http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=142222722911&rt=nc&_trksid=p2047675.l2565 If this is the listing, it isn't far from the actual auction records off of eBay for it.
If the coin I linked is the correct one (I think it is), the bidding isn't that outrageous based on actual auction records.
Yeah, it's still b/n wholesale and retail and it's a pretty nice looking coin on a casual glance. ...and in came the snipe bid at 185 now. who was it?
Aren't many of those bids automatic? Meaning one person put their set amount and then someone kept bidding trying to outbid them for the auction.
At 04:34:34 on the 8th, t***t put in an overbid. O***c, who's done this before, approached that person's overbid in $5 increments until he reached his personal limit and then walked away. I see nothing odd here.
He was trying in vain to outbid someone that had set a higher maximum bid. Ebay will automatically bid on behalf of a person who set a higher max bid, him bidding over and over was to try and take control of the auction. It only shows the max bid of t***t as but if you look before that amount shows up, it shows tons of automatic bids even though his max bid appears much later when the threshold was reached. Member Id: t***t( 659) US $183.27
It's a working strategy because the overbidder likely put his best number in to begin with, and most of them do not bid again once they're surpassed. So, you approach their bid carefully, and the moment you exceed it (and become the high bidder) you stop. If you have not reached your own limit at that point, you then put in an overbid of your own to your personal limit, but Ebay doesn't show that because you can't bid against yourself. I've done it.
I think the only odd thing is why t***t started a few hours before the end of auction rather than waiting to snipe at the end (like the winner did). Maybe he just had a prior engagement and could not be online for hammer.
How hilarious, I just won some coins tonight from this exact seller. A week ago I put in my max bids, which to me weren't much. I won all 4. I did not expect that at all. 3 of the 4 auctions ended right on my max bid.
No way. An 11 cent piece is worth at least a $1M. No way I would be selling one for a mere $188.50. Lol.
