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A True Ebay Conundrum

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Pillar of the Community
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 Posted 03/15/2023  9:15 pm Show Profile   Bookmark this topic Add Ballyhoo to your friends list Get a Link to this Message
While scrolling through the listings searching for two missing PCGS MS65 West Point quarters to complete my set I came across this one.

https://www.ebay.com/itm/155447435790

Two people are in a bidding war on a coin when multiple specimens are listed further down the page at a buy it now of $33.95 with free shipping by the same seller and in the same holder. Why on earth would anyone bid nearly ten dollars over that amount, assuming the auction closes where it stands? Do some people really bid on the first thing which pops up without any hint of looking and comparing? And this is not the only MS65 listed well below what these two knuckleheads are bidding. Go figure. Anyone?
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Edited by Ballyhoo
03/15/2023 9:26 pm
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 Posted 03/15/2023  9:34 pm  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
I'm not sure if the "V75" privy mark accounts for the excess.

I wouldn't really consider it a bidding war since one guy set a max bid and the other bidder looks like they are just running it up $2 at a time.
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 Posted 03/15/2023  9:44 pm  Show Profile   Bookmark this reply Add Nycstlrr to your friends list Get a Link to this Reply
I have had people do this to me. They bid in small amounts to outbid me and become the high bidder. I just go the the next auction of the same item and bid on it. Most of the time I win the auction for less than what I bid on the first item.
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 Posted 03/15/2023  9:47 pm  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply
Ballyhoo, I've seen this many times on eBay. When I bid on a coin, I've already bookmarked the BIN sales, and step away from the auction when they hit that price.
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 Posted 03/15/2023  11:49 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Why on earth would anyone be buying these quarters in the first place?
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 Posted 03/16/2023  08:29 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
What a country!
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 Posted 03/16/2023  08:45 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
People being people...
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 Posted 03/16/2023  09:46 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Sold for $43
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 Posted 03/16/2023  09:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I have to assume sometimes they just want the "win" more than the coin.
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 Posted 03/16/2023  11:21 am  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
It appears that there is still some firewood left in the W-Quarters fire. I'll be waiting until there are just some glowing ambers left to get the ones I need.

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 Posted 03/16/2023  12:16 pm  Show Profile   Bookmark this reply Add smuglr to your friends list Get a Link to this Reply
The "V75" privy mark is on all of the 2020 W mint quarters so wouldn't account for the boost.
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 Posted 03/17/2023  04:59 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Some people just have too much money and not enough sense.
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 Posted 03/17/2023  4:27 pm  Show Profile   Bookmark this reply Add Erscolo to your friends list Get a Link to this Reply
Never underestimate the STUPIDITY of the average person.
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 Posted 03/20/2023  10:54 am  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
Some folks just like to bid and win, values not withstanding. Have you ever purchased a coin at a higher price just because you liked it or perhaps needed it to complete a set? Who really knows what folks are thinking.
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 Posted 03/20/2023  12:28 pm  Show Profile   Check Wade's eBay Listings Bookmark this reply Add Wade to your friends list Get a Link to this Reply
could also be a shill running up the buyer.
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 Posted 03/20/2023  12:48 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Back when I was collecting modern commemoratives, I'd see that more often than you'd think. Same coin, same grade, same holder and the bidding would go higher than a buy-it-now listing from the same dealer.

I remember going with my Dad to tool auctions when I was a teenager. He was always on the lookout for good used tools for his workshop (he did industrial welding and fabrication after he retired from the Navy). It wasn't terribly uncommon to see bidding go higher on a used tool than what you could pay for the same exact tool new. I think sometimes people just get caught up in bidding action...
Edited by hokiefan_82
03/20/2023 12:49 pm
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