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Author	Replies: 3 / Views: 1,233
texasmick Pillar of the Community United States 751 Posts	Posted 11/20/2006 11:10 pm A few days ago, on the subject of sniping, a member posted something that caught my eye. He said that with sniping programs, it doesn't matter when the auction ends--day or time--because you don't have to be at the computer to compete. I've been ruminating on that, and I thought I'd ask for opinions on the subject. Before I share mine, I'll make two points. First is the obvious point that you can enter your max bid into ebay and never look back; even without a sniping program, you don't need to sit at the computer waiting for the auction to end. But this thread isn't about sniping programs. Second, my experience is rooted in silver coins (quarters and halves, mostly) that sell for less than $10. I know enough to know that auctions for high-end coins and especially Morgans follow different patterns. What I have observed is that it most certainly does matter when an auction ends. To wit, an auction ending Saturday evening can start under a dollar and end absolutely anywhere. But the same item ending at 4 am on Tuesday best have a higher start price, because there just aren't as many bidders looking for, say, 10 Mercury dimes at that time. I have ebayed most weekends since May and I have noticed a consistent pattern: I frequently get shut out or nearly so on Friday night and Saturday, but I frequently win two dozen auctions on Sunday using the same bidding rules. And it's not because there are more auctions that meet my criteria on Sunday. On the contrary, I would say Saturday evening is the busiest. So, any opinions or observations? Report this Post to the Staff

Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 11/21/2006 12:35 am well, when you enter your bid into ebay there are people that may want the coin but only want to bid just enough to outbid the high bidder, and they will keep on bidding until they do out bid them even if the high bid was higher than they were initially wanting to pay so their final bid (that beat you) would be higher than the bid they would have placed if your bid wasn't in place. The reason prices seem to go higher (on the cheaper coins) on the weekends is because more people are at the computer and there to bid, when it comes to higher grade coins most people use snipers and it doesn't really matter when the auction ends, sure there may be a few more bids on the item if it ends on the weekend but chances are the final ending price will be the same because there will be atleast 2 people with snipes on it that would have been the high bidders anyway or atleast enough to get who ever is the high bidder at the time the ebay auction ends to bring their bid up to surpass the snipers bid. What I am trying to say with my first responce to your first question is it cuts out the chance of being in a bidding war with someone that just keeps on bidding until they get it (like everyone says, "I got outbid by 0.50, if I knew that I would have raised my bid") hope that makes sence Edited by Bryan1315 11/21/2006 12:41 am Report this Post to the Staff
ageka Pillar of the Community Belgium 2078 Posts	Posted 11/21/2006 07:41 am I have been touring three or more ebays for 3 years now First newby buyers probably never have been sniped ; they will put in their maximum thinking ebay will advice them of an higher bid It is important as a bidder not to wake them up but to snipe Second seasoned bidders have two strategies marking the coin at 1 or 2 euro and sniping or slugging it out on occasions These guys can easily be analysed as bottom fishers or country collectors or proof collectors etc Three ; slugging it out only happens about 5 % of the time and is costly and it only helps to have bottomfishers Fourth ; very few sellers seem to realise it is the second non winning bidder that makes the price As to days of bidding I have no preference but 8 to 9 pm are my preferred times Report this Post to the Staff
Morgan Fred Rest in Peace United States 2684 Posts	Posted 11/21/2006 7:20 pm Since I sell both Boy Scout memorabilia which usually goes for way under $10 and coins which usually go way over $10, I see the sales date in both perspectives. I've found middle-of-the-week endings for 7-day (occasionally 5-day, rarely 10-day) auctions aren't as successful as those which end on a weekend. I attribute this to the increased numbers of people attracted to my auctions since parts of two weekends are covered. I'm operating on the presumption that more people, like Bryan stated are at their computers on weekends than on weekdays. I also agree with the notion that for high end coins, it may not matter when the auction ends. Most collectors going after coins worth many hundreds or thousands are gonna be fairly ebay savvy and will find these auctions through Favorite Searches email notifications or routine (for the buyers) searches for the particular coin I'm selling. While some may place open bids, most of my coins are won by last second snipes. Fred Report this Post to the Staff
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