By your statement that it is shill bidding, you have ACCUSED the
wise available to the public regarding reserves, value or other material facts relating to the articles which are
Of course, if the owner is hiding on his own coin, I guess that is a shill.
The regulation cited includes the consignors/owners, their agents, and other "insiders" whose motivation would seemingly be to inflate the price of the item rather than to make an actual purchase. Also, what about when the house is the consignor (i.e. it is a house coin)? I know for a fact that at least two numismatic auction venues will purchase coins and occasionally include the item in their subsequent auctions. I also know that both bid in their own auctions, but can't state categorically whether they bid on their own items or not. Reading the terms of sale/auction terms, it would seemingly be permissible. In major coin auctions, in many cases there is a very good chance that the under bidder is a potted plant in the back of the room. It is included in the auction terms and perfectly legal.
As I say, I may be trying to draw too fine a line.
Personally, I always think of shills as just a hidden reserve and I don't get bent about it. But when you say "shill" rather than "house bidder" it has a real negative connotation to my ear.
Appreciate the legalese!
All comments reflect the opinion of the author, evn when irrefutably accurate.
I think it’s a simple as it’s in a rattler holder. It’s a niche market. No one is thinking it’s a 68+ IMHO. I think most of you are over thinking this.
Coins sell for well over book as well under book. Some are plain outliers. There doesn’t have to be anything nefarious involved to get this result.
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Comments
wise available to the public regarding reserves, value or other material facts relating to the articles which are
As I say, I may be trying to draw too fine a line.
Personally, I always think of shills as just a hidden reserve and I don't get bent about it. But when you say "shill" rather than "house bidder" it has a real negative connotation to my ear.
Appreciate the legalese!
All comments reflect the opinion of the author, evn when irrefutably accurate.
I think it’s a simple as it’s in a rattler holder. It’s a niche market. No one is thinking it’s a 68+ IMHO. I think most of you are over thinking this.
Coins sell for well over book as well under book. Some are plain outliers. There doesn’t have to be anything nefarious involved to get this result.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
CAC will not sticker 1950 proof nickels but might offer an opinion.