Checklist For Selling Coins At A Coin Auction
- Ask how the auction works
- Find out what types of coins do well at a coin auction
- Find out what types of coins don’t do well at a coin auction
- What to expect from an auction
- Are there any other ways to sell rare coins?
HOW DOES AN AUCTION WORK?
If you are new to the auction world and this is your first time it can be a bit overwhelming. You might not like the idea of the coin being out of your possession. Or you might be worried that the coin will be sold at a cheap price. It is best to work with professional auctioneers. Professionals have loyal clients that are ready to spend money on your coins.
There are two types of auctions we run:
Buyers can place pre-bids on an individual item before it is up on the auction block. This is a convenience for bidders who don’t have time to watch the live auction. It’s simple to use. Just enter the maximum amount you are willing to pay for the item, and our dynamic “Auto Bid” feature will bid on your behalf up to the maximum amount. Should you become out bid, our system will notify you.
Auction Network’s online platform, makes it possible for bidders to participate in real-time, competing against onsite and other online buyers. A real, live person operates the software and provides a constant stream of communication to online bidders. Buyers can ask questions about individual items or the auction itself.
Live audio and video of the auction is available to all online bidders. The live auction experience from the comfort of your own home.
With Auction Network, bidders from anywhere in the world have a front row seat at all auctions running online.
A live auction without an onsite audience is a live virtual auction. In both types, buyers can bid in different ways—on site, over the phone or online. Most auctions at Auction Network use the ascending bid method, also known as an English auction. This method may require participation of a minimum of two bidders. The auctioneer calls for an opening price and buyers bid competitively in succession, raising bids usually by equal increments. The auction is over when no new bids are raised and the auctioneer calls “sold” or drops the hammer
IF YOU’RE INTERESTED IN BUYING OR SELLING COINS CONTACT AUCTION NETWORK
We are Toronto’s live online auction house!
LIVE AUCTIONS, ONLINE AUCTIONS IN REAL-TIME
Auction Network is located in Toronto, Ontario, Canada and conducts live online auctions on a regular basis, including a full time auction consignment house. We are a full service auction company, servicing thousands of clients across North America and buyers from around the globe.
Auction Network is fully equipped with the latest technology in the auction business. In addition to live in-house auctions, we also stream our auctions live over the internet with spirited real-time online bidding (webcast with audio and video).
Our family of auctioneers are proud National Auctioneers Association members and graduates of the world-renowned World Wide College of Auctioneering.
We bring you coin and banknote auctions, Inuit art auctions, jewellery auctions, gold and silver bullion, sports memorabilia, collectibles, estate auctions, liquidation auctions, art auctions, Christian Morrisseau Original Art Auctions, general merchandise and so much more! Coin Auctions Toronto, Auction Network.
