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Message:: [QUOTE="TIF, post: 1787649, member: 56859"]Interesting points, Detecto. If everyone in the coin buying world had that same philosophy and discipline, wouldn't it be perfect? Everyone would get the items they want without exceeding their limits. Of course, they would fail to win many of their desired lots, but it would be safe and calm. I understand your theory but here's another. I'd wager that often, bidder B might initially plan on bidding no higher than $x but then becomes angered or challenged by the Bidder Detecto's instant deflections due to the early-placed max bid, prompting bidder B to go higher. Maybe Bidder B likes the thrill, the rush. Human nature and all that stuff. Bidder B wins, spending more than he wants, seller is happy, and price inflation continues. I contend that sniping keeps the prices down, and that if the majority of people engaged in early maximum bidding, coin price inflation would experience a steep rise. So I say bid your max, but bid it late. Very late. This does not apply to auctions which do not have a defined end time or those which extend by another 20-30 seconds automatically if a new higher bid is submitted within the last 2 minutes of the auction, as some auction houses do.  With that type, I'd proceed with greater caution and not throw up my max bid in the last seconds-- I'd go incrementally.[/QUOTE]