Coins of the Realm Auction 26

[MJCOIN]

Some nice looking coins on offer in this auction.  Might be tempted....

[NRSovereign]

10 hours ago, MJCOIN said:

Some nice looking coins on offer in this auction.  Might be tempted....

What ones you liking ? 

[Leonmarsh]

Coins way over priced something odd about the auction helvetia at 310? Before fees? 

[Mrpound]

11 hours ago, Leonmarsh said:

Coins way over priced something odd about the auction helvetia at 310? Before fees? 

I thought everything seems over priced too 👎

[SlowFrog]

I've never done the auction thing before so thought I'd take a quick look. One of the first coins I got to see was this looker: 

[MJCOIN]

Seems like the arse has fallen out of the market a bit judging by the lack of bids and lots passed.  Perhaps the timing of the auction didn't help (half term and day before 2 bank holidays).

[Chorlton]

Do they have reserve / starting prices that are a little high to encourage interest ?

[Petra]

17 minutes ago, Chorlton said:

Do they have reserve / starting prices that are a little high to encourage interest ?

There are reserves, you only find out what it is when the coin is passed. One or two being passed tonight, even a 1/10th. 

[Mrpound]

I bid on two coins, both passed, so didn’t reach the (unrealistic) reserve price 👎 ahh well more funds for the coin fair next weekend 🤣

[Dakaras]

My bid passed .

[Aran]

The auction house can’t be doing themselves any favours by having reserve prices that are clearly higher than prices achieved in other recent auctions for the same coins. Will only alienate customers and potential bidders.

[Petra]

3 hours ago, Aran said:

The auction house can’t be doing themselves any favours by having reserve prices that are clearly higher than prices achieved in other recent auctions for the same coins. Will only alienate customers and potential bidders.

If you are selling, then it’s up to you to tell the auction house what you want as a reserve, they can obviously advise you, but you the seller have the final say.

[Heirlooms]

3 hours ago, Petra said:

If you are selling, then it’s up to you to tell the auction house what you want as a reserve, they can obviously advise you, but you the seller have the final say.

This is true, but if I had an auction house and a seller has a genuinely unrealistic price reserve then I wouldn't accept the coin as it will reflect badly on my auction house. You can have a couple that don't reach the reserve price but they have too many

[BarryWoods]

A lot of the coins that 'passed' will likely sell after the auctio, if close to the reserve..

Reserve do protect sellers, from a slow market, pr just a slow day) but of course everyone wants to buy 'cheap'...  until they want to sell! 

I've auctioned a number of coins with Coins of the realm, most went in the auction bidding. ones that passed, deals were to be had post auction... so, happy..