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 Replies: 29 / Views: 4,284 |
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Pillar of the Community
United States
632 Posts |
I started this about a month ago when I had to start saving cash for a trip over Thanksgiving and for Christmas. I started bidding on coins trying NOT to win but to see how close I can get to the winning bid. Trying to be the second highest bidder. I keep the items around 50 bucks or less and my goal is to get within 1 or 2 dollars. If I lose, (win the auction) I have to buy the coin(s). If I win, (lose the auction by 1 bid) well, all I get is the knowledge that my grading is getting a little better. Even if you lose, all you get is a coin you think is worth a little more than you paid.  |
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Pillar of the Community
United States
936 Posts |
I like to do something like this except I like to see if I can figure out what the high bid is and win by .01. I have done it a few times but am happy if I am within a few cents.
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Pillar of the Community
United States
1151 Posts |
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Pillar of the Community
Australia
655 Posts |
I must be unintentionally playing the same game. I usually come in second place. When I win it's often a surprise! Then I end up thinking maybe I bid too much Lol.
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Pillar of the Community
United States
1984 Posts |
My game is to be the first bidder on as many coins as possible that have low starting bids with outrageous buy it nows, so I save someone from Buying It now for three times more than it is worth. It's the most I can do until my budget increases next year (I hope).
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Member
United States
703 Posts |
I buy two types of errors. Ones for my personal collection where I bid higher and usually win but come in 2nd many times as well. Other error where I think the price is outstanding for that error, so then I bid what I think is a little less than wholesale, winning many and coming in second just as often.
Either way I am usually either first or second on my snipes.
errrror
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Forum Dad
 United States
24171 Posts |
quote:
I keep the items around 50 bucks or less and my goal is to get within 1 or 2 dollars.
There's a little flaw in the game. If your the second bidder, you'll always seem to be within a few dollars if the winning bid is under $50. You see ebay won't reveal the high bidders bid, only the bid increment over the second high bidder. In other words, if your second at $49, the winner will show $50 when in reality the winner's bid could've been $5,000. So you were really off by $4,951 not $1.  |
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Rest in Peace
Australia
661 Posts |
Good point to make Bobby.
regards,
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Pillar of the Community
 United States
632 Posts |
If I bid fourty nine dollars and the winner wins the auction for fifty...I lost the auction by one dollar. Within my goal. Everybody says "the market will decide how much a coin is worth". I got within a dollar of what the market says it was worth. I win (or lose).
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Pillar of the Community
United States
1840 Posts |
quote:
I got within a dollar of what the market says it was worth.
If you're shooting for second place then you are artificially inflating the "market" value of the coin at the expense of your fellow collectors. |
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Pillar of the Community
United States
632 Posts |
What I'm doing is increasing the value of YOUR collection...your welcome.
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Forum Dad
United States
24171 Posts |
quote:
If I bid fourty nine dollars and the winner wins the auction for fifty...I lost the auction by one dollar.
You're certainly entitled to look at it that way and convince yourself your great at your game, but if the winner bid $100 you lost it by $51 because the winner was willing to pay $100. If you bid $75, $85, or $99 you still would've lost by a dollar and the winner was still willing to pay $100 no matter what you bid. |
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Pillar of the Community
United States
632 Posts |
Cm'on Dad all I wanted to do was be the second highest bidder. Like I said in the original post. No matter how much one person is willing to bid. I'm still the second highest bidder. What I'm trying to avoid is a bidding war above me.
If I bid 50 dollars and it sells for 150.00 I lose, big time. I totally miss graded that coin.
and since I'm the only one playing my game...I am the greatest, and the worst.
I hope I'm not ruffling you headdress on this dad, cause I'd hate to be kicked off the board. I'm having a lot of fun and I'd hate to have to watch from the sidelines.
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Forum Dad
United States
24171 Posts |
You're ruffling nothing. I was merely trying to point out how your game really works. You stated... quote:
Trying to be the second highest bidder. I keep the items around 50 bucks or less and my goal is to get within 1 or 2 dollars.
All I'm saying is this is a game you can't seem to lose if you're the second highest bidder. On a $50 or less coin you will always appear to lose by a dollar regardless of the actual high bid. |
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Pillar of the Community
United States
7123 Posts |
Show us one of the ended auction which you have played this game with .
If at anytime you were the high bidder on any of these auctions I agree with snowman ,,its a game that is costing other collectors to spend more for a coin they actually need for their collection than they maybe would have had to pay had they not been an unwitting participant in your game .
Metalman
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Pillar of the Community
United States
1840 Posts |
acidic1 - Sorry, I intended no offense by my comments. I just wanted to point out that, without your second place bids, another collector would be paying less for that coin. If the shoe were on the other foot, I doubt that you would thank the guy that cost you another $10-20.
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Replies: 29 / Views: 4,284 |
Posted 10/27/2007 9:21 pm
