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I'm gonna teach him a lesson!

ERER Posts: 7,345 ✭
in U.S. Coin Forum
You've been following a coin that you really like at auction for a while, and finally decided to put in a "secret" max bid.
BAM! "Sorry, but your max bid has been outbid. Please place another bid." Do you sometimes let your emotion b(g)et the better of you, and said to yourself, "I'm gonna teach him a lesson", and place another higher max bid? BAM! It happens again. "I'm gonna teach him again."............and again, and again......image
I must admit I have done it quite a few times in the past, but not lately. Thank God.image

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    DNADaveDNADave Posts: 7,350 ✭✭✭✭✭
    Well, someones teaching me a lesson on the 1805/4 half I wanted. image
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    1921obsession1921obsession Posts: 559 ✭
    Yeah, and the only guy who gets a lesson is the one in the mirror. image
    Proudly upholding derelict standards for five decades.
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    goose3goose3 Posts: 11,471 ✭✭✭
    image


    image
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    ERER Posts: 7,345 ✭


    << <i>image


    image >>


    I didn't do it, goose.image
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    p8ntp8nt Posts: 2,947 ✭✭✭
    Feel free to use my auctions to teach someone a lesson imageimage
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    BarryBarry Posts: 10,100 ✭✭✭
    Nope, I always stick to my guns. If it's a rare coin, you're only helping to drive the price up for the next one that comes along.
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    CameonutCameonut Posts: 7,438 ✭✭✭✭✭
    That's one of the reasons why I like to snipe. I determine ahead of time the maximum amount I will pay for a coin and enter that as a snipe bid. If I win - great. If I lose, then someone wanted to pay more for it than I did.

    Takes all the emotion out of bidding. And saves paying too much by chasing another bidder.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

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    CoxeCoxe Posts: 11,139 ✭


    << <i>Yeah, and the only guy who gets a lesson is the one in the mirror. image >>



    Absolutely. It's fine to snipe; just make sure that bid is the top price you really are willing to pay for the lot. People who are not disciplined and chase a lot in the heat of an auction are foolish. The best of us (and I am hardly the best) get beat by a more eager buyer some of the time.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    That shill thaught you a lesson of how to pay more than it's worth too?
    It might cost a little to snipe but it sure saves a lot!
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
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    ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i> That's one of the reasons why I like to snipe. I determine ahead of time the maximum amount I will pay for a coin and enter that as a snipe bid. If I win - great. If I lose, then someone wanted to pay more for it than I did.

    Takes all the emotion out of bidding. And saves paying too much by chasing another bidder. >>


    This is exactly why I snipe as well. I got busted big time a few years ago when I became over zealous and overpaid for a coin just because I was hell-bent on not loosing.

    Buyer and seller of vintage coin boards!
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    DennisHDennisH Posts: 14,044 ✭✭✭✭✭
    I just now did on an auction... and finished second again. image
    When in doubt, don't.

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