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<p>[QUOTE=&quot;EyeEatWheaties, post: 1457812, member: 26972&quot;]I feel like quoting a whole bunch of posts in this thread but I won&#039;t&nbsp; I&#039;ll try to keep this simple.</p><p><br /></p><p>You guys who have been coin collecting all your life, obviously know a lot of things there are to know. You probably strive to know more.</p><p><br /></p><p>I&#039;d like to think that I have a wide variety of life experiences, Likely to be enough for several normal peoples lives. </p><p><br /></p><p>I need someone to tell me what EXACTLY happened to cause those lots I bid on to not be sold.&nbsp; You can&#039;t (at least not based on my best researching capabilities)&nbsp; and that is my point. I would like to know what happened. Shouldn&#039;t this be a common courtesy to any customer?&nbsp; Apparently by the tone of some the posts in this this thread, it is not, nor should it be expected, because this is how it is, and how it will always be, since is this what everybody else does. </p><p><br /></p><p>NEWSFLASH!&nbsp; wake up coin collectors. The rest of the world is not like this. They are mostly open for change. They find ways to improve. They strive to do better. They know there is room for improvement. </p><p><br /></p><p>I really don&#039;t care about all the various functions that consignors or the auction house have at their disposal. Why should I? I am a bidder, I decide if I want to bid or not, what else do I really need to know?&nbsp; Well&nbsp; it sure is helpful to know that they will not combine ship. What?&nbsp; I buy a bunch of little trinkets over a week at several auctions and they can&#039;t put them all in one box?&nbsp; Really?&nbsp; I digress, sorry. I have and do read terms. It&#039;s more about what is not in the terms in plain English. </p><p><br /></p><p><br /></p><p>So, back to the subject at hand.&nbsp; Someone tell me why those coins did not sell. Someone tell me (politely) why teletrade doesn&#039;t inform their customer of what happened automatically. Here are the sequence of events.</p><p><br /></p><p>I log onto Teletrade.</p><p>click on want list.</p><p>view items.</p><p>research previous buys of same coin&nbsp; (I have 6 others at same grade)</p><p>Fireup Terapeak to research eBay - </p><p>Didn&#039;t bother with HA since I have 2 of the same coin from them</p><p>I ignore skim TT past results. </p><p>note: I am only focused on one particular coin.</p><p>I enter my max bids.</p><p>3 days later - I get email regarding items closing that day.</p><p>I check amounts, research a little more decide they are OK</p><p>Time spent May 31st related to TT bids - roughly 1 hour</p><p><br /></p><p>OK = almost exactly 24 hours later I check closed results.</p><p>Lots did not sell.&nbsp; What?</p><p>I go back to Teletrade search <a href="http://www.teletrade.com/coins/help/howtobuy.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/help/howtobuy.asp" rel="nofollow">http://www.teletrade.com/coins/help/howtobuy.asp</a></p><p><a href="http://www.teletrade.com/coins/help/howtobuy.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/help/howtobuy.asp" rel="nofollow"><br /></a></p><p>Where else am I supposed to look?&nbsp; I know!&nbsp; Make a thread on CT.</p><p><br /></p><p>Cool!&nbsp; Right away I see terms like Hidden Reserve, Buy Back in subsequent posts.</p><p><br /></p><p>Me and google are best buddies. I ask an exact question and I get exact answers,</p><p><br /></p><p>I type into google: Teletrade Hidden Reserve cause that must be what happened?</p><p><br /></p><p>Top Result:&nbsp; <a href="http://www.teletrade.com/coins/blog.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/blog.asp" rel="nofollow">http://www.teletrade.com/coins/blog.asp</a></p><p><a href="http://www.teletrade.com/coins/blog.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/blog.asp" rel="nofollow"><br /></a></p><p>I start reading.....&nbsp;&nbsp; nope nothing in there that fits. </p><p><br /></p><p>I come back here.&nbsp; Now Doug in his typical fashion of posting about supposed facts with never actually backing up these purported facts, is making me feel really small.&nbsp; Ok, I am dumb, I am a noob coin collector.&nbsp; I accept that I don&#039;t know one tenth of one percent about the ins and outs of coin collecting..&nbsp; Ok let me go learn, I&#039;m smart..&nbsp; well at least Mensa 1978 said so..</p><p><br /></p><p>OK - let me go look into what sellers do at Teletrade... <a href="http://www.teletrade.com/coins/help/how2sell.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/help/how2sell.asp" rel="nofollow">http://www.teletrade.com/coins/help/how2sell.asp</a></p><p><a href="http://www.teletrade.com/coins/help/how2sell.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/help/how2sell.asp" rel="nofollow"><br /></a></p><p>hmmmmmm looks pretty basic. I see the buyback thingy, well that must be what happened?&nbsp; I honestly don&#039;t know.&nbsp; BUT now I think..&nbsp; wait..&nbsp; The seller wants to buy his coin back, how can he do that, he doesn&#039;t know what the highest bid is, does he?&nbsp;&nbsp; (now I find out that they don&#039;t, thank you for that info whoever you were)</p><p><br /></p><p>Let me understand this.</p><p><br /></p><p>So I place a max bid of $180</p><p>The seller/consignor places a bid (any amount) into the same web page as I do?</p><p>Teletrade recognizes the consignors buy back and the auction is closed?</p><p>In the eyes of Teletrade since the seller is buying back his own consignment the item did not actually sell even though a dollar amount was enter under the premise of a buy back?</p><p><br /></p><p>Am I understanding this correctly?</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Sorry, I thought I could keep it simple, but hey! in the spirit of Teletrade..&nbsp; Lets complicate things[/QUOTE]</p><p><br /></p>

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