auctions like these are not at all uncommon in Europe. there are, from what i hear from people in the know, certain nationals who target certain coins , usually " upper medium to high grade sleepers" and simply buy them at any cost. Nationals usually come from Russia, China, Poland, India and other eastern European and Asian countries. AND, most of them apparently pay in CASH, regardless of the cost. ( it is called gettingmyblackcashinasafeinvestmentwhichcannotbetracedbutcanreadilybesold) Kuenker and others had auctions where the listed starting price was Euro 500. coins ended well over 50,000 (fifty mil). A friend recently bid on a German Gold piece in a German auction. It had a start price of 2500 Euro and ended at 42,000. he told me 2 years ago he purchased exactly one same for Euro 3000 in better shape. Apparently all signs now point to old India as the next "run at" must haves.
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That's what you call squeezing the lemon, eh!
there are, from what i hear from people in the know, certain nationals who target certain coins , usually " upper medium to high grade sleepers" and simply buy them at any cost.
Nationals usually come from Russia, China, Poland, India and other eastern European and Asian countries. AND, most of them apparently pay in CASH, regardless of the cost. ( it is called gettingmyblackcashinasafeinvestmentwhichcannotbetracedbutcanreadilybesold)
Kuenker and others had auctions where the listed starting price was Euro 500. coins ended well over 50,000 (fifty mil). A friend recently bid on a German Gold piece in a German auction. It had a start price of 2500 Euro and ended at 42,000.
he told me 2 years ago he purchased exactly one same for Euro 3000 in better shape.
Apparently all signs now point to old India as the next "run at" must haves.