Some Ebay Bidding Help - Coin Community Forum

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Author	Replies: 7 / Views: 1,508
USArmyParatrooper Pillar of the Community United States 1283 Posts	Posted 07/15/2007 12:41 pm OK, I understand bidding increments and I've seen the chart on ebay. I bid $2500 on the below coin in the last 10 seconds. http://cgi.ebay.com/ws/eBayISAPI.dl...06&rd=1&rd=1 - When I placed the bid the coin was in the high $2100 range, like $2185 or something like that. - I understand that up to $2500 the bid increments are $25, and after $2500 it goes up to $50. Now I have a couple of questions. 1: Being that I was "outbid" and the sell price is EXACTLY what my max bid was... does that mean the winner had the same max bid but was in before me? 2: So long as I'm bidding in higher increments than what's required, can I bid odd numbers? Example: Let's say Joe was high bidder, and HIS max was $2500. And let's say I bid $2501... would it accept my bid or would I have to bid at least $2550 for it to accept it? Edited by USArmyParatrooper 07/15/2007 12:42 pm Report this Post to the Staff

lknerr Valued Member United States 167 Posts	Posted 07/15/2007 1:13 pm IMO as far as I know you can bid anything you want cents included. Example when I bid on E-bay stuff I normally have been tracking the items I want and have captured the low, average and high bids for at 15 times before I place a bid. Once I have all my data on a spreadsheet I place my maximum bid at the average. I don't win most of the time but at least I know I'm paying average price. When I lose with this method I enter the data in the spreadsheet which normally only changes the average, unless someone bid really high and broke the old high bid for that item. Just one of my methods. I never get into bidding wars. I enter my max and leave it alone. The draw back to this method is I get sniped. Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 07/15/2007 1:27 pm If the sell price was exactly the same as your high bid ,, it looks like the winner and you bid the same amount only his was there first. Had you bid 2501 from where you were you would have won the coin . Metalman Report this Post to the Staff
t360 Pillar of the Community United States 2703 Posts	Posted 07/15/2007 1:45 pm You can bid any amount, highest bidder wins even if it is by only one cent. For this reason I never bid an even dollar amount; I always bid amounts ending with .88 cents rather than .00 cents, for example $216.88. I have won several lots by a few cents. Report this Post to the Staff
chrsb Pillar of the Community United States 936 Posts	Posted 07/15/2007 1:56 pm You could have bid 2500.01 and won. I have gotten pretty good at figuring out people high bid, I always look at what the bid was before the last bidder, if the high bidders bid is lower that what the next bid should have been then you know he is at his highest point. Example- High bid is 100, the last bidders maximum bid was 99.99, you then know that the high bidders maximum bid is 100. I always use cents in my bids, and have won some by pennies because of this. I also see what else the seller is selling, a lot of people will bid on multiple auctions and use the same maximum bid on the lots. You can also use that to see where to place your bids. Report this Post to the Staff
USArmyParatrooper Pillar of the Community United States 1283 Posts	Posted 07/15/2007 3:25 pm Thanks guys, very educational. This was a beautiful S-VDB and it took a long time to find one of this quality. Fortunately I got lucky and found one I like even better, and got for the same price. But this will definitely help for future bids. Report this Post to the Staff
USArmyParatrooper Pillar of the Community United States 1283 Posts	Posted 07/15/2007 3:27 pm quote: You could have bid 2500.01 and won. What if my max bid was $2700? Would the price have been driven up by posted increments, i.e. $2550? Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 07/15/2007 7:34 pm quote: What if my max bid was $2700? Would the price have been driven up by posted increments, i.e. $2550? Yup. Report this Post to the Staff
	Replies: 7 / Views: 1,508

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