So How Do You Folks Feel About The "Private Auctions" On The BST?

stman

Ok, we're used to seeing for sale threads on the BST, only to have an ebay link and that's accepted. But more and more these days I'm seeing "For Sale" only to open the thread and say to myself great no ebay auction.

After reading what a person has for "Sale" they ask for offers and say it is an auction. So basically imo they are running a private auction. Now I can understand folks wanting to get the most for their coins.

It just seems most people don't want to put a darn price on the things.

And of course since these are forum members we KNOW we'll get a fair shake when giving our bids that aren't in increments. We are suppose to email or PM our bid to them. Basically the owner of said coins tells us they have a bid for a certain amount. So we know that's fair RIGHT?

jbsteven

I personally will not bid on private bid auctions

clackamas

I think private auctions are a good way to sell a coin. For instance you have a top coin you offer it a price. A couple few people come in at the same price on an offer. Who do you give it to? A private auction seems fair.

NoGvmnt

"I personally will not bid on private bid auctions "

Same here, personally I don't believe it should be allowed, it IS the buy, sell, trade board isn't it?


"Ok, we're used to seeing for sale threads on the BST, only to have an ebay link and that's accepted."

Stman, It really has not been acepted, some people tell the poster that they need to put "Ebay" in the header and others just don't bother to look at the auction.

Jim

byergo

If you know your bid is strong you shouldn't fear a private auction. If you don't want to be exposed for "ripping" coins I can see why you'd shy away! Nothing wrong with a seller taking high dollar for his/her coin(s).

mdwoods

It depends on who is selling/auctioning the coin. I'd trust certain folks because I've dealt with them or they have a good rep.

baccaruda

It sounds like a good system to me - tell the seller what your bid is and if you're the best offer, you get the coin. I don't see anything inherently unfair with the system.

baccaruda

I can understand not wanting to put a price on things. When I sell on Ebay I generally get SIGNIFICANTLY more than I planned on getting.

When I recently sold the last of my 1999 silver sets on Ebay, they fetched $240 each - I was hoping for $200 each.

stman

<< <i>It depends on who is selling/auctioning the coin. I'd trust certain folks because I've dealt with them or they have a good rep. >>



Aha, but they are board members. We're supposed to trust that they are running the private auction fair right? They say to PM or email your bid. I'm sure there would be nothing to worry about the whole thing being fair though. (wink)

Frankly I feel sometimes they might receive more money just putting a price on it.

goose3

I don't mind it and the ebay listings but it seems that there are always people that

1. refuse to put EBAY in title
2. refuse to put ebay in title and instead substitute FOR SALE........uh........It's NOT for sale
3. people that continously ignore the unwritten rule of TTT'ing ONCE per day and starting multiple threads at the same time for a couple of coins and TTT them more than 1x/day. Thread titles like BigD uses (for example) are always going to get me to look inside!
4. people that say that a website is updated...........personally I don't understand these threads
5. if it isn't an actual coin/coin book for sale, wanted, auction, make offer, then I think the threads should be removed

Oh, this isn't a B/S/T gripe thread is it?

If someone chooses to list something as you say "private auction" on the bst board I don't have a problem with it. I actually bought a nice coin last week a seller had listed as "make offer". I made an offer and we were 12.00 apart.

I think some of them are worried that they might be asking too much or even too little and want to test the waters to find out.

K6AZ

I never bid on blind auctions, either on the BST board or elsewhere. I like the ones on the BST board that require bids to be posted in the thread, I think that was a great idea.

stman

<< <i>I like the ones on the BST board that require bids to be posted in the thread, I think that was a great idea. >>



Bingo.

mdwoods

Aha, but they are board members. We're supposed to trust that they are running the private auction fair right?

I don't trust a person just because they are a board member. There are a lot of board members I have met that I wouldn't trust in the situation you described. There are a lot that I would trust.

puff

<< <i>Aha, but they are board members. We're supposed to trust that they are running the private auction fair right?

I don't trust a person just because they are a board member. There are a lot of board members I have met that I wouldn't trust in the situation you described. There are a lot that I would trust. >>

RYK

I have no problem with it. I especially like the open bidding format in which the bidders post their bid within the thread. As goose points out, there are many more annoying habits (tons of TTTs, multiple threads started at once, etc.).

islemangu

I like the ones on the BST board that require bids to be posted in the thread, I think that was a great idea.

Russ

<< <i>If you don't want to be exposed for "ripping" coins I can see why you'd shy away! >>



Why would anybody worry about that? Hell, when I rip a coin I want the world to know about it! That's the goal every time out.

Russ, NCNE

DennisH

I won't have anything to do with them.

EvilMCT

I see nothing wrong with them. I just don't participate.

Ken