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 Replies: 18 / Views: 4,263 |
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Valued Member
United States
123 Posts |
I bid $20 on something, but someone else had a higher max bid, so I gave up and let him win it. After the auction was pretty well over, I receive a notification that "I" bid $22 on it and won. This has happened to me before. If I had a regular coin store, a physical one, near me I'd go there instead.  Does this happen to you also? |
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Bedrock of the Community
United States
10982 Posts |
Are you accepting the "Bid Insurance" or whatever they call it? I believe it automatically enters a higher bid if your bid to within one increment of another higher bid. Sounds like that's what is happening.
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Pillar of the Community
United States
7375 Posts |
Wow, I never heard of that, nor bid insurance. Will have to do some research.
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Pillar of the Community
United States
2189 Posts |
I am in the same boat as ED, I never heard of that happening. Are you on line and sniping at the end of the auction or are you using an auto program to bid for you?
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Valued Member
United States
265 Posts |
Wow has got me thinkin, this could go badly on an expensive item, that you have gave up on. For sure gonna do some research.
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Pillar of the Community
 United States
1949 Posts |
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Moderator
 United States
54283 Posts |
Quote:
Are you accepting the "Bid Insurance" or whatever they call it? I believe it automatically enters a higher bid if your bid to within one increment of another higher bid. Sounds like that's what is happening. There is no such thing as bid insurance. ebay does use "proxy bidding", where they will only use enough of your ENTERED BID to keep you winning (until someone else bids more than the amount you entered). However, this does not fit the situation here, because they said they never bid over $20. @benjamin, if you care to post the item number, we can look at the bid history and try to help you understand what happened. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Valued Member
 United States
123 Posts |
@nss-52. Here it is: 182051856536I resale these by the roll for a total of about nine-ten cents each cent, so buying them at 5.0 cents each when I sell often ten rolls at a time is a nice way to make some money for coins that I want to buy, such as Standing Liberty quarters, because each lot of ten would make revenue of $20. But there comes times when I end up not selling them, so I usually don't enter more than half of what I'm planning to make resaling them. But, ebay could fix that problem by entering $22.00 even though I didn't even want to buy it at $20 necessarily; I was glad to see that I was outbid. Then ebay notified me after the auction ended that I won. Overall $2 is nothing to me. The only thing that bothers me, like "Brushy Bandit" said three posts above, what if it's on a larger item? |
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Pillar of the Community
United States
7375 Posts |
If you look at the automatic bids in the bid history, ebay also had you at $20.50, $21.00, $21.50, and $22.00. I can't see how they could do that unless you had bid a max of $22. I'm not saying you did, but that's the only way that makes sense to me. |
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Valued Member
United States
123 Posts |
I know that's what it seems, but I absolutely did not have a max bid of $22. I rarely even use max bids.
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Pillar of the Community
United States
4596 Posts |
Did you use the app or the web? On the app there are buttons that are somewhat confusing. Several times I've seen myself seemingly prompted to raise the maximum bid by unclear buttons and text even though I'm the highest bidder...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Forum Dad
United States
24183 Posts |
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I know that's what it seems, but I absolutely did not have a max bid of $22. I rarely even use max bids. I don't understand this statement, every bid you put in is a max bid. |
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Pillar of the Community
United States
7375 Posts |
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I absolutely did not have a max bid of $22 Ok, I can revise my statement to say, "......unless you bid $22." ebay thinks you bid $22 with about 12 minutes left in the auction, so it's not like they changed it at the last second. That one other bidder just kept hitting the bid button until he got to $22, and stopped. According to ebay your bid of $22 was placed first Mar-12-16 17:47:37 PST, so you won the item. Maybe you don't consider that a max bid, but ebay does. Maybe it was a computer glich or something, so if it were me, I would just be darn sure I double check my bids in the future. |
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Rest in Peace
United States
17900 Posts |
Hopefully the explanations that were offered above will lead you to an answer. I've bought many thousands of items on ebay in the last 16 years, I use a sniper bidder for most of the higher end items, and have never ever had a single bid do something it wasn't told to do. For the example that you gave, I see no way that you didn't bid $22, perhaps simply hitting the 2 button one more time. I would love to hear if you come up with a solution that isn't so clear and simple. |
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Pillar of the Community
United States
7390 Posts |
I would be glad I didn't accidentally enter $220 Just call ebay and ask what they think happened |
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Bedrock of the Community
United States
10982 Posts |
I was mistaking Heritage for ebay. Heritage offers a type of "Bid Insurance" and ebay does not. My error. |
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Replies: 18 / Views: 4,263 |
Posted 03/12/2016 10:39 pm
