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<p>[QUOTE="robp, post: 7875669, member: 96746"]I'm not so sure the deviation of winning bids from a max will be that great assuming you haven't placed a significantly excessive bid. You stated earlier that you got a lot at a price equal to a previous win at max. You had in your mind what that coin was worth and bid accordingly. A modicum of research will tell you what the price guides say for a given coin too. i.e. most people bidding will have a pretty good idea what a coin should go for, and so the range of top bids for a majority will be in a fairly narrow window. The real alarm bells should sound if you put in an unrealistically high max bid of say several multiples and it hammers at that level, because the competition is likely to be only one person, or possibly two. At the pocket change level of a few hundred, there will be many, many more potential bidders, leaving limited downside in the final price.[/QUOTE]</p><p><br /></p>
[QUOTE="robp, post: 7875669, member: 96746"]I'm not so sure the deviation of winning bids from a max will be that great assuming you haven't placed a significantly excessive bid. You stated earlier that you got a lot at a price equal to a previous win at max. You had in your mind what that coin was worth and bid accordingly. A modicum of research will tell you what the price guides say for a given coin too. i.e. most people bidding will have a pretty good idea what a coin should go for, and so the range of top bids for a majority will be in a fairly narrow window. The real alarm bells should sound if you put in an unrealistically high max bid of say several multiples and it hammers at that level, because the competition is likely to be only one person, or possibly two. At the pocket change level of a few hundred, there will be many, many more potential bidders, leaving limited downside in the final price.[/QUOTE]
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London Coins-- another suspicions of shill bidding thread
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