Teletrade - Missed my chance

skerke

Just a quick story. The other day (wednesday teletrade auction. I spotted an 1892 Babrer quarter out there for $450 ( next bid $475..) I was hoping to take them up o nthere get $100 off your first teletrade on an invoice over $500. I figured like ebay I could possibly snipe the coin in the last minutes. $475 + 10% fee = 522.50 - $100 my coupon means I get an MS63 barber for $422 - not the best deal but a fair deal.

I wait then I hit my max bid 475 hit enter, and confirm and then get distracted for a moment - I turn back auctions over and there's a message that my bid had to be 2 ticks higher $500. Oh well, lesson leanred max bid has to be two ticks higher than current. Use th bid now for a 1 tick increment. That all said, there will be more of them I'm sure....


Does teletrade have these 'promos' often? Quarterly yearly? a hundred bucks savings on $500 is pretty good.




Skerke

xbob

I too missed out on this coupon deal. I can't afford a new purchase over $500 right now, but there was one coin that would have been a trade up for me if I bought then sold the one I have. It closed at $500 and I forgot to bid. Darn! I hope they run the promo again.

badger

I bought a $1k+ coin with the incentive of using the coupon. BUT, I paid by credit card and the coupon can only be used when sending in a check. So, I had to buy a $500 coin to use the coupon.

Badger

stephunter

I bought a $700- coin for 150- so I did not get a chance to use the coupon. Bummer

skerke

Which coin did you snag? I was new to checking out Teletrade, are there bargains out there? I also wanted to check on the realized price for the quarter - should have been $450 the way it went, but when I look a the realized prices, it doesn;t show up, my only thought was the owner bid it up to buy it back? Does teletrade allow a sleer to bid on their own items? For that matter does ebay, funny never thought of it till now.



Skerke

Coinhusker1

I have never bought off Teletrade, but if I understand correctly, if you snipe you have to be 2 increments higher? That blows!! And, if I were a seller I do not think I would like that either!!

sinin1

you do not have to be 2 ticks higher

the current high bidder must have had a max at one bid higher or aniother bid came in while you were entering data

sniping is hard on teletrade - you almost need to bid 3 increments higher iin last minute

make sure your bid amount is an acceptable value

mozin

If a Teletrade coin lot has a buy back Teletrade will work its way up to that buy back figure throughout the bidding time so at the last few minutes the next bid should win the lot. At least this has always been my understanding, and I have asked lots of questions. When the lot in question does not show up in prices realized it simply means the lot did not meet the buy back figure, which by the way, happens to me on Teletrade most of the time.

I did not see an 1892 quarter which fits your description when I checked price guide either.

By the way, I also could not find a lot worth $500 to bid on so could not use the $100 off coupon.

CarlWohlforth

I do remember thinking a max bid at TT does have to be two increments above the current bid, otherwise you would just do a plain bid.

That $100 coupon probably doesn't cost TT anything. I bid more on something figuring if I won I would use the coupon and the net would acceptable. I got out bid by $25. The winner probably also used a coupon.

Probably more items get bid up $100 more than otherwise then there are coupons. Also these inflated prices will show up in the price history which could encourage people bid higher in the future.

MFH

I used my cupon last week to complete my 1889 gold set with the addition of a gold dollar in PCGS MS 63. That was a nice promotion.