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<p>[QUOTE=&quot;GDJMSP, post: 319161, member: 112&quot;]All auction houses allow reserves, and if the bid does not reach the reserve the coin remains unsold.</p><p><br /></p><p>Mike, it seems as if you are saying that Teletrade will increase your bid automatically until your max or the reserve is reached - without other bids being made. Do I understand correctly ?</p><p><br /></p><p>Personally, I have never seen that happen and I have participated in many Teletrade auctions. I have seen my max be reached without other bids when it is under the reserve, but only after the auction ends - never while it is still active.[/QUOTE]</p><p><br /></p>

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