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Ebay - Sellers Can Bid Their Own Coins?

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Rest in Peace
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18456 Posts
 Posted 08/27/2021  09:23 am  Show Profile   Bookmark this reply Add T-BOP to your friends list
When I bid on a coin on ebay I try not to even think that someone can be shill bidding , it ruins the whole excitement of bidding . I believe shilling bidding can be detected around the last 45 minutes to one hour before the end of the auction .
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 Posted 08/27/2021  10:35 am  Show Profile   Bookmark this reply Add Dearborn to your friends list
I usually watch the bidding for days to see the patterns of the other bidders. I'll put up my bit in the last few seconds of the auction.
New Member
United States
18 Posts
 Posted 08/29/2021  05:59 am  Show Profile   Bookmark this reply Add Centhound1963 to your friends list
Same as Kenkat...I find a coin that I want, figure out my maximum that I will pay and bid. Have lost a couple by .50. That is fine with me. Far too many shill bids for me to get depressed.
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Russian Federation
1557 Posts
 Posted 08/29/2021  06:52 am  Show Profile   Bookmark this reply Add Slerk to your friends list
I very often see how "buyers" make bets on a lot at the last minute. All 7 days that the goods are at the auction, there are either no bids at all, or 1-2 bids, but as soon as I place a bid and become a leader, I am immediately interrupted and the goods go for the money that I am not ready to spend. Perhaps there really are buyers who are ready to pay more by my standards, I do not know. But it looks suspicious every time. I am especially outraged when I am interrupted and a bid is made at the last second. I think ebay needs to do something about this.
Rest in Peace
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18456 Posts
 Posted 08/29/2021  1:50 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list

Quote:
I am especially outraged when I am interrupted and a bid is made at the last second. I think ebay needs to do something about this.

It's not E-bays problem . Just don't take your eyes off the time remaining on the bidding .
Forum Dad
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 Posted 08/29/2021  5:26 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
and the goods go for the money that I am not ready to spend.


I don't understand the problem, it went for more than you're willing to pay, doesn't matter when, it still went for more than you wanted to pay.

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 Posted 08/29/2021  9:33 pm  Show Profile   Bookmark this reply Add KenKat to your friends list
An important thing about ebay is that part of the premise is that everyone bids their maximum bid and that's it. But that's not what most people do when they think "auction". So they bid until they are winning and then they stop. If they are winning at $35 and you bid $40, they will bid $45. You bid $50, they will bid $55. But if you wait until the final seconds of the auction, when they think they are winning at $35, you bid $50 but get it for whatever the next increment over their $35 bid is. Let's say it is $40. They don't have a chance to run the numbers up because they don't understand the game and you do. You win and get it for a lower price as well.

Now it gets more complicated with popular items with multiple bidders, especially employing the last second bid strategy (commonly called a snipe). But I started winning a lot more auctions once I started to use that strategy.
Edited by KenKat
08/29/2021 9:33 pm
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96771 Posts
 Posted 08/29/2021  10:24 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list
I'm with KenKat - why drive up the price? I always wait until the last seconds. I don't always win, but most times I do.
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Russian Federation
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 Posted 08/30/2021  03:53 am  Show Profile   Bookmark this reply Add Slerk to your friends list
Perhaps I am selfish, but I am ready to overpay 5-10 dollars to get this product(although there were cases when I won the auction, but my bid was too high and I realized it too late)

KenKat, I understood you correctly that you offer to place a bid immediately (even if the auction is still 6-7 days away) but put your maximum and wait for the end. So there is an opportunity to buy cheaper ?
New Member
United States
34 Posts
 Posted 08/30/2021  09:33 am  Show Profile   Bookmark this reply Add buddto to your friends list
i have not been on ebay in weeks , today I went there just to window shop and had some good laughs , I saw a IKE going for $2400 . nothing special just good money . saw a SBA dollar at $500. I can not believe ebay allows this, new buyers on ebay beware .
Forum Dad
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 Posted 08/30/2021  10:51 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
I can not believe ebay allows this


Allows what? People spending money?
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 Posted 08/30/2021  11:36 am  Show Profile   Bookmark this reply Add KenKat to your friends list

Quote:
KenKat, I understood you correctly that you offer to place a bid immediately (even if the auction is still 6-7 days away) but put your maximum and wait for the end. So there is an opportunity to buy cheaper ?


No, I only bid in the last few seconds. If the current price is $35, I will put in a bid of $60 with seconds to go in the auction if that's what ai am willing to pay. If the person winning at $35 had a maximum bid of $50, I get it for the next increment (say $52.50). Or $37.50 if no one else bids higher.

If someone bids $70, they wanted it more than me so they win.
Edited by KenKat
08/30/2021 1:51 pm
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17884 Posts
 Posted 08/31/2021  11:02 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
I saw a IKE going for $2400 . nothing special just good money . saw a SBA dollar at $500. I can not believe ebay allows this,

Not allow ebay to do what? Allow people to ask whatever they want for their coins? Not allow people to spend their money however they want? Who made ebay the arbitrator on what prices should be or how much people are allowed to bid?

If seller sets too high a starting price they typically won't get any bids. If people ARE bidding will over the market price, it isn't my job, or ebay's to protect them from their own ignorance. If you are going to go spend your hard earned money on something, you should have some idea what the market value is first.
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 Posted 08/31/2021  11:35 am  Show Profile   Bookmark this reply Add BigSilver to your friends list
There was a recent news article that ebay suspended the largest card seller on the platform due to alleged shill bidding. So, it is definitely a thing and definitely against the rules.
But, I would like to clarify, the real shill bidding is when you drive up a price of your item (or your friend's item on their behalf) and DON'T win it. It is the art of knowing how high the highest bidder is willing to go (or has already put in a max bid for) and then making them pay the closest to that amount. Sometimes, accidentally, you will win the auction, and in those cases, there is a small side benefit to the shill bidding. That is the recorded sale of that item at a higher price. But, that is not the intended benefit.
To be clear, I would not and have not engaged in such activities. The mere fact that they are against ebay's policy, which you agreed to by selling on ebay, makes it unethical.
I struggle to define, though, what is the real issue with it. If a person bids $100 on an item that is worth $75, that is really their problem. Nobody can force you to bid more than you want to. I lose auctions all the time to people who bid higher than I did. I don't allow that to change my max bid willingness. I am willing to pay what I determined the value of the item to be.
I think though, that the unethical part is that you are misrepresenting your item by calling it an auction. Auction implies that you are willing to sell it for whatever price it settles at. If you call something an auction and then drive up the price that seems dishonest.
Again, it is sufficiently wrong on account of ebay's policy and I would never engage in such behavior. But, defining the ethics for me is an exercise is moral introspection.
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 Posted 08/31/2021  1:09 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Heritage, many years ago, used to do it right out in the open. They had a bidder on the floor complete with a Heritage name tag.
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