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Can you remove a reserve with a bid?

airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
in U.S. Coin Forum
On eBay, suppose you have a high start and STILL a reserve (almost to the ridiculous point)... someone bids for fun, knowing the first bid isn't the reserve, and since they don't hit it, they aren't obligated to do jack...

Can you remove the reserve and lock in their bid as binding, or are they out of the clear since they never "agreed" to the price?

Jeremy
JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research

Comments

  • RussRuss Posts: 48,514 ✭✭✭
    No.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • LucyBopLucyBop Posts: 14,001 ✭✭✭
    Now that answer was clear and to the point!
    imageBe Bop A Lula!!
    "Senorita HepKitty"
    "I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
  • sinin1sinin1 Posts: 7,500 ✭
    airplane - are you thinking of doing that? as a seller? I have considered doing that to see what happens -

    Start at a price I want and have the reserve at that price (an extra 15cents for the reserve I think) - when someone bids they do not know what your reserve is.

    Some auctions say they have a reserve of xxx dollars, but do you believe them? and do you bid what you think it is worth?

    I might try a $24.99 start with (a "low reserve" in description) which is $24.99 so first bidder meets the reserve - just to see what happens. or $9.99 - the other listing fee cut-off.
  • BulldogBulldog Posts: 779
    Where is the integrity?

    Bulldog
    Proud to have fought for America, and to be an AMERICAN!

    No good deed will go unpunished.

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  • wingedlibertywingedliberty Posts: 4,805 ✭✭✭
    I can't remember the last time I bid on a coin that had a reserve?!?!image



    Brian.
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    airplanenut if you have bids you can only change the auction by adding pictures or text and it automatically states in your auction the time & date that you made those changes.

    sinin1 if you "Start at a price I want and have the reserve at that price" then when somebody bids reserve is met and it's like you never had a reserve in the first place. If eBay's listing software will even let you have a start bid and reserve at the same amount.
    Change that we can believe in is that change which is 90% silver.
  • sinin1sinin1 Posts: 7,500 ✭
    where's the integrity? why ebay as a hosting agent is selling it of course -

    How can an auction have integrity if it is not an ABSOLUTE auction - and if it is not, what makes it different than a retail store?

    Would you bid differently on an auction like Heritage or Teletrade IF you realized that they knew what your maximum bids were AND they did not care too much if they continued to retain the coin in question another month or 2 at the expense of the original consignor?
  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    No, I wouldn't do this- I think it's dishonest... just thought of it so I needed an answer image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research

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