Why does a coin not meet reserve, then show up in CoinFacts with a price realized?

Comments

• yosclimber Posts: 5,034 ✭✭✭✭✭

  September 22, 2015 9:53AM

  I've seen it happen in the PCGS Auction Prices Realized database.
  It's essentially a data entry error in translating the auction results.
  I don't know how frequently it occurs, in terms of percent of unsold coins that show up with a price.
  I have seen it happen on 2-3 coins when researching pedigrees. But I didn't look at the population of unsold coins.

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• tntdynomite Posts: 87

  September 22, 2015 11:00AM

  I'm not an expert in coins,but I attend auctions probably more than I should.Sometimes the owner will lift a reserve if they're happy with the last bid so even though the reserve wasn't reached the item still sold.Another possible,less likely,reason is the owner will sell the item after the item fails to meet the reserve to someone at the auction and is included in the final sales report so the auction company gets their cut.

  I really like serious people.

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• oih82w8 Posts: 12,557 ✭✭✭✭✭

  September 22, 2015 11:11AM

  I was kinda wondering that myself. I saw one of my coins that I won at auction with the buy it now instead of my best offer...which was accepted.

  oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's
  
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