Are you hesitant to bid on coins where the reserve isn't met?

Barry

I'm following a few coins at Heritage and none have met reserve yet. Does that come into consideration when you decide to bid (or not)?

Barndog

No...I decide what I am willing to pay, not the seller or the auction house. If I don't win for not meeting the reserve, my dinner will taste the same.

TahoeDale

Sometimes

flaminio

Rarely. I determine my price, factor out the b/s/h/i/t, and then enter my bid. If it meets the reserve and I win, I do a little happy dance. If it doesn't, I move on.

JDelage

Yes. I don't like not knowing what it takes to be "in the game".

Also, I think that for markets that are liquid, reserves shouldn't be needed.

Is there a lot of instances of coins selling for less than their value if no reserve?

kranky

<< <i>Yes. I don't like not knowing what it takes to be "in the game".

Also, I think that for markets that are liquid, reserves shouldn't be needed.

Is there a lot of instances of coins selling for less than their value if no reserve? >>



Well, some people don't want to sell their coins unless they get the price they want. So they dangle it in the auction and see if someone bites.

RYK

It really depends on the coin and circumstances (ie. how long the auction has been active, return priv or not, etc.). If it is an area in which I have a lot of confidence, I will try to buy the coin no matter what others are doing.

291fifth

Yes. It can be a good indicator that demand for that particular issue has slipped. Don't bury yourself, especially in this market.

BigD5

I just bid. Whatever I think something is worth to me, BANG. If I win it, great. If not........maybe next time.

I could care less about reserves.

Nocerino18

Sometimes, especially if I need the coin right away. The reserve might be set way too high and I might be just wasting my time.

marmac

same as BigD5- make my bid and await the email notice. I like tracking the reserve prices as well.

Fletcher

9 times out of 10 I will not bid on a "reserve not met" coin even if I like it. Coins are like busses, another one will be along in a few minutes

ColonialCoinUnion

I couldn't care less if the reserve hasn't been met - if I like it and the price is right I'll bid.

I originally thought Heritage's concept of showing the 'next bid meets reserve' was strange, and now after seeing it for a while I still do. But it is useful for removing the mystery and cutting to the chase.

Shamika

Hesitant? For some reason, I usually am.

mercurydimeguy

Of course you bid...who cares about reserves, etc???

The idea is to buy low and sell high.

Some people would rather pay more $$ for a coin someone else is willing to pay more $$ for, without really knowing why the other person is willing to pay more.

Kind of idiotic!

I just won a coin for about $150 less than I've sold one for in 1 lower grade (both equally nice/PCGS coins)

Buy low -- sell high.

...and I'm not a coin dealer, either. Just simple economics.

JoesMaName

I never bid on them - I don't waste my time with reserve auctions.

RedTiger

Yes.