Posted 09/26/2021 08:31 am
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.
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.
