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Ebay - Sellers Can Bid Their Own Coins?

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bobby131313's Avatar
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 Posted 08/30/2021  10:51 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
I can not believe ebay allows this


Allows what? People spending money?
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KenKat's Avatar
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 Posted 08/30/2021  11:36 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply

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KenKat, I understood you correctly that you offer to place a bid immediately (even if the auction is still 6-7 days away) but put your maximum and wait for the end. So there is an opportunity to buy cheaper ?


No, I only bid in the last few seconds. If the current price is $35, I will put in a bid of $60 with seconds to go in the auction if that's what ai am willing to pay. If the person winning at $35 had a maximum bid of $50, I get it for the next increment (say $52.50). Or $37.50 if no one else bids higher.

If someone bids $70, they wanted it more than me so they win.
Edited by KenKat
08/30/2021 1:51 pm
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Conder101's Avatar
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 Posted 08/31/2021  11:02 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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I saw a IKE going for $2400 . nothing special just good money . saw a SBA dollar at $500. I can not believe ebay allows this,

Not allow ebay to do what? Allow people to ask whatever they want for their coins? Not allow people to spend their money however they want? Who made ebay the arbitrator on what prices should be or how much people are allowed to bid?

If seller sets too high a starting price they typically won't get any bids. If people ARE bidding will over the market price, it isn't my job, or ebay's to protect them from their own ignorance. If you are going to go spend your hard earned money on something, you should have some idea what the market value is first.
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BigSilver's Avatar
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 Posted 08/31/2021  11:35 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
There was a recent news article that ebay suspended the largest card seller on the platform due to alleged shill bidding. So, it is definitely a thing and definitely against the rules.
But, I would like to clarify, the real shill bidding is when you drive up a price of your item (or your friend's item on their behalf) and DON'T win it. It is the art of knowing how high the highest bidder is willing to go (or has already put in a max bid for) and then making them pay the closest to that amount. Sometimes, accidentally, you will win the auction, and in those cases, there is a small side benefit to the shill bidding. That is the recorded sale of that item at a higher price. But, that is not the intended benefit.
To be clear, I would not and have not engaged in such activities. The mere fact that they are against ebay's policy, which you agreed to by selling on ebay, makes it unethical.
I struggle to define, though, what is the real issue with it. If a person bids $100 on an item that is worth $75, that is really their problem. Nobody can force you to bid more than you want to. I lose auctions all the time to people who bid higher than I did. I don't allow that to change my max bid willingness. I am willing to pay what I determined the value of the item to be.
I think though, that the unethical part is that you are misrepresenting your item by calling it an auction. Auction implies that you are willing to sell it for whatever price it settles at. If you call something an auction and then drive up the price that seems dishonest.
Again, it is sufficiently wrong on account of ebay's policy and I would never engage in such behavior. But, defining the ethics for me is an exercise is moral introspection.
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bobby131313's Avatar
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 Posted 08/31/2021  1:09 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Heritage, many years ago, used to do it right out in the open. They had a bidder on the floor complete with a Heritage name tag.
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