How often do you bid on items that you place on your watch list?

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DCW
DCW Posts: 7,877 ✭✭✭✭✭
in U.S. Coin Forum

This is mainly an eBay question, but it can be applied to all auctions. How often do you actively bid on the items you are watching?

Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."

How often do you bid on items that you place on your watch list?

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  • coinbuf
    coinbuf Posts: 12,577 ✭✭✭✭✭
    edited May 5, 2024 5:02PM
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    About 75% of the time

    I very often put in a curiosity bid and then decide toward the end of the auction if I'm really serious about pursuing that specific coin. The ones I do not bid on are the coins where the starting price is already at retail or above.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • yspsales
    yspsales Posts: 2,670 ✭✭✭✭✭
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    Only about 25% of the time

    I will bid to keep them honest.

    Sometimes I get lucky.

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • Typekat
    Typekat Posts: 732 ✭✭✭✭✭
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    Only about 25% of the time

    i tend to ‘watch’ a variety of stuff…

    • Priority stuff I want in my collection!
    • items I would buy, at a price…
    • and coins I seldom see, and/or are beyond my budget.
      It’s fun and educational to see where the bidding goes.

    In short, I buy way less than 10% of my watchlist

    30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!

  • Coinscratch
    Coinscratch Posts: 11,086 ✭✭✭✭✭
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    Always. I don't waste my time watching items I'm not going after

    I only put items on watch that I have an interest in winning. Then I take them off my watch list about ten minutes before the nuked snipe at 6 seconds left. I see no sense in bidding early and possibly running the bid up higher.

  • lkenefic
    lkenefic Posts: 9,519 ✭✭✭✭✭
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    50% of the time

    I'm admittedly "window shopping" for a few high dollar coins and have them on my watchlist just to see where the bidding is going to go. Around half the coins on my list will get some sort of consideration for a bid, but if the bidding gets out of hand early, then I'm just along for the ride. I tend to archive the actual auctions on ebay just to see where that market is for the coins on my list.

    On ebay though, I also have to take into consideration the images and what might be hidden or "creatively edited". This will affect whether or not I even add the coin to my list. I've made a couple of scores on crumby images, but that was early on in ebay for me. Virtually everyone has a phone these days capable of taking pretty decent images.

    In addition to higher end slabbed material, I also have raw coins on my list... so some of those "watches" are to gauge what's going to get bids and how many bidders. Just because something has dozens of "watchers" doesn't mean there will also be dozens of bidders. I also watch 99-cent start auctions... for the same reason. Occasionally, I'll find raw material for certain lower end sets and I'll bid on those, but recently the starting bids for better material should just be BIN's. I used to watch those just to see if anyone bites but I deleted them all after cluttering up my Watchlist with material I'd never bid on.

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • Tom147
    Tom147 Posts: 1,619 ✭✭✭✭✭
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    50% of the time

    I'll mark an item to my watchlist. Know what my top bid is going to be. Once it goes over that, I'm done.

  • OKbustchaser
    OKbustchaser Posts: 5,570 ✭✭✭✭✭
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    Always. I don't waste my time watching items I'm not going after

    100 percent...my early bid is how they get on my watchlist.

    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • WaterSport
    WaterSport Posts: 7,066 ✭✭✭✭✭
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    Always. I don't waste my time watching items I'm not going after

    I only put it on the list with the intention to bid on it.

    WS

    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • Shurke
    Shurke Posts: 782 ✭✭✭✭✭
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    I’m probably at 5% or less. I frequently put stuff on my watchlist just to see where it hammers—or if it’s a BIN listing, to see if it sells at all.

  • Coinscratch
    Coinscratch Posts: 11,086 ✭✭✭✭✭
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    Always. I don't waste my time watching items I'm not going after

    When you nuke and win an item it’s interesting to see how high the competition was truly willing to go. And I think man it must be nice to be that reserved and actually have a cut-off but they probably have more money than coins too.

  • mirabela
    mirabela Posts: 5,199 ✭✭✭✭✭
    edited May 5, 2024 7:43PM
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    Only about 25% of the time

    I don't do much with coins on eBay and haven't for years but on GC I'll watch probably 100 items in a year and bid on maybe six or eight. The majority of those are bids in the spirit of "well, if it falls through the cracks I'd be happy to have it at $X" and usually they don't. One or two a year I'll bid to really buy the thing.

    mirabela
  • Slade01
    Slade01 Posts: 294 ✭✭✭
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    50% of the time

    Based on tonight, more like 90%. I'm worn out. 5 for 5 on GC followed immediately by 18/20 at Heritage on the 12 Caesars. That's above my usual though because often I just like to follow to see what prices are doing in some specific area.

    In any event, it's time for a stiff gin and tonic, then some sleep. Got up at 4:30 a.m. because my dogs were restless with a thunderstorm that came through.

  • erscolo
    erscolo Posts: 767 ✭✭✭✭✭
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    I may watch, but I never bid. Therefore I do not watch items up for bid.

  • DCW
    DCW Posts: 7,877 ✭✭✭✭✭
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    Only about 25% of the time

    @erscolo said:
    I may watch, but I never bid. Therefore I do not watch items up for bid.

    What? :D

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • DisneyFan
    DisneyFan Posts: 2,965 ✭✭✭✭✭
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    Only about 25% of the time

    More like 10% of the time. I'm on a tight budget and the coin needs to be really exceptional.

  • pointfivezero
    pointfivezero Posts: 2,005 ✭✭✭✭✭
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    Only about 25% of the time

    I watch a lot of items for the off chance of receiving an unsolicited lower price offer. I realize this is a passive approach but it probably pays dividends about 25% of the time.

    Tim

  • davewesen
    davewesen Posts: 6,985 ✭✭✭✭✭
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    Only about 25% of the time

    I usually place BINs that are higher than I want to spend today on watch. Auctions I usually bid next increment to watch.

  • BillJones
    BillJones Posts: 35,942 ✭✭✭✭✭
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    Only about 25% of the time

    Sometimes the bids go beyond my limit. Other times I mark them because I have the item and want see the selling price.

    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 ... ?
  • Proofmorgan
    Proofmorgan Posts: 981 ✭✭✭✭✭
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    Only about 25% of the time

    Not that often as I use it as a tool to keep track of the market in my areas of interest.

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
  • WAYNEAS
    WAYNEAS Posts: 7,272 ✭✭✭✭✭
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    About 75% of the time

    I will bid on coins in my watch list until they are sold, or the bidding price exceeds what I wish to pay for it.
    I also have coins in my watch list that I follow until they come down in price or the auction ends.
    Wayne

    Kennedys are my quest...

  • seatedlib3991
    seatedlib3991 Posts: 1,630 ✭✭✭✭✭
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    Only about 25% of the time

    At any particular time I will have several coins I am strongly interested in and will bid on one or two. I will have at least a couple dozen coins I have a casual interest in but would have to be at a specific price. Finally I always have a group of coins that I track to see if they might become a future interest. Put me down for 1% James

  • CRHer700
    CRHer700 Posts: 2,153 ✭✭✭✭✭
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    I don't watch anything. This isn't in your poll.

    God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.

  • DCW
    DCW Posts: 7,877 ✭✭✭✭✭
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    Only about 25% of the time

    @CRHer700 said:
    I don't watch anything. This isn't in your poll.

    Well, you're watching this thread so... :D

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • Coinscratch
    Coinscratch Posts: 11,086 ✭✭✭✭✭
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    Always. I don't waste my time watching items I'm not going after

    The percentages thus far are inline with what I expected. The majority of watchers are just that or have reached their maximum.
    It’s very typical to see 16 or 17 watchers and only four or five bidding.

  • Walkerfan
    Walkerfan Posts: 10,392 ✭✭✭✭✭
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    Only about 25% of the time

    I like to study the market and price trends.

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

    My Full Walker Registry Set (1916-1947):

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

  • rte592
    rte592 Posts: 2,235 ✭✭✭✭✭
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    Only about 25% of the time

    I've been known to throw a 25 cent on the dollar bid on an item and put it on the watch list.

  • johnny9434
    johnny9434 Posts: 34,117 ✭✭✭✭✭
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    Only about 25% of the time

    I'm in the 10 to 15% range. I like to see where some prices are sticking at, fwiw

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited May 7, 2024 11:50AM
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    50% of the time

    The deal has to be there as I use AS. Will check back with it some to see if still in the hunt.

    Investor

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