Lincoln Collectors are the WORST!

Spooly

You guys suck! Is every Lincoln collector a sniper!!!!!!!!?????

I can't think of a worse group of collectors to bid against!!

Lincoln "shark" collectors!!

goose3

Try Buffalo Nicks sometime!
pretty darn bad too.

MastaHanky

yuh8n?

dddangerousdan

spooly if you wern't so bashful you would bid high enough so a sniper wouldn't beat your bid

DAN

Spooly

I am really starting to regret all the sniper lessons I post here over the years!

keithdagen

Spooly,

Bid your max and your conscience will be clean. At least regarding bidding.

kieferscoins

I don't know about Lincoln collectors, but I know Type collectors track each others bidding like crazy!

Cameron Kiefer

MadMarty

We may suck, but do we spit or swallow??/

keithdagen

Cameron,

Who would do stuff like that?

kieferscoins

I don't know if your serious in that question keith, but remember This Thread where it was discussed?

Cameron Kiefer

Clankeye

Since the serious Lincoln collectors are gathering here, may I ask a question from the perspective of an outsider? I recently purchased a lincoln cent from the 50's with beautiful subtle, glowing colors graded RB by PCGS. My question is this, do serious lincoln collectors only look for coins graded RD? Is RB, even if it involves toning, something that most lincoln specialists avoid? Would be interested in your thoughts.

Russ

Not to worry, Spooly, it's no different in proof Kennedy's. I'm constantly running in to the same bidders trying to snipe these babies away from me. I think sniping should be banned.

Russ, NCNE

merz2

Spooly
I can't believe you.The king of snipers and your looking for sympathy,because you got sniped.LOL!!!! Someone is trying to out bid me on the coin I need to complete my Registry Set.They are running up the price.I've always been helpful to others and this is my pay back.

Ogden

What actually is sniping? If sniping is waiting until the last second to bid why is that wrong? Isn't the idea of an auction to get the best price possible for the buyer? If it happens to also be good for the buyer isn't that a double win. Aren't auctions consider risky for both parties? I would welcome any comments, maybe I don't understand that there may be a proper ethic to bidding

Ogden

Russ

Ogden,

There are a handful who would argue differently, but there is nothing at all wrong with sniping. IMO, it's the only way to buy. Spooly is screwing around.

Russ, NCNE

coynclecter

<< <i>Isn't the idea of an auction to get the best price possible for the buyer? If it happens to also be good for the buyer isn't that a double win. >>



Ogden, That's a rather self serving statement. I don't think you would agree if you were the seller.

The "idea" of an auction is for everyone to have a fair chance to bid as much as they are willing to pay and the one who is willing to pay the most will get to purchase the item. From the sellers viewpoint this means he will be able to obtain the maximum amount that the audience is willing to pay. When you snipe you deprive the other bidders sufficient time to bid higher even if they are willing to pay more. This deprives the highest buyer a chance to purchase the coin and the seller the opportunity to derive the highest sale price.

I will admit though that I snipe at every opportunity and have at time been unsuccessful because the buyer had placed a higher max bid. If the buyer gets sniped and was willing to bid more then he deserves it for trying to rip the deal. I personally think that auctions should be automatically extended for 60 seconds until there are no more bids. This would be a true auction.

Coyn

IrishMike

Clankeye to answer your question there are some serious copper collectors that prefer R/B to red.

Clankeye

Thanks Mike. That's the beauty of coins, you can know a little something in some areas and still be a total newbie in others.
Clank

Russ

coynclecter,

I'm just guessing, but I think he meant "seller" in his first sentence.

Russ, NCNE

mustangman7

Not to sound proud but I love being a consistant 4 second sniper. If I don't get it, it is only because someone else wanted to spend more for it then I did. I have stayed off several NGC Lincoln's lately because I saw you name on them as high bidder so you can't blame me this time buddy!

Spooly

Merz....Someone is trying to out bid me on the coin I need to complete my Registry Set. Yep.... that last coin will cost you!



Mustangman7 is see you have some bids on some NGC right now.... I will be passing. (this time)


Ogden I am just goofying on my fellow Lincoln collectors!


Clankeye, for me RB early wheat Lincolns are great. I wouldn't buy a RB Memorial Lincolns.

Mark

Spooly:

Don't you wish you were buying Mercs? We Merc collectors are so kind and generous and never snipe. Indeed, I believe the community of Merc collectors was the runner-up for last year's Nobel Peace Prize.

Mark

mustangman7

Spooly,
The NGC coins that I had bid on are not at the reserve and I will not be rebidding. Knock yourself out buddy!

Bulldog

Spooly,

I will SNIPE any coin. I love the thrill of it, probably more than the kill.

Now what posts do you offer me for more effective sniping?

LOL Just havin fun wit ya boy!

Bulldog

lincolnSence

clankeye - I don't know what qualifies as a serious hard core lincoln collector, but I only like the red ones when it comes to the basic sets and key varieties. IMO collecting these coins as close to how they came off the presses is what its all about. When I collect RPM's cuds, OMM's, DD's I'm looking more at the significant features collected and here RB or brown are fine by me. In fact, grade really doesn't matter that much as long as I can "see" what I'm looking for. Its such a relief to pay $5 for a nice specimen and be happy with it.

Clankeye

Thanks for sharing with me what you are looking for LincolnSense. And thanks to Spooly, Irishmike and a couple of you who PM'd with your experience of collecting these. I don't know, I have found myself really drawn to the Lincoln cent of late. But, the idea of starting them as a series seems intimidating. So many dates, so much to know (so little money).

merz2

Spooly
I can attest to your statement.I was looking to complete my Registry Set of Lincoln Proofs last night through the Heritage Exclusive Internet Auction.I place a bid that with the buyers premium would have been twice the highest price guide shows for that coin.I was beaten out by someone at the last minute.

BillJones

There's a simple solution to the sniper problem. Go to a major coin show with a list of the coins you need. Search the floor for them. When you find them ask the dealer what he wants, and if the price is fair, buy it.

Auctions are great if you are looking for a wide variety of items because there are often one or more areas that get neglected. It’s less productive if you are trying to buy items from a narrow focus of interest. Auctions place the item under everyone’s nose, and if that item gets a lot of attention and bids, auction fever can take hold and drive the price to unusually high levels.

All of these are reasons why as a collector I prefer private treaty transactions to auctions.

perfectstrike

We're only a different breed spooly! If you play the Lincoln game for a while you'll find that if you bid early and high you'll get some respect, after a while. Just dig real deep. Beware, there are a few very crazy people out there. There is really silly money being paid for pop 5-10 Lincolns lately. Don't expect $50 bids to win too often, rofl.

On the other hand, there are darn few Lincoln bargains to be had out there, unless you want to join the variety club.

Welcome to the land of Lincolns!

perfectstrike
feel free to snipe me any time, I usually bid only once, then watch