Sniping is the practice of watching an auction carefully, and placing one's best bid with bare seconds left to go. One should never bid more than the highest amount one is willing to pay, but it seems counterintuitive to make that bid with enough time for someone else to raise their bid above yours. Remember, another bidder, seeing your highest bid exceeds his, will likely assume you know something he doesn't, and raise his bid until he beats yours.
In this particular case, I think the coin in question is a strong
MS64, and if I were in the market I'd be waiting for the auction's end to see if I might snag the coin at a good price.
Although considered overgraders and hardly objective, being sprung from Heritage, one of NCI's principals was James Halperin. He is a man I would never consider capable of assigning an MS64 grade to an AU coin.
For that reason, I'd consider this a coin worth looking into. Another reason is the die clashing I see - there are two transferred-letter VAM
's for that date, and the possibility exists that this might be such a coin. They're going for $200 in MS64 at Heritage (including the juice), and I could see going that high for this coin, or $200 minus the cost of slabbing it if you're so inclined.
The best thing about a bicycle is that it uses no gasoline, therefore the chance of fiery death is greatly reduced.
First Catman, then Gary Burke and now Bigg Fredd - there's one heck of a coin club in Heaven.