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<p>[QUOTE=&quot;jaceravone, post: 686909, member: 9474&quot;]Wiggam brings up a very good arguement.</p><p>&nbsp;</p><p>I guess I should state that I am not terribly upset by them pulling the auction as I make it out to be.&nbsp; I guess I am feeding into the hysteria of being ripped off again on ebay and fulling the OP&#039;s thread.&nbsp; </p><p>&nbsp;</p><p>I can&#039;t say that this is the first time this has happened to me nor will it be the last.&nbsp; I know why the seller pulled the auction..... because I was about to get a fairly expensive coin for 99 cents.&nbsp; Do I fault him for pulling the auction...NO (he probably paid a lot more than 99 cents to aquire this coin), but is this ethical??? That is the question that Wiggam poses. </p><p>&nbsp;</p><p>This is why ebay and other auction sites set up reserve prices so that stuff like this doesn&#039;t happen.&nbsp; Also, if the seller needed a minumum price for this item, then they should just start the bidding out at that price.</p><p>&nbsp;</p><p>Part of the psychology for starting an item out with no reserve and a low starting price allows buyers to feed into the bidding frenzy.&nbsp; I have this problem at our local coin club meetings where the auction person will start the bidding out at an items true value.&nbsp; But who wants to buy something for its really value, when you can get deals elsewhere for less?&nbsp; So what happens is that the auctioneer continues to lower the price on the item until someone finally bids on it.&nbsp; The crazy thing is that many times the item gets back to the original starting price or exceedes the original starting price of the item.&nbsp; This gets the auctioneer upset, but he just doesn&#039;t get the bidding nature of people.&nbsp; People want to fight and claw their way to victory.&nbsp; Whats the thrill in a kill, if it can be done in one blow?&nbsp; </p><p>&nbsp;</p><p>Anyway, enough rambling for me.&nbsp; The point I wanted to make was that I understand why the seller ended the auction and can appreciate that, but there are safety nets that allow sellers not to lose out on their investment.&nbsp; If you don&#039;t use those tools, then you should take the risk of loosing the item for less than you paid.[/QUOTE]</p><p><br /></p>

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