Nick1368

Pre 33 American coins are sooo sexy looking 😋😋 love them 

 

Yeah it does not make sense, which to me is a good buying opportunity. 
This guy has a very impressive knowledge & maybe its the german accent & confidence, its also very believable. 
He says pretty much everything I have been thinking near enough. Gold really does test your patience and nerve - especially the stocks. 
 

Probably, gold reacts to events, so expect a short spike. 

This is a thread on Gold priced in GBP. My point isn’t about “slave systems” or the “correct” measure of inflation but simply one set of figures that will be released tomorrow.  
The context being that gold rose in price in GBP today, and the US CPI numbers are out tomorrow.  Nothing more, nothing less.
I suspect the other topics could do with their own threads.
Best
Dicker

Watch the US CPI figures tomorrow…..
I think we will see worse than expected inflation figures, just as the $1.2 Trillion has been passed….
I suspect the market might know this or strongly suspect this, hence gold firming up.
But, I am a fool and it’s just a guess.  
 
Best
Dicker

welcome to the forum mate 

just wanted to give you heads up , be very careful when trying to buy coins on Auctions like the coin cabinet for example , a few people have admitted that they have been shill bidding on their own coins and they are not even ashamed of it .
 
I always looked at the coin cabinet and thought something doesn't feel right  , now I know why .
one person who used to be a member of this forum admitted that he has been bidding on his own coins to make sure they don't go for a lower price than he bought them himself and he is so proud of his doing that he says he has no regrets and he would do it again and again .
Another guy said that there was fault with his keyboard and he accidentally bid like 20 times on a 2016 half sovereign which sold for nearly £1000 , and guess what ? the guy with the faulty keyboard who placed 20 bids on that coin , did not win it hahaha
Anyways be careful when buying/selling coins on auctions , there are dishonest disgusting people out there who would and are doing things like this .
 
 
 

I agree on the buyer beware warning 100% ...
There is a specific auction in the UK I see on saleroom online that is doing this for sure - I see coins go up to way past their bullion and numismatic value in the bid amount alone, so adding fees whould be stupid prices.  But, then in the next auction - the same coins are there again!  Either the house or seller is bidding them up, then they are "selling" but in fact no one is paying those stupid prices and the same coins appear in the next sale again.  Sometimes this lasts over several sales until one idiot who is a real bidder puts a bid on and wins, then the coin is finally sold.  I've seen this happen on a variety of coins over and over again.  But it's not widespread - it seems to be the same few auction houses doing this - what I would call a fraud and scam to be honest.
Examples - generic canadian maples & US silver eagles - "selling" for 40.00 each and terrible condition britannias (covered in milkspots which should be only worth spot price) "selling" for 40.00.
Something else I see is coins "selling" at GOOD prices - hammer goes down "SOLD" at maybe -20% under the market prices BUT next auction - the same coin is on sale again!  If it's not made the reserve it should hammer down as "PASSED" not "SOLD"!  But I think these cases are fake bids, house bids or seller bids who are winning by mistake and then the coin has to go back in the next auction looking for a victim.
I think it's a good idea to watch a few auctions for each auction house before you decide to trust them, at least you will get an idea of what the selling prices are like and you can see any trends in coins re-appearing over and over again and of course on the live videos - you can see some of the dishonest auctioneers inventing phantom bids "I can go straight in at X pounds!"  and also hesitating for so long before bringing the hammer down if it's a fake bid... sometimes pausing for a minute or two and almost begging someone real to put the final bid on and speaking all kinds of cr*p like "very rare one this"  "last chance"  "is that it?"  "only this price for this"  "you could get double this price at the market" and all the other desperate and dishonest phrases you could think of...  the best one i heard is an auctioneer shouting how RARE coins are that have mintages of 1 to 3 million and only a couple of years old and how you will "not find another one"... etc...
 

i found this in the terms and conditions of a local auction house
(c) ******* Auctioneers & Valuers Ltd, any ******* Auctioneers & Valuers Ltd Affiliated Company, the Seller or any agent acting on its behalf may bid for any lot or lots offered for sale at the auction.
so it seems they allow a seller to bid on their own lot?
they do dot normally auction coins, though they have in the past lotted silver and gold coins and some collectables ( paddington 50p etc)
 

just wanted to give you heads up , be very careful when trying to buy coins on Auctions like the coin cabinet for example , a few people have admitted that they have been shill bidding on their own coins and they are not even ashamed of it .
 
I always looked at the coin cabinet and thought something doesn't feel right  , now I know why .
one person who used to be a member of this forum admitted that he has been bidding on his own coins to make sure they don't go for a lower price than he bought them himself and he is so proud of his doing that he says he has no regrets and he would do it again and again .
Another guy said that there was fault with his keyboard and he accidentally bid like 20 times on a 2016 half sovereign which sold for nearly £1000 , and guess what ? the guy with the faulty keyboard who placed 20 bids on that coin , did not win it hahaha
Anyways be careful when buying/selling coins on auctions , there are dishonest disgusting people out there who would and are doing things like this .
 
 
 

don't get me wrong , I don't have any problem with the coin cabinet and the people who run it , the problem is the abuse of coin cabinet auction by some sellers and as a result some people maybe those who are new to coin collecting end up paying a lot more than a coin is worth and it also creates false prices in the market .
yeah I am shocked as well , rule number one in any auction is that YOU SHOULD NOT AND CAN NOT BID ON YOUR OWN ITEM , it just doesn't get any simpler than that , I don't know what is so difficult to understand about it .
and it's absolutely disgusting that these people are admitting to their wrong doing in public without any shame whatsoever , they are proud of what they have done and they are laughing and joking about it and calling the winners of those coins idiots , coins that they sold in the dirtiest possible way , they have no dignity therefore no shame .

You do have the assertive right to put your story forward and I applaud you and thank you for doing so.  I wanted to put forward in my summary, in a considered manner, that I didn’t think @Nick1368 had done anything to insinuate any in-proprietary EXCEPT to highlight the blatant underhand and unethical actions of others.
The heading AUCTION WARNING for me, was rather an ironic title to the topic rather than a shocking one.  
I’m old fashioned and remember the days pre- internet, of having to travel miles and miles to physical Auction Houses and bid in person, buy a catalogue and sit through hours and hours of lots just to get a chance of bidding on one or two lots of interest- and sometimes come away empty handed and at considerable cost in time, effort and petrol.
 
 From my personal experience, the same old derogatory and inflammatory  discussions/ accusations have always being levelled by some people chattering among themselves toward Auction Houses/ Auctioneers, and chiefly with no actual evidence of impropriety of the establishment.  
But at the same time, I have had the occasion to know that I was cheated by an auctioneer taking bids off the wall and I had to call him out,  this has only happened once to me to date, and I still believe that Auctioneers are generally straight, and I have rarely cited this 30 year old story-  but it wouldn’t have stopped someone more vindictive from the chattering class, making accusations.  
Unfortunately (or fortunately)  Louise, we are not in the past and platforms such as that god-awful Farcebook and Twatter or indeed Forums such as this are ripe for nurturing damaging commentary of your industry and unfounded gossip can potentially cause damage to businesses - and spread quickly to vast audiences unlike in the past, where audiences were tiny.  
The problem you have in the Auction industry is public perception.  Much like Estate Agents, Politicians and Used Car Salesman is that there is, rightly or wrongly an element of mistrust as a starting point. 
But fortunately, most people will take an objective view and I would say only a small amount of people listen to the rubbish littering the internet in general,  and most people will make their own minds up and not be influenced by the chattering classes.  
 
in terms of the pre-bidding you point out- I kind of see the point- but being a tight Yorkshireman, it’s not for me- I would hate being a potential maiden bidder!

@CoinsOfTheRealmAuctions As quoted from the initial post to his topic, Nick made it very clear which Auction House he was talking about in terms of the people citing that they have been involved in Shill bidding.  

He didn’t insinuate anything- he just pointed out what apparently ‘a few people’ had written and put in the public domain- and that they had done this shill previously- in terms of bidding on their own lots.
He also stated that one person had ‘no regrets’ and ‘would do it again and again’. 

Louise, you have responded by stating the following- so it looks like you have processes in place to stop this from overtly happening.   
I’m guessing however, that anyone intent on involving themselves in this underhand practice won’t actually use their own customer account to carry out the shill but do so covertly. 

Louise, I am certainly not insinuating anything by my statement above, just pointing out that this practice could happen despite your best efforts.
@Nick1368 cited a 2016 Half Sovereign and a person who apparently stated that due to a ‘faulty keyboard’ he had bid 20 times on a coin- and apparently didn’t win the coin.  

Given that you sold a 2016 Half Sovereign for almost 3 times your Auction guide price, then he was likely citing your Auction- but I guess, not insinuating anything- he was simply re-telling a story of what someone had put out in the public domain. 

Louise, in your response to Nick, you make it very clear that you would want your customers to get in touch with you if they experienced technical difficulties- and I’m pretty sure you would listen to the customer and sort it out too- but if the customer with the technical difficulties- in this case the customer  who is the underbidder- doesn’t get in touch with you, then you will have no reason to think that customers bids were anything more than being placed with consideration and not due to technical reasons. 
To sum up, my interpretation is that @Nick1368 didn’t insinuate anything about the Coins of the Realm. 
 
 

just wanted to give you heads up , be very careful when trying to buy coins on Auctions like the coin cabinet for example , a few people have admitted that they have been shill bidding on their own coins and they are not even ashamed of it .
 
I always looked at the coin cabinet and thought something doesn't feel right  , now I know why .
one person who used to be a member of this forum admitted that he has been bidding on his own coins to make sure they don't go for a lower price than he bought them himself and he is so proud of his doing that he says he has no regrets and he would do it again and again .
Another guy said that there was fault with his keyboard and he accidentally bid like 20 times on a 2016 half sovereign which sold for nearly £1000 , and guess what ? the guy with the faulty keyboard who placed 20 bids on that coin , did not win it hahaha
Anyways be careful when buying/selling coins on auctions , there are dishonest disgusting people out there who would and are doing things like this .
 
 
 

don't get me wrong , I don't have any problem with the coin cabinet and the people who run it , the problem is the abuse of coin cabinet auction by some sellers and as a result some people maybe those who are new to coin collecting end up paying a lot more than a coin is worth and it also creates false prices in the market .
yeah I am shocked as well , rule number one in any auction is that YOU SHOULD NOT AND CAN NOT BID ON YOUR OWN ITEM , it just doesn't get any simpler than that , I don't know what is so difficult to understand about it .
and it's absolutely disgusting that these people are admitting to their wrong doing in public without any shame whatsoever , they are proud of what they have done and they are laughing and joking about it and calling the winners of those coins idiots , coins that they sold in the dirtiest possible way , they have no dignity therefore no shame .

don't get me wrong , I don't have any problem with the coin cabinet and the people who run it , the problem is the abuse of coin cabinet auction by some sellers and as a result some people maybe those who are new to coin collecting end up paying a lot more than a coin is worth and it also creates false prices in the market .
yeah I am shocked as well , rule number one in any auction is that YOU SHOULD NOT AND CAN NOT BID ON YOUR OWN ITEM , it just doesn't get any simpler than that , I don't know what is so difficult to understand about it .
and it's absolutely disgusting that these people are admitting to their wrong doing in public without any shame whatsoever , they are proud of what they have done and they are laughing and joking about it and calling the winners of those coins idiots , coins that they sold in the dirtiest possible way , they have no dignity therefore no shame .

don't get me wrong , I don't have any problem with the coin cabinet and the people who run it , the problem is the abuse of coin cabinet auction by some sellers and as a result some people maybe those who are new to coin collecting end up paying a lot more than a coin is worth and it also creates false prices in the market .
yeah I am shocked as well , rule number one in any auction is that YOU SHOULD NOT AND CAN NOT BID ON YOUR OWN ITEM , it just doesn't get any simpler than that , I don't know what is so difficult to understand about it .
and it's absolutely disgusting that these people are admitting to their wrong doing in public without any shame whatsoever , they are proud of what they have done and they are laughing and joking about it and calling the winners of those coins idiots , coins that they sold in the dirtiest possible way , they have no dignity therefore no shame .

don't get me wrong , I don't have any problem with the coin cabinet and the people who run it , the problem is the abuse of coin cabinet auction by some sellers and as a result some people maybe those who are new to coin collecting end up paying a lot more than a coin is worth and it also creates false prices in the market .
yeah I am shocked as well , rule number one in any auction is that YOU SHOULD NOT AND CAN NOT BID ON YOUR OWN ITEM , it just doesn't get any simpler than that , I don't know what is so difficult to understand about it .
and it's absolutely disgusting that these people are admitting to their wrong doing in public without any shame whatsoever , they are proud of what they have done and they are laughing and joking about it and calling the winners of those coins idiots , coins that they sold in the dirtiest possible way , they have no dignity therefore no shame .

I can’t really get on board with that. If the seller doesn’t like the terms of the auction (I.e. no reserves) they shouldn’t enter their coins in it. I don’t see it as anything other than fundamentally dishonest and as you say it artificially inflates prices for all. The danger of potentially winning their own auction isn’t a particularly good excuse for it either, I’m sure these individuals are extremely proficient at finding the right balance to ensure they don’t win.
I do remember the member that @Nick1368 was referring to in his original post and I was honestly surprised that some people genuinely believe this is an acceptable practice and par for the course. It begs the question of how many people/members shill on a regular basis without a second thought. It seems systemic.