auction question

DUIGUY

Say you are high bidder on an item, but reserve is not met and the auction closes. If you are close to the reserve price, can the seller give the ok to sell the coin? Or is the reserve price set in stone?


Thanks in advance.

FC57Coins

Once the auction is closed, if you want to make an offer, it's up to the owner to decide if he wants to get rid of it.

Russ

Are you talking about eBay or an auction house? If eBay, the seller is free to do whatever he wants. Major auction house, I'd assume the seller can give the OK, but I don't know for sure.

Russ, NCNE

coinguy1

<< <i> If you are close to the reserve price,can the seller give the ok to sell the coin? Or is the reserve price set in stone? >>

While the reserves should be "set in stone", sometimes AFTER coins have gone unsold, the "stone" turns into rubber, bends a bit and is more flexible. It depends upon whether the seller and the auction house (acting on his behalf) choose to consider a lower "sale" price.

DUIGUY

<< <i>Are you talking about eBay or an auction house? If eBay, the seller is free to do whatever he wants. Major auction house, I'd assume the seller can give the OK, but I don't know for sure.

Russ, NCNE >>





In this case it is DLRC auction. Thanks

bgrice

That's a good question. I have been high bidder on a couple of DLRC auctions that didn't meet the reserve and got an e-mail afterwards offering it to me at that reserve. I didn't take them up on it, but was curious if I could counter-offer them. I didn't see that option. On the same note, do sites like DLRC & Pinnacle get miffed if you make offers on coins they have listed? Pinnacle *had* a seriously nice 1940 PCGS MS67 walker I was interested in, but I was only willing to pay $50 less than they had it listed for and DLRC has a couple of gold rim toned ANACS morgans I'd make an offer on if they will allow them.