Yeah, I've heard of them, and might have perused the site a few times. If I remember correctly the coins seemed overpriced. Maybe there's a deal once in a while, but might be a better place to sell. Maybe someone who has sold on the site will chime in.
In their "About us" page (http://www.policeauctions.com/aboutus.php) it sounds like they started out as a database with links to actual police and other such auctions conducted officially by the government. As time went on, they expanded into being an auction house themselves.
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