Auctions: I know something about them
you have to due your research to be successful
In the area that I live in, local live auctions are way to expensive for me. Internet auctions I do very well. The frist step is to research the coins that you want to buy. On ha.com they have all their completed auctions and the selling price, same with E-bay check these and you will see how much the coins have been selling for. You will get an idea of what you should bid. Then pick out a number of coins with the auctions ending at various assending times, as the auctions are closing, if the high bid is lower the the price you want to pay place that bid, if you don't win that one go to the next one and do the same thing, and so on. If you use this approach and you will win some at your price. You will also most likely lose a lot. One thing about internet auctions if you lose out on a coin that you really want there will be another one along in a short while. I finace my coin collecting by buying coins and reselling them at a profit(most of the time)This is a general guide it works for me. Go slow and see how it works you may even come up with a better way. But remember to stick to your price, if you don't win oh well, go to the next one, there will always be a next one.
It doesn't matter what Coin Values Mag or any other price guide says the value of a coin is determined by how much some one is willing to pay for it.
Later JimL4004
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