Bidding on my first DLRC auction, anyone else ever bid and win?

ChrisRx · August 7, 2008 5:42AM

Any issues?

Time remaining: 4 days; 4 hours; 51 min but I am sure I put in a big enough bid to not get outbid (but we'll see!)

Placid · August 7, 2008 5:44AM

Yes I have won a coin there before.
What did you bid on?

yellowjacket · August 7, 2008 5:45AM

If you have met their high reserve, chances are the coin is yours. There is usually very little wiggle room between full retail and the reserve.

Service is very good. You'll receive the coin quickly after you settle your account.

Garrow

ChrisRx · August 7, 2008 5:45AM

<< Yes I have won a coin there before.
What did you bid on?

>>

I'll tell ya in 4 days; 4 hours; 48 min

Barndog · August 7, 2008 5:56AM

nothing but excellent service from DLRC

fc · August 7, 2008 6:00AM

<< If you have met their high reserve, chances are the coin is yours. There is usually very little wiggle room between full retail and the reserve.

Service is very good. You'll receive the coin quickly after you settle your account.

Garrow >>

yup. to the point it is not even an auction. it is all carefully marketed
as an auction but unless it is labeled as a no reserve auction... it
is NOT AN AUCTION in the least.

most coins do not sell at first. they sit and sit due to high reserves.
some have been in their inventory for YEARS.

otherwise, service is excellent and very trustworthy.

julie42 · August 7, 2008 6:03AM

Link?

lasvegasteddy · August 7, 2008 6:06AM

good luck there chris

if i had the funds i'd be all over that 1938 pr65cam lincoln

DennisH · August 7, 2008 6:08AM

I stopped bidding a long time ago when it became apparent that their "auctions" were really just retail selling by another name. Now I stick to their fixed price inventory offerings.

ChrisRx · August 7, 2008 6:08AM

Thanks guys/gals. Thanks Ted!

<< Link? >>

NO LINK FOR YOU!

adamlaneus · August 7, 2008 6:19AM

Very, very few of those coins seem to get bids, as the reserve prices are set at about retail.

So the only folks buying those coins are the ones that really want them; the folks that are looking for a quick flip profit probably won't buy here.

Just bidding the minimum increment will often get you the coin. Once in a while, I see a coin that appears to be the focus of a few bids.

I like the quality of the photography at DLRC and I feel that I know what I am getting with them moreso than with other places.

coindeuce · August 7, 2008 6:19AM

I've won several lots recently below my max bid. If you do a search here by my user ID, you should find some images of one. A monster toner.

Barndog · August 7, 2008 6:22AM

one can have success bidding below the reserve. In more than one instance, the reserve was lowered to meet my high bid.

ChrisRx · August 7, 2008 6:23AM

Thats all kinda what I figured. I put in a max bid of what I think is a fair market price.

NH484000 · August 7, 2008 6:24AM

No, never won, but I get plenty of emails from them regarding auctions ending.

yellowjacket · August 7, 2008 6:26AM

DLRC "no reserve" auctions always have an opening bid that is, in itself, a reserve.

Garrow

julie42 · August 7, 2008 6:29AM

<< Thanks guys/gals. Thanks Ted!

<< Link? >>

NO LINK FOR YOU!

>>

That's a good one

I guess I was just wondering what is a DLRC auction?

UtahCoin · August 7, 2008 6:31AM

I've won a couple of auctions, very good service from them.

But I also echo what many have said about the pricing.

JCMhouston · August 7, 2008 6:48AM

Agreed that most are pseudo auctions, but like barndog I have had multiple wins where they lowered the reserve to my max bid. And thye have absolutely the best service of any of the auctions, almost without exception coins ship the next day.

rays · August 7, 2008 9:00AM

Any "auction" that:
1. Has no buy back fee to the consignor
2. The majority of lots are owned by the auction company
3. Have hidden reserves

are not auctions, but offers for sale.

I have bid on a few of their lots, but it was essentially a waste of time.

abitofthisabitofthat · August 7, 2008 10:44AM

A piece of advice on DLRC. As many have mentioned, the reserves are usually high and there is not a lot of bidding. However, occasionally a nice coin will get a few bids.

If your bid price has already met the reserve, there is no need to wait 4 days to see if you get sniped. Since they own almost all of the coins in the auction, they will usually let you buy it outright now and cancel the auction.

On the other hand, as a few folks have mentioned they will occasionally drop the reserves. But if you really like the coin, call them up and make an offer.

Bayard1908 · August 7, 2008 11:27AM

I have bought exactly one item from them, a proof 63 seated quarter that I thought was reasonably priced. Usually the prices are way too high.

roadrunner · August 8, 2008 6:26AM

I bid and "won" once.....and wish I hadn't.

roadrunner

Cladiator · August 8, 2008 6:36AM

DLRC is no fun when you've got no coin funds. Too damn tempting looking through their inventory. It's like putting candy in front of a kid that has his mouth sewn shut.

BillJones · August 8, 2008 6:41AM

Yes, I've bid and won, but I ended up returing the lot.

It was not really their fault. It was a rare early coin that had a price in excess of $12,000. Despite the fact that CAC liked it, I didn't. DLRC was great about the return and there was no problem. They are great people to deal with.

marmac · August 8, 2008 6:50AM

First class outfit

millennium · August 8, 2008 6:55AM

Yes...bid on many won a few...no problems...he is easy to work with.

Cladiator · August 8, 2008 6:57AM

<< Despite the fact that CAC liked it, I didn't. >>

yellowjacket · August 8, 2008 9:23AM

I just won a nice 1930 Buffalo to add to my collection. First increment at the reserve as usual.

Garrow

astrorat · August 8, 2008 9:34AM

<< So the only folks buying those coins are the ones that really want them... >>

Yep...and those folks would be called...coin collectors...

Lane

MisterBungle · August 8, 2008 10:44AM

I was the third bidder, and the winner of this PCGS
MS62 Barber Half at David Lawrence recently.

I kissed a lot of frogs at this grade before I fell in
love with this one.

I ended up paying about $65.00 over the PCGS
price guide for it, with the juice and shipping,
but I am very happy with the coin as it is.

~

determined · August 8, 2008 10:50AM

<< ... I guess I was just wondering what is a DLRC auction? >>

julie42, if you're still wondering:

DLRC = David Lawrence Rare Coins

marmac · August 8, 2008 11:31AM

I've never gotten a deal thru the auctions they host but I have landed a few nice coins. Over the phone reviews on pieces of interest have always been spot on and never any hype.

Coxe · August 8, 2008 11:36AM

Ditto what others have said and repeated. I have bid and won lots there. One of the most phenomenal VAM cherrypicks I got was over there.

bfjohnson · August 8, 2008 12:54PM

I've won a few coins and never had any problem. Great seller.

BlindedByEgo · August 8, 2008 12:56PM

<< Thats all kinda what I figured. I put in a max bid of what I think is a fair market price. >>

I've done the same and have been satisfied. Proof IHC?

yellowjacket · August 8, 2008 1:15PM

I've been watching their use of Dominion Grading Service. The grading appears to be fairly acurate and the genre of coins are circulated or problem coins. They don't aqppear to be competing with PCGS/NGC yet.

Garrow

bestclser1 · August 8, 2008 2:15PM

<< I've won a few coins and never had any problem. Great seller. >>

Actually got 2 amazing coins very cheap from their auctions,one PCGS,and one NGC*,VERY cool items.

julie42 · August 8, 2008 2:51PM

<< 

<< ... I guess I was just wondering what is a DLRC auction? >>

julie42, if you're still wondering:

DLRC = David Lawrence Rare Coins >>

Thank you very much!!

Bidding on my first DLRC auction, anyone else ever bid and win?

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