My Experience with GreatCollections Bidders Being… Well, GreatCollections Bidders

Lately, I’ve been glued to GreatCollections auctions, and wow – those bidding wars are something else. After years in this hobby, I’ve noticed how some collectors will chase certain coins to the moon while genuine bargains sit ignored. It’s equal parts thrilling and maddening, but it’s shown me exactly where the smart money goes.

When Bidders Lose Their Minds

Just last week, I watched bidders go nuts over toned proof Lincoln cents, paying way over CDN values. A 1961 NGC PF66 RB hammered at $49.15 with fees against CDN’s $5-$6.75. Another 1961 NGC PF66 BN hit $76.50 with CDN at just $3-$4.10. Flashy toning definitely starts a frenzy, but here’s what I’ve learned: these coins often look spectacular in auction photos but fall flat in hand. Personally, I’d only pay up if it completed a type set. For dealers? Good luck reselling these once the hype dies down.

Steals Hiding in Plain Sight

While everyone was distracted, I spotted absolute bargains flying under the radar. A 1924-D Lincoln cent in ICG AU-55 sold for $57.26 with fees – CDN had it at $140-$180! Sure, it had some reverse spotting and ICG isn’t PCGS, but that’s a screaming deal. I’d have bought it myself in a heartbeat. Other overlooked gems:

• A 1952-D Franklin half in MS-65 with toning for $41 (CDN $75-$100) – that’s MS-66 money for a common date!
• A semi-scarce 1952-S Franklin half at $52 (CDN $70-$95), buried in multiple listings
• USPI sleepers like a 1907-S 20 Centavos AU-55 for $71.50 (CDN $120-$155) and a 1944-D 20 Centavos MS-66 for $55 (CDN $100-$130), both accurately graded by ANACS

These prove you’ll find the best deals in less glamorous areas – think older silver or world coins where bidding stays sane.

How Grading Labels Change the Game

Here’s something I’ve observed: coins in ICG or ANACS holders get unfairly snubbed. That 1924-D cent? Probably an AU-58 at PCGS without the spotting. But because it’s ICG, people ran. My approach? Buy these right, then flip them to bargain hunters on eBay or your local shop. Same goes for toned coins like that 1952-S Franklin – what looks “dirty” online often has gorgeous luster in hand. Surface issues mean lower prices, but they don’t erase value if you’re clever.

My Battle-Tested Auction Tactics

After countless auctions, here’s what works for me:

• Watch for auctions with duplicate coins – bidders miss gems when they’re distracted
• Hunt in quieter areas like Canadian or world coins for better prices
• Don’t fear ICG/ANACS holders – verify the grade and profit on resale
• Bid during big events (Super Bowl Sunday is golden!) when competition thins
• Always know your exit: aim for coins with CDN values at least double your cost, then sell on eBay to niche buyers

GreatCollections is a playground for patient collectors. By steering clear of bidding frenzies and spotting undervalued coins, I’ve built my collection on others’ oversights. Now get in there – your next treasure is waiting!