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Auction Or Fixed Price

 
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Author Previous TopicReplies: 3 / Views: 185Next Topic  
Valued Member
Russian Federation
376 Posts
 Posted 09/26/2021  03:58 am Show Profile   Check Slerk's eBay Listings Bookmark this topic Add Slerk to your friends list Get a Link to this Message
In which cases is it worth selling coins with a fixed price, and in which through an auction ?
Bedrock of the Community
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United States
15958 Posts
 Posted 09/26/2021  07:35 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Sell it at a fixed price when you don't want to take the chance of someone snatching a nice coin at a lower price than the coin is worth .

In Memory of Butch L.
and Jim U. rest in peace .
Bedrock of the Community
Australia
19088 Posts
 Posted 09/26/2021  08:31 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
With higher valued lots at auction, the option is always available to the seller to set a reserve price, in much the same way as real estate sells. Same goes for buying at auction.

Thus,
perhaps 70% of the more highly valued coins in my collection have been bought at public auction.
My buying technique is to always attend the view day, and if interested, I lodge a single fixed low priced written bid. With low bids I almost am almost always unsuccessful, but when I am, I have managed to grab a cherry pick bargain.

So yes, it is possible to buy and sell at auction at a fixed price that suits you.
One downer is that you can waste a lot of time and energy with price research, but a nice bonus for me is that I catch up personally with the numismatic professionals, which includes the auctioneers the coin dealers and some of the more well heeled collectors, all of whom know what they are looking for.
Bedrock of the Community
United States
20394 Posts
 Posted 09/26/2021  11:02 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I don't like auctions.
just carl
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