Automated Auction website
Anyone have concerns regarding shill bidding and now potentially introducing artificial intelligence (AI) into this environment? How do you know that there is actually another human, interested in the same coin, bidding against you and not some algorithm?
I've been watching the website LiveAuctioneers.com and the bidding races to about 75% of the lowesr estimate price range given (which is always inflated) and then after fair warning it hammers down. Not once in 500 lots has it gone over the lowest estimate figure.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maintenance Crew Chief and Contracting Officer.
My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1879 – 1891)