I have backed off coins that friends have wanted, but not with the intent of holding down prices. If I know someone wants it more than me, needs it more than me, and/or can outgun me, I will often pass. I do not believe that this is collusion.
I have colluded with myself and not over bid so that someone else could have it for a price I was not willing to pay hence the price is lower than if I would have bid again.
if someone else wants the coin more then me, im going to make him pay for it. I will not back off, but will probably go a little bit higher than usually in this situation.
<< <i>I have backed off coins that friends have wanted, but not with the intent of holding down prices. If I know someone wants it more than me, needs it more than me, and/or can outgun me, I will often pass. I do not believe that this is collusion. >>
It is not exactly cheating, I prefer to consider it creative problem solving!!!
<< <i>I have backed off coins that friends have wanted, but not with the intent of holding down prices. If I know someone wants it more than me, needs it more than me, and/or can outgun me, I will often pass. I do not believe that this is collusion. >>
I have been in partnerships that purchased coins at public auction. This was much more prevalent in years past. In the spirit of the law, it probably is collusion. A true partnership should be in place before the auction, along with documents, IMHO. Otherwise, it is probably illegal.
PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows. I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
<< <i>if someone else wants the coin more then me, im going to make him pay for it. I will not back off, but will probably go a little bit higher than usually in this situation. >>
Yeah, I do that sometimes. If some turkey on eBay keeps outbidding me when we are chasing the same coins, I will bid more than I otherwise might to make him pay -- and make him pay too much in some instances. So is this "reverse collusion"?
Comments
I have colluded with myself and not over bid so that someone else could have it for a price I was not willing to pay hence the price is lower than if I would have bid again.
PM'ed to find out how high I was willing to go.
<< <i>I have backed off coins that friends have wanted, but not with the intent of holding down prices. If I know someone wants it more than me, needs it more than me, and/or can outgun me, I will often pass. I do not believe that this is collusion. >>
There have been times when I knew some big money boys were after certain auction lots, so I passed on them thinking I would be outbid anyway.
now ebay on the other hand.....
<< <i>I have backed off coins that friends have wanted, but not with the intent of holding down prices. If I know someone wants it more than me, needs it more than me, and/or can outgun me, I will often pass. I do not believe that this is collusion. >>
That's about it for me. --Jerry
You and I were both guilty of that in Michigan a couple of yrs. ago.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>if someone else wants the coin more then me, im going to make him pay for it. I will not back off, but will probably go a little bit higher than usually in this situation. >>
Yeah, I do that sometimes. If some turkey on eBay keeps outbidding me when we are chasing the same coins, I will bid more than I otherwise might to make him pay -- and make him pay too much in some instances.