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1913 V Nickel - My son thinks it's stupid that.....

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  • thefinnthefinn Posts: 2,657 ✭✭✭✭✭

    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.

    thefinn
  • tradedollarnuttradedollarnut Posts: 20,198 ✭✭✭✭✭

    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

  • hchcoinhchcoin Posts: 4,836 ✭✭✭✭✭

    Congratulations on your purchase. Your strategy worked perfectly.

  • crazyhounddogcrazyhounddog Posts: 14,055 ✭✭✭✭✭

    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.
  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    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

    I knew it would happen.
  • specialistspecialist Posts: 956 ✭✭✭✭✭

    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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,555 ✭✭✭✭✭
    edited August 16, 2018 8:30AM

    Reminds me of a certain quote: " we go high, when they go low. ". Nice score.

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  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭

    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.

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    I stole some code from a Goldman Sachs trading algorithm; eat my dust :#

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell

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