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Is it inadvisable to tell other collectors (especially here) what you are bidding on?
RYK
Posts: 35,800 ✭✭✭✭✭
I have mixed feelings. There are times that I would like to seek the advice of the community at large before making a purchase or bidding on a coin. However, knowing that there is a large number of lurkers that are possible competitors, I do not necessarily want to tip my hand, give them any ideas, or even endorse an auction lot (despite that my endorsement would/should have little value), nor do I want my potential competitors to benefit from the same advice.
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Russ, NCNE
The lurker possibility is real.
You know who has specific knowledge and that is why they invented PM.
Lurkers can also do some very wierd things besides bid against you on ebay.
<< <i>Lurkers can also do some very wierd things besides bid against you on ebay. >>
Yeah, like narc you out when you rip a seller so that suddenly the seller "loses" the coin you won.
Russ, NCNE
I am not talking about ebay--the thought never crossed my mind. I am talking Heritage, ANR, B&M, etc.
On the other hand, when a collector-friend (ie. Reece or FatMan) expresses interest in a coin that I want/need as much as they do, I usually pass. I guess I am a gunner toward the collectors that I do not know, but a kittycat (blasted censorship!) toward the collectors I do know and like.
Russ---are we talkin first hand experience with this?
I am morey worried about planting the seed. Hypothetical: While I do not collect colonials, say I found this nice Oak Tree shilling for sale on the ANR website:
It captured my fancy. I have never purchased one before, and I came here seeking advice regarding pricing, coin selection, originality, and or grading. My concern is not that Bustman would see the post and decide that he would like to have one of those and buy it. That would be fine with me. My concern is that we would have a lengthy discussion on the topic (fat chance!), CCU would indicate that it is a spectacular example of a rare variety at a very attractive price, other experts would chime in with their blessings. I would call to make the purchase on Tuesday and find out that the coin was sold on Monday, possibly to a lurker.
<< <i>I am not talking about ebay--the thought never crossed my mind. I am talking Heritage, ANR, B&M, etc. >>
We poor people don't bid with them thar fancy outfits.
Russ, NCNE
I should only be so poor!
I'd say it depends on the person.Most of the people here have ethics and wouldn't try to get the coin also.Unfortunitly that isn't true of everyone.
Registry 1909-1958 Proof Lincolns
too much interest on this board, in the sense they want it mightily for their collection/flip.
on the other hand, the coins you show me RYK, i will be gunning for some day soon.
so I would stop showing other gold collectors in public what you want to bid on.
It is fine to show it as soon as the auction closes I imagine.
ethics? Here? In your dreams. I can name you several board members who doctor their photo's, list a link to their ebay in their sig line and you're talking ethics?
EDIT: I see that one is currently posting today in fact. That person, IMHO, should be tossed overboard. Just remember a few weeks ago about the doctored Morgan photos. In fact there was a thread about the doctored photos--I guess no one put 2 and 2 together.
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>I never tell, until after the auction closes and I won by outbidding them... Then I rub it in.
09/07/2006
I do not think it is a matter of ethics. All's fair in auctions. I hate to help someone else do all the homework for a coin that i want to buy.
<< <i>RYK
I'd say it depends on the person.Most of the people here have ethics and wouldn't try to get the coin also.Unfortunitly that isn't true of everyone. >>
Bidding against someone in an auction, if you really want the coin, is not a sign of a lack of ethics on the bidder's behalf...
Self Indulgence | Holey Coins | Flickr Photostream
PMs are best for consulting prior to purchase.
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.
and seek it out at the major auction houses/dealers. Cannot be too hard to find it.
<< <i>RYK
I'd say it depends on the person.Most of the people here have ethics and wouldn't try to get the coin also.Unfortunitly that isn't true of everyone. >>
Bidding against someone in an auction, if you really want the coin, is not a sign of a lack of ethics on the bidder's behalf...
Thiggy,
I'd say it depends. If one knew about the coin anyway (or would have known-ie activelly searching for that coin), and had planned to perhaps not. But if it is a coin one hadn't noticed, and another poster had solicited opinions-especially someone "known" like RYK, it doesn't seem fair to me to bid on it.
Don
<< <i>Why not just put up a picture of the coin and ask for opinions without even mentioning that the coin is up for auction? >>
Because if it was up for auction, it would be found.
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.
<< <i>q]
<< <i>RYK
I'd say it depends on the person.Most of the people here have ethics and wouldn't try to get the coin also.Unfortunitly that isn't true of everyone. >>
Bidding against someone in an auction, if you really want the coin, is not a sign of a lack of ethics on the bidder's behalf...
Thiggy,
I'd say it depends. If one knew about the coin anyway (or would have known-ie activelly searching for that coin), and had planned to perhaps not. But if it is a coin one hadn't noticed, and another poster had solicited opinions-especially someone "known" like RYK, it doesn't seem fair to me to bid on it.
Don >>
Personally, I would hate for a viable competitor (collector) to 'knock themselves out' of the running just because I was bidding on it. Your chilvary is great and all, but I believe it would be better spent in other situations. More power to you though, if you feel bad for some reason doing so, don't do it. An auction is a completely fair venue, everyone is on even ground; If you want the coin more than I do, pay more.
Self Indulgence | Holey Coins | Flickr Photostream
Only if you want to get out bid
My posts viewed
since 8/1/6
<< <i><< RYK
I'd say it depends on the person.Most of the people here have ethics and wouldn't try to get the coin also.Unfortunitly that isn't true of everyone. >>
Bidding against someone in an auction, if you really want the coin, is not a sign of a lack of ethics on the bidder's behalf... >>
Not bidding on a coin you want because somebody else is could be considered collusion and may result in a depressed realized price for the seller. Thus, it's actually more unethical not to bid than it would be to bid. This assumes that it is a coin one was already aware of and planning to chase. If it is a coin one only become aware of because it was posted here, than it is less cut and dried.
Russ, NCNE
I just bid on a new Jack Nicklaus British note. I hope no one else bids as the are only 2 million of them.
<< <i>NEVER tell these vultures what you're bidding on. Especially Marty!
Russ, NCNE >>
Or Russ!!!
and it sets us apart from practitioners and consultants. Gregor
<< <i>[-I guess no one put 2 and 2 together. >>
Hey buddy, watch how you say things......some folks might think you're making a slight hint that its me!!!!!!!!!
And its not.
Now repeat after me, the person I am speaking of is NOT puttogether.
Now about that half eagle from the Central States Show.........
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)