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<p>[QUOTE="Clawcoins, post: 3703637, member: 77814"]So the other bidders are NOT following YOUR rules on how to bid for coins?</p><p>You shouldn't be surprised right ?</p><p><br /></p><p>If you start only going to coin shows do you add to the "total acquisition" cost of the coin for travel ( quantity of shows x car depreciation, gas, etc) and TIME? Or are you not valuing "administration costs" to the actual cash purchase of that coin?</p><p><br /></p><p>When I bid, I can go above my bid amount because</p><p>(a) in the grade I'm looking at, how many of them show up in the auction houses.</p><p>(b) how much time do I want to wait for the next one, and hopefully it would be LOWER than the current one. If not ... then something is wrong with my equation.</p><p>(c) how badly do I want it *now*.</p><p><br /></p><p>With fewer specific coins at the grade I'm looking for at specific auction houses you have to evaluate quantity versus cost versus time (and time may just raise the price) and then accept the additional overhead costs as lost to your desire to own the coin. After all, are you buying it for your collection or to flip it ?</p><p><br /></p><p>I used to use your logic too. I wasn't winning anything. So I threw it out and based it on how much I wanted it now.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3703637, member: 77814"]So the other bidders are NOT following YOUR rules on how to bid for coins? You shouldn't be surprised right ? If you start only going to coin shows do you add to the "total acquisition" cost of the coin for travel ( quantity of shows x car depreciation, gas, etc) and TIME? Or are you not valuing "administration costs" to the actual cash purchase of that coin? When I bid, I can go above my bid amount because (a) in the grade I'm looking at, how many of them show up in the auction houses. (b) how much time do I want to wait for the next one, and hopefully it would be LOWER than the current one. If not ... then something is wrong with my equation. (c) how badly do I want it *now*. With fewer specific coins at the grade I'm looking for at specific auction houses you have to evaluate quantity versus cost versus time (and time may just raise the price) and then accept the additional overhead costs as lost to your desire to own the coin. After all, are you buying it for your collection or to flip it ? I used to use your logic too. I wasn't winning anything. So I threw it out and based it on how much I wanted it now.[/QUOTE]
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