Coulda, shoulda, woulda

[frankendime]

I just left a local auction house after sitting there 6 hrs waiting for them to sell 9 Morgan silver dollars and 18 mints sets from 1970 still in the envelopes. At the end of the auction they pulled out some clad proof sets from the mid 80's, I thought here we go. Some guy bid $6 on the clad sets and took two. Auctioneer asked if anybody wants any at that price, some guy takes 12 of em. I didn't want any of them. auctioneer says I'm gonna sell all the glass on this table and then I'm done. He did work hard, not one break in 6 and 1/2 hours. He said anybody here wanna bid on something I didn't get to. I told him those envelopes right there. He sez will you start the bidding at $7? I thought a minute, told him no. He said the proofs went for $6 and these are 40% so they are worth more. I had in mind paying 5 to 6 dollars on them, didn't even ask him about the Morgans. I think I messed up, should have opened the bidding. What do you think?

 

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[SilverForBrains]

these were 40% proofs? I wouldn't pay over 5 or 6, you did the right thing! buy low!

 

[frankendime]

these were 40% proofs? I wouldn't pay over 5 or 6, you did the right thing! buy low!

No, they were not 70 proof sets. Just P and D's from the mint in the plastic packaging still in the old white envelope. $1.32 face value in each envelope. One 70 d half included since Philadelphia did not make to 70 half. They sell on Feebay for about $15 right now and I mean sell, not asking price.

P.S. Thanks for the input!

 

[cooper36]

I would have asked about the Morgans when he said 7.00 on the halfs you did right on that.

 

[Diver_Down]

You messed up. Both on not bidding on the 70's mint sets, and on sitting there for 6 hours. After the first hour, you need to flag an auction employee and see about getting certain lots put in the queue. If they aren't receptive to your request, then proceed to checkout and explain your dissatisfaction and make sure to emphasize that you came to buy in cash. Cash is king. It helps if you have bought a low priced item and that you explain to them that you planned on buying more, but didn't feel like waiting around. Pull out your roll and pay for your small item. When the clerks see the cash, they will be motivated to handle your request.

 

[The_EE]

The auction house I frequent most doesnt do coins until about 9-9:30pm. They start the auction at 6pm. I usually go early, check out the coins and jewelery, sign in and come back in time for the coins.

 

[usandthem]

That set with the 70D half could also have contained a '70S small date penny. Worth way more than the whole set.