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I finally bid in an auction for the first time ...
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<p>[QUOTE="SwendiCoin, post: 656589, member: 18768"]The auction was an interesting experience. I set my upper limit based on what similar coins sold for in previous auctions and from other web sites. By the way, this was Wednesday's Teletrade auction. What surprised me was that on each of the 10 coins I bid on, the bids blew past my limits with 3 to 4 hours left to go in the auction. And by blew by, I mean a coin that had previously sold in the range of $120 to $150 had bids in the $200's. Too much for me.</p><p> </p><p>What I don't understand is that after everything settled out, most of the coins disappeared from the listings. I think that means that the seller chose to buy back the coins instead of selling them to the highest bidder, but I'm not sure. Since they had been bid up so high in comparison with previous sales, I really don't understand. Is this just a case of a seller that has to get $100 for a $50 coin?[/QUOTE]</p><p><br /></p>
[QUOTE="SwendiCoin, post: 656589, member: 18768"]The auction was an interesting experience. I set my upper limit based on what similar coins sold for in previous auctions and from other web sites. By the way, this was Wednesday's Teletrade auction. What surprised me was that on each of the 10 coins I bid on, the bids blew past my limits with 3 to 4 hours left to go in the auction. And by blew by, I mean a coin that had previously sold in the range of $120 to $150 had bids in the $200's. Too much for me. What I don't understand is that after everything settled out, most of the coins disappeared from the listings. I think that means that the seller chose to buy back the coins instead of selling them to the highest bidder, but I'm not sure. Since they had been bid up so high in comparison with previous sales, I really don't understand. Is this just a case of a seller that has to get $100 for a $50 coin?[/QUOTE]
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