Ever win the wrong lot?

BryceM · January 11, 2015 1:25PM

So....... I was pretty happy to win a coin in the HA auction......... until I realized it wasn't the lot I wanted. It seemed to go pretty cheap.

In other news, I was the under-bidder on 4 or 5 lots. All together, it was nothing but frustration.

Unknown · January 11, 2015 1:27PM

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lasvegasteddy · January 11, 2015 1:33PM

happens to me in another way....all the time
some of my buys really end up costing me

but no
wrong lot?

you bid on this lot # right?
or
you bid on lots you don't want?

maybe a lil more specific's would help a layman like me

Jinx86 · January 11, 2015 1:46PM

Last year I placed bids on two wrong lots, ended up with two great seated dollars.

MGLICKER · January 11, 2015 2:02PM

Went to a tool auction in 1979. Thought I was bidding on a large lot of vises. Ended up with a whole bunch of trickle chargers.

Never have made that mistake on a coin auction......yet.

BryceM · January 11, 2015 3:40PM

'twas in the Heritage Sunday afternoon FUN auction.... I learned long ago to stay away from the little red "live bid" buttons, especially where poor Internet service and Murphy sometimes team up to sabotage everything. Being a cautious soul, I therefore entered my proxy bids a few minutes before the lots in question came up. I then set back to watch it unfold & to my great surprise I happened to win the lot before the coin I've been watching for two weeks. While trying to make sense of it, the lot I did want came & went. That's the part that really bugs me. Apparently I was a line off. Oh well. It looks like it isn't a horrible coin and I actualy got it at a half-decent price. It should be more-or-less flippable. We'll see. Both of them were widgety enough that it isn't the end of the world.

ebaybuyer · January 11, 2015 3:50PM

ive been awarded a lot that I didn't bid on, the auctioneer transposed paddle numbers.

lunytune2 · January 11, 2015 8:32PM

My dad has a construction company , we needed a skid loader. He bid on the first one he liked and thought he was outbid , so he bid and won the second ... at the checkout line , ended up he won both ... good thing his business is doing well and he had the funds to purchase both.

ricko · January 11, 2015 9:49PM

Never had that happen..... won a lot at an entry bid once..that was a shock...Cheers, RickO

WildIdea · January 11, 2015 9:53PM

I was getting acquainted with HA live internet bidding and was wondering what "cut bid" was so I clicked it. OK! Its a half bid. I was quickly outbid thankfully, but I got a chuckle out if it.

CoinRaritiesOnline · January 11, 2015 9:54PM

If you bid in enough sales it will happen eventually.

rhedden · January 11, 2015 9:57PM

I accidentally bid on a cleaned Seated coin (common date) in a details holder in a Heritage Tuesday auction last fall. Someone immediately outbid me and I let out a sigh of relief. They probably bid on the wrong coin, too.

winky · January 11, 2015 10:00PM

Never did that but did bid on things I wish I hadn't and got them. Ugh!!!

lasvegasteddy · January 11, 2015 10:23PM

" That's the part that really bugs me. Apparently I was a line off"

SCARY

so you're saying
you could of won a job lot of 1995 special Olympic commens...oh my

ms70 · January 11, 2015 10:30PM

Yup, I've done it. I was watching the list of what was on deck & when my lot reached the top of that list I started bidding and wound up with an encased postage stamp.

I did get the coin I wanted when I realized what I did and eventually sold the stamp on eBay for what I paid, so it worked out ok....

Casman · January 11, 2015 10:54PM

I was asked once to bid in an auction for my buddy John. The instructions were to wait until the last 10 seconds or so and throw in the bid of $20K. Anyways, when I got got home my dog was very sick, so I ended up at the vet.

Called my other buddy Brian, and gave him the info and instructions and he said he was on top of it.

Next my buddy John called and said Hey, there's 2 hours to go, why'd you bid? I said I didn't and told him I was at the vet and that Brian was going to handle it. He said well, didn't you give him the instructions? I said I did but I dunno wtf he's doing. I hung up and called my Brian...I'd said hey, why'd you bid? He'd said it was an accident...but that he had this, not to worry.

I hung up with him and my phone rang again...

it was my buddy John's girlfriend...She said he was real mad and told me not to do anything more that she just got home and that she was going to bid.

I hung up with her and my phone rang again...

It was my buddy John and he said I screwed everything up and not to do anything as he made it up North to the cabin and he was going to do it himself.

I got out of the vet earlier than expected and made it home with 5 minutes left to go in the auction. It ended and between the 3 of them they couldn't get the bid in...

That's the last time I volunteer. I'm not even sure if you can have 3 people logged into ebay at the same time and bid?

pcgs69 · January 12, 2015 12:22AM

Back when Teletrade came out as a magazine-like publication in Numismatic News (or Coin World?), they had two auctions per issue I believe. I bid on the wrong day's auction and ended up with a Franklin half instead of what I wanted.

roadrunner · January 12, 2015 1:20AM

I bid on a choice unc MS64/65 bust quarter back around 1984 out of a major auction. I saw all the lots before the sale and even bid from the floor. What arrived in the mail a couple weeks later was not the same coin I bid on. This one had a huge scratch bisecting the entire obverse. The coin was ruined. The company claimed it was the same coin and told me to take a hike. I had a friend in the business who took the coin and managed to dump it for MS64 money (possibly to the same auction house as they had some ties to those guys). While I "only" lost $2K on that deal (rather than the $4K an MS61/62 was worth) it was a lesson learned about dealing with anyone but the very top tier of auction houses. In 2006 that same dealer was given a 5 yr prison sentence for Ebay coin fraud involving over 100 people and >$1 MILL...............Not in time to help me though.

mercurydimeguy · January 12, 2015 1:41AM

I win about 4-6 wrong lots per year, most end up on eBay

My loss is my punishment for not being more careful...

On a separate note, I have no idea why but auction prices are beginning to be much higher than what the coins might sell for elsewhere. I (personally) have 2 specific coins for sale at 60% of what similar coins sold for at auction, and this has been a growing trend all year.

Collectors seem to be chasing coins at GC and HA and SB and LEGEND and GOLDBERG, while similar/better coins go unsold on eBay and on the BST for fractions of the cost.

Oh well, just one guy's observation...

Ever win the wrong lot?

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