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Is it prudent to put a bid on a Heritage lot before "just before closing"?

RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
in PCGS Set Registry Forum
Is there any point to add one's bid to a Heritage auction until "the last minute"?

Comments

  • DabigkahunaDabigkahuna Posts: 3,419


    I like to wait until the last minute usually but the Heritage site can be real slow just about then.

    With the Signature Auctions, Internet bidding closes a day before the live bidders get a shot so it kinda depends.

    Larry
    Dabigkahuna
    image
    My Ebay Auctions
    image
  • LakesammmanLakesammman Posts: 17,409 ✭✭✭✭✭
    Where's the snipe software when you need it??image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭
    May I ask why it would not be prudent ? Heritage Auctions are Auctions are they not ?.....image

    Ken
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Are we (internet bidders) just making the price rather "juicy" (for Heritage) by "upping" the bid amongst internet bidders before the end. (End defined rather broadly, because it can be a gamble to get into their site near the end of the auction...)
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Or because of "reserves" does it matter at all? image
  • FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭
    I should have said that if a chance to win the coin at the price I will pay, yes it is prudent. Just to place a maybe bid I say probably not. But then you never know without a try. image

    Ken
  • CocoinutCocoinut Posts: 2,512 ✭✭✭✭✭
    Bidding in the Heritage auctions is much the same as on eBay; if you can snipe in the last seconds, you have a good chance of winning the lot, provided the bid meets any reserve. I had coins in the Signature auction at FUN, and some of the lots received no floor action, but were sold to mail or internet bidders. These were my first coins sold in a live (not internet) auction, and I placed no reserves on them, though I can't say whether Heritage placed reserves on them.

    Jim
    Countdown to completion of my Mercury Set: 1 coin. My growing Lincoln Set: Finally completed!
  • lazeroolazeroo Posts: 296
    just put a low bid to keep track of your lots. and then bid at the last ten minutes.

    only one problem, there internet is real slow so it might be hard to get on to bid then . image
    may the force be with you.



    rob.
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    From what I have seen, most of the time unless it is an Internet only auction, I would not bid on a Heritage auction unless I was there in person.
    Bill

    image

    09/07/2006
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