Comments on: Heritage Realizes Nearly $6 Million in July 2017 FUN Sale https://www.coinnews.net/2017/07/19/heritage-realizes-nearly-6-million-in-july-2017-fun-sale/ CoinNews delivers the latest World and US coin news Thu, 20 Jul 2017 15:59:44 +0000 hourly 1 https://wordpress.org/?v=7.1 By: Seth Riesling https://www.coinnews.net/2017/07/19/heritage-realizes-nearly-6-million-in-july-2017-fun-sale/#comment-237582 Thu, 20 Jul 2017 15:59:44 +0000 http://www.coinnews.net/?p=63546#comment-237582 This article is from a Heritage press release & they state the auction had a 99% “sell-through” rate. What they & some other USA & foreign auctions don’t tell you is that statistic is misleading. Coins that don’t sell during the auction due to no interest are offered right after the auction at a fixed price or with some negotiated price. Usually, dealers pick up these coins since there are no bidders to compete with & they get some good deals. But, those coins did not sell at public auction & are not considered an auction price realized. Very deceptive practice to make the auction house look better.

-NumisDudeTx

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