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Sniping On Ebay

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Author Previous TopicReplies: 23 / Views: 1,948Next Topic Page 2 of 2
Rest in Peace
United States
5375 Posts
 Posted 06/03/2008  12:22 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list
That's what I plan to do if I don't use a service, and I had some of the same suspicions, especially given all the computer trouble I've had as of late. Anyone here who is good at spotting bad sellers know any good sellers? This one is one of the first good ones I've found in awhile. 100% feedback (doesn't matter by itself), honest (not to good to be true, most of the time) prices, 7 day returns, good pictures, reasonable shipping.
Pillar of the Community
Australia
1040 Posts
 Posted 06/03/2008  01:31 am  Show Profile   Bookmark this reply Add latman100 to your friends list
If I really want the coin, then I bid early, with the max I am happy to pay. I lose fewer auctions this way. Looking at the bid histories for these coins there are often snipers at the end, but they don't always bid to their max on first attempt, with same users bidding a couple of times in the last seconds. Seems pointless to me. If you know how much you want to spend, bid that amount.

If I am not fussed whether I win or not, then I might snipe if it looks like a good deal. This is a hit and miss method to me. Some you win some you don't.

Oztion, an Australian auction site, doesn't approve of snipping. If a bid is placed in the last minute of the auction, the auction extends an extra minute. Good for sellers.
Rest in Peace
United States
5375 Posts
 Posted 06/03/2008  02:03 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list
yeah these are mostly really good deals I'm looking at, 80% of these guy's coins go above PCGS price guide because of sniper wars : )
Pillar of the Community
United Kingdom
2217 Posts
 Posted 06/03/2008  02:43 am  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list

Quote:
How do I get better


You have to wait until about the last 15 seconds then type in the amount, wait a little by counting the seconds down until you think there will be less than 5 seconds left!

Heh, that's my usual method. Other than that, if you don't win through sniping couldn't it be that the other guy/guys want to pay too much for a coin? So it's not just about winning through 'sniping' but through building up a very good list of candidate bargains in your My ebay watch list. Always know the value of a coin in order to know if it's going to be a bargain and don't bid if the coin is too much, there will always be more fish in the sea. It's not just the winning that's important in the delicate art of bargain sniping, but also the losing that counts!
Edited by NumisMattyUk
06/03/2008 02:44 am
Pillar of the Community
Australia
3831 Posts
 Posted 06/03/2008  03:03 am  Show Profile   Bookmark this reply Add gxseries to your friends list
It just doesn't matter what sniping program you use. If someone else is willing to pay substantially higher than you initially, you have already lost the round.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
United Kingdom
2217 Posts
 Posted 06/03/2008  03:46 am  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list
D'acord mon ami!
Rest in Peace
United States
5375 Posts
 Posted 06/03/2008  05:05 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list
yeah I messed up got flustered and went too fast, then there were like 10 seconds left and this guy outbid me, b ut hey, 1/3 aint bad for first try
Bedrock of the Community
United States
12437 Posts
 Posted 06/03/2008  09:01 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list

Quote:
But, I find a ( no names given) program that searches ebay relentlessly for the specific listings you give and pop them on the screen whenever a new one comes up ( great for BIT or MBO ) or conversely when only a few minutes remain. Without it I could be chatting along unaware that my big bargain is going in 2 minutes.


That could potentially be a hazardous way to bid. If you just have a couple minutes of warning to bid before the auction closes, do you actually have time to read the whole auction and research the feedback of the seller? Not doing your due diligence is an invitation to get burned by a bad seller.
Valued Member
United States
245 Posts
 Posted 06/03/2008  09:14 am  Show Profile   Bookmark this reply Add JohnAP to your friends list
My own rules for bidding on ebay:

1. Watch more than one of the same item at a time, if possible.
2. Know what your max bid is going to be beforehand.
3. NEVER bid until the last 20 -30 secs of the auction, whenever possible. When it's NOT posible, enter your MAX bid at the latest time you can. ebay will only add the next increment to your bid....until you win, or are outbid.

That's my ebay strategy. I wouldn't trust my ebay password etc. to ANYONE else, as easy as it is to hack, be dishonest, etc. My 2 cents worth anyway!
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United States
6563 Posts
 Posted 06/03/2008  11:51 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list

Quote:
My 2 cents worth anyway!


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United States
190135 Posts
 Posted 06/03/2008  12:13 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
If you do make sure your ebay password is Never the same as anything else like paypal or email...just in case
Good advice. One should never use the same password in more than one place... ever!
Pillar of the Community
United States
860 Posts
 Posted 06/03/2008  1:18 pm  Show Profile   Bookmark this reply Add desertgem to your friends list
Biokimst6,

I guess I left a little out by combining a couple of strategies. The buy it now or make best offer popup is just to give you the better chance as some of these are far off the expiration date and searchers don't go through all of the pages like a program can. Once you find and check out a listing and add a "check" to it in the program, it watches the time for you and lets you know like "you have mail" chime. Of course, I may be away from the computer and still miss it, but if I really wanted it I would have gone the max bid route when I left.

I use due diligence and Toolhaus.org on every dealer and prefer those that are ebay "ENRB" registered coindealers when possible. I am sorry if I left the impression I made a decision in that short of time. Just the action, the decision was made with caution.

Jim
Rest in Peace
United States
5375 Posts
 Posted 06/04/2008  10:34 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list
Update: I will not use a sniping service, I have now had some first hand experience of how ridiculously ANNOYING these are from the other end, and do not want to subject others to the same treatment.
Pillar of the Community
United States
632 Posts
 Posted 06/05/2008  02:33 am  Show Profile   Bookmark this reply Add acidic1 to your friends list
There's a reason when a sniper was caught on the battlefield, he was tortured more than anyone else.

I don't snipe......on e-bay.
Pillar of the Community
United States
860 Posts
 Posted 06/05/2008  04:46 am  Show Profile   Bookmark this reply Add desertgem to your friends list

ebay "sniping" always seems to raise strong reactions in both directions. I see no ethical conflict as it is within the rules. I am often beat out by snipers who wanted the item more than me. So thats the way it works. Why should I get irritated? I or anyone farther down the bidder list could have put in a higher proxy bid, but they didn't. ebay is a tool to use to get what you want. If no one else wants it, you get it for your initial bid. If most people want it, you have to pony up the price. Some sellers complain that snipers reduce the final bid by not showing the "interest level" of large number of bids which attract other bidders, but conversely if there were no snipers to put in the final high bid, they would have sold it to the lower underbidder. That is what a reserve is for if they want to use it. I know there are some people who think it is more a competition sport rather than a financial transaction and even start to stalk some snipers or more successful bidders. If you don't bid until the last minute, your recent bids on what you are interested in do not become a sign pointing to items you consider a good deal. I am glad many do not snipe, but studies like http://www.usatoday.com/tech/scienc...f-ebay_x.htmshows that it is a more successful strategy. Look at the list of articles on the right side "related papers" and you will see that this has been researched seriously.

Jim
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