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What is the usual reason for a coin being reauctioned?
I sometimes see coins that get reauctioned a few months to a year after their previous auction sale. Sometimes they even get sold by the same auction house.
What would be the most common reason for this happening: (1) Dealer who bought it wasn't able to flip it; (2) Collector who bought it didn't like it or upgraded; 3) Some Other Reason?
What would be the most common reason for this happening: (1) Dealer who bought it wasn't able to flip it; (2) Collector who bought it didn't like it or upgraded; 3) Some Other Reason?
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Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>It could be due to a variety of reasons but the most common reason is the lot did not sell in the first auction and is being relisted in the next auction, perhaps with a lower reserve price. >>
I'm talking about Heritage lots that ostensibly have no reserve or bidding exceeded the reserve.
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<< <i>It could be due to a variety of reasons but the most common reason is the lot did not sell in the first auction and is being relisted in the next auction, perhaps with a lower reserve price. >>
I'm talking about Heritage lots that ostensibly have no reserve or bidding exceeded the reserve. >>
Heritage bought the lot the first time around for inventory -
1) the coin is dealer's inventory (not privately owned)
2) it's a 'dud' in regards to its slabbed grade.
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<< <i>
<< <i>
<< <i>It could be due to a variety of reasons but the most common reason is the lot did not sell in the first auction and is being relisted in the next auction, perhaps with a lower reserve price. >>
I'm talking about Heritage lots that ostensibly have no reserve or bidding exceeded the reserve. >>
Heritage bought the lot the first time around for inventory - >>
Worry is the interest you pay on a debt you may not owe.
Voltaire: Paper money eventually returns to its intrinsic value---zero.
2. The market has changed (highly unlikely in a short period of time)
3. It never actualy sold the first time around (shill bid, reserve not met etc)
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SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
and it will have a 50%+ higher reserve now until it sells
some collectors over-extend or change focus and sell a chuck of their collection - some held short periods
I do not think there is a 'usual' reason
I'd found this in a forgotten Ebay list I'd created at the time, and went back to the original auction. It didn't sell, and was re-listed so many times, it made me dizzy to follow each one... it's now listed at nearly 2/3 off the original listing price...
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
<< <i>The one Obiwancanoli linked is obvious. A common, white Morgan, listed in Aug for BIN at $449 and currently $224 reduced to $168. According to the PCGS Price Guide it's a $145 coin. Wonder what that seller is thinking! >>
Most of that seller's stuff is overpriced.