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What is going on with all the reserves on "weekly" internet auctions?

seateddimeseateddime Posts: 6,180 ✭✭✭
in U.S. Coin Forum
I see a lot of sales in several auction houses that have either opening bids or reserves set high.

You can tell where outside consignors have no reserve and sometimes those coins go cheap but they are mostly cheaper coins.

Anything that is gold or over $500 seems to have a reserve which is more like a bid or buy sale than an auction.

Does anyone else notice this trend?
I seldom check PM's but do check emails often jason@seated.org

Buying top quality Seated Dimes in Gem BU and Proof.

Buying great coins - monster eye appeal only.

Comments

  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Well when the opening bid is at PCGS price guide level and I know they want another 15% plus shipping I have let them keep the coins. And three of them were coins I really would of liked to add to my 50 piece commemorative set.

    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • 291fifth291fifth Posts: 24,696 ✭✭✭✭✭
    The sellers are afraid of the market ... probably with good reason.
    All glory is fleeting.
  • UnknownUnknown
    This content has been removed.
  • CEOcoinshopcomCEOcoinshopcom Posts: 350 ✭
    Wow some tough love around here.
    I'm Just Sayin"


    http://www.coinshop.com
  • JWARJWAR Posts: 83


    << <i>Seateddime,
    why don't you check your own wares, aren't you the one who has a buy it now on HA.com for an 1867 10c ms67 ngc (formerly pcgs ms66) for $10k, I believe you have had it listed for about 6+ months. I guess you don't call that a high reserve huh? or maybe everyone else should sell low for you so you can sell high....seriously dude you make no sense. In fact when i used to check out your ebay coin site I would think to myself, everything this guys got is overpriced........sheesh. So tired of hearing your rants about sruff you are guilty of, maybe it was best that you didn't win that dime at the stack's auction, I would be shocked if you did win it since you would have been the high bidder and that is un......oh wait I forgot it was selling cheap......... image >>



    That was kinda mean
  • BuzzybestBuzzybest Posts: 932
    "That was kinda mean". That's what liberals say when they're losing an argument! Hillarious!
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    I'd say the torpedo scored a direct hit amidshipsimage
    Have a nice day
  • JcarneyJcarney Posts: 3,154 ✭
    image
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭


    << <i>The sellers are afraid of the market ... probably with good reason. >>



    OR they don't have any real big need to sell.
  • DavideoDavideo Posts: 1,363 ✭✭✭✭


    << <i>

    << <i>The sellers are afraid of the market ... probably with good reason. >>



    OR they don't have any real big need to sell. >>



    Just as buyers are just "kicking the tires" sometimes, seller do too.

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