Despite my past bad experiences with conventional auctions, I placed a bid in last weeks Nutmeg auction. It was for 3 FDC covers, one for each of the 3 second coin booklets (B4, B5, B6). There was a suggested bid of $250. Unfortunately, I didn't even come close to winning, despite bidding higher than the suggested bid. Whoever did the estimates for Nutmeg was way off as well. The covers closed at $1900. Well above my budget.