For the folks who work the auctions, would you care to share how you arrive at your maximum bid target? For example: I take the bluesheet bid and add 5% and go no higher . . . Thanks!
By checking realized auction prices and then determining if the coin in question is worth that much, or more, to me.
I usually look at ebay sold items and Heritage or Teletrade (or both). If it's a coin I'd like to have but feel that I can easily get along without, I take the avg sale price and go about 5% below it. If I'm really determined to get the coin, I go as much as 15% over and then snipe it on ebay, or place my bid on Teletrade or Heritage. I don't very often win in either case.
Yep - that is what I do. Of course on some of the rarer or harder to get varieties it can be a little more complicated on determining that final bid price.
According to ebay: Just keep bidding higher until you win! Winning an auction provides a thrill like no other, so don't kill your buzz by worrying about whether or not you're bidding too much!
If a coin is listed by the greysheet, then I compare that price to the one in Coin Values. I take the average of the two and that's my max bid. If the greysheet doesn't list the coin (like a Jefferson nickel) and the coin is common, then I search the completed auctions on eBay and using common sense arrive at a reasonable bid. Plus I check PCGS and NumisMedia just to be sure. If the coin is pricy, then I start checking auction sites such as Teletrade also.
