Proof Morgan?

I am not bidding on this 1880 PF63 CAM

Here is a proof 63 CAM on Teletrade. Right now the bid is $2,300.

http://www.teletrade.com/coins/lot.asp?auction=3060&lot=1379&imagetype=j2

Wouldn’t it be interesting if the Teletrade computer bids it up to $3,000 & then lists it as "not sold" tomorrow.

 

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It may not be proof or PL, but it's a shot for 64, even if it comes in at 63, it's a great deal for $50.

 

It is after 9:00 EST. The bid is now up to $2,800 and the next bid will be $2,900.

 

Unfortunately probably neither proof or PL

 

How exactly does this work? Does the computer run up the bids?

 

They say somewhere in their rules that they have the option to bid on their own coins & on behalf of their consignors (or something like that). I think I'll post a new thread so the CT folks can all comment.

 

Not bidding their own coins up... they just use a "bidder number" that they control in their system to set the reserve as specified by the consignor.