@rainbowroosie said:
I buy special toned coins that never come cheap. I figure out the most I’m willing to pay then enter that high amount in the last few seconds. Is that sniping?
@rainbowroosie said:
I buy special toned coins that never come cheap. I figure out the most I’m willing to pay then enter that high amount in the last few seconds. Is that sniping?
Here's a strategy: Bid your max amount early in the auction.
If there's action in the days leading to the final moments, snipers will see you've continuously & automatically outbid everyone.
It might worry a sniper about over-paying -- especially if they think you're a shill driving up the price.
Max bidding early is a strategy I used successfully (twice) for coins I really really wanted.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
I know your MO now.....so lets see who does what next...
@ricko said:
I really like sniping on ebay.... lots of fun to wait until the last three or four seconds and drop a nuclear bid... done it many times. Provides a small adrenaline rush without the danger of bungee jumping. Cheers, RickO
@rainbowroosie said:
I buy special toned coins that never come cheap. I figure out the most I’m willing to pay then enter that high amount in the last few seconds. Is that sniping?
Here's a strategy: Bid your max amount early in the auction.
If there's action in the days leading to the final moments, snipers will see you've continuously & automatically outbid everyone.
It might worry a sniper about over-paying -- especially if they think you're a shill driving up the price.
Max bidding early is a strategy I used successfully (twice) for coins I really really wanted.
That's what I do. I bid my max early. You can snipe away but if my max is higher than yours, eBay will outbid you on my behalf once the auction closes.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
We all know how the system works. I always enter the highest bid I'd be happy to win on with 4 seconds left. Won some, lost some. Won quite a few with significant reductions to my bid. Ebay isn't going to be changed to operate the way some wish it operated. The methodology used by the snipers is available to all bidders. Use it or don't, but accept that if you don't you'll probably lose some that you would like to have won. Had you sniped, you still may not have won. It is what it is, move on.
@rainbowroosie said:
I buy special toned coins that never come cheap. I figure out the most I’m willing to pay then enter that high amount in the last few seconds. Is that sniping?
Here's a strategy: Bid your max amount early in the auction.
If there's action in the days leading to the final moments, snipers will see you've continuously & automatically outbid everyone.
It might worry a sniper about over-paying -- especially if they think you're a shill driving up the price.
Max bidding early is a strategy I used successfully (twice) for coins I really really wanted.
That's what I do. I bid my max early. You can snipe away but if my max is higher than yours, eBay will outbid you on my behalf once the auction closes.
Here's the problem with that strategy in my opinion...There will be that one person that "strategically" puts 20 bids in to find out where you are. The sniper can then decide if they want the auctioned item at the price they now know it will likely be at and take it away.
Also, you may end up winning and thinking it was a shill bid if you win at your max. There are plenty of threads here about that too.
@rainbowroosie said:
I buy special toned coins that never come cheap. I figure out the most I’m willing to pay then enter that high amount in the last few seconds. Is that sniping?
Right on......that's sniping the old fashioned way!
Put your top bid in, and you wont lose anything. I'm not sure why sniping would matter either way. If you're willing to pay a maximum of $100 for a coin, then put $100.
If it sales for $101, and that $1 over your bid bothers you because you'd would've paid $1 more, you obviously were willing to pay more, so you should've bid more. Next time bid $101.
I snipe a coin occasionally using an automatic sniper program. I need sleep. I read where 7-8 hours of sleep is necessary for the brain to cleanse away the amyloid plaque that causes Alzheimer's. I get between 8-9 hours of sleep on most nights, unless Saturn has an emotional meltdown during the night. I must have a lot of plaque.
@ErrorsOnCoins said:
I just nuke snipe bid a coin for high wholesale and won it for half my bid so do I mark it up from my nuke bid as that was wholesale?
Mark it up as you will. Error coins are in the crapper.
@ErrorsOnCoins said:
I just nuke snipe bid a coin for high wholesale and won it for half my bid so do I mark it up from my nuke bid as that was wholesale?
Mark it up as you will. Error coins are in the crapper.
Along with Morgans, generic gold, three cent nickels, MS Barber dimes, what else?
@ErrorsOnCoins said:
I just nuke snipe bid a coin for high wholesale and won it for half my bid so do I mark it up from my nuke bid as that was wholesale?
Mark it up as you will. Error coins are in the crapper.
Along with Morgans, generic gold, three cent nickels, MS Barber dimes, what else?
How is getting outbid with days left in the auction any different than getting beat in the last few seconds? The net result is the same number of coins for you.
@ErrorsOnCoins said:
I just nuke snipe bid a coin for high wholesale and won it for half my bid so do I mark it up from my nuke bid as that was wholesale?
I love snippers, I barely ever win an auction, more money in my pockets. I'm surprised there isn't software out there that combats snippers. Maybe there is??
@ErrorsOnCoins said:
I just nuke snipe bid a coin for high wholesale and won it for half my bid so do I mark it up from my nuke bid as that was wholesale?
. Error coins are in the crapper.
And where do you get your information?
Your auction buy at 50% of wholesale is hardly an indication of a white hot market.
I have dealt in errors, (mostly dollars but most 1900 to date denominations ) and have seen extreme softening. slabbed laminations, strike thru's and substantial die rotations have lost much of their premium to non error equivalents. Silver Eagles with small to moderate strike thru's sell at near giveaway pricing.
@ErrorsOnCoins said:
I just nuke snipe bid a coin for high wholesale and won it for half my bid so do I mark it up from my nuke bid as that was wholesale?
. Error coins are in the crapper.
And where do you get your information?
I have dealt in MINOR errors, laminations, strike thru's and substantial die rotations small to moderate strike thru's
The real sharp ebay buyers look for underpriced "buy it nows" not sure how you can set large segments of coin categories like that to preview all new listings.
@giorgio11 said:
I snipe a coin occasionally using an automatic sniper program. I need sleep. I read where 7-8 hours of sleep is necessary for the brain to cleanse away the amyloid plaque that causes Alzheimer's. I get between 8-9 hours of sleep on most nights, unless Saturn has an emotional meltdown during the night. I must have a lot of plaque.
Now, can I take a nap?
Kind regards,
George
George,
Is that you on the pillow?
Kind regards
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
Seems to me that sniping is for folks who make a living at this and for coins that one wants, but doesn't REALLY want. For the latter, I use the nuke bid approach, although this doesn't often come up with eBay auctions for me as the coins I REALLY want don't usually show up there. If it will be many months, years or never that I may have a shot at what I want, nuke is the only way. It's a hobby and some hobbies cost money.
@giorgio11 said:
I snipe a coin occasionally using an automatic sniper program. I need sleep. I read where 7-8 hours of sleep is necessary for the brain to cleanse away the amyloid plaque that causes Alzheimer's. I get between 8-9 hours of sleep on most nights, unless Saturn has an emotional meltdown during the night. I must have a lot of plaque.
@pbj said:
Has anybody used one of the "snipe apps" that I've heard exist? I don't understand the need. I usually like to bid in the last few seconds so I don't over pay by revealing my interest and max bid, but when I'm out bid in the last second, I realize that some one was willing to pay more than me, and given the opportunity, I wouldn't have re-bid and paid more... regardless of how they got their bid in.
I use one and love it. I don't have to watch the clock to be online when the auction is about the end. I find the item, put in my bid, and forget about it until I check my purchase history. It is free, but I pay about $10/year to have my bids go out from two different servers. I can set the amount of time before the auction ends that I want my bid to go out. I have lost a few, but it is usually because someone has bid way more than I was willing, which is ok. If I lose, then it is because it went for more than I was willing to pay. Usually I get them for less than I was willing to pay, and I didn't start a bidding war that would shoot it up by sparking interest.
So am I correct in assuming @thefinn that you use the app for the same reason I snipe live, to not telegraph your interest in the coin and max bid, but that the app allows you to not have to be there at the end of the auction?
@rainbowroosie said:
I buy special toned coins that never come cheap. I figure out the most I’m willing to pay then enter that high amount in the last few seconds. Is that sniping?
You sure do buy special toned coins! Just saw your post of images on the "color" thread. Very, very nice coin! Incredible colors. Do you compete with many other bidders that are interested in high mint state, very colorful coins? Do you only buy graded versions to avoid AT?
Comments
That's what I would call it,
Gixen is your friend
Here's a strategy: Bid your max amount early in the auction.
If there's action in the days leading to the final moments, snipers will see you've continuously & automatically outbid everyone.
It might worry a sniper about over-paying -- especially if they think you're a shill driving up the price.
Max bidding early is a strategy I used successfully (twice) for coins I really really wanted.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
I know your MO now.....so lets see who does what next...
That's what I do. I bid my max early. You can snipe away but if my max is higher than yours, eBay will outbid you on my behalf once the auction closes.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Agree 100%
the only way to beat a sniper is to snipe higher
Get off my lawn!!!
We all know how the system works. I always enter the highest bid I'd be happy to win on with 4 seconds left. Won some, lost some. Won quite a few with significant reductions to my bid. Ebay isn't going to be changed to operate the way some wish it operated. The methodology used by the snipers is available to all bidders. Use it or don't, but accept that if you don't you'll probably lose some that you would like to have won. Had you sniped, you still may not have won. It is what it is, move on.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Here's the problem with that strategy in my opinion...There will be that one person that "strategically" puts 20 bids in to find out where you are. The sniper can then decide if they want the auctioned item at the price they now know it will likely be at and take it away.
Also, you may end up winning and thinking it was a shill bid if you win at your max. There are plenty of threads here about that too.
Right on......that's sniping the old fashioned way!
..... bullseye .....
Great transactions with oih82w8, JasonGaming, Moose1913.
I bid all the time with about 3 seconds left.
I set the price I'm happy buying it and if I lose out, I lose out.......big deal.
Someone decided to pay higher than me, that's life.
I'll move on to the next one.
Just guessing, but I probably buy 3 out of every 10 coins I bid on this way.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Put your top bid in, and you wont lose anything. I'm not sure why sniping would matter either way. If you're willing to pay a maximum of $100 for a coin, then put $100.
If it sales for $101, and that $1 over your bid bothers you because you'd would've paid $1 more, you obviously were willing to pay more, so you should've bid more. Next time bid $101.
I snipe a coin occasionally using an automatic sniper program. I need sleep. I read where 7-8 hours of sleep is necessary for the brain to cleanse away the amyloid plaque that causes Alzheimer's. I get between 8-9 hours of sleep on most nights, unless Saturn has an emotional meltdown during the night. I must have a lot of plaque.
Now, can I take a nap?
Kind regards,
George
Mark it up as you will. Error coins are in the crapper.
Along with Morgans, generic gold, three cent nickels, MS Barber dimes, what else?
Kind regards,
George
Ebay stock is not doing so good either.
How is getting outbid with days left in the auction any different than getting beat in the last few seconds? The net result is the same number of coins for you.
And where do you get your information?
I love snippers, I barely ever win an auction, more money in my pockets. I'm surprised there isn't software out there that combats snippers. Maybe there is??
Your auction buy at 50% of wholesale is hardly an indication of a white hot market.
I have dealt in errors, (mostly dollars but most 1900 to date denominations ) and have seen extreme softening. slabbed laminations, strike thru's and substantial die rotations have lost much of their premium to non error equivalents. Silver Eagles with small to moderate strike thru's sell at near giveaway pricing.
Hey, I fixed your statement for you.
The real sharp ebay buyers look for underpriced "buy it nows" not sure how you can set large segments of coin categories like that to preview all new listings.
George,
Is that you on the pillow?
Kind regards
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
Seems to me that sniping is for folks who make a living at this and for coins that one wants, but doesn't REALLY want. For the latter, I use the nuke bid approach, although this doesn't often come up with eBay auctions for me as the coins I REALLY want don't usually show up there. If it will be many months, years or never that I may have a shot at what I want, nuke is the only way. It's a hobby and some hobbies cost money.
@Cameonut, yes. Outed again!
Kind regards,
George
I use one and love it. I don't have to watch the clock to be online when the auction is about the end. I find the item, put in my bid, and forget about it until I check my purchase history. It is free, but I pay about $10/year to have my bids go out from two different servers. I can set the amount of time before the auction ends that I want my bid to go out. I have lost a few, but it is usually because someone has bid way more than I was willing, which is ok. If I lose, then it is because it went for more than I was willing to pay. Usually I get them for less than I was willing to pay, and I didn't start a bidding war that would shoot it up by sparking interest.
So am I correct in assuming @thefinn that you use the app for the same reason I snipe live, to not telegraph your interest in the coin and max bid, but that the app allows you to not have to be there at the end of the auction?
Yep.
You sure do buy special toned coins! Just saw your post of images on the "color" thread. Very, very nice coin! Incredible colors. Do you compete with many other bidders that are interested in high mint state, very colorful coins? Do you only buy graded versions to avoid AT?