is what's behind the auction bidding.

Some of the newest strikes are starting to show what I think are fairly high prices. Only later to have the auction bids start falling down. Some bidders just have to have the item now and are paying those prices. Later we see that the item comes down to relative normal prices.

Now we are seeing the prices on the Obssolete, Scarce, and Error tokens starting to take off. While I think the King 8 might just have been a sleeper, I don't think any of the tokens made it back to Anchor for desturction, as I remember even months after the machine was removed, I went in and bought several at the cage where I saw at least a rack and a half still available.

I have also to note that not all collectors are online so they can't bid, and when those collectors who are online get the tokens they need, then they take themselves out of the bidding FRENZY, bring the prices down again.

I have to ask myself if the people who aren't online WERE bidding what type of prices would we be seeing.

I also have a problem with the new San Remo token with the .999 Fine Silver inscription on the outer ring. How many actually got out. I know the collectors(Seller's) who are selling them on E-bay probably noticed the tokens right away and got as many as they could possibly get. Yet posting them on E-bay with a reserve at $600.00! That I am not so sure of. However, it's whatever the person who bids is willing to pay.

Also, the Pavarotti tokens which one of the Dealers has the market on which had a rumored minting of 1000 tokens. Still can't seem to get higher bids than the starting $49.95.

Hypothetically, lets say I have 10 Rockettes tokens. I place one up on E-bay, and it goes for $1100.00. There were 3 bidders who all reached the $1000 level under the winner. I place another token up and it sells for $1050.00, this time to one of those three bidders. I then place another one and it sells for $1000.00 to one of the other two. I place up a fourth token and it only sells for $750.00 since winning bidder was bidding against the bidder who was even bidding at the first auction and wouldn't go over $700.00. I put up another token and it sells for $500.00 and this time it was won by the bidder who wouldn't bid over $700.00. An the bidder below him wouldn't go over $500.00.......

I guess you can see where I am going with this. Supply and demand especially for true collectors(not investors)... Once they have the item they no longer bid on the item.

My real question is what is the truest value of the token???? TOUGH QUESTION. It's not the highest value of the sell ever recorded at auction. A dealer may have sold one or two recently at a show for %450. So where's the real value.

A REAL TOUGH ONE IF YOU ASK ME.

Here's the Debbie Reynold's Strike that sold for $131.59 on May 4 @ 6:51 AM

http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=319148472

Here's the Debbie Reynolds Strike that sold for $46.56 on May 6 @ 16:30

http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=322568221

Two day's difference and almost $90.00 price swing.......

And if you check the bid history on the first auction you will see it was the second place bidder who bid $129.09 that won the second auction for $46.56.

Strange huh?