I saw this coin when it sold in February 2002. PR66? No way, maybe PR63 on a good day. These should be destroyed and labeled illegal way before the 1933 $20 Saints.
All the bidding in this instance was jockeying online for the right increment. We identified early on where we thought we could win it and made sure we owned that increment
One day a man went to an auction. While there, he bid on a parrot. He really wanted this bird, so he got caught up in the bidding. He kept on bidding, but kept getting outbid, so he bid higher and higher and higher. Finally, after he bid way more than he intended, he won the bid - the parrot was his at last!
As he was paying for the parrot, he said to the Auctioneer, "I sure hope this parrot can talk. I would hate to have paid this much for it, only to find out that he can't talk!"
"Don't worry." said the Auctioneer, "He can talk. Who do you think kept bidding against you?"
Great transactions with oih82w8, JasonGaming, Moose1913.
Plain and simple, they are testing the waters. Others just want to get on the bid board so as the make it easier the follow. These are of course the serious buyers. For the rest of them I sure I don’t know.
JMO
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
If you put your best bid in early, you don't have to worry about getting caught up in the emotion of a bidding war and paying more than the coin is worth.
Q: Are You Printing Money? Bernanke: Not Literally
There was a coin I wanted in a Legend auction. It’s opening bid was PCGS price guide, which tend to be retail plus. I entered the opener at that bid with my play being nobody would want to be the next increment over that price guide level. It held for two weeks or so and I won the coin, which I just love.
I think that’s what people like @tradedollarnut are saying about owning that increment instead of coming in late and having to buy at a higher level if they want the piece.
Comments
I saw this coin when it sold in February 2002. PR66? No way, maybe PR63 on a good day. These should be destroyed and labeled illegal way before the 1933 $20 Saints.
All the bidding in this instance was jockeying online for the right increment. We identified early on where we thought we could win it and made sure we owned that increment
Congratulations on your purchase. Your strategy worked perfectly.
One day a man went to an auction. While there, he bid on a parrot. He really wanted this bird, so he got caught up in the bidding. He kept on bidding, but kept getting outbid, so he bid higher and higher and higher. Finally, after he bid way more than he intended, he won the bid - the parrot was his at last!
As he was paying for the parrot, he said to the Auctioneer, "I sure hope this parrot can talk. I would hate to have paid this much for it, only to find out that he can't talk!"
"Don't worry." said the Auctioneer, "He can talk. Who do you think kept bidding against you?"
Great transactions with oih82w8, JasonGaming, Moose1913.
Plain and simple, they are testing the waters. Others just want to get on the bid board so as the make it easier the follow. These are of course the serious buyers. For the rest of them I sure I don’t know.
JMO
If you put your best bid in early, you don't have to worry about getting caught up in the emotion of a bidding war and paying more than the coin is worth.
I knew it would happen.
I bid early all the time. It can knock a lot of people out. that's what we did in the 1913
It is very successful for me
Reminds me of a certain quote: " we go high, when they go low. ". Nice score.
``https://ebay.us/m/KxolR5
There was a coin I wanted in a Legend auction. It’s opening bid was PCGS price guide, which tend to be retail plus. I entered the opener at that bid with my play being nobody would want to be the next increment over that price guide level. It held for two weeks or so and I won the coin, which I just love.
I think that’s what people like @tradedollarnut are saying about owning that increment instead of coming in late and having to buy at a higher level if they want the piece.
I stole some code from a Goldman Sachs trading algorithm; eat my dust