What would you call a nuclear bid

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ReadyFireAim
ReadyFireAim Posts: 1,860 ✭✭✭✭✭
in U.S. Coin Forum

So far as PCGS price goes

My Saint Set

What would you call a nuclear bid

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  • logger7
    logger7 Posts: 9,858 ✭✭✭✭✭
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    High enough in an active physical auction that will end the bidding.

  • JBN
    JBN Posts: 2,007 ✭✭✭✭✭
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    What @logger7 said.

  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
    edited October 18, 2020 4:46PM
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    100x. This was for a PCGS piece but there's no Price Guide price so I had to go with realized auction prices which tended to be for raw pieces, but ones that could be gem. I had to stop myself when the next bid increment would take me over 100X.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • DNADave
    DNADave Posts: 7,350 ✭✭✭✭✭
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    My last was a 300 bid on a Mel Wacks bicentaler. Got it for 200 and was thrilled.

  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    I don't know how it happened....but I was bidding on a $2-300 coin on Heritage the other day. When I got the email results the next day my Max bid on the lot was $178,xxx.00. :o

  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
    edited October 18, 2020 5:11PM
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    @PerryHall said:
    I would call $10,000,000 a nuclear bid. ;)

    Well, what if it's just going with what it sold for last time :)

    Private Mint News | 2010 Lincoln Reverse Finalists
  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    @Zoins said:

    @PerryHall said:
    I would call $10,000,000 a nuclear bid. ;)

    Well, what if it's just going with what it sold for last time :)

    I was talking about the "last time". :D

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cameonut2011
    cameonut2011 Posts: 10,871 ✭✭✭✭✭
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    @PerryHall said:
    I would call $10,000,000 a nuclear bid. ;)

    The most famous nuclear bid in U.S. coin history...

  • cameonut2011
    cameonut2011 Posts: 10,871 ✭✭✭✭✭
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    It depends on the coin. I've bid 10x on a coin and was no where near the highest bidder on a top pop toned SLQ once.

  • clarkbar04
    clarkbar04 Posts: 5,027 ✭✭✭✭✭
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    One that completely destroys your wallet.

    MS66 taste on an MS63 budget.
  • logger7
    logger7 Posts: 9,858 ✭✭✭✭✭
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    In a club meeting a long term dealer friend noted in the last month auction meeting how a sharp member seemed very eager for a Chinese piece that had no real correlation between what it was, and intrinsic value. Next month we agreed we would buy it and as the bidding was going up on a similar item, he put up his paddle at $300 or so. I sold the item on ebay for over $1K and split the profit with Don.

  • BillJones
    BillJones Posts: 35,933 ✭✭✭✭✭
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    2X

    Twice what the coin is worth according to the catalog and the previous auction results.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • WAYNEAS
    WAYNEAS Posts: 7,271 ✭✭✭✭✭
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    so how many times has your "nuclear bid" cost you a fortune because you could not resell it at a profit

    Kennedys are my quest...

  • oih82w8
    oih82w8 Posts: 13,207 ✭✭✭✭✭
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    I would call a nuclear bid one that you would not recover from.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
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    A bid that damn near bankrupts you.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • kiyote
    kiyote Posts: 5,633 ✭✭✭✭✭
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    It’s probably worse in live auctions when egos are on the line.

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • skier07
    skier07 Posts: 4,833 ✭✭✭✭✭
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    Bidding $5000 on a $200 coin with 30 seconds left in an eBay auction.

  • airplanenut
    airplanenut Posts: 22,763 ✭✭✭✭✭
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    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • IkesT
    IkesT Posts: 4,600 ✭✭✭✭✭
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    I would call a nuclear bid a "nucular bid"...

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    2X

    That's mine

  • johnny9434
    johnny9434 Posts: 34,054 ✭✭✭✭✭
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    When I got stupid money to burn

  • Boosibri
    Boosibri Posts: 12,715 ✭✭✭✭✭
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    I just put a $50 bid on a hometown "Good for" token that I have never seen before. That is probably a 5X bid. There is another collector in my hometown who also happens to be the biggest national collector of tokens from what I can tell. Our two nuclear bids have met on a few items and I imagine that this will be one of them. I had the advantage early, as he had this "hometown" space for years to himself but I ended up with three important unique items from the Bowers collection as he hadn't prepped his bids for competition.

    Latin American Collection

  • Namvet69
    Namvet69 Posts: 9,423 ✭✭✭✭✭
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    Something else explain

    As I watch the pace of bidding, I can almost sense the pucker factor as the final warning scrolls up and then blam! The holy hand grenade is dropped. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    There is a major difference between live bidding and online (i.e. ebay, etc.) bidding. If online, and final hammer goes to next increment, then nuclear could be 10 or 100 times value to prevent the next keyboard entry.... live, you will be held to your bid amount. Cheers, RickO

  • nags
    nags Posts: 913 ✭✭✭✭
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    There is major different in placing a "nuclear" bid in a timed auction opposed to a live auction where the full amount of the bid is immediately realized.

    I personally don't see the strategic benefit of such a strategy in a live auction if the nuclear bid is also a jump bid.

    For timed auctions I'm more concerned with the dollar amount more so than a percentage. If there's a $5 item that I really want, I'll gladly pay $100 if I can't acquire it anywhere else. I won't do the same multiple for a $5000 item that I really want under the same circumstances. At a certain a point it's just about the item. At another point it's also about the money.

  • messydesk
    messydesk Posts: 20,814 ✭✭✭✭✭
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    @PerryHall said:
    I would call $10,000,000 a nuclear bid. ;)

    Smoe would call it a jump bid.

    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited October 20, 2020 6:16AM
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    Excluding super toners, or something just have to have etc. 1-2x. Super toners 2-4x

    The earlier you place it more likely it will be bid up. I use AS or if can’t do that would need wait as late as it allows. Otherwise another bidder upsets the apple cart.

    Investor
  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    @messydesk said:

    @PerryHall said:
    I would call $10,000,000 a nuclear bid. ;)

    Smoe would call it a jump bid.

    As in a great leap of faith? ;)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • LochNESS
    LochNESS Posts: 4,829 ✭✭✭
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    3X

    FWIW, I was relieved to see the poll results and realize I wasn't the only one who selected my answer. It's nice to come here and realize I'm not alone. :)

    ANA LM • WBCC 429

    Amat Colligendo Focum

    Top 10 • FOR SALE

    image
  • LochNESS
    LochNESS Posts: 4,829 ✭✭✭
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    3X

    @oih82w8 said:
    I would call a nuclear bid one that you would not recover from.

    Nor should you expect to, IMHO. Reserved for "forever" coins or something you don't plan to sell (a gift?).

    ANA LM • WBCC 429

    Amat Colligendo Focum

    Top 10 • FOR SALE

    image
  • 2dueces
    2dueces Posts: 6,870 ✭✭✭✭✭
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    Yeah I’ve seen 2 nuclear bids on an item. Not a pretty sight. Hopefully the winner was happy and the under bidder relieved.

    W.C.Fields
    "I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
  • vplite99
    vplite99 Posts: 1,434 ✭✭✭✭✭
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    @amwldcoin said:
    I don't know how it happened....but I was bidding on a $2-300 coin on Heritage the other day. When I got the email results the next day my Max bid on the lot was $178,xxx.00. :o

    Vplite99
  • oldabeintx
    oldabeintx Posts: 3,214 ✭✭✭✭✭
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    I'm unsure as I've never made a crazy high bid for anything. I have bid higher than I thought was "right" for scarce medals with little or no price history. For coins with a price history, I may go 150% for a lower-value coin (<$1,000) in exceptional condition or 110-125% of a higher-value coin, ditto. Price history being a judgement call admittedly.

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
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    Depends on whether I am bidding or if it is someone else.

  • Walkerfan
    Walkerfan Posts: 10,391 ✭✭✭✭✭
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    2X

    @lkeigwin said:
    Nuclear bids happen when two deranged collectors bid such outrageous prices for the same coin that the winning bidder has a heart attack.
    Lance.

    Yeah, don't write a check that your a** can't cash! LOL :D

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • 1Mike1
    1Mike1 Posts: 4,445 ✭✭✭✭✭
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    One that makes you sweat if you're actually winning.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • BryceM
    BryceM Posts: 11,940 ✭✭✭✭✭
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    I dunno. The idea scares me a little. I don’t know why anyone would bid more than they actually want to pay. It’s illogical. Sooner or later one will come around that burns you.

  • ReadyFireAim
    ReadyFireAim Posts: 1,860 ✭✭✭✭✭
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    2X

    Anybody else on coin facts for paying a record price?
    Not sure if it's an honor or a trophy for idiocy. :/

    My Saint Set

  • Walkerfan
    Walkerfan Posts: 10,391 ✭✭✭✭✭
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    2X

    @ReadyFireAim said:
    Anybody else on coin facts for paying a record price?
    Not sure if it's an honor or a trophy for idiocy. :/

    No, but I’ve been in the top three a time or two.

    I’ve also helped a gentleman set a world record that lasted for many, many years, as I was the underbidder. >:) That Record fell just a few years ago to another crazy (er, ahem...determined) bidder. :D

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • KindaNewish
    KindaNewish Posts: 830 ✭✭✭✭✭
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    I have been working on a very difficult set for the last few years.
    https://www.pcgs.com/setregistry/mysetregistry/set/171869
    On the rare occasion when one that I am missing becomes available, I am not above of throwing money at it.
    I don't have Mr. Burns money, but I have to confess that winning a good ol' money fight is fun.
    https://www.ebay.com/itm/1961-Proof-Roosevelt-Dime-PCGS-PR-67-OGH-Rattler-No-Reserve/254744083261

  • pursuitofliberty
    pursuitofliberty Posts: 7,926 ✭✭✭✭✭
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    The one where I sit dumbfounded in front of my screen after I bid, and then start mumbling to myself incoherently as I get up and try not to look.


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    I'd call it "atomic lunacy".

  • MasonG
    MasonG Posts: 7,569 ✭✭✭✭✭
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    A nuclear bid is one that you end up regretting when somebody else has the same bright idea as you, but bids a couple of bucks less than you.

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
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    Fat man and little boy.

  • SkyMan
    SkyMan Posts: 9,605 ✭✭✭✭✭
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    As in all things, it depends.

    One way to kind of know if a lot has gone nuclear is to be at a live auction. If, at the end of the winning bid there is applause, you've kind of got a guess it went for nuclear money.

    Toned Franklins

    U.S. Type Set

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