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 Replies: 19 / Views: 2,427 |
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Pillar of the Community
United States
1613 Posts |
While scrolling through the listings searching for two missing PCGS MS65 West Point quarters to complete my set I came across this one. https://www.ebay.com/itm/155447435790Two people are in a bidding war on a coin when multiple specimens are listed further down the page at a buy it now of $33.95 with free shipping by the same seller and in the same holder. Why on earth would anyone bid nearly ten dollars over that amount, assuming the auction closes where it stands? Do some people really bid on the first thing which pops up without any hint of looking and comparing? And this is not the only MS65 listed well below what these two knuckleheads are bidding. Go figure. Anyone?  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
03/15/2023 9:26 pm
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Pillar of the Community
 United States
5765 Posts |
I'm not sure if the "V75" privy mark accounts for the excess.
I wouldn't really consider it a bidding war since one guy set a max bid and the other bidder looks like they are just running it up $2 at a time.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Valued Member
United States
282 Posts |
I have had people do this to me. They bid in small amounts to outbid me and become the high bidder. I just go the the next auction of the same item and bid on it. Most of the time I win the auction for less than what I bid on the first item.
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Bedrock of the Community
United States
24878 Posts |
Ballyhoo, I've seen this many times on ebay. When I bid on a coin, I've already bookmarked the BIN sales, and step away from the auction when they hit that price. Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
2280 Posts |
Why on earth would anyone be buying these quarters in the first place?  You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Bedrock of the Community
United States
94367 Posts |
What a country!  |
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Bedrock of the Community
United States
19108 Posts |
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Moderator
United States
54280 Posts |
Sold for $43
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
187446 Posts |
I have to assume sometimes they just want the "win" more than the coin.  |
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Pillar of the Community
United States
1373 Posts |
It appears that there is still some firewood left in the W-Quarters fire. I'll be waiting until there are just some glowing ambers left to get the ones I need.
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Valued Member
United States
217 Posts |
The "V75" privy mark is on all of the 2020 W mint quarters so wouldn't account for the boost.
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Moderator
United States
15381 Posts |
Some people just have too much money and not enough sense.
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Valued Member
United States
425 Posts |
Never underestimate the STUPIDITY of the average person.
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Pillar of the Community
United States
2365 Posts |
Some folks just like to bid and win, values not withstanding. Have you ever purchased a coin at a higher price just because you liked it or perhaps needed it to complete a set? Who really knows what folks are thinking.
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Pillar of the Community
Canada
2781 Posts |
could also be a shill running up the buyer.
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Pillar of the Community
United States
3634 Posts |
Back when I was collecting modern commemoratives, I'd see that more often than you'd think. Same coin, same grade, same holder and the bidding would go higher than a buy-it-now listing from the same dealer.
I remember going with my Dad to tool auctions when I was a teenager. He was always on the lookout for good used tools for his workshop (he did industrial welding and fabrication after he retired from the Navy). It wasn't terribly uncommon to see bidding go higher on a used tool than what you could pay for the same exact tool new. I think sometimes people just get caught up in bidding action...
Edited by hokiefan_82
03/20/2023 12:49 pm
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Replies: 19 / Views: 2,427 |
Posted 03/15/2023 9:15 pm
