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<p>[QUOTE=&quot;Breakdown, post: 942071, member: 19532&quot;]While Mike (Leadfoot) is correct that the &quot;bids&quot; may just be running it up to the reserve and not represent actual bids, David Lawrence&#039;s system is also a bit confusing to the unitiated. A David Lawrence auction will typically show &quot;2 bids&quot; and indicate that the reserve will be met on the next bid. I suppose at least on DL you know what the reserve is, whereas you don&#039;t know for sure on Teletrade. </p><p>&nbsp;</p><p>Simple solution of course is only bid what you are willing to pay for the coin.</p><p>&nbsp;</p><p>As for the coin in question here, my guess is the consignor accidentally entered the wrong &quot;reserve&quot; when he inserted his pre-auction bid. I doubt it is deceitful on the seller&#039;s part since he will have to pay Teletrade a 5% buyback fee.[/QUOTE]</p><p><br /></p>

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