Teletrade now allows you to increase your max bid

relayer

I haven't bought anything on TT since they raised the vig.
But requiring 2 bid increments will probably delight the shills

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News for Thursday, December 08, 2005


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New: Increasing your Max Bid...

As a result of recent feedback to Teletrade - we have implemented the ability to increase your Max Bid, during and before an auction.

Whether you are the current high bidder or not, you can enter another Max Bid, providing it is at least two increments above your current Max Bid. Please note, all Max Bids are confidential. The Teletrade Computer will compare your bid to those of other bidders and only bid as necessary to maintain your high bid position, and purchase the lot at the lowest possible bidding increment above the second-highest bid.

lacoinboy

That is very cool! i dont think anyone else has that feature, not even heritage do they?

pontiacinf

<< <i>But requiring 2 bid increments will probably delight the shills. >>



that i feel is an understatement...

seateddime

and then some

roadrunner

I once again requote the full page TT ad in the Numismatic News:

"Teletrade is the clear winner............."

enough said.

roadrunner

Cameonut

<< <i>"Teletrade is the clear winner.............": >>



The way I figure it: TT will now allow people who didn't place a max bid high enough to meet their minimum a another chance to spend more than they otherwise would have.

TT is a joke.

Edited to correct the quote.