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<p>[QUOTE="calcol, post: 2903699, member: 77639"]Have never bid on the wrong coin, but have overbid because of not doing my homework or made bad assumptions. Once bid and won a two cent piece that had a weak strike in one area of the obverse. The photos weren't that great and I assumed that the affected area was OK. Bad assumption!</p><p><br /></p><p>I generally avoid bidding live or even watching when coins that I have pre-bid come on the block. It's too easy to bid the wrong lot or overbid the correct lot. Generally wait until the session is over, then see how I did.</p><p><br /></p><p>There are exceptions: 1. have a max amount to spend in an auction but there are more coins that I like than the budget allows. If miss on initial coins, then immediately enter bids on remaining ones (but try to do so before they come on the block). 2. two or more nearly identical coins in a row and only want one. If miss with the first, need to bid live on subsequent one.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2903699, member: 77639"]Have never bid on the wrong coin, but have overbid because of not doing my homework or made bad assumptions. Once bid and won a two cent piece that had a weak strike in one area of the obverse. The photos weren't that great and I assumed that the affected area was OK. Bad assumption! I generally avoid bidding live or even watching when coins that I have pre-bid come on the block. It's too easy to bid the wrong lot or overbid the correct lot. Generally wait until the session is over, then see how I did. There are exceptions: 1. have a max amount to spend in an auction but there are more coins that I like than the budget allows. If miss on initial coins, then immediately enter bids on remaining ones (but try to do so before they come on the block). 2. two or more nearly identical coins in a row and only want one. If miss with the first, need to bid live on subsequent one. Cal[/QUOTE]
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