DBLDIE55: WHY DID YOU JUST BID $9,000 ON A JEFFERSON NICK
wondercoin
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I will not spend the next 20 minutes writing about dbldie55's repeated "warnings" on buying "modern" coins on these boards over the past year. I will simpy ask: dbldie55: Why did you just bid around $9,000.00 on a Jefferson Nickel on ebay? 
Wondercoin.
Wondercoin. Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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Never thought for a minute I would "win" it. I bid on many lots that I have no intention of winning, I just like to see what they go for. Once they are in my bidder list, it is easy to see.
The other reason, of course, was to see what your reaction would be.
Keith
In honor of the memory of Cpl. Michael E. Thompson
I have pulled all of my bids from the auction. Wondercoin
I have no information that the seller of this coin has any knowledge of anything improper going on in his auction and wish him the best of luck with the sale. I just will not allow my honest bid to be run up by the thousands of dollars by bidder(s) who have no interest in even owing the coin. Wondercoin.
You won't allow your "honest bid to be run up"? Then don't bid until the end of the auction. If you bid early then this is the chance you take. If you don't like the rules of the game, then go find another game. Sorry.
Greg: The reserve was not met when I cancelled my one bid placed in the auction.
the right of the people to keep and bear arms shall not be infringed
Join the NRA and protect YOUR right to keep and bear arms
To protest against all hunting of game is a sign of softness of head, not soundness of heart. Theodore Roosevelt
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E-Bay finally figured out how to kill the Fee Avoidance issue by allowing a seller to contact other bidders with "private offers." That way, you still sell the coin below the reserve if you want, but E-Bay still gets a commission.
Keith
Why are you doing this? Are you trying to make a self-deprecative joke? Your comments make no sense to me.
I remember seeing a "collection of coins" listed with a reserve plus an opening bid around 90K. This looks like someone who is looking for a potential buyer using the fact the reserve would not be met to avoid Ebay fees on such a large transaction. Many different things go on with these Ebay auctions.
This is a "five figure" coin, as most Jeff. collectors will recognize, but the only thing I don't understand is, why is your bid one just to "follow the auction" and another's is a shill bid? I still don't understand why you are doing this.
I do not think they are a shill! That is only one possibility.
Like I said, I bid on many things I do not expect to buy. If no one else bids, and I win, then I win big as I would not bid an amount that was worthy of the win. If this is a five figure coin, and I won with my bid of $7,900+, does that seem like a bad thing (for me)?
The buyer got a coin at a price they were willing to pay. Hasn't anyone here bid on a lot at an auction just to run up the price because you knew the other bidder and didn't like him? Hasn't anyone here bid on eBay just to run up the price because the current high bidder is your eBay nemesis?
I know the logic. Within a 48 hour time span, there were 3 1970-D Kennedys on E-Bay, a coin that I had been seeking. I only had a spot for 1 on my watchlist, so I bid on two coins on my watchlist so that I had space for all three.
I won't be the runner-up on any of the auctions that I have bid on, won the one auction I wanted to win, and now have 3 empty slots on the watchlist to start up again. I won't place a non-competitive bid on a coin that has no reserve and a Buy It Now, but if the coin is reserved or priced low to final value, I don't mind putting a bid out.
Keith
You may be right-on, here, Greg. But why would one make a display of arguing if your nemisis is a seller?
Ddie's actions don't make any sense to me.
actually bid on one or two of the other items on your watch list, and they will show up on your "bid list", than you can delete it from you watch list, to make room for more items.
I think you have just chosen to be obtuse here. (imho) ...and that's ok.
Have Fun.
Perhaps more of you should learn how Ebay actually works so you can be more comfortable with it. When you bid on a auction with a reserve, and the reserve is not met, you do not have to buy it. Nothing wrong has been done (period) no need to keep going on over and over why you did it. (comprende')
The things I keep in my watch are important to me! Like the coin that ended up in another auction that I am sure had a shill bidding scheme going on. I could have deleted the first one, but then I would not have figured out what was going on(and reported it to Ebay). I guess I should avoid these clear discrepencies with Ebay policy so that I can place items in my watch, even if I bid I would not violate any of the Ebay rules!
I can only think that someone is trying to show less interest than there is. Why isn't everyone emailing the current high bidder about their bid? (he/she probably wants to buy the coin) Some people probably are!
Edited to add: Most of the things on my watch list are actually closed! I cannot bid on them.
Please answer that!
I bid on an auction with a reserve, I did not meet the reserve! I did nothing wrong, nothing unethical period. What in the hell did I do that does not make sense? I heard from someone that everyone here considers an expert in the field of Moderns (especially you!) that they would consider a bid of less than $10,000 a deal. I put in a bid of less than $8,000 for this coin. What did I do wrong? I did not expect to win at this bid (would you?) Please enlighten me!
I expect (just mho) all this double (on the bid list and watch list) talk, is to cover a deep seeded anger with WC. Just come clean.
PS. Please don't include me in a group that thinks Mitch is an expert in moderns. It is just a forte. Mitch is an expert in many essential facets of numismatics. Modern coin sales and expertise is but a small portion of his vast knowledge - yet untapped on these boards.
You may need to figure out how Ebay works!
"I would do this out of fun with WC, but not anger"
I am glad you wouldn't do this out of anger.
Maybe Ebay can find a way to avoid frivolous bids.
Now, once again, can you tell me why you make meaningless, frivolous bids on lots from people whom you respect?
Just kidding. Let's drop it.
Am I missing something? I thought that after (about) 30 days eBay purges listings and if you try to access any one, you get a message saying “out of database” or something to that effect. So what is the point of keeping them on your list?
I used too save (to my disk file) eBay auctions of interest, especially if they had pictures I wanted to keep. It gave me the ability to name the files in a more meaningful way, to organize the auctions into directories, and to keep track of them nicely. Over time, I found that this was a bit of overkill: I rarely consulted these files, so now I only do it once in a while.
dbldie55: You do realize that when you placed your bid, you had no idea whether you were going to "Hit the reserve" or not-right? You could have hit the reserve-right? That, and other reasons, is why your bid of $8,000 was inapprorpriate. I have no problem with a collector tracking a coin with a very tiny bid, but have NEVER seen a classic collector tracking a modern coin with an $8000 bid!!
This may not be the best analogy, but it came to mind. Two or three players are intensively in a hand of 7 car stud poker with one going for an inside straight. One of the players that has already folded the hand, by accident or otherwise, drops one of his cards and it turns over and reveals it is one of the cards needed to flll that inside straight. Yes, this action would do nothing to change the outcome of the hand from the standpoint that the next card dealt would be what it is regardless. But, the turning over of that out card TAINTED the hand nonetheless.
It really isn't appropriate to "have some fun" in an auction of HIGH STAKES. There are many things going on "behind the scenes" in the formulation of the real bids.
So what do you guys expect?
Should sellers of coins like these make the auctions private?
Can we try to rig auctions here? Make it a custom to never bid on an auction where you are bidding against someone here? That doesn't sound right. I certainly want to reserve the right to bid on coins you all are bidding on.
I don't know about you guys but I often bid thinking there is no chance I'll win. But you never know, maybe there will be an eBay outage or something. For the same reason I buy lottery tickets. I really don't expect to win. So don't ask me to refrain from bidding on an auction where I expect to lose. Oh, I have fun doing it too!
Oh, my, here I go with a long reply
Just out of curiosity, what is going on "behind the scenes" in formulating your bid? I mean either you bid enough to win, or you don't. Are you are negotiating with the seller and putting up a bid to show you "mean business"? That could explain why you are upset at the "non-serious bids" because it gives the seller the indication ( perhaps incorrect ) that others are willing to pay much more than you.
Greg
I would think this type of action would taint the "pure marketplace", skewing the supply/demand balance, and therefore affect prices, again, speaking in generalities.
This should concern ebay (but may not), and an easy answer would be to expand the "watch list" from only twenty entries.
The limitation of twenty is chosen to be "just under" what may be deemed as necessary, so lookers are "forced" to bid, just to watch. This limit may backfire if prices are unduly affected, yet perhaps, since prices only would go up from the mis-perceived demand, ebay would only enjoy the increased fees, and the seller should be happy if the lot sells, in general, only the consumer(s) lose.
I think that you just hit the nail on the head. 20 items in a watch list is not enough. Teletrade has like 90 or 120 I think. Normally, I have 18 to 20 in my list, all active auctions that I want to see the final price or bid on. If I place a bid, the item then is removed from my watchlist, but there are always others to replace it.
Most of the stuff that I have seen has not been affected by "watchlist bidders," since the ones who end up winning have typically shown a pattern of wanting that kind of coin, at least with the ones I usually keep an eye on.
Keith
A bid was made, it would have been honored if it won. Whether the motivation to bid was to get it on the watch list, or to actually win the coin, is irrelevant.
As long as the bidder would honor a potentially winning bid, I don't see anything wrong or even distasteful. Especially if the bid didn't hit the reserve.
Let's face it, if there's a gem 1895 Morgan for auction, and I bid $5000 ("running up" the price by, say, $4000 in the process), what's the harm? I won't have met the reserve, that's for sure, and if by some miracle there's no reserve and ebay goes down until the end of the auction, and I win, great! I wouldn't have cost any other bidder a dime.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
the right of the people to keep and bear arms shall not be infringed
Join the NRA and protect YOUR right to keep and bear arms
To protest against all hunting of game is a sign of softness of head, not soundness of heart. Theodore Roosevelt
[L]http://www.ourfallensoldier.com/ThompsonMichaelE_MemorialPage.html[L]
If Ebay finds out someone is trying to make a deal on this coin outside of Ebay, then those parties may be needing a new internet auction house in the near future. That is the only thing that appears to be going on that is not proper.
For what it is worth, I am considering a $100,000 bid on one of Michael Casper's coins
Pop1 How this type of action would taint the "pure marketplace" is pure taint since the marketplace values taint based on coins that taint met reserve or taint sold so this whole thread taint meaning a darn thing.
select one of the following and then enter the bid amount.
1) honest bid
2) shill bid
3) frivolous bid
4) auction watching bid
5) retractable bid
6) run-up the auction price bid
7) sniping bid
8) meet the reserve bid
9) don't meet the reserve bid
10) don't meet the reserve and negotiate w/seller after the auction is over bid
11) lowball bid
12) overpriced bid
13) non-paying buyer bid
are some of you saying that all underbidders should be eliminated before the bidding begins? that wouldn't be much of an AUCTION.
who really cares why or how much '55 bid on the coin. FACT is he didn't meet the reserve so what does it matter to you, me, or anyone. It doesn't. From what I've read here, if his bid would have met reserve and he would have won, he would have paid.
I don't understand all the whining about him not being serious. WHO cares if he is/was. He could have bid 1,000.00 on it.
it all comes down to when the time runs out.
I just auctioned a circulated FE cent on ebay for 29.50. maybe I should go into my bid history and tell all the bidders (less the top 2) that I did not appreciate them bidding. now that makes sense.