Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Auctions are a double edged sword.
>
Reply to Thread
Message:
<p>[QUOTE="Detecto92, post: 1472773, member: 75105"]I am willing to start this thread on this note: I'm not complaining, but seeking opinions. </p><p><br /></p><p>I don't mind spending a few dollars extra on an item at at auction. I've sat there for 2 hours, and a few bucks means not going home empty handed.</p><p><br /></p><p>However, there is a line drawn, I am not going to give $17.50 for a junk Franklin half dollar. I can get one from the B&M coin shop for $12. </p><p><br /></p><p>Sure, I might pay $14 for one, but $17.50 is excessive.</p><p><br /></p><p>But here is the catch 22.</p><p><br /></p><p>If I go to an auction, I usually end up paying more, but if I don't go, those people who outbid me, now get the coin cheaper, and I don't get any coins.</p><p><br /></p><p>So if I show up, I now have to pay more, if I don't, I get nothing.</p><p><br /></p><p>So now I have an idea.</p><p><br /></p><p>I am a firm believer in "fair share". People usually get their fair share of coins at auctions, but by making others pay for them. </p><p><br /></p><p>If I run people up, I made them pay more. I don't really feel right doing that. Then if I want something, I have to pay more. In the end, do you really win? Not really.</p><p><br /></p><p>My idea is to befriend people. Get to know the common buyers at auctions. </p><p><br /></p><p>If people are willing to share, then they will allow me to buy a few items, they will not bid against me on it. If they want a few items, I will not bid against them on it. </p><p><br /></p><p>That way, each person gets a "fair share" at a lower price, without fighting over it.</p><p><br /></p><p>Now you may be wondering, how will this work for me?</p><p><br /></p><p>Well let's say you go to an auction, and there are 30 liberty nickels. Common ones, all worth about the same price. </p><p><br /></p><p>Let's say 3 people are interested in them.</p><p><br /></p><p>They sell them each at a time. Buyer 1 bids 2 dollars. Buyer 2 bids 5.</p><p><br /></p><p>Buyer 3, now bids 8 dollars. This is the realistic price they are worth (just a figure).</p><p><br /></p><p>Buyer 3 takes all nickels at 8 dollars each. Buyer 1 and 2 are now empty handed. </p><p><br /></p><p>But, let's apply my idea to this.</p><p><br /></p><p>Buyer 1, 2 and 3, know each other. They each agree they want 10 nickels. They each bid 2 dollars, and each person takes home 10, at 2 dollars each.</p><p><br /></p><p>Each buyer got something, each buyer paid less. </p><p><br /></p><p>Buyer 3 may have wanted more, but by allowing others to take "their fair share", he was now going home with 10 nickels bought for 2 dollars each. </p><p><br /></p><p>If buyer 3 wanted all the nickels, as going by the previous scenario, he would of paid 8 dollars each for them. </p><p><br /></p><p>However by my idea, he got only 1/3 the amount he wanted, but he got them cheaper too. </p><p><br /></p><p><br /></p><p>This is my idea anyway. Why should people end up fighting over stuff, and over paying?[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1472773, member: 75105"]I am willing to start this thread on this note: I'm not complaining, but seeking opinions. I don't mind spending a few dollars extra on an item at at auction. I've sat there for 2 hours, and a few bucks means not going home empty handed. However, there is a line drawn, I am not going to give $17.50 for a junk Franklin half dollar. I can get one from the B&M coin shop for $12. Sure, I might pay $14 for one, but $17.50 is excessive. But here is the catch 22. If I go to an auction, I usually end up paying more, but if I don't go, those people who outbid me, now get the coin cheaper, and I don't get any coins. So if I show up, I now have to pay more, if I don't, I get nothing. So now I have an idea. I am a firm believer in "fair share". People usually get their fair share of coins at auctions, but by making others pay for them. If I run people up, I made them pay more. I don't really feel right doing that. Then if I want something, I have to pay more. In the end, do you really win? Not really. My idea is to befriend people. Get to know the common buyers at auctions. If people are willing to share, then they will allow me to buy a few items, they will not bid against me on it. If they want a few items, I will not bid against them on it. That way, each person gets a "fair share" at a lower price, without fighting over it. Now you may be wondering, how will this work for me? Well let's say you go to an auction, and there are 30 liberty nickels. Common ones, all worth about the same price. Let's say 3 people are interested in them. They sell them each at a time. Buyer 1 bids 2 dollars. Buyer 2 bids 5. Buyer 3, now bids 8 dollars. This is the realistic price they are worth (just a figure). Buyer 3 takes all nickels at 8 dollars each. Buyer 1 and 2 are now empty handed. But, let's apply my idea to this. Buyer 1, 2 and 3, know each other. They each agree they want 10 nickels. They each bid 2 dollars, and each person takes home 10, at 2 dollars each. Each buyer got something, each buyer paid less. Buyer 3 may have wanted more, but by allowing others to take "their fair share", he was now going home with 10 nickels bought for 2 dollars each. If buyer 3 wanted all the nickels, as going by the previous scenario, he would of paid 8 dollars each for them. However by my idea, he got only 1/3 the amount he wanted, but he got them cheaper too. This is my idea anyway. Why should people end up fighting over stuff, and over paying?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Auctions are a double edged sword.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...