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Pillar of the Community
Canada
3167 Posts
 Posted 02/01/2013  6:49 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
Nice point!
Pillar of the Community
United States
2543 Posts
 Posted 02/05/2013  6:34 pm  Show Profile   Bookmark this reply Add denco7 to your friends list
Anybody have an extra $120,000 ..... Tax refund maybe.......For this
Pillar of the Community
Canada
3167 Posts
 Posted 02/05/2013  6:45 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list

Shiny
Pillar of the Community
United States
3453 Posts
 Posted 02/05/2013  7:14 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
NN, if that is a Firefly reference, I salute you!

Yikes, that lot is times the money. You do not get to specify the dates. My strategy would be to pick the lowest price MS64 one and use that price (says the chick who just raised her bid on a current auction three times...)

EDITED for spelling (there are days I wonder if Earl42 is laughing hysterically at my posts before I edit them...)
Edited by CoinsKelly
02/05/2013 7:16 pm
Pillar of the Community
United States
1721 Posts
 Posted 02/05/2013  7:43 pm  Show Profile   Bookmark this reply Add mds308 to your friends list
Is it me or did the top bidder overpay by approximately 4000 dollars ? Just kidding. I guess that's less than 6 dollars each. Set up at flea markets and sell them for 10 -20 each.
Edited by mds308
02/05/2013 7:46 pm
Pillar of the Community
United States
3453 Posts
 Posted 02/05/2013  7:50 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
"Unfortunately" the reserve was not met.
Pillar of the Community
Canada
3167 Posts
 Posted 02/05/2013  7:57 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
Yup, was asking to much I guess. Most of this guys stuff doesn't hit the reserve.
Pillar of the Community
United States
1721 Posts
 Posted 02/05/2013  8:16 pm  Show Profile   Bookmark this reply Add mds308 to your friends list

Quote:
Most of this guys stuff doesn't hit the reserve.



How do you think he got to lots of 1000 ?
Pillar of the Community
United States
3283 Posts
 Posted 02/05/2013  8:18 pm  Show Profile   Bookmark this reply Add upstate to your friends list
Reserves are a foolish, Just start the auction at your "reserve"
Pillar of the Community
Canada
3167 Posts
 Posted 02/06/2013  09:13 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
doesn't make sense
Bedrock of the Community
13014 Posts
 Posted 02/06/2013  12:10 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Reserves are a foolish, Just start the auction at your "reserve"


Exactly youre just wasting everyones time otherwise. And yes I know it can cause more people to be interested because of higher bidding activity but I still think its a waste of peoples time.
Pillar of the Community
United States
3283 Posts
 Posted 02/06/2013  12:16 pm  Show Profile   Bookmark this reply Add upstate to your friends list
If it has a reserve I don't even look at it.
I just move on.
Bedrock of the Community
United States
17884 Posts
 Posted 02/06/2013  2:41 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
He's probably hoping the high bidders will contact him and inquire what the reserve was and then he will do a deal off-eBay saving on fees.
Pillar of the Community
United States
3283 Posts
 Posted 02/06/2013  3:56 pm  Show Profile   Bookmark this reply Add upstate to your friends list
Ah-Ha that makes sense, trying to beat the system. Risky business.
Pillar of the Community
United States
2543 Posts
 Posted 02/06/2013  4:16 pm  Show Profile   Bookmark this reply Add denco7 to your friends list
It is just human nature to want what other people want. The fact that other people want it, gives people an assurance that it is worth wanting and having. You see an item on ebay with no bids, you start posting here asking, " I want this coin, but it has no bids, should I bid on it ? Is it worth it ? Take the same coin at the same price with 15 bids on it and people feel no immediate impulse to start questioning the price.

There is nothing wrong with hidden reserves, they have always been part of every auction, real estate , auto, coins ......
People see a high reserve, they pass it by, people see many back and forth bids they bid because they want the coin and are not turned off at the out set by the reserve. I can't tell you how many auctions I have been to where the bidding goes on and then slows or stops, at this point it is up to the consignor to make a decision. Many times the consignor figures the bidders just determined the value of the item and removes the reserve and sells the coin. If the reserve had been revealed at the start, people would have passed on the item and the coin would never have been sold.

The coin is worth what it is worth, you bid what it is worth.That has nothing top do with reserves. If it does not meet the reserve then " oh well "
The only thing about reserves that irritate me, is when the reserve is at or above retail, that is not an auction, that is a retail store.

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