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My First Auction Screw up

nagsnags Posts: 784 ✭✭✭✭
edited February 16, 2021 6:46AM in U.S. Coin Forum

My first auction gaff. Was looking to purchase a 1882-S GSA in MS66. Wasn't paying close attention and the auction bell notification went off. When I finally look over I thought the current offering was the coin I wanted (also a GSA in MS66). Bid a few times and win. Oops, wrong coin. I did get the 1882-S but also majorly overpaid for something I don't need/want. I guess it gets thrown in duplicate pile.

I wish I could claim I was drinking, but no such excuse!

Comments

  • P0CKETCHANGEP0CKETCHANGE Posts: 2,033 ✭✭✭✭✭

    It happens. See also: my recent thread on accidentally purchasing a duplicate. Sorry you missed out on the one you wanted. I'll bet you'll be particularly careful next time.

    Nothing is as expensive as free money.

  • JimnightJimnight Posts: 10,592 ✭✭✭✭✭

    I can relate to what your saying!

  • sellitstoresellitstore Posts: 2,221 ✭✭✭✭✭

    That's a difference between floor and internet bidding. In a live auction, you would have been able to ask the auctioneer to reopen the lot, and he probably would have, if he had not already moved on to the next lot.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • PQueuePQueue Posts: 901 ✭✭✭

    The title of this thread should be: My Auction Screwup! No reason to mention Heritage in the title.

  • nagsnags Posts: 784 ✭✭✭✭

    @PQueue said:
    The title of this thread should be: My Auction Screwup! No reason to mention Heritage in the title.

    I agree. Poor choice of words. Blame is 100% on me.

  • alexercaalexerca Posts: 243 ✭✭✭

    I once bid on 2 different 55 ddo in two different auctions that were going at the same time and won them both! My story ended happily though as I resold it in a different auction and they made 10% and so did I!

  • HydrantHydrant Posts: 7,773 ✭✭✭✭✭

    Nags, did you edit the title of this thread? Just curious.

  • nagsnags Posts: 784 ✭✭✭✭

    @Hydrant said:
    Nags, did you edit the title of this thread? Just curious.

    I did. Heritage did nothing wrong and the original title could have been construed that way.

  • jmlanzafjmlanzaf Posts: 30,260 ✭✭✭✭✭
    edited February 16, 2021 8:01AM

    @sellitstore said:
    That's a difference between floor and internet bidding. In a live auction, you would have been able to ask the auctioneer to reopen the lot, and he probably would have, if he had not already moved on to the next lot.

    Generally speaking you can NOT reopen the bidding on a sold item.

    https://mikebrandlyauctioneer.wordpress.com/2010/07/24/can-auctioneers-reopen-the-bidding/

  • jmlanzafjmlanzaf Posts: 30,260 ✭✭✭✭✭

    @sellitstore said:
    That's a difference between floor and internet bidding. In a live auction, you would have been able to ask the auctioneer to reopen the lot, and he probably would have, if he had not already moved on to the next lot.

    There's also the "timely missed bid" exception. [To be completely fair, I feel the need to include it.]

    http://www.michak.legal/blog/can-a-lot-be-unsold-after-the-fall-of-the-auctioneer-s-hammer

  • OldIndianNutKaseOldIndianNutKase Posts: 2,683 ✭✭✭✭✭

    I accidentally bought this one........

    a nice PR67BN, but I already had a somewhat nicer one. I thought I was bidding on the prior coin, an 1883 PR67BN.

    Still have it. Need to sell it.

    OINK

  • HydrantHydrant Posts: 7,773 ✭✭✭✭✭

    @nags said:

    @Hydrant said:
    Nags, did you edit the title of this thread? Just curious.

    I did. Heritage did nothing wrong and the original title could have been construed that way.

    Thanks for the answer nags. I didn't want to say anything before I knew the answer. Anyway, don't feel so bad. I did the same thing TWICE! It was not their fault it was my fault. So I stopped bidding on their auctions and most other auctions in general. I'm just not computer savvy. I get confused. But.......last night I won a coin from an online auction and I'm really happy. Been searching for that coin in that grade and look for over 5 years. I paid way too much but I don't care. I got the coin. So......sometimes things do work out for the best.

  • BryceMBryceM Posts: 11,587 ✭✭✭✭✭

    I couldn’t believe my luck when I got a screaming deal on a toned Frankie. Then I realized it wasn’t FBL and it wasn’t a good deal at all. I recovered, and learned to change my bidding strategy. :)

  • AlongAlong Posts: 466 ✭✭✭✭

    Did the same thing with a FB Roosie last year

  • oih82w8oih82w8 Posts: 11,644 ✭✭✭✭✭

    Count me in the accidental bidding, internet/computer lag. The auction house was understanding and I would up making a couple of payments.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,...
  • jessewvujessewvu Posts: 5,061 ✭✭✭✭✭

    I haven't ever bid on a coin at heritage or other auction site. I did bid on and won some civil war memorabilia signed by an ancestor. It was hectic! I don't think I have the nerves to do that often. My little heart was pumping at the end...

  • savitalesavitale Posts: 1,404 ✭✭✭✭✭

    I knew I would be distracted during the Super Bowl last year, so I put low-ish bids on three nearly identical 3 legged nickels in case I forgot to follow the auction and one happened to go cheap. Well, I did forget to follow the auction and when I checked later that night I had won all three! :s

    Sold one on the BST and one on eBay for just what I paid. It happens.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    My worst auction screw ups was when I forgot the auction was closing and did not get to give a final bid... therefore did not win. I would frequently put in an initial bid to see where the item was going, then decide if I wanted it. Cheers, RickO

  • CryptoCrypto Posts: 3,108 ✭✭✭✭✭

    I made the mistake to trust a NGC variety attribution once, $2k later I will never ever ever ever ever trust a label over my eyes again

  • skier07skier07 Posts: 3,522 ✭✭✭✭✭

    I bought a coin in an OGH and even though the label was green there was no CAC sticker which I mistakenly thought was the case and of course I overpaid for the coin.

  • yspsalesyspsales Posts: 2,025 ✭✭✭✭✭
    edited February 17, 2021 10:34AM

    @Crypto said:
    I made the mistake to trust a NGC variety attribution once, $2k later I will never ever ever ever ever trust a label over my eyes again

    I hit laugh only because it would not let me cry...

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • daltexdaltex Posts: 3,459 ✭✭✭✭✭

    @Crypto said:
    I made the mistake to trust a NGC variety attribution once, $2k later I will never ever ever ever ever trust a label over my eyes again

    Is that sort of thing not covered by a guarantee?

  • lkeigwinlkeigwin Posts: 16,877 ✭✭✭✭✭

    I love the title: My First Auction Screw Up.

    Which, of course, suggests more to come. Join the club!
    Lance.

  • ProfLizProfLiz Posts: 256 ✭✭✭✭

    My first Heritage auction...there's a coin I really want. But I haven't used the system, and am worried it won't work when I need it to. So I decide to practice bidding before my lot comes us. I choose an item with active bidding...hit bid...and no one bids after me. I win a counterstamped half cent. Fortunately, it didn't cost much!

    And the bid button worked fine for me later in the auction...when I was decisively outbid on the item I had really wanted! :-0

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