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I finally bid in an auction for the first time ...
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<p>[QUOTE="coinman0456, post: 658726, member: 18177"]Now I know for some this will sound like taking the thrill of bidding off the table.</p><p> Before you bid in any auction, be it coins, antiques or other collectibles, try this first.</p><p><br /></p><p>1) ask yourself," can I answer at lease five questions about this item, without having to go and research the answers? If yes, proceed to next step. If NO, STOP! NO BIDDING ALLOWED</p><p><br /></p><p>2) Is the item you are considering placing a bid on, worth the potential cost? In other words do you know the FMV (fair market value) of the item.</p><p><br /></p><p>3) Do you truly have a need for the item, or is it simply desirable?</p><p><br /></p><p>4) Is this item the best quality or condition you can afford?</p><p><br /></p><p>5) Should I refrain, and do some more searching before buying. Restraint is a lesson well learned early.</p><p><br /></p><p>Best wishes.[/QUOTE]</p><p><br /></p>
[QUOTE="coinman0456, post: 658726, member: 18177"]Now I know for some this will sound like taking the thrill of bidding off the table. Before you bid in any auction, be it coins, antiques or other collectibles, try this first. 1) ask yourself," can I answer at lease five questions about this item, without having to go and research the answers? If yes, proceed to next step. If NO, STOP! NO BIDDING ALLOWED 2) Is the item you are considering placing a bid on, worth the potential cost? In other words do you know the FMV (fair market value) of the item. 3) Do you truly have a need for the item, or is it simply desirable? 4) Is this item the best quality or condition you can afford? 5) Should I refrain, and do some more searching before buying. Restraint is a lesson well learned early. Best wishes.[/QUOTE]
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I finally bid in an auction for the first time ...
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