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auction question

DUIGUYDUIGUY Posts: 7,252 ✭✭✭
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.
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“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



- Marcus Tullius Cicero, 106-43 BC

Comments

  • FC57CoinsFC57Coins Posts: 9,140
    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.
  • RussRuss Posts: 48,514 ✭✭✭
    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
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <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.
  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭


    << <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
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • 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.

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