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<p>[QUOTE="GDJMSP, post: 1366952, member: 112"]I think that there might be more than you think Paul that use it something like making the starting bid $0.00 or $0.99. It's a come on, nothing more. They just want to get people involved, get people making bids, get people making offers. When all the time they have no intention of actually taking those offers unless they are a good bit higher than what is listed.</p><p><br /></p><p>To me it's kind of like auction catalogs when they provide their "expected" selling price. They know dang well the coin is going to sell for more than that expected price. But at the same time they also know that if they list in the catalog what they really think the coin is going to end up selling for - they will get far fewer people bidding on the item, and sometimes none - because those people then think the expected price is out of their range or more than they are willing to pay.</p><p><br /></p><p>People want bargains, not fair prices. And as long as they think there is chance they can get a bargain, they will participate. And sellers know that once they have started, once they have placed that first bid, that they will likely place additional higher bids in an effort to win.</p><p><br /></p><p>It's an effective marketing strategy, that's all.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1366952, member: 112"]I think that there might be more than you think Paul that use it something like making the starting bid $0.00 or $0.99. It's a come on, nothing more. They just want to get people involved, get people making bids, get people making offers. When all the time they have no intention of actually taking those offers unless they are a good bit higher than what is listed. To me it's kind of like auction catalogs when they provide their "expected" selling price. They know dang well the coin is going to sell for more than that expected price. But at the same time they also know that if they list in the catalog what they really think the coin is going to end up selling for - they will get far fewer people bidding on the item, and sometimes none - because those people then think the expected price is out of their range or more than they are willing to pay. People want bargains, not fair prices. And as long as they think there is chance they can get a bargain, they will participate. And sellers know that once they have started, once they have placed that first bid, that they will likely place additional higher bids in an effort to win. It's an effective marketing strategy, that's all.[/QUOTE]
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