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 Replies: 24 / Views: 3,638 |
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Pillar of the Community
United States
716 Posts |
When I find a coin I like on ebay, I place my max. bid, and then I don't go back until the bidding is over. If I win, great, if not, there is always another day and another coin down the road. For me, when I am outbid, this eliminat4s all temptation to raise my bid at the last second. |
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Pillar of the Community
United States
1064 Posts |
Actually, I think that's a pretty good system. I have found myself over-bidding at the end, and then over-paying. I like your approach!
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Bedrock of the Community
United States
14454 Posts |
the situation in the original post can happen in the real life but there is no way it can keep happening over and over again with the same seller and same bidder as was shown by the bidders history with this seller, in my opinion this is definitely a shill. I have seen it said that it happens more times than you would think, this must be on lower graded coins or moderns because I have not once in the 14 years I have been on ebay ever gotten a second chance for a coin I was wanting and got outbid on |
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Pillar of the Community
United States
500 Posts |
That definitely sounds bad and ebay should reward the coin to you for the 3rd highest bid price! I've never heard of this second chance thing but it doesn't sound good - too easy to get caught shill bidding ( when the shill wins ) but then bail out by offering it to the second highest bidder. I also wait until the last few seconds if I really want a coin. I've found that if you put in your "highest" before that you almost always get beat at the end by someone else. They'll keep "prospect bidding" until they barely nudge over your highest. There is a pack-mentality phenomenon at play some, IMO. Folks will let a coin expire and never bid on it, but the second someone else bids it up they then feel validated in bidding more and more. The only time I do not wait is if there are hours or days left and the price is just below my max currently. Then I'll bid my max and let it ride ( which means it usually loses by a lot ). Otherwise, in my experiences, the earlier you bid the worse your chances for winning. |
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Pillar of the Community
United States
7840 Posts |
 ...the earlier you bid the worse your chances for winning....unless, you bid low, and come back to see how it is going right before the items ends. Or you could just add it to your WATCH list. Either way works for me.  Edited by oih82w8
11/22/2011 1:11 pm
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Pillar of the Community
United States
1659 Posts |
Quote:
I've never heard of this second chance thing but it doesn't sound good - too easy to get caught shill bidding ( when the shill wins ) but then bail out by offering it to the second highest bidder. I'm certain there was shill bidding going on with the circumstances provided by the original poster, however there are legitimate circumstances to use the Second Chance Offer. It's not a bad thing when used appropriately. Here's a few that I can think of off the top of my head: 1) The seller has more than one of the same item. Rather than make another listing and wait seven days for the auction to run its course, simply make a Second Chance offer to the next highest bidder. 2) The seller set a reserve price, which did not get met during normal bidding. When the bidding is over, the seller decides the high bid is reasonable and decides to make a Second Chance Offer to the high bidder. I have purchased more than a few coins this way. 3) The high bidder ends up not paying, so the seller decides to offer the item to the next highest bidder. Here's a link to ebay's Help pages regarding the Second Chance Offer: http://pages.ebay.com/help/sell/sec...e_offer.html |
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Pillar of the Community
United States
500 Posts |
Quote:
I'm certain there was shill bidding going on with the circumstances provided by the original poster, however there are legitimate circumstances to use the Second Chance Offer. It's not a bad thing when used appropriately. Here's a few that I can think of off the top of my head:
1) The seller has more than one of the same item. Rather than make another listing and wait seven days for the auction to run its course, simply make a Second Chance offer to the next highest bidder.
2) The seller set a reserve price, which did not get met during normal bidding. When the bidding is over, the seller decides the high bid is reasonable and decides to make a Second Chance Offer to the high bidder. I have purchased more than a few coins this way.
3) The high bidder ends up not paying, so the seller decides to offer the item to the next highest bidder.
I can understand 2&3 as legit uses of it. I hadn't thought much of 3 since I just presume anyone who bids/wins an item will pay for it. Shouldn't ebay be booting anyone that reneges like that ( I understand returning coins that aren't as advertised or pictured - but what excuse is there for not paying at all)? Anyway, the first use I'm a bit unsure of. Some sellers list that they have 2,3,10 or whatever of the coin and decrement that # as they sell them, in BIN fashion usually. So having two of the coin and going to the second highest bidder seems a bit off to me. Plus, in my experiences, I want to see pics of the exact coin I'm buying ( not stock photos or "it'll be one of these 4" ). I don't want a coin I haven't seen in pics! PERIOD. It is dicey enough to buy from pics-alone, and get a clunker here or there you have to pay to send back as a result, let alone buying from 2nd or 3rd "from the same seller stock". He should be putting them up for bid individually in that case - and I can choose to bid on them all or NOT. So I don't want "I have another just like it" because I wouldn't believe that it is really "as good"! So much goes into why I choose a coin, that grade alone or "its just as good" is complete garbage IMO! I know that you can always decline the offer, but IMO I don't think such things should even be allowed. The fact that it can HELP shill bidders rip people off, that alone should END IT. Seems like a bad thing for buyers OVERALL! Because it is too easily abused and used as a cheat. |
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Valued Member
 United States
110 Posts |
Thanks to all that replied.... I have been waiting until the last minute to place bids. I also take the time in between to research the price (value) of the coin and what my max bid will be and if in the last few seconds I can get the coin at my max bid or less then make my bid. I haven't been bidding much lately because most coins on ebay seem overpriced right now. May wait until after the holidays to buy more. |
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Pillar of the Community
Canada
981 Posts |
Sometimes the seller may have more than one coin in possession when they offer a 2nd chance deal I do that sometimes if I have multiple coins to sell it saves time not having to start another auction right away plus helps out the person that did not win original coin.
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Replies: 24 / Views: 3,638 |
First Page
Posted 11/17/2011 6:26 pm
