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<p>[QUOTE=&quot;Herodotus, post: 4998388, member: 111387&quot;]On a somewhat related note...</p><p><br /></p><p>Not having deep pockets, and being a bargain hunter, I primarily hope to pay somewhere near(or below) the low-end of the avg. market-value range of coins.</p><p><br /></p><p>This means that I miss out on coins a lot of the time to those with deeper pockets, or those willing to pay at the higher end of the avg. market-value range.</p><p><br /></p><p>However, on some occasions, there have been times when I&#039;ve decided that I&#039;ve really wanted to win an auction lot, albeit for a reasonable amount/within avg. market-value range.</p><p><br /></p><p>Not knowing what the lot may actually fetch, I&#039;ve given thought that a reasonable amount represents a single increment bid above the next highest bidder -- with the thinking that there&#039;s at least one other bidder that agrees on the value(to them).</p><p><br /></p><p>So, how about throwing out a random high number to secure the lot?</p><p><br /></p><p>A &#039;nuclear bid&#039; so-to-speak.</p><p><br /></p><p>Problem is, what if another bidder employs the same &#039;nuclear bidding&#039; strategy for the same lot?</p><p><br /></p><p>If I win, I may be stuck way overpaying for a lot.</p><p><br /></p><p>For me, even if I really want something, my enjoyment can be affected if I feel that I&#039;ve way overpaid.&nbsp; I&#039;m of a frugal nature.</p><p><br /></p><p>So, I&#039;ve avoided going that route when (proxy or timed-auction/AKA snipe) bidding, even if the risk is to lose a lot that I really want.</p><p><br /></p><p>I&#039;ve lost a fair amount of lots as the under-bidder, kicking myself that I would have been willing to pay the next increment, but not knowing how much more would have been necessary to actually secure the lot.</p><p><br /></p><p>Perhaps the under-bidder in your auction was a random &#039;nuclear bid&#039;?[/QUOTE]</p><p><br /></p>

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