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<p>[QUOTE="wxcoin, post: 8092041, member: 74624"]I find the comments interesting here about everyone's bidding strategy. I hope some of you don't take some of my comments personal since I'm not trying to insult anyone. In general, who cares if someone makes a reasonable bid days in advance rather than a low one. There is probably at least several people out there that's smart enough to know the coins real value and have a max number already in mind that they are willing to bid. I only collect US coinage so I mainly bid on slabbed coins; I've been burned too many times on raw details coins. So for those who collect foreign/ancient coins things may be different. Who cares if a couple "amateurs" go nuts and go on a bidding frenzy. It's their money and eventually will learn their lesson if they bid way over market price. It's human nature to want a bargain but I'm sure the seller also wants a fair price. For the most part, I think auction prices reflect the market. Usually, "make an offer" coins have prices that don't reflect the market and I usually stay away from them. Once in a while I'll make an offer based on recent auction prices. Almost always the seller rejects those offers.[/QUOTE]</p><p><br /></p>
[QUOTE="wxcoin, post: 8092041, member: 74624"]I find the comments interesting here about everyone's bidding strategy. I hope some of you don't take some of my comments personal since I'm not trying to insult anyone. In general, who cares if someone makes a reasonable bid days in advance rather than a low one. There is probably at least several people out there that's smart enough to know the coins real value and have a max number already in mind that they are willing to bid. I only collect US coinage so I mainly bid on slabbed coins; I've been burned too many times on raw details coins. So for those who collect foreign/ancient coins things may be different. Who cares if a couple "amateurs" go nuts and go on a bidding frenzy. It's their money and eventually will learn their lesson if they bid way over market price. It's human nature to want a bargain but I'm sure the seller also wants a fair price. For the most part, I think auction prices reflect the market. Usually, "make an offer" coins have prices that don't reflect the market and I usually stay away from them. Once in a while I'll make an offer based on recent auction prices. Almost always the seller rejects those offers.[/QUOTE]
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