Ha ha, sob sob, ha ha, sob sob

Ha ha, sob sob, ha ha, sob sob

Post by Bill Krumme » Fri, 12 Apr 2002 13:21:48



Messing around on eBay and I placed a bid on an Isabella commemorative
quarter, ANACS unc details, cleaned, net AU55.  Recently listed, no bidders
yet, start at $9.99 with a hidden reserve.  I checked greysheet, placed a
bid somewhere under greysheet bid for XF, figuring to watch the auction from
my home page.  Ha, ha, I busted reserve with a bid I really can't afford.
That's no biggie, I like Isabellas and I can do without electricity for a
few months.

But, I like to win bargains and I possibly could have stole this coin if I
had only placed my bid the last few seconds of the auction.  Huh?  Ok,
expensive coin, cleaned, and a dark poor image.  I would think it possible
this auction would take no bids during its duration.  I mean, many don't
like bidding on reserve auctions anyway.  Now, and maybe I'm just a dreamer,
if everyone was passing on this auction, and I had done the same thing in
the last few seconds, I could have won for $90 (reserve).   Now, one of two
things is going on here.  Either the coin is a real dog and the seller is
just being reasonable with his reserve, or the seller was not too smart
setting the auction up the way he did; it does seem highly possible to me
that everyone would bypass this auction and any lucky fool could have had
the coin for minimum with a snipe bid.  As it is, I may still win the coin
(remember, poor image and problem coin), but I bet I pay a heck of a lot
more than if I had bid late.  For me, kind of funny, kind of sad.  I think I
did the seller a favor, though.  Bill

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by J. A. McNerne » Fri, 12 Apr 2002 22:22:48


Maybe no one else wants a cleaned coin?

JAM

Quote:

> Messing around on eBay and I placed a bid on an Isabella commemorative
> quarter, ANACS unc details, cleaned, net AU55.  Recently listed, no bidders
> yet, start at $9.99 with a hidden reserve.  I checked greysheet, placed a
> bid somewhere under greysheet bid for XF, figuring to watch the auction from
> my home page.  Ha, ha, I busted reserve with a bid I really can't afford.
> That's no biggie, I like Isabellas and I can do without electricity for a
> few months.

> But, I like to win bargains and I possibly could have stole this coin if I
> had only placed my bid the last few seconds of the auction.  Huh?  Ok,
> expensive coin, cleaned, and a dark poor image.  I would think it possible
> this auction would take no bids during its duration.  I mean, many don't
> like bidding on reserve auctions anyway.  Now, and maybe I'm just a dreamer,
> if everyone was passing on this auction, and I had done the same thing in
> the last few seconds, I could have won for $90 (reserve).   Now, one of two
> things is going on here.  Either the coin is a real dog and the seller is
> just being reasonable with his reserve, or the seller was not too smart
> setting the auction up the way he did; it does seem highly possible to me
> that everyone would bypass this auction and any lucky fool could have had
> the coin for minimum with a snipe bid.  As it is, I may still win the coin
> (remember, poor image and problem coin), but I bet I pay a heck of a lot
> more than if I had bid late.  For me, kind of funny, kind of sad.  I think I
> did the seller a favor, though.  Bill

--

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Alan & Erin William » Fri, 12 Apr 2002 23:14:26


Quote:

> Maybe no one else wants a cleaned coin?

> JAM

NAAC.
(Not An Attractive Coin)

Alan

Quote:


> > Messing around on eBay and I placed a bid on an Isabella commemorative
> > quarter, ANACS unc details, cleaned, net AU55.  Recently listed, no bidders
> > yet, start at $9.99 with a hidden reserve.  I checked greysheet, placed a
> > bid somewhere under greysheet bid for XF, figuring to watch the auction from
> > my home page.  Ha, ha, I busted reserve with a bid I really can't afford.
> > That's no biggie, I like Isabellas and I can do without electricity for a
> > few months.

> > But, I like to win bargains and I possibly could have stole this coin if I
> > had only placed my bid the last few seconds of the auction.  Huh?  Ok,
> > expensive coin, cleaned, and a dark poor image.  I would think it possible
> > this auction would take no bids during its duration.  I mean, many don't
> > like bidding on reserve auctions anyway.  Now, and maybe I'm just a dreamer,
> > if everyone was passing on this auction, and I had done the same thing in
> > the last few seconds, I could have won for $90 (reserve).   Now, one of two
> > things is going on here.  Either the coin is a real dog and the seller is
> > just being reasonable with his reserve, or the seller was not too smart
> > setting the auction up the way he did; it does seem highly possible to me
> > that everyone would bypass this auction and any lucky fool could have had
> > the coin for minimum with a snipe bid.  As it is, I may still win the coin
> > (remember, poor image and problem coin), but I bet I pay a heck of a lot
> > more than if I had bid late.  For me, kind of funny, kind of sad.  I think I
> > did the seller a favor, though.  Bill

> --

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Bill Krumme » Sat, 13 Apr 2002 01:20:44




Quote:

> > Maybe no one else wants a cleaned coin?

> > JAM

> NAAC.
> (Not An Attractive Coin)

> Alan

The two responses above illustrate the point I was trying to make - that if
I had placed the same bid that I have already placed,  but placed the bid in
the last few seconds of the auction, as the only bidder I may very well have
won the Isabella for the hidden reserve price - $90.  Now this is a mint
state coin (details wise) and has been cleaned long ago and has retoned,
beautifully according to the seller, whom I believe.  ANACS has put a market
grade of AU55 on the coin ($450 retail) and my maximum is no where close to
AU money, but under greysheet XF.   Because of the poor image, and that the
coin has a problem noted on the plastic, and because not everyone will
believe the seller hype of beautiful toning, I may very well win this coin -
but.......at a price much closer to my maximum since I have now revealed the
reserve to all lookers.   There is no way this is going to survive the last
24 hours of auction sitting at $90, and I will either lose the coin (no big
deal, I have one Isabella) or pay multiples of $90.   All conjecture on my
part, but I wish I had marked this coin to watch rather than popping in the
bid when I did.  Bill

Quote:

> > > Messing around on eBay and I placed a bid on an Isabella commemorative
> > > quarter, ANACS unc details, cleaned, net AU55.  Recently listed, no
bidders
> > > yet, start at $9.99 with a hidden reserve.  I checked greysheet,
placed a
> > > bid somewhere under greysheet bid for XF, figuring to watch the
auction from
> > > my home page.  Ha, ha, I busted reserve with a bid I really can't
afford.
> > > That's no biggie, I like Isabellas and I can do without electricity
for a
> > > few months.

> > > But, I like to win bargains and I possibly could have stole this coin
if I
> > > had only placed my bid the last few seconds of the auction.  Huh?  Ok,
> > > expensive coin, cleaned, and a dark poor image.  I would think it
possible
> > > this auction would take no bids during its duration.  I mean, many
don't
> > > like bidding on reserve auctions anyway.  Now, and maybe I'm just a
dreamer,
> > > if everyone was passing on this auction, and I had done the same thing
in
> > > the last few seconds, I could have won for $90 (reserve).   Now, one
of two
> > > things is going on here.  Either the coin is a real dog and the seller
is
> > > just being reasonable with his reserve, or the seller was not too
smart
> > > setting the auction up the way he did; it does seem highly possible to
me
> > > that everyone would bypass this auction and any lucky fool could have
had
> > > the coin for minimum with a snipe bid.  As it is, I may still win the
coin
> > > (remember, poor image and problem coin), but I bet I pay a heck of a
lot
> > > more than if I had bid late.  For me, kind of funny, kind of sad.  I
think I
> > > did the seller a favor, though.  Bill

> > --

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Alan & Erin William » Sat, 13 Apr 2002 03:16:26


Quote:




> > > Maybe no one else wants a cleaned coin?

> > > JAM

> > NAAC.
> > (Not An Attractive Coin)

> > Alan

> The two responses above illustrate the point I was trying to make - that if
> I had placed the same bid that I have already placed,  but placed the bid in
> the last few seconds of the auction, as the only bidder I may very well have
> won the Isabella for the hidden reserve price - $90.  Now this is a mint
> state coin (details wise) and has been cleaned long ago and has retoned,
> beautifully according to the seller, whom I believe.  ANACS has put a market
> grade of AU55 on the coin ($450 retail) and my maximum is no where close to
> AU money, but under greysheet XF.   Because of the poor image, and that the
> coin has a problem noted on the plastic, and because not everyone will
> believe the seller hype of beautiful toning, I may very well win this coin -
> but.......at a price much closer to my maximum since I have now revealed the
> reserve to all lookers.   There is no way this is going to survive the last
> 24 hours of auction sitting at $90, and I will either lose the coin (no big
> deal, I have one Isabella) or pay multiples of $90.   All conjecture on my
> part, but I wish I had marked this coin to watch rather than popping in the
> bid when I did.  Bill

Accurately described bid strategy, Bill.  My first few weeks on Ebay I would
enter bids on items and then track them by searching for auctions I had bid
one... stupid stupid stupid.  Using 'MyEbay' and the watch list is much
better.  ;-)

Alan

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by J. A. McNerne » Sat, 13 Apr 2002 03:53:47


If it's been improperly cleaned it's not mint state.

I like to bid low just to get it on my bidding list (no limit). Then I
can watch the auction without filling up my watching list (limited to 20
auctions) and then snipe it in the last 5 seconds!

JAM

Quote:




> > > Maybe no one else wants a cleaned coin?

> > > JAM

> > NAAC.
> > (Not An Attractive Coin)

> > Alan

> The two responses above illustrate the point I was trying to make - that if
> I had placed the same bid that I have already placed,  but placed the bid in
> the last few seconds of the auction, as the only bidder I may very well have
> won the Isabella for the hidden reserve price - $90.  Now this is a mint
> state coin (details wise) and has been cleaned long ago and has retoned,
> beautifully according to the seller, whom I believe.  ANACS has put a market
> grade of AU55 on the coin ($450 retail) and my maximum is no where close to
> AU money, but under greysheet XF.   Because of the poor image, and that the
> coin has a problem noted on the plastic, and because not everyone will
> believe the seller hype of beautiful toning, I may very well win this coin -
> but.......at a price much closer to my maximum since I have now revealed the
> reserve to all lookers.   There is no way this is going to survive the last
> 24 hours of auction sitting at $90, and I will either lose the coin (no big
> deal, I have one Isabella) or pay multiples of $90.   All conjecture on my
> part, but I wish I had marked this coin to watch rather than popping in the
> bid when I did.  Bill


> > > > Messing around on eBay and I placed a bid on an Isabella commemorative
> > > > quarter, ANACS unc details, cleaned, net AU55.  Recently listed, no
> bidders
> > > > yet, start at $9.99 with a hidden reserve.  I checked greysheet,
> placed a
> > > > bid somewhere under greysheet bid for XF, figuring to watch the
> auction from
> > > > my home page.  Ha, ha, I busted reserve with a bid I really can't
> afford.
> > > > That's no biggie, I like Isabellas and I can do without electricity
> for a
> > > > few months.

> > > > But, I like to win bargains and I possibly could have stole this coin
> if I
> > > > had only placed my bid the last few seconds of the auction.  Huh?  Ok,
> > > > expensive coin, cleaned, and a dark poor image.  I would think it
> possible
> > > > this auction would take no bids during its duration.  I mean, many
> don't
> > > > like bidding on reserve auctions anyway.  Now, and maybe I'm just a
> dreamer,
> > > > if everyone was passing on this auction, and I had done the same thing
> in
> > > > the last few seconds, I could have won for $90 (reserve).   Now, one
> of two
> > > > things is going on here.  Either the coin is a real dog and the seller
> is
> > > > just being reasonable with his reserve, or the seller was not too
> smart
> > > > setting the auction up the way he did; it does seem highly possible to
> me
> > > > that everyone would bypass this auction and any lucky fool could have
> had
> > > > the coin for minimum with a snipe bid.  As it is, I may still win the
> coin
> > > > (remember, poor image and problem coin), but I bet I pay a heck of a
> lot
> > > > more than if I had bid late.  For me, kind of funny, kind of sad.  I
> think I
> > > > did the seller a favor, though.  Bill

> > > --

--
 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Bill Krumme » Sat, 13 Apr 2002 04:15:50




Quote:
> If it's been improperly cleaned it's not mint state.

> I like to bid low just to get it on my bidding list (no limit). Then I
> can watch the auction without filling up my watching list (limited to 20
> auctions) and then snipe it in the last 5 seconds!

> JAM

This has been my strategy, too, JA.  It just seems like it backfired in this
auction.  See what I am saying?    Now, with the reserve revealed at $90,
it is certain there will be other bidders.  Before, when the reserve was not
revealed, it was entirely possible the auction would have ran it's course
with no bidders, and I could have placed my bid in the last few seconds and
won for reserve, $90.  It may or may not be a nice coin, but I think it
still would have been a super bargain for $90.  I also think it was bad
auction strategy on the seller's part.  The seller set himself up to
possibly sell the coin for $90 had there only been one late bid.  It would
have been better for him to have a $90 start, with no reserve, which would
certainly guarantee some bidding activity.  Anyway, time to stop crying over
it.  Sigh, $90 for an AU Isabella.  No, I think I'll cry some more.    Bill

Quote:





> > > > Maybe no one else wants a cleaned coin?

> > > > JAM

> > > NAAC.
> > > (Not An Attractive Coin)

> > > Alan

> > The two responses above illustrate the point I was trying to make - that
if
> > I had placed the same bid that I have already placed,  but placed the
bid in
> > the last few seconds of the auction, as the only bidder I may very well
have
> > won the Isabella for the hidden reserve price - $90.  Now this is a mint
> > state coin (details wise) and has been cleaned long ago and has retoned,
> > beautifully according to the seller, whom I believe.  ANACS has put a
market
> > grade of AU55 on the coin ($450 retail) and my maximum is no where close
to
> > AU money, but under greysheet XF.   Because of the poor image, and that
the
> > coin has a problem noted on the plastic, and because not everyone will
> > believe the seller hype of beautiful toning, I may very well win this
coin -
> > but.......at a price much closer to my maximum since I have now revealed
the
> > reserve to all lookers.   There is no way this is going to survive the
last
> > 24 hours of auction sitting at $90, and I will either lose the coin (no
big
> > deal, I have one Isabella) or pay multiples of $90.   All conjecture on
my
> > part, but I wish I had marked this coin to watch rather than popping in
the
> > bid when I did.  Bill


> > > > > Messing around on eBay and I placed a bid on an Isabella
commemorative
> > > > > quarter, ANACS unc details, cleaned, net AU55.  Recently listed,
no
> > bidders
> > > > > yet, start at $9.99 with a hidden reserve.  I checked greysheet,
> > placed a
> > > > > bid somewhere under greysheet bid for XF, figuring to watch the
> > auction from
> > > > > my home page.  Ha, ha, I busted reserve with a bid I really can't
> > afford.
> > > > > That's no biggie, I like Isabellas and I can do without
electricity
> > for a
> > > > > few months.

> > > > > But, I like to win bargains and I possibly could have stole this
coin
> > if I
> > > > > had only placed my bid the last few seconds of the auction.  Huh?
Ok,
> > > > > expensive coin, cleaned, and a dark poor image.  I would think it
> > possible
> > > > > this auction would take no bids during its duration.  I mean, many
> > don't
> > > > > like bidding on reserve auctions anyway.  Now, and maybe I'm just
a
> > dreamer,
> > > > > if everyone was passing on this auction, and I had done the same
thing
> > in
> > > > > the last few seconds, I could have won for $90 (reserve).   Now,
one
> > of two
> > > > > things is going on here.  Either the coin is a real dog and the
seller
> > is
> > > > > just being reasonable with his reserve, or the seller was not too
> > smart
> > > > > setting the auction up the way he did; it does seem highly
possible to
> > me
> > > > > that everyone would bypass this auction and any lucky fool could
have
> > had
> > > > > the coin for minimum with a snipe bid.  As it is, I may still win
the
> > coin
> > > > > (remember, poor image and problem coin), but I bet I pay a heck of
a
> > lot
> > > > > more than if I had bid late.  For me, kind of funny, kind of sad.
I
> > think I
> > > > > did the seller a favor, though.  Bill

> > > > --

> --

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Fred A. Murph » Sat, 13 Apr 2002 06:13:24



Quote:
> Because of the poor image, and that the
> coin has a problem noted on the plastic, and because not everyone will
> believe the seller hype of beautiful toning, I may very well win this coin
> - but.......at a price much closer to my maximum since I have now revealed
> the reserve to all lookers.

<sigh> Bill, the problem is not that you revealed the reserve.

You revealed the reserve.  Big deal.  Those who wouldn't bid because of the
lousy pix and not believing the seller's hype still won't.  All this has
hurt is you've opened the auction up to bidders who refuse to waste their
time bidding on an auction where they don't know the reserve.

More importantly:

You let everyone on RCC know about the auction, so they can now go looking
for it.

You let anyone who knows your ebay ID know that you're bidding on it,
including non-RCC competitors who may watch what you bid on, knowing you to
be a savvy buyer.

You've alerted a significant amount of your competition that there's a
potentially $450 coin going for $90.

You've even told anyone with a greysheet your approximate bid, so they can
snipe you.

You're partially correct.  You probably should have watched the auction and
sniped, and you've provided a textbook lesson in why sniping is a good idea.

More to the point, however, you should have kept your yap shut, and not
posted on RCC about the whole thing until after the auction.  Then you could
come on here with a story about how you were clever and your snipe nailed
you a coin for a fraction of its value.  Alternatively, you could provide us
with a story about how you tried a great strategy, but were outsniped by
someone with the same idea.

Either result would be better for you than laying all your cards on the
table long before the auction ends.

--

Outgoing mail is certified bollocks

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Bill Krumme » Sat, 13 Apr 2002 06:23:46




Quote:


> > Because of the poor image, and that the
> > coin has a problem noted on the plastic, and because not everyone will
> > believe the seller hype of beautiful toning, I may very well win this
coin
> > - but.......at a price much closer to my maximum since I have now
revealed
> > the reserve to all lookers.

> <sigh> Bill, the problem is not that you revealed the reserve.

> You revealed the reserve.  Big deal.  Those who wouldn't bid because of
the
> lousy pix and not believing the seller's hype still won't.  All this has
> hurt is you've opened the auction up to bidders who refuse to waste their
> time bidding on an auction where they don't know the reserve.

> More importantly:

> You let everyone on RCC know about the auction, so they can now go looking
> for it.

> You let anyone who knows your ebay ID know that you're bidding on it,
> including non-RCC competitors who may watch what you bid on, knowing you
to
> be a savvy buyer.

> You've alerted a significant amount of your competition that there's a
> potentially $450 coin going for $90.

> You've even told anyone with a greysheet your approximate bid, so they can
> snipe you.

> You're partially correct.  You probably should have watched the auction
and
> sniped, and you've provided a textbook lesson in why sniping is a good
idea.

> More to the point, however, you should have kept your yap shut, and not
> posted on RCC about the whole thing until after the auction.  Then you
could
> come on here with a story about how you were clever and your snipe nailed
> you a coin for a fraction of its value.  Alternatively, you could provide
us
> with a story about how you tried a great strategy, but were outsniped by
> someone with the same idea.

> Either result would be better for you than laying all your cards on the
> table long before the auction ends.

Everything you said is absolutely correct, Fred.  In fact, I debated whether
to post or not, and decided that anyone who wants the coin for more than my
max is welcome to it.  I also felt that once I had removed the stigma of a
hidden reserve, the bidding will go beyond my max anyway, so I may as well
share with rcc.  It all boils down to when I placed my bid.  Had I placed
the only bid in the auction in the last few seconds, my $260, yes everyone,
my $260 bid would have won the coin for $90.  And, you could bet I would be
posting a great, celibratory (word?) post after the fact.  I've already
blown my chance, imo.  Posting to rcc changes nothing, imo.   Bill
 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by J. A. McNerne » Sat, 13 Apr 2002 06:55:45


Your posting may save you the $260 :)

JAM

Quote:




> > > Because of the poor image, and that the
> > > coin has a problem noted on the plastic, and because not everyone will
> > > believe the seller hype of beautiful toning, I may very well win this
> coin
> > > - but.......at a price much closer to my maximum since I have now
> revealed
> > > the reserve to all lookers.

> > <sigh> Bill, the problem is not that you revealed the reserve.

> > You revealed the reserve.  Big deal.  Those who wouldn't bid because of
> the
> > lousy pix and not believing the seller's hype still won't.  All this has
> > hurt is you've opened the auction up to bidders who refuse to waste their
> > time bidding on an auction where they don't know the reserve.

> > More importantly:

> > You let everyone on RCC know about the auction, so they can now go looking
> > for it.

> > You let anyone who knows your ebay ID know that you're bidding on it,
> > including non-RCC competitors who may watch what you bid on, knowing you
> to
> > be a savvy buyer.

> > You've alerted a significant amount of your competition that there's a
> > potentially $450 coin going for $90.

> > You've even told anyone with a greysheet your approximate bid, so they can
> > snipe you.

> > You're partially correct.  You probably should have watched the auction
> and
> > sniped, and you've provided a textbook lesson in why sniping is a good
> idea.

> > More to the point, however, you should have kept your yap shut, and not
> > posted on RCC about the whole thing until after the auction.  Then you
> could
> > come on here with a story about how you were clever and your snipe nailed
> > you a coin for a fraction of its value.  Alternatively, you could provide
> us
> > with a story about how you tried a great strategy, but were outsniped by
> > someone with the same idea.

> > Either result would be better for you than laying all your cards on the
> > table long before the auction ends.

> Everything you said is absolutely correct, Fred.  In fact, I debated whether
> to post or not, and decided that anyone who wants the coin for more than my
> max is welcome to it.  I also felt that once I had removed the stigma of a
> hidden reserve, the bidding will go beyond my max anyway, so I may as well
> share with rcc.  It all boils down to when I placed my bid.  Had I placed
> the only bid in the auction in the last few seconds, my $260, yes everyone,
> my $260 bid would have won the coin for $90.  And, you could bet I would be
> posting a great, celibratory (word?) post after the fact.  I've already
> blown my chance, imo.  Posting to rcc changes nothing, imo.   Bill

--
 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Bria » Sat, 13 Apr 2002 07:44:16


Quote:
>start at $9.99 with a hidden reserve.

No one else asked, so I guess I will. If all you wanted to do was watch it, why
bid more than 9.99??
--

Brian Blackwell
SPMC 9522      ANA  LM2644    CM 26
My Obsolete Banknotes Page
http://home.att.net/~brianblackwell/obsolete.htm

People are more interested in happiness than health, and will spend more for
it.

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by DyzeeGF » Sat, 13 Apr 2002 07:48:16


Quote:
>You let everyone on RCC know about the auction, so they can now go looking
>for it.

Found it in one search
 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Bill Krumme » Sat, 13 Apr 2002 08:28:25



Quote:
> >start at $9.99 with a hidden reserve.

> No one else asked, so I guess I will. If all you wanted to do was watch
it, why
> bid more than 9.99??
> --

> Brian Blackwell
> SPMC 9522      ANA  LM2644    CM 26

I don't have a good answer.  I wish I had bid 9.99.   Prior to this auction,
my style was to place a low bid, relative to the worth of the coin as I
perceived it, and save my max for a snipe, if the coin had not already went
too high.  A coin that books at $100 and should bring at least $70 or $80, I
may place an early bid of $49 and watch how much interest there is, who is
bidding, etc.

Since there is no advantage, and now it is obvious there is perhaps some
disadvantage, for me in placing a $49 bid instead of a $1 bid, I am going to
change my bidding style a little.  In a way, I would not want a seller to
sell a $300, $400 coin for $90.  I still think it was poor listing strategy
on the seller's part and could have bit him at the end of the auction.
Bill

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by Stujo » Sat, 13 Apr 2002 08:42:43



thusly...

Quote:

> I don't have a good answer.  I wish I had bid 9.99.   Prior to this auction,
> my style was to place a low bid, relative to the worth of the coin as I
> perceived it, and save my max for a snipe, if the coin had not already went
> too high.  A coin that books at $100 and should bring at least $70 or $80, I
> may place an early bid of $49 and watch how much interest there is, who is
> bidding, etc.

> Since there is no advantage, and now it is obvious there is perhaps some
> disadvantage, for me in placing a $49 bid instead of a $1 bid, I am going to
> change my bidding style a little.  

That is the way I always do it. I usually put in a little more than
one dollar but rarely more than 1/4 of the low end of what the coin
is worth if I am just wanting to watch it on my about me page. I will
occasionally go higher if I am very seriously bidding.
At least, that is what I used to do. I don't bid on Ebay as much as I
used to...well, except for that 1/2 cent I won a little while ago
that I thought was worth 50 cents more than "someone" else did. :-)

--
Stu Miller
The Stujoe Collection: http://thestujoecollection.tripod.com
RCC Coins: http://mywebpages.comcast.net/jcarney44/coins/rccers.html
RCC FAQ: http://www.telesphere.com/ts/coins/faq2.html

 
 
 

Ha ha, sob sob, ha ha, sob sob

Post by J. A. McNerne » Sat, 13 Apr 2002 21:48:49


Maybe the seller only paid $80 for the coin?

JAM

Quote:



> > >start at $9.99 with a hidden reserve.

> > No one else asked, so I guess I will. If all you wanted to do was watch
> it, why
> > bid more than 9.99??
> > --

> > Brian Blackwell
> > SPMC 9522      ANA  LM2644    CM 26

> I don't have a good answer.  I wish I had bid 9.99.   Prior to this auction,
> my style was to place a low bid, relative to the worth of the coin as I
> perceived it, and save my max for a snipe, if the coin had not already went
> too high.  A coin that books at $100 and should bring at least $70 or $80, I
> may place an early bid of $49 and watch how much interest there is, who is
> bidding, etc.

> Since there is no advantage, and now it is obvious there is perhaps some
> disadvantage, for me in placing a $49 bid instead of a $1 bid, I am going to
> change my bidding style a little.  In a way, I would not want a seller to
> sell a $300, $400 coin for $90.  I still think it was poor listing strategy
> on the seller's part and could have bit him at the end of the auction.
> Bill

--