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Great Collections - Reserve Bids

JMoo100JMoo100 Posts: 112 ✭✭
edited June 9, 2022 5:19PM in U.S. Coin Forum

I have been following Great Collections auctions pretty closely the last couple of months. It would seem that the upcoming auction this Sunday (6/12) either includes an abnormal number of items with high reserve bids or collector interest has started to cool off.

Specifically, there are several categories where a majority of the lots have not yet received their first bid (as of Thursday 6/9), this effect is most pronounced among up-market, more expensive items. Would be curious if anyone else has noticed this and what they make of it.

Comments

  • Herb_THerb_T Posts: 1,513 ✭✭✭✭✭

    Action will start to accelerate the final 3 days….

  • jkrkjkrk Posts: 913 ✭✭✭✭
    edited June 9, 2022 5:30PM

    I would wait until it gets closer to post time to see if any bids show up.

    I was surprised by the number of coins that seem to have a reserve bid.

    I do believe that collector interest has slowed. I have not sold a coin in about 3 weeks. Longest stretch in about 1 1/2 years. With that said, I am offering coins at healthy margins so are they overpriced?

    Fin'l markets need a bounce or gold needs to bounce, IMO to improve sales.

    Too small a sample so I'm only guessing.

  • alaura22alaura22 Posts: 2,063 ✭✭✭✭✭

    I snipe, so I won't bid till the end
    I do have some coins going up on GC that will be listed next week. I too start them at 80%, can't take the chance of people not interested or not bidding. I think that's what you're seeing, the days of a $1 starting bid are coiming to an end, for the most part
    JMO

  • KindaNewishKindaNewish Posts: 827 ✭✭✭✭✭

    All of my GC submissions have started at $1.
    I have not been disappointed.

  • alaura22alaura22 Posts: 2,063 ✭✭✭✭✭

    @KindaNewish said:
    All of my GC submissions have started at $1.
    I have not been disappointed.

    I guess it all depends what you're auctioning off..........

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