Ebay Stopping "snipe" Bidding

To participate in the forum you must log in or register.

Author	Replies: 2 / Views: 70
first4 Valued Member Australia 101 Posts	Posted Today 2H 45M ago * Moved by Staff to a more appropriate forum. * Ok so I been on ebay as a buyer of coins since 2012. It started off with ancient coins, I was getting good value from a wholesaler in the UK. I accumulated a large collection. Then in 2018 the Australian government introduced 10% GST sales tax on purchases under $1000Aud. These coins I purchased were on auction. I would wake up at odd hours to bid. After the government introduced the 10% GST I stopped buying from overseas. I started coin roll hunting from banks. I would bid on coin lots in Australia past few years as there is no 10% GST on purchases within Australia. Now ebay have introduced an "extension of time" of 60sec to stop bidders "sniping" at the last few seconds of auction. I admit that I won my auctions by sniping, now I cant see the point in bidding as the new system encourages bidding wars and ebay enabling higher bids after close of auction. Therefore buyers getting less value and paying more. Sure some auction houses use extension of time at close of auction. Has it changed you're buying/ bidding behaviour? Report this Post to the Staff

HondoB Bedrock of the Community United States 27175 Posts	Posted Today 1H 4M ago As a seller, I love it. As a buyer, I hate it. Inordinately fascinated by bits of metal with strange markings and figures Report this Post to the Staff
nss-52 Moderator United States 54295 Posts	Posted Today 46M ago 60 seconds isn't much of an extension, and anyone trying to beat a "snipe" bid will have to be at their computer at the exact time the listing was supposed to close. We will have to see, but I don't think it is going to result in significantly higher ending amounts. Show your financial support of the Coin Community Family (click here) See my topic on Mexican Numismatic Medals (click here) Report this Post to the Staff
	Replies: 2 / Views: 70

To participate in the forum you must log in or register.

All Forums Category: eCommerce and Online Auction Forums Forum: eCommerce | eBay, eCrater, Heritage, Paypal, Auction Houses, etc.

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.17 seconds to rattle this change.