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<p>[QUOTE=&quot;19Lyds, post: 1457122, member: 15929&quot;]In case you can&#039;t intepret what has changed, which is apparent, Teletrade simply stated that there would no longer be any incremental bidding (by the system) up to the seller&#039;s buy back bid. A seller&#039;s buy back becomes the opening bid. The olkd method would have the system &quot;bid&quot; up to the sellers buyback bid making it &quot;appear&quot; that someone was actually bidding on the lot.</p><p><br /></p><p>&quot;........All bidding will now open at the opening bid or one bid increment below the &quot;<b>reserve</b>&quot; to increase bidding transparency.&quot;</p><p><br /></p><p>They did not say they were eliminating &quot;reserves&quot;. </p><p><br /></p><p>They did not say that they were starting all auction lots at $0.99. </p><p>Sellers still have the option (wisely) of setting a starting bid on the coins they consign. </p><p><br /></p><p>Might I suggest that you only participate in the Tuesday No Reserve Teletrade Auctions? That way, you can actually view the true bids.[/QUOTE]</p><p><br /></p>

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