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<p>[QUOTE=&quot;GDJMSP, post: 2742391, member: 112&quot;]It&#039;s pretty easy actually - </p><p><br /></p><p><br /></p><p><br /></p><p>- because not everybody sets their maximum bid, they set some number they pull out of the air just so they can beat the other guy with 1 more bid. And because in the closing seconds or fractions of seconds there are multiple users each using a sniping program and each one is trying to outbid all the others. Point being the bid may jump by several multiples all within the last second. There might be 50 bids placed in the last few seconds - by the programs.</p><p><br /></p><p>Jeff, over the years we&#039;ve had a quite a few stories related here on the forum where a member who wanted to win, basically no matter what, would put in a bid that was outrageous, never expecting the bid to get anywhere near the max he set. But because of the sniping programs competing against each other - it did. What I said about a coin that was only worth a couple hundred ending up costing a couple thousand - that was not an exaggeration.</p><p><br /></p><p>The true point I&#039;m trying to make with my comments is forget about ebay. It is a rare occasion that you cannot find a coin just as nice as the one on ebay for less money elsewhere. With all the sniping and nonsense that goes on it&#039;s just not worth it.</p><p><br /></p><p>Live auctions, where one person has to outbid another, they work, because it&#039;s a real person against a real person, with an auctioneer calling the win. They wouldn&#039;t work either (and by that I mean they&#039;d be just like ebay) if it was software programs doing bidding.[/QUOTE]</p><p><br /></p>

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