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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.
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With a much larger number of potential bidders, PropertyRoom.com auctions typically have a winning bid price higher than live traditional offline police auctions. [6] This service also allows police and municipal clients to eliminate overhead and overtime to off-duty employees organizing an auction, allowing them to concentrate on their core ...
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]
Set a reserve: A “reserve” refers to the minimum amount you’re willing to accept for a coin sale. This is a good idea if you are a newbie because you are assured that the coin or coins you ...
Seated Dollar, No Motto PR-63+ United States Simpson Heritage Auctions April 2021 $1,041,300 1879 $4 Coiled Hair United States Gold Rush Collection Bonhams September 2013 $1,035,000 1894 10c United States Daggett, Parker, World-Wide Heritage Auctions: January 2005 $1,020,000 1863 $20 PR-65+ United States Eliasberg Heritage Auctions May 2022
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.
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
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