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Although coins can be bought and sold at a variety of places — including coin dealers, online sites and coin shows — you may actually get the best prices at auction houses. Buying Valuable or ...
This auction operations the same as the timed English auction, however a predetermined reserve price must be reached before the seller agrees to sell the item. On PropertyRoom.com the reserve price is not disclosed, but the listing indicates whether the minimum or reserve price has been reached.
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]
The GreatCollections.com website launched in late 2010, facilitating the sale and purchase of coins and paper money in online auctions. [6] It has since become well known for auctioning rare examples of American currency, [ 7 ] [ 8 ] such as the Cigarra Collection, [ 9 ] and a collection of Indian Head nickels that sold for over $500,000.
Other historic US coins have fetched vast sums at auction too. A rare 1794 silver dollar believed to be one of the first – if not the first – made by the US mint sold for $10 million in 2013.
Auction record: $7,050. This rare coin sold for over $7,000 at an auction in 2017 as it has become a collectible item due to the fact that there’s no mint mark. The lack of a mint mark means ...
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