Ever fed the sharks in a bidding war?

Discussion in 'US Coins Forum' started by Barney McRae, Aug 17, 2026.

  1. The Half Dime

    The Half Dime Arrows!

    in that case, you will get a pm/dm when i list a really nice icg morgan on the bay ;)

    In slight seriousness, it'll still be several months before I try Ebay (I'll be 18 in March), but when I do, if I have Morgans like this, I'd likely try to list them under the Buy it Now listings to avoid possibly losing money, but I would sometimes experiment with certain coins to see how the bidding goes.

    You might have actually helped a fellow CoinTalker by shark feeding on that coin, granted they might not have posted for a while but there are a ton of members.
     
    -jeffB likes this.
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  3. Barney McRae

    Barney McRae Supporter! Supporter

    You are only 17? I thought most of us were as old as Fred Flintstone.:p There's a few ways to go if you are selling. If you don't have any street cred or rating yet, I'd start with BIN. Then dip your toes into auctions with a reasonable reserve. The $1 starting bidding prices get the best bidding action, but you need a reputable reputation and a solid selling history. PM some of these other guys for advice, many are dealers. I'm just a buyer. I've sold exactly ONE coin, and it was to a coin shop in person. They "deserved it". And that's a story for another day.:p:D
     
    mark_h and -jeffB like this.
  4. mark_h

    mark_h Somewhere over the rainbow

    Have you ever done it on like heritage live? I did one time I thought I was going to get a coin cheap. I was high all the way up to bidding time. I was outbid as soon as it opened - so I bid again. Immediately outbid - then another bidder jumped in and those 2 ran the coin up another $100. It paused almost to last call - then I put in a bid (and tapped out) then other two went at it till it was more than I expected. It was fun watching that bidding war.

    On ebay you knew they were watching when you went up 1 dollar and just minutes or seconds later you were outbid. We are not even talking last second bids. So then you bid again - and get outbid again. I did this several times for american eagles when you could get MS69's for like 20 to 30 dollars. Back then it was lots of fun.
     
  5. Barney McRae

    Barney McRae Supporter! Supporter

    I was going to bid on a nicely toned common Morgan a few weeks ago that was still reasonably priced. It was one of their "eye candy" auctions. I had not completed the sign up process and had forgotten my old log in. I got frustrated and gave up in the process of getting verified.
     
  6. mark_h

    mark_h Somewhere over the rainbow

    LOL - thats why I use a password program to store them. I only have 1 password to remember. The problem is I will not use it on my phone. So if I need something on my phone I have to look it up in the vault.
     
  7. The Half Dime

    The Half Dime Arrows!

    Sometimes I feel as old as ol' Fred Flinstone. Today, though, I felt really good and took a trip to one of my 2 favorite coin shops.

    I'll definitely take the Ebay advice you gave me - sounds like it's really good. I'll likely try advertising on social media as well, possibly Facebook, Instagram, Twitter/X, or something along that nature.
     
  8. Barney McRae

    Barney McRae Supporter! Supporter

    I see stuff being sold on Facebook, there are several coin groups. I will never buy from there though because of all of the scammers. It's as dangerous as Craig's List unless you can see them in person before paying. A buyer really has no protections at all.
     

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