Heritage $10 Indians for tonight

mhammerman

Just browsing through and found that for the $10 Indians that close tonight on the internet only auction that only one coin (out of 13, I don't remember the actual number of coins) has met the reserve bid. I had suspected that the reserves on this series was set right on the edge if not beyond market so there are few bargains here. Someone had posted here before that they thought the reserves were set a little high. There is no wiggle room here at all, especially after you pay the juice. It seems that if they want to put a coin up for auction then the reserve should not be what the market will bear because obviously the market will not support it. They should set the reserves about 20% below market and then let the market decide what the value is, they would sell more coins but maybe not for the same buks and they may even get some bidders locking horns. Setting the reserves so high just leaves everyone searching elsewhere. Just my thoughts, begging comment.

Mike