Just lost a coin I was bidding on ebay for 1 cent!~ I don't get it .. usually the increments are .50 or $1 aren't they? My bid was $140, winning bid was $140.01. Geez. Probably a good thing ~ not meant to be ~ yeah, I've said it all to myself. Just venting.. thanks.
The winning bidder bid $140.01. If he had bid $140.25 the winning bid would have been $140.25. If he had bid $200.00 the winning bid would have been $140.50 (if the bid incriment is $0.50 at that price level). If you and he had both bid $140.01 you would have been the winning bidder at $140.01 because he did not outbid you - he tied your bid and your bid (of the same amount) was first. I always add a few cents to my max bid. That way I beat those who bid to the whole dollar.
Sorry I didnt mean to beat you.....You still want it.??????? but it will cost you more than 1 cent :mouth: J/K
I've won a lot of auctions that way. What on earth is insulting about bidding more than someone else?
Well CoinGal, Sorry about your last second loss. Gotta admit I'm a sniper when I bid usually but I NEVER bid an even amount. I also never bid .01 or .02. Always a weird amount. Sometimes it might be .17 or .83. Then if I lose, and I usually do, it doesn't bother me as much. clembo
As others have said, never bid an even dollar or half dollar amounts. I always bid using oddball amounts as well, and have won alot of auctions that way.
That is exactly why I usually end my bid with .33 (on the cheaper items) or go $1 over for my higher bids. I figure that it is a lot cheaper or less aggravating to pay the extra quarter/dollar than to lose and have to start all over again. I have won more than 1 auction by $.08 to $.034.
Wow ~ this discussion only confirms the coin collector in me. I tend to bid even dollar increments because I ALWAYS get the change back, keep the change, when paying for things in person. The thought of doing the same online was making me uneasy. Had to remind myself it wasn't REAL coin change. Ok.. time for my meds! Thanks for the tips ~ I have two other bids pending ~ I'll go add .13 cents to each. That should bring me some luck
The bid you entered was $140, but that results in a "Current Bid" which is often less; the next bidder must bid that number plus the increment (or more). After you tendered your bid, what "Current Bid" resulted ?
I don't think so. As long as the next bidder bids at least the "Current Bid" PLUS the "Bid Increment" his bid will be recorded even if his bid is only one cent more than yours. For example: Bidder A bids $140.00 to start the bidding. The starting price is $0.99 so Bidder A's "Current Bid" is $0.99. Bidder B comes along and bids $130.00. Bidder A's proxy bid of $140.00 brings the "Current Bid" to $132.50. (I checked eBay and the bid increment in this price range is $2.50.) The "Current Bid" is now $132.50 and the bid increment is $2.50 so any future bidders must bid at least $135.00. With 3 seconds remaining in the auction Bidder C bids $140.01. Since Bidder C's bid met the minimum bid increment of $2.50 when the previous "Current Bid" was $132.50 (Bidder A's last bid amount) his bid only needs to exceed Bidder A's proxy bid by one cent to be the high bid. I have won numerous auctions at the last second by only a few cents because I bid an odd amount like $32.78 or $156.31. I have won 4 or 5 auctions by ONE CENT and I don't feel bad about it. Sometimes craftiness is what is needed to win. What I never understand is the guy that bids $X.99.
First off, OUCH! :computer: :thumb: Lol, when you really think about it coingal, it's quite funny, lol. Atleast from my standpoint, I'm not the one that lost the coin. Lol, just remember, there are plenty of other coins on the bay. Phoenix
