When bidding, does the pressure get to you?

leothelyon

On average, I buy less than 20 coins per year. But when a coin comes up for auction and you have been waiting for several months, in my case....several years for this one coin of recent....does the pressure get to you while bidding because if you miss the opportunity and lose, it will be a long time coming before
another surfaces.

Leo

Singapore

Well, yes, I guess you'd call it pressure.

I often research pieces, identify the small number of examples of a particular type that are 'out there' that I would want and then wait patiently until they appear. Thats the easy part.

The part I can't stand is sitting waiting for a live aution to begin wondering what other person in the room has been waiting 12 years for that same coin and is prepared to sell his wife's car (or, sometimes, his wife) if necessary, to buy it. I lost out in such a situation to a guy last year that will haunt me forever.

I was prepared to spend a ridiculous fortune for 1 coin and as a result did not bid on many others in that show I would have liked, only to see that 1 sell for an astronomical number. In retrospect, I probably would have and should have paid that amount, though I doubt the other bidder would have stopped if I had kept going.

The sequence of items in a sale and knowing how much money to save for a lot late in an auction is something I struggle with - and I've missed out on many 'early' coins as a result.

paigowjohnny

I'm going thru it right now with an ebay auction I'm sitting on...

PhillyJoe

I bid on coins I can't afford with money i don't have. That reminds me, I need to go to the pawn shop and get my kids back.

Joe

SemperFI

I woke up early this morning to bid on a VIP sac dollar that for some reason no one bid on it. I lost tho. Someone sniped it on me in the last few second right after I sniped it off of that person. It sold for a measly $285.00. The one the night before sold for double that and the one a few days ago sole for triple that. Oh well. Better luck next time.

link

baccaruda

It sold for a measly $285.00. The one the night before sold for double that and the one a few days ago sole for triple that.

maybe you'll get it tomorrow for half of that.

paigowjohnny

I hate snipes !!!

MosesBlack

No pressure. I bid what i am willing to pay and go on with my life.

merz2

leo
The only time I felt the pressure was the Heritage auction,where I lost the last coin I needed to complete my Registry Set.I placed a bid 2x's PCGS price guide value and still lost it.I kick myself every time I look at the hole in my set.

MrKelso

Never. It becomes a war between me and the person that wants it as bad as i do. The item being bid on is no longer in the picture. It's win win win. I love causing the other guy to sweat.

Bulldog

Nope I snipe and go to bed, get up, see if I won or lost. Go to work!