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Shill Bidding: How is it Detected?
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<p>[QUOTE="David Setree Rare Coins, post: 2979050, member: 74719"]I used to be in love with the greysheet but through experience have learned that it is, like all other price lists, it has some serious flaws.</p><p><br /></p><p>Shill bidding is very difficult to detect if it is done well. Other than eliminating real bargains, one will still get the coin if one's bid is near the market value of the item as the seller doesn't want to sell the coin to themselves.[/QUOTE]</p><p><br /></p>
[QUOTE="David Setree Rare Coins, post: 2979050, member: 74719"]I used to be in love with the greysheet but through experience have learned that it is, like all other price lists, it has some serious flaws. Shill bidding is very difficult to detect if it is done well. Other than eliminating real bargains, one will still get the coin if one's bid is near the market value of the item as the seller doesn't want to sell the coin to themselves.[/QUOTE]
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