So, can most members or most auction houses bid on coins up for auction?

Bochiman

As I was thinking about some of the TT auctions (sorry, I don't know many of the others well enough to directly speculate on them, but hoping others do....), I was thinking "some of these pics really suck!", and then, "what an advantage to see them, inhand, esp if they have crappy pics".

So, I know that in some of my past jobs, there were things I could do, and things I couldn't do, as we didn't want any potential conflict of interest or perceived issues from being an "insider". Wonder if the auction houses have the same thoughts/rules?

If so, do you think it is only at a high level? Direct "touching of the merchandise" level? All levels?

Thoughts?

CoinJunkie

Justacommeman

Terms and Service Agreement---21. The Auctioneer or its affiliates may consign items to be sold in the Auction, and may bid on
those lots or any other lots. Auctioneer or affiliates expressly reserve the right to modify any
such bids at any time prior to the hammer based upon data made known to the Auctioneer or
its affiliates. The Auctioneer may extend advances, guarantees, or loans to certain consignors,
and may extend financing or other credits at varying rates to certain Bidders in the auction

This is Heritage's Terms and Service agreement. It's somewhat stardard fare. MJ

Bochiman

Thanks for the TOS info......so, yes, I think they are in a good spot if some crappy photos are taken.
Nice to be in

Justacommeman

Heritage buys coins. Heritage's auctions tend to be a dumping ground of maxed out coins with some great coins sprinkled in. I would never buy or make a decision based on their pictures . Usually, I view them personally or I have dealer look at them for me. Rarely do I find that an exceptional coin that goes unnoticed or unprotected in their auctions. Rips, are possible but few and far between......Just my humble opinion. MJ