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Teletrade is still using hidden reserves!
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<p>[QUOTE="EyeEatWheaties, post: 1458324, member: 26972"]Thank you for that additional information! First time I have heard this. Is that written anywhere on the Teletrade site? </p><p><br /></p><p>What might I have seen at 30 minutes prior to the close if the seller did one of those interchangeable things? </p><p><br /></p><p> What you are saying is that the seller can place this reserve buy back thingy up to one hour before the auction opens?</p><p><br /></p><p>Why would the seller buy his coin back for anything more than a dollar? TT charges $5 for the buyback. The seller can't see the maximum bids so are you saying that seller can also make his buy back a reserve? Why wouldn't bidders be notified and given the opportunity to rethink their max amounts, would that be good for everyone?</p><p><br /></p><p>FWIW Would you be surprised if I said I owned 4% of that $280 coin? Only one was more than that and it was from Angel Dees, do I need say more? The lowest paid $175 from HA - all purchases made within the last 18 months. Granted my max bid was a low ball offer, but in my experience of TT images, I saw nothing special about these coins and with 8 examples why offer more than I have paid in the past? the DDO, well yeah ok, on the other hand, you never know and it wasn't really a coin that I wanted, but would have certainly taken it at my offer.[/QUOTE]</p><p><br /></p>
[QUOTE="EyeEatWheaties, post: 1458324, member: 26972"]Thank you for that additional information! First time I have heard this. Is that written anywhere on the Teletrade site? What might I have seen at 30 minutes prior to the close if the seller did one of those interchangeable things? What you are saying is that the seller can place this reserve buy back thingy up to one hour before the auction opens? Why would the seller buy his coin back for anything more than a dollar? TT charges $5 for the buyback. The seller can't see the maximum bids so are you saying that seller can also make his buy back a reserve? Why wouldn't bidders be notified and given the opportunity to rethink their max amounts, would that be good for everyone? FWIW Would you be surprised if I said I owned 4% of that $280 coin? Only one was more than that and it was from Angel Dees, do I need say more? The lowest paid $175 from HA - all purchases made within the last 18 months. Granted my max bid was a low ball offer, but in my experience of TT images, I saw nothing special about these coins and with 8 examples why offer more than I have paid in the past? the DDO, well yeah ok, on the other hand, you never know and it wasn't really a coin that I wanted, but would have certainly taken it at my offer.[/QUOTE]
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Teletrade is still using hidden reserves!
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