Top pop variety at ms61. I bid 4x lost to another bidder at 5x!.
$2K coin , the winner paid $10K!
No one else would buy it at that. Strong possibility others at a higher grade will show up.
Chalk it off as a loser when comes time to sell.
@DCW said:
A nuclear bid is an insane amount of money compared to the present bid dropped at the very last second of an auction, designed to blow away your competitors in a single mushroom cloud of devastation. It is to be used only when you must "win at all costs."
A key part of this is “last second of an auction.” My first and last truly nuclear bid was placed early in an attempt to control myself on something I really wanted, and resulted in the next guy slowly bidding all the way up to my insane bid until he beat it.
At that point I could see:
A: just how insane my bid was to begin with because it looked ridiculous after becoming a reality
B: the next guy had much deeper pockets than me
C: never nuclear bid early in an auction
I have to say I've never gone nuclear in bidding. However, if the wife ever found out how much I spend on some of the coins that I've bought she would definitely go nuclear and I would be in a total meltdown. Not in a good way either.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
There's no fixed definition of a nuclear bid and everyone has a different idea of what it is. Like beauty, it's in the eye of the beholder.
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
@PerryHall said:
What happens when two people place nuclear bids on the same coin?
Mutually assured destruction.
Live by the snipe, die by the snipe.
Or avoid auctions that have it. Auctions are the pits; auctions with the snipe are worse than the pits. I am 100% done with eBay. Never again.
I do prefer untimed auctions. It removes the games. You want it. You just pay more than anyone else. Simple.
Oh, I will agree to that. This crap of watching the clock run to zero while you have “the high bid” and then have the snipe taking the lot, leaving you helpless is the pits. It’s happen to me twice on eBay. My response is “Never again!”
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@PerryHall said:
What happens when two people place nuclear bids on the same coin?
Mutually assured destruction.
Live by the snipe, die by the snipe.
Or avoid auctions that have it. Auctions are the pits; auctions with the snipe are worse than the pits. I am 100% done with eBay. Never again.
I do prefer untimed auctions. It removes the games. You want it. You just pay more than anyone else. Simple.
Oh, I will agree to that. This crap of watching the clock run to zero while you have “the high bid” and then have the snipe taking the lot, leaving you helpless is the pits. It’s happen to me twice on eBay. My response is “Never again!”
That's not a problem if you put in a maximum bid. If you get sniped at the last second, eBay will automatically bid for you up to your maximum bid but of course you already knew this.
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
@hfjacinto said:
For me a nuclear bid is when I go over greysheet. Hasn't happened in a while though. I did bid $14.72 cents for the below, but I got it for $9.61 so it was a small nuclear bid
Wow! This coin comes from the mint with CAC approval! Nice buy.
Comments
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Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Top pop variety at ms61. I bid 4x lost to another bidder at 5x!.
$2K coin , the winner paid $10K!
No one else would buy it at that. Strong possibility others at a higher grade will show up.
Chalk it off as a loser when comes time to sell.
A key part of this is “last second of an auction.” My first and last truly nuclear bid was placed early in an attempt to control myself on something I really wanted, and resulted in the next guy slowly bidding all the way up to my insane bid until he beat it.
At that point I could see:
A: just how insane my bid was to begin with because it looked ridiculous after becoming a reality
B: the next guy had much deeper pockets than me
C: never nuclear bid early in an auction
That’s why I like auction sniper / eBay.
If can’t buy it right kills my interest.
Many so called nuk bids actually shills.
I have to say I've never gone nuclear in bidding. However, if the wife ever found out how much I spend on some of the coins that I've bought she would definitely go nuclear and I would be in a total meltdown. Not in a good way either.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
A nuclear bid is one cent higher than mine.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
I do prefer untimed auctions. It removes the games. You want it. You just pay more than anyone else. Simple.
To me a nuclear bid is one that causes destruction, like it's 20% of your net worth or likely more.
If there's a coin that's $5 and I pay $1000, for me, that's not nuclear since I can thankfully survive $1000.
It happens. Buying nice mid-grade Barber halves can become a numismatic nuclear nightmare.
As others have said, at least 2x the expected value.
There's no fixed definition of a nuclear bid and everyone has a different idea of what it is. Like beauty, it's in the eye of the beholder.
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
Oh, I will agree to that. This crap of watching the clock run to zero while you have “the high bid” and then have the snipe taking the lot, leaving you helpless is the pits. It’s happen to me twice on eBay. My response is “Never again!”
That's not a problem if you put in a maximum bid. If you get sniped at the last second, eBay will automatically bid for you up to your maximum bid but of course you already knew this.
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
Interesting thread
Wow! This coin comes from the mint with CAC approval! Nice buy.
YEP, its a new CAC service, CAC on the actual coin. Its also cheaper slabbed than in the OGP! I mean its like free!
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins