Nice Ebay snipe!!

Topher,

Dutch auctions are great if one knows how to use them and you obviously do. Problem is so many don't. I have my lone negative feedback on ebay because a guy did not know how a dutch auction worked. It was MY dutch auction.

Here's the scoop on a smaller dutch auction. If someone has 10 lots available bid on NINE of them at the last minute. Bidding on all ten will raise the price - letting the 10th go will give you the price of the SECOND highest bid for your NINE auctions.

To put it in numbers: If there are 10 lots and the current price is $5.00. Bid on 9 lots at say $6.00 if that's what you are comfortable with and would pay. If no one else raises the bid ON ALL OF THE LOTS you will get your 9 lots for $5.00.

It can work as long as someone that does NOT understand them comes in and bid over $6.00 on ALL ten lots. I've seen a lot of people do this unfortunately and ruin a good deal for everyone themselves included.

It's a game and one needs to know how to play it.

 

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There are still good deals on silver to be had out there folks. At the Tri cities Coinshow that Clembo and I attended on Sunday I was able to purchase circulated Morgan Silver dollars for $10 each. That is less than melt value. And today at work i snuck some time on the computer and was able to grab some silver dimes for less than 8X face!

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=280157634287&ssPageName=STRK:MEWN:IT&ih=018

 

gopher;
Not bad, 7.752 X face, including postage.
Very good deal.

 

thats a pretty nice grab. i'm suprised more people didn't see that and bid! oh well, yours now! :high5: