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<p>[QUOTE=&quot;Publius2, post: 25642747, member: 105571&quot;]I don&#039;t think you&#039;re crazy.&nbsp; Auctions can certainly be frustrating and it&#039;s particularly so when one finds oneself to be the underbidder consistently.&nbsp; And I agree that there are some very good reasons to buy in-person from a dealer instead of an on-line auction.</p><p><br /></p><p>But here&#039;s the way I get around at least some of that for on-line live auctions:</p><p><br /></p><p>Decide what&#039;s the absolute most I will pay for the coin after doing my research.&nbsp; In other words, I decide before the auction how much over, if any, so-called &quot;book&quot; the coin is worth to me.&nbsp; That &quot;book&quot; is all of the pricing resources that are available for the particular coin.</p><p><br /></p><p>While I will put in a proxy bid well before the live auction, that is only a place-holder to make sure I don&#039;t somehow miss it when the auction goes live.&nbsp; If I truly want a coin then I never put in a proxy bid and then don&#039;t follow up in live bidding.&nbsp; I&#039;ll do that for &quot;meh&quot; coins but I don&#039;t pursue those much anymore.</p><p><br /></p><p>Then I follow the auction live.&nbsp; Now, this is a pain when Heritage, for example, has 500 or more lots to get through.&nbsp; And I understand why some people don&#039;t want to, or cannot, devote the time for this.&nbsp; But with genuine live bidding such as Heritage and Stack&#039;s conduct, you can almost never be outbid so long as you are willing to pay up the next increment or cut bid.</p><p><br /></p><p>Then during live bidding, I stand alert and ready to make my bids quickly.&nbsp; My paper cheat sheet is beside me with the coin, lot number and maximum bid clearly written in the order they come up in the auction.</p><p><br /></p><p>I also strategize my bidding depending on the priority of the coins to me which is particularly important since I usually have a total dollar limit for the auction.[/QUOTE]</p><p><br /></p>

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