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<p>[QUOTE=&quot;dougsmit, post: 2544379, member: 19463&quot;]This is just a side feature of the new style bidding where absentee biders can change their bids a second before closing knowing what the high bid was 2 seconds before.&nbsp; There was a time we filled out a bid sheet with bids for the lots we found of interest and mailed it in not knowing if we would be successful on one or all.&nbsp; Some dealers would allow you to set a buy limit and stop executing bids when you had been successful to that level.&nbsp; I just found my bid sheet for the Fall 1990 NFA Mail Bid Sale.&nbsp; On it, I bid on eight lots with bids totaling $1000.&nbsp; Then I drew a line and bid on 22 more lots with the instruction that those bids were only to be executed until I had bought a total of $1000 (my limit for that sale).&nbsp; I ended up buying five coins from that sale.&nbsp; One was from the top list and four were from the bargain hunter add ons.&nbsp; NFA honored my bids.&nbsp; I ended up paying only $750 since my bids on the other 17 lots were losers.&nbsp; I am amazed I got what I got and that they put up with me.&nbsp; Looking back, I would have been upset if I had bought the whole $1000 worth and had to leave behind other winners but $1000 was a lot of money in 1990 (as it is today) and I feared success.</p><p><br /></p><p>I preferred the concept of bidding once and the high bid winning without having someone saying that if someone was willing to pay $100, they would go $105.&nbsp; Some sellers would still reduce bids to one level above the second bid but the ones that did not would sometimes have bid sheets with a box to check if you were willing to raise that bid by some stated percentage.&nbsp; All this went out of style with Internet bidding and people with phones bidding on lots they had no intention of buying.&nbsp; I&#039;m sure the total realization increased when bidding frenzy expanded from the sales room to the world wide web. </p><p><br /></p><p>Below is the one coin from NFA Mail Fall 1990 (an as of Julia Domna).&nbsp; It was $125 +10% (the then exorbitant buyers&#039; premium level).&nbsp; I still enjoy all the coins I got in that sale.&nbsp; I should have bid higher on some of the loser lots. </p><p>[ATTACH=full]545717[/ATTACH][/QUOTE]</p><p><br /></p>

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