I just used the same strategy (on 1/100th of the scale of the 1794 $1) and bought my newest coin for 20% less than I expected it to go for. On a second coin where I didn't jump the bid, I won it exactly at my maximum, but three internet bidders and I went back and forth at least a dozen times and had I jumped it, I imagine I could have shut them down much faster.
While we can shine up our crystal balls as much as we like to try to figure out what may have happened had they not jumped the bid, it is a method which has a solid track record.
Learn about our world's shared history told through the first millennium of coinage: Colosseo Collection
What purpose does a "straight line" graph with a log scale serve? If the price scale were linear, the price paid graph would be a dramatic upward curve.
I still say the answer is most accurately arrived at using a set of discontinuous equations. The evidence is already in that this Forum has a healthy understanding of chaos theory.
Oh, I see the problem now. Calculations should have been made using base 0 logarithms. OMG, the 2nd derivative is a googolplex. TDN gets the Lilly Collection in trade and the gains on the coin will be enough for us to retire the entire national debt. Let's screw the Chinese and pay them off with pennies (post-1982)
There is a flaw in this scenario. TDN will recognize it immediately, so is barred from the contest
Oops, since there's no prize for the contest, I'll spill the beans. TDN doesn't collect gold
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Comments
While we can shine up our crystal balls as much as we like to try to figure out what may have happened had they not jumped the bid, it is a method which has a solid track record.
<< <i>What purpose does a "straight line" graph with a log scale serve? >>
It shows a constant historical mathematical progression in the price of the coin
<< <i>If the price scale were linear, the price paid graph would be a dramatic upward curve. >>
Very good - you pass Algebra 101!
Oh, I see the problem now. Calculations should have been made using base 0 logarithms. OMG, the 2nd derivative is a googolplex. TDN gets the Lilly Collection in trade and the gains on the coin will be enough for us to retire the entire national debt. Let's screw the Chinese and pay them off with pennies (post-1982)
There is a flaw in this scenario. TDN will recognize it immediately, so is barred from the contest
Oops, since there's no prize for the contest, I'll spill the beans. TDN doesn't collect gold