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Are you aware?

lincolnSencelincolnSence Posts: 407 ✭
in U.S. Coin Forum
Did you realize that if you want to bid on your own coin at an auction and it takes place in New York you MUST disclose (don't really know how this is accomplished) that you own the specimen to the other bidders, but that is not so if you are in California? I was just told this when I inquired about it at the Goldberg auction the other day. Lawyers, feel free to comment.

This means that the person that has a buyback deal at say 15% (or less) can run you up even though the item may have no reserve.

I thought this was pretty scary. Any thoughts?

Comments

  • RELLARELLA Posts: 961 ✭✭✭
    There have been questions regarding Heritage policy and possible similar shenanigans in the past...I don't know what their policy is for sure, but it seems a lot of people report that they win lots at their high bid when they place proxy bids...its probably just a coincidence though.
    Do not fall into the error of the artisan
    who boasts of twenty years experience in his craft
    while in fact he has had only one year of experience...
    twenty times.

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