Quote:
Originally Posted by midmo
When I was about 16 I was at an estate auction and there was a small binder of silver pesos (which I knew nothing about). I bid something like $6 or $7 and won. I thought cool, that has to be a great deal. Then he quickly added them up. The bid price was for each coin individually, not the complete binder. It totaled well over $100. I quickly learned to know exactly what you're bidding on.
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I've done that before in my early auction years. I've learned to verify with the auctioneer whether it's a group price or by the piece
