The GreatCollections Bidders Saga: My Adventures in Auction Madness

As a coin collector who spends way too much time scrolling through online auctions, I’ve had some eye-opening experiences with GreatCollections. Just last week, I witnessed bidding wars that left me scratching my head, while I quietly scooped up overlooked gems. Let me share my insights on the quirks of auction behavior and how to turn them to your advantage.

The Proof Lincoln Cent Frenzy

I’ve noticed that certain coins attract a swarm of aggressive bidders, especially toned proof Lincoln Memorial cents. For example, in recent auctions, I saw:

• A 1961 NGC PF66 RB sell for a mere $49.15 with buyer’s fee, despite CDN values of $5-6.75.
• A 1961 NGC PF66 BN go for $76.50 with buyer’s fee, against CDNs of $3-4.10.
• A 1961 NGC PF65 BN fetch $110.25 with buyer’s fee, while CDNs sat at $0.70-1.00.

It’s wild how these ‘bidding warriors’ drive prices sky-high for coins that, under different lighting, might just look brown or red-brown. If you’re not actively chasing toned proofs, it’s often smarter to steer clear and save your cash for better opportunities.

Unearthing Overlooked Treasures

While others battled over flashy proofs, I found incredible deals on coins that slipped under the radar. Take the 1924-D Lincoln cent in ICG AU-55—I snagged it for $57.26 with buyer’s fee, while CDNs suggest $140-180. Sure, it has some reverse spotting and ICG isn’t everyone’s favorite, but as a dealer, I see this as a solid profit play. Another overlooked piece was a 1952-D Franklin half dollar in MS-65 with toning, which I grabbed for $41 against CDNs of $75-100. The key? Look for coins in less popular holders or with minor flaws that scare off the crowd.

Grading Insights and Market Discounts

From my auctions, I’ve learned that grading labels like ICG or ANACS can create golden opportunities. Many collectors avoid them due to perceived inferiority, but I’ve found coins that are accurately graded and undervalued. For instance, I picked up a 1907-S USPI 20 Centavos in ANACS AU-55 for $71.50 (CDNs $120-155), and it’s a stunner. If you’re flipping coins, remember: coins with spots or in ‘second-tier’ holders might need a patient buyer on eBay, but they can still turn a profit if you price them below straight-graded equivalents.

My Winning Buys and Bidding Strategies

I’ve had my share of auction wins by focusing on undervalued areas. Recently, I scored:

• A set of coins for $42 total ($8.25 each), with CDNs of $62-84—easy money for a quick flip.
• A 2021 Crossing the Delaware silver quarter for $72, well below typical market prices.
• A 1952-S Franklin half dollar for $52, which is semi-scarce and toned, against CDNs of $70-95.

To avoid the ‘bidiots’, I stick to practical tips: target auctions during busy weekends when fewer bidders are active, prioritize coins with multiple listings to dilute competition, and always check for surface issues that might deter others but are manageable for resale.

Key Takeaways for Savvy Collectors

Based on my numismatic journey, here’s how to thrive in auctions like GreatCollections:

• Focus on coins with strong fundamentals, like older silver or key dates, rather than fleeting trends like toned proofs.
• Use CDN guides as a baseline but be ready to pounce when prices dip below value—especially for world coins or details-graded pieces.
• Consider regrading undervalued coins; for example, that ICG cent could be a candidate for PCGS, though be wary of details grades if flaws are present.
• Build relationships with local coin shops; they often buy overlooked finds at fair prices, giving you an exit strategy.

In the end, auction madness can be a goldmine if you stay observant and patient. I’ll keep hunting for those hidden deals and sharing what I learn—happy bidding!