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wheat'swheats

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Posts posted by wheat'swheats

  1. Tell me what happened here.... In may I bid on a Lincoln and was high bidder, at the last minute I was out bid. Oh well, it happens right? a couple days later I am checking post auction buys etc, and the coin is in the company's inventory. The next month the coin is in the auction again with a high reserve (the first auction there was no reserve). The coin does not sell and goes into inventory again. A few days later the coin is for sale at another auction site with an even higher reserve. This has sort of changed my perception of these no reserve auctions with their higher fees. It is obvious I was bidding against the house and did not fall for the last sucker bid. Had I made the last bid on this coin, with all the fees I would have paid over 40% of what I saw a simular coin sell at retail