What Should I Bid On?

Honestly, just be on the lookout for auction mania taking hold.


The LCS I frequent has an auctioneer come in and pick up coins to add to all his auctions. Invariably these bin grade Morgan's go for way more than their value. Often they find their way back into the same LCS so they can sell their score. The LCS does offer fair prices, but these auction scores don't think so. He will then offer to sell them similar dollars from his bins at a price not too far north of his bid price. That is when they leave dejected.


Stick with what you know. If it is too good of deal, make sure it really is before you jump because for whatever reason none of the other bidders are jumping.

Be careful and have fun.

Let us know how it goes.

Definitly be aware of silver prices and general grade values for coins. I agree with buckeye. I see a lot of auctioneers picking up from my lcs too. It's better to pick them up from dealers a lot of times because some people ideas of prices are stuck in where the silver high was.

Also be careful about some auctions because the auctioneers may not have more than a general knowledge of coins and some may be fake... Happened to me with a couple of large cents but was luckily able to get my money back. I agree with what others say.

They should have a listing of the lots to be auctioned I would think.

See if you can get that list from the auctioneer / VFW and do some legwork before the auction.