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<p>[QUOTE=&quot;JvinAK, post: 6627234, member: 116945&quot;]Total rookie here, getting my feet wet in the world of ancient coins.&nbsp; I have tip toed into the auctions at CNG.&nbsp; Starting small, but I don&#039;t understand how the bidding works right as time expires.&nbsp; I have had the winning bid several times as time expires.&nbsp; Then after a few seconds, I find myself outbid and the winning bid to be several increments higher.&nbsp; So for example, time expires and I&#039;m winning at $150.&nbsp; A few seconds later, the lot comes up as closed, with a winning bid of $175 by somebody else.&nbsp; Since this happened a few times, I waited until I had a winning bid as time expired, and then discovered I was still able to bid and I outbid myself by an extra increment and ended up winning and being charged the higher amount.&nbsp; I have tried figure the answer to this by looking over CNG&#039;s website, but the answer isn&#039;t obvious, at least to me.&nbsp; Fundamentally, I don&#039;t want to be doing anything dumb and making repetitive rookie errors and if there is a strategy to this, I&#039;d like to know.&nbsp; Appreciate any answers/advice.&nbsp; Thanks.[/QUOTE]</p><p><br /></p>

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