The Cherries that got away

Discussion in 'Coin Chat' started by Casman, Oct 18, 2021.

  1. Casman

    Casman Well-Known Member

    I always wonder how these coins end up. The ones that got away. There haven’t been many as usually I’m unopposed and I haven’t seen one of these particular varieties since 2016. Got blown out of the water on a raw 1957 D Washington Quarter tonight. Bid was $6.99 with 5 seconds to go…ended at $380. Now I suppose I’ll have to check the pop reports to see if it changes. I don’t play much but in the old days I could ID the bidders by their feedback #’s. This is why you should IMO never bid early.
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    This is why I always used a sniping service rather than post "live" bids. I'll bet a couple of those (hidden) bids were from snipes.
     
    Paddy54 likes this.
  4. potty dollar 1878

    potty dollar 1878 Well-Known Member

    ^^^Don't need one,i have quite the trigger finger myself:D:Dnever let's me down to the final microsecond.
     
    Mac McDonald likes this.
  5. Kentucky

    Kentucky Supporter! Supporter

    "Faster than a speeding electron..." :)
     
    Paddy54 and wxcoin like this.
  6. cplradar

    cplradar Talmud Chuchum


    which one do you recommend?
     
  7. delila1

    delila1 Undermedicated psychiatric patient

  8. kanga

    kanga 65 Year Collector Supporter

    When I find a coin I'd like to have my bidding style is to:
    (1) Determine the most I'm willing to pay
    (2) Bid that amount early

    If I get outbid then my opinion is that someone is overpaying.
    Getting outbid frees up money for bidding on other items.
    On some occasions (<5% of the time) if I get outbid and really like the item I'll up my bid.
     
  9. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    I feel like sometimes there is an advantage to an early bid that might discourage other buyers looking for a cheap pickup who might put in a crazy bid later. Or if you want to remove the buy it now option by establishing a bid. Plus it makes it more difficult for someone to contact the buyer and have them delist and sell before the auction ends.
     
  10. Casman

    Casman Well-Known Member

    For a Cherry, placing an early bid is a tell that your involved. If others know you’re in, and they know you’re style, then they’ll simply nuke.
    This coin that got away was either a possible $5K coin, or BU details.
    There were only 3 bidders me included. I am uncertain but could guess the others with the knowledge to spot it. I keep my mistakes whereas the others will call it a gamble but return if they’re wrong.
     
  11. wxcoin

    wxcoin Getting no respect for 65 years Supporter

    When I bid on a coin I'm interested I don't waste my time placing a low bid. I usually bid a number that I'm comfortable paying for the coin if I win. If it is an exceptional coin I may increase my bid a little if I get outbid. I never get sucked into a bidding war; there's always another coin for another day.
     
  12. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    The real cherrypickers are the ones who message the seller and get the auction to end early. If you're waiting to bid on a cherrypick, you're doing it wrong.
     
  13. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    While I'm no longer active buying [anything] at auction, I used Bidnapper religiously for as many as fifty auctions at a time for many years, and I was successful about 85% of the time. All I needed to do was enter the item # and the amount I was willing to bid ("Bid it and forget it".) Bidnapper would notify me if someone placed a bid higher than mine, and that allowed me plenty of time to decide if I wanted to continue or not.

    I don't know what it costs now since it has been more than 10 years since I was a player, but unlimited bids used to cost $43 per year, and it paid for itself almost immediately.

    I disagree with the theory of bid high and bid early because it tells other bidders that someone else is involved which allows them to adjust (increase) their bid accordingly. It doesn't mean that the person using a sniping program is crazy and willing to spend too much. I never placed a bid that I didn't think was fair.

    A snipe bid is completely hidden from the competition until it is just about too late for someone to post another bid. Oftentimes, this helps to keep the price lower because the other bidders are not expecting another competitor. That is how Bidnapper enabled me to save money on my auction wins and use those savings to pay for the sniping service.
     
    -jeffB and Steve minor like this.
  14. VistaCruiser69

    VistaCruiser69 Well-Known Member

    The first 5 or so years that I was on ebay, that's exactly how I do it also. Determine the most I'm willing to pay and bid that amount early. If I get outbid I very rarely place another bid on the item. Over the course of the past 10 or so years now however, 99.9% of the time I purchase the "buy it now" deals. I'm not into bidding wars.
     
  15. Mac McDonald

    Mac McDonald Well-Known Member

    Me, too, but on occasion eBay or the system lets down and doesn't quite catch/transmit a bid that I know was before the last "micro-second." I've lost a few this way...quite frustrating/disappointing...have tried appealing to eBay but to no avail...they've claimed no record of it, that it's a server or system delay, etc.
     
    john65999 likes this.
  16. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Bull! If a snipe bid is placed within 3 seconds of the end of an auction, by the time it enters the system and relays it to the auction, it is too late even if you are hovering over "Enter".

    Also, let's see how fast your trigger finger is when you are bidding on a dozen auctions that are all ending within a minute of one another.
     
  17. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    What percentage of the auctions did you win by bidding early?
     
  18. Casman

    Casman Well-Known Member

    I’m fairly certain auction interference is illegal. People that resort to this type of behavior are beyond all morality. I know of some that will wait until it’s over, then message the seller with a higher offer. So no, following auction terms and basic contract law is not doing it wrong.
     
  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I wish I had that kind of time. If I see one I need, I place the max amount I am willing to pay and go on about my business. There isn’t any way for another bidder to know your max bis is there?
     
  20. Vertigo

    Vertigo Did someone say bust?

    When it goes from 2 seconds left to 1 that is when I send it. It is no fun letting a service get that rush. That is when I place my first, last, and only bid. I bid no more than I'm willing to pay. I've went to hit send and got the "you need to enter at least x.xx to bid" By then the auction is over and I didn't overpay. If I bid before the end it is usually just to run it up on someone else. I DON'T WANT IT BUT YOU AREN'T GETTING IT FOR THAT LITTLE! The other day I ran it up from .01 to 250 with 9 days left. The coin was valued at 300 and sold for about 350. I help out a lot of sellers...
     
    john65999 likes this.
  21. atcarroll

    atcarroll Well-Known Member

    That's dirty of them. I'm like you, if i gamble and lose i keep it.
     
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