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<p>[QUOTE="Conder101, post: 994695, member: 66"]Not really, it can happen even among live bidders on the floor as well. I've seen it happen. The auction eer cals for an amount and someone raises his number but at the same time someone calls out and jumps the bid and the bidder doesn't get his card down fast enough and the auctioneer accepts his bid as well at an increment over the called out bid. Of course in that case the floor bidder and immediately inform the auctioneer of the error bid and it can drop back down to the called out bid. But the online bidder doesn't have that option until after the lot is knocked down to him at the high bid. I'm not saying this happens often, either live or online, but it DOES happen. Easy to fix in person, a sticky mess if it happens online.</p><p><br /></p><p><br /></p><p>That is when it is most likely to happen. The coin starts way too low so a LOT of people hit the "next increment" button, and someone on th floor doesn't want to waste time so they jump the bid to a more reasonable level. Even if no one jumps the bid if you get fifty people hitting the "next increment" button at the same time it processes them as they come in and if you are #50 you bid is going to be a LOT higher than what was showing when you pushed the button. If you have a thousand dollar coin and it opens at $100 and 50 people hit the button #50 is going to wind up being the high bidder at $3500 (Due to the fact that the increment rises as the bid rises)[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 994695, member: 66"]Not really, it can happen even among live bidders on the floor as well. I've seen it happen. The auction eer cals for an amount and someone raises his number but at the same time someone calls out and jumps the bid and the bidder doesn't get his card down fast enough and the auctioneer accepts his bid as well at an increment over the called out bid. Of course in that case the floor bidder and immediately inform the auctioneer of the error bid and it can drop back down to the called out bid. But the online bidder doesn't have that option until after the lot is knocked down to him at the high bid. I'm not saying this happens often, either live or online, but it DOES happen. Easy to fix in person, a sticky mess if it happens online. That is when it is most likely to happen. The coin starts way too low so a LOT of people hit the "next increment" button, and someone on th floor doesn't want to waste time so they jump the bid to a more reasonable level. Even if no one jumps the bid if you get fifty people hitting the "next increment" button at the same time it processes them as they come in and if you are #50 you bid is going to be a LOT higher than what was showing when you pushed the button. If you have a thousand dollar coin and it opens at $100 and 50 people hit the button #50 is going to wind up being the high bidder at $3500 (Due to the fact that the increment rises as the bid rises)[/QUOTE]
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