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<p>[QUOTE=&quot;-jeffB, post: 1922876, member: 27832&quot;]Again, <i>placing a bid on an item conveys information to other bidders</i>. By sniping, you can keep your cards close to your vest.</p><p><br /></p><p>If you saw an auction titled <a href="http://www.ebay.com/itm/281334465834?_trksid=p2059210.m2749.l2649&amp;ssPageName=STRK%3AMEBIDX%3AIT" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/281334465834?_trksid=p2059210.m2749.l2649&amp;ssPageName=STRK%3AMEBIDX%3AIT" rel="nofollow">$4.00 FACE IN SILVER LOT</a> with a starting bid of $85, and no bids, would you even bother to look at it? Probably not. If it had three or four bids, and was at $122, would you take a second look? Probably so. But, because I and most of the other bidders waited until the last minute, you wouldn&#039;t have had time.</p><p><br /></p><p>I imagine that, if we&#039;d all placed our bids a day or so ahead of closing, this auction would have gone considerably higher. Even if that 1898-S half in the foreground is only XF details, it&#039;s still easily a $150 coin; it may well make AU. I set my <i>snipe</i> accordingly, and won it for considerably less than I was willing to gamble.[/QUOTE]</p><p><br /></p>

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