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<p>[QUOTE="PlanoSteve, post: 2979210, member: 91609"]Well, the way I do it (if I'm looking for a very specific coin), is to evaluate the target as best I can, trusting the pics & assuming I have done my homework and know the "ballpark" value (to me), I just bid my max bid & let it ride! I really don't care if I could have gotten it for less (if I'm looking for a specific coin!).</p><p><br /></p><p>For example, let's say I want "coin X", & it's currently @ $30 with 2 days to go. After my personal evaluation, if I think it is worth $40 to me, I would probably put in a bid of $50 or $55. But I don't do this for every coin - only specific ones.</p><p><br /></p><p>As for coins in general, as a very eclectic collector, I don't worry too much about other bidders, because my max bid is always the max I am willing to pay for a coin I want. So after doing my personal evaluation (I have picked up some nice varieties & unattributed VAM's both raw & in slabs) I usually put in one bid I'm willing to pay & then let it ride. For example, if I think the coin will top out at $75, I may put in $85, & I'll be happy if I win at $85, but I usually don't get there.</p><p><br /></p><p>I can truthfully say that over my 50+ years of collecting, I've only had buyers remorse 2 or 3 times, & one time I paid $45 or so for a coin, which turned out to be 800% too much! But that's the learning curve!</p><p><br /></p><p>The one major thing I learned is that, when I don't win a coin that I really want, there are still many, many more options out there. So I am not bothered by it because I bid my max bid - there will be others![/QUOTE]</p><p><br /></p>
[QUOTE="PlanoSteve, post: 2979210, member: 91609"]Well, the way I do it (if I'm looking for a very specific coin), is to evaluate the target as best I can, trusting the pics & assuming I have done my homework and know the "ballpark" value (to me), I just bid my max bid & let it ride! I really don't care if I could have gotten it for less (if I'm looking for a specific coin!). For example, let's say I want "coin X", & it's currently @ $30 with 2 days to go. After my personal evaluation, if I think it is worth $40 to me, I would probably put in a bid of $50 or $55. But I don't do this for every coin - only specific ones. As for coins in general, as a very eclectic collector, I don't worry too much about other bidders, because my max bid is always the max I am willing to pay for a coin I want. So after doing my personal evaluation (I have picked up some nice varieties & unattributed VAM's both raw & in slabs) I usually put in one bid I'm willing to pay & then let it ride. For example, if I think the coin will top out at $75, I may put in $85, & I'll be happy if I win at $85, but I usually don't get there. I can truthfully say that over my 50+ years of collecting, I've only had buyers remorse 2 or 3 times, & one time I paid $45 or so for a coin, which turned out to be 800% too much! But that's the learning curve! The one major thing I learned is that, when I don't win a coin that I really want, there are still many, many more options out there. So I am not bothered by it because I bid my max bid - there will be others![/QUOTE]
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