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<p>[QUOTE="ancient coin hunter, post: 6893204, member: 87200"]One of the things that worked in my favor in a recent auction was a string of very similar gold coins of a particular ruler. In the first few examples the bidding went to nosebleed levels, however since the presentation was sequential with 30 second intervals between hammer prices after maybe five coins of the same ruler the prices started becoming more reasonable. </p><p><br /></p><p>My theory is that the eager buyers used up all their powder bidding on the several of the early examples, and got fatigued by the time the six and seventh example was shown. So on the sixth example I noticed that the price with 10 seconds left was only 3x the opening minimum, so I pulled the trigger with 3 seconds left and ended up winning the gold piece for four times the opening minimum bid, which these days is almost a bargain.</p><p><br /></p><p>I may try this approach in the future but on the other hand it might have been a somewhat unique situation that will not be replicated in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="ancient coin hunter, post: 6893204, member: 87200"]One of the things that worked in my favor in a recent auction was a string of very similar gold coins of a particular ruler. In the first few examples the bidding went to nosebleed levels, however since the presentation was sequential with 30 second intervals between hammer prices after maybe five coins of the same ruler the prices started becoming more reasonable. My theory is that the eager buyers used up all their powder bidding on the several of the early examples, and got fatigued by the time the six and seventh example was shown. So on the sixth example I noticed that the price with 10 seconds left was only 3x the opening minimum, so I pulled the trigger with 3 seconds left and ended up winning the gold piece for four times the opening minimum bid, which these days is almost a bargain. I may try this approach in the future but on the other hand it might have been a somewhat unique situation that will not be replicated in the future.[/QUOTE]
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