some value, perhaps it could be worth using them. No one is pressuring you into using dealers and I deeply apologize if an offer of a recommendation somehow made it sound like I was pushing the notion of using experts on you or others... For this coin, I wouldn't have been comfortable bidding without someone viewing it in hand. That is all. And, regarding the Gasvoda coin above, he built an academic collection of the coins of Sybaris and that's a very rare variety. The graffiti was disclosed and he owned CNG when his coin was re-sold, where he could have easily placed a reserve but still chose to estimate it at $500. Clearly his underbidder in the Heritage sale didn't show up but that's a chance you take selling coins at auction, especially more esoteric varieties. Sure, he lost money on it, but he knew was he was doing bidding on that coin and selling it at that level: he had to bid against someone else who knew what they were looking at to complete his collection by variety.[/QUOTE]
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