Well, I thought I won this buff on teletrade tonight...

LincolnCentMan · January 21, 2007 12:04PM

Link

I got into a bidding war with someone in the last couple of minutes. Lucky for me, I think I got the last bid in before the time expired. .....WRONG.

-David

lasvegasteddy · January 21, 2007 12:05PM

sweet look to it i say...congrats

holeinone1972 · January 21, 2007 12:06PM

I hope you won.

I hope I won this PCGS 1912s au55 Barber dime.

This is my first attempt at a teletrade auction.

I overbid for the piece, but I have a $50 coupon, so if I win it's all good.

Here's hoping.

compromonedas · January 21, 2007 12:12PM

Wow $525 plus juice for this

LincolnCentMan · January 21, 2007 12:17PM

compromonedas,

Very nice score. I bought this one off teletrade several years back.

-David

compromonedas · January 21, 2007 12:19PM

$475 for this other

Insane

PrivateCoinCollector · January 21, 2007 12:19PM

Love that rainbow!

compromonedas · January 21, 2007 12:22PM

Sorry I got a manic episode tonight

LincolnCentMan · January 21, 2007 12:22PM

Dang, you made out like a bandit!

-David

compromonedas · January 21, 2007 12:25PM

last one

holeinone1972 · January 21, 2007 12:32PM

Teletrade rookie here, how long until you know if you won or not?

holeinone1972 · January 21, 2007 12:41PM

I am not sure what happened it's telling me I did not win.

My bid was $23 higher than the realized price. I was logged in, and out my max bid in 5 minutes before the end of the auction.

It never gave me a confirmed bid though.

Any ideas?

LincolnCentMan · January 21, 2007 12:46PM

Teletrade rookie here, how long until you know if you won or not?

Usually an hour or two.

My bid was $23 higher than the realized price. I was logged in, and out my max bid in 5 minutes before the end of the auction... Any ideas?

I hate to tell you this, but Teletrade doesnt allow max bids during the live portion of the auction. You just have to click on the "bid now" button until you are the top bidder. And even before the auction goes live, I think there are standard bid levels that you have to bid on exactly. Someone that uses teletrade more than me can confirm or refute this. Your bid probably didnt registar b/c it was an invalid amount / max bid.

I win about two coins a year on teletrade. Their return policy sucks so I usually end up not bidding on their stuff.

-David

compromonedas · January 21, 2007 12:48PM

<< Teletrade rookie here, how long until you know if you won or not? >>

go to "my account information"-you can see your invoice in 10-15 minutes after it close

JZrarities · January 21, 2007 1:03PM

Sometimes takes as long as 45 minutes to find out if you won/lost

Coxe · January 21, 2007 1:16PM

This one was purty but I am not sure it sold. I wasn't in the bidding for it, though I considered it for the lower reverse planchet problem. Not sure that it is a strike through since the lower letters are affected. Looks more like a preminting defect.

LincolnCentMan · January 21, 2007 1:20PM

go to "my account information"-you can see your invoice in 10-15 minutes after it close

That's not good. It said I didnt win any lots in that auction. Is that the default or did I lose? Oh well, more money for the Houston show

.

-David

Coxe · January 21, 2007 1:23PM

<< go to "my account information"-you can see your invoice in 10-15 minutes after it close

That's not good. It said I didnt win any lots in that auction. Is that the default or did I lose? Oh well, more money for the Houston show

.

-David >>

If it says you didn't win any, you didn't win any. It will just say the auction number is invalid until the results post. Better luck next time!

stman · January 21, 2007 1:37PM

The few occasions I've won a coin on TT, I called the number listed for this, enter bidder number and it told me 15 minutes after auctions end.
Don't know if tonight was a special auction or not.

holeinone1972 · January 21, 2007 1:37PM

I just don't get it. Their info reads as follows:

If an auction is in progress, you have the option of interactively bidding by checking the "Next Bid" boxes. You may also place maximum bids right up until the end of the auction at 10:00 PM ET.
When you have made all of your bids, click on "Submit Bids".
A confirmation screen will appear, asking you to verify your bidding activity on the selected lots. Click "Confirm Bids" to have your bids recorded

Back to ebay I guess.

Coxe · January 21, 2007 1:44PM

What's so confusing? You can do max bids from the time the auction is posted until the end of the auction, except in the 1 hour prior to the interactive bidding. The next bid option is just a fast way during the interactve auction to go one increment and avoid the batching. You confirm there just like on eBay. What is not like eBay is bid execution and posting isn't immediate. The reserves also creep in along with bidding until a few hours before the end of the auction.

holeinone1972 · January 21, 2007 1:52PM

I typed in my bid and hit submit, then confirm, then nothing happened.

I tried again, nothing happened.

I guess I should have phoned it in, but I am so locked into bidding at the last second, that by the time I knew there was a problem the auction had ended.

O well, I guess they lost money, the seller lost money, and I lost the coin I wanted.

The under bidder was the only winner.

ad4400 · January 21, 2007 11:43PM

My bid was $23 higher than the realized price. I was logged in, and out my max bid in 5 minutes before the end of the auction.

It never gave me a confirmed bid though.

Any ideas? >>

Holeinone1972 - You can submit max bids during the live auction. I think the problem lies in that you bid in an amount other than the increments that TT allows. Max bids on TT (unlike Heritage) must be in the bidding increments set up by TT ($110, $120, $130, etc). I'm pretty sure that a bid ending in a $3 (say $133 for example) would not be accepted by TT.

holeinone1972 · January 22, 2007 12:28AM

Well my bid was $133, if that is why I did not get the coin, they are morons.

But If that is it, at least I will not make the same mistake again.

I have a complaint in with Teletrade, while I am sure it will not get me the coin, I hope to at least get a definitive answer.

Big bummer.

Would have looked good in my Dansco.

Coxe · January 22, 2007 1:35AM

<< I typed in my bid and hit submit, then confirm, then nothing happened.

I tried again, nothing happened.

I guess I should have phoned it in, but I am so locked into bidding at the last second, that by the time I knew there was a problem the auction had ended.

O well, I guess they lost money, the seller lost money, and I lost the coin I wanted.

The under bidder was the only winner. >>

The server often gets slow at the end of Teletrade auctions. Executions of bids are based on process time, not receipt time too. There is no reason to snipe Teletrade sales in the closing seconds. You get the equivalent result a minte or even two before the end of the auction. Telephoning in the bids is the same too and always has been.

jgrinz · January 22, 2007 1:40AM

<< Well my bid was $133, if that is why I did not get the coin, they are morons.

But If that is it, at least I will not make the same mistake again.

I have a complaint in with Teletrade, while I am sure it will not get me the coin, I hope to at least get a definitive answer.

Big bummer.

Would have looked good in my Dansco. >>

Teletrade also RUNS a lot of thier AUCTIONS with undisclosed RESERVES ... Are you sure the coin sold ?? The underbidder may not have won the coin either, even though your bid did not get acceoted, and the coin may still available. CALL THEM if you want it badly enough

bushmaster8 · January 22, 2007 1:50AM

<< Well my bid was $133, if that is why I did not get the coin, they are morons. >>

"They" are morons? YOU either failed to read the Terms and Conditions (including rules for bidding increments), or YOU read and did not comprehend.

Now who is the moron here?

holeinone1972 · January 22, 2007 2:40AM

<< 

<< Well my bid was $133, if that is why I did not get the coin, they are morons. >>

"They" are morons? YOU either failed to read the Terms and Conditions (including rules for bidding increments), or YOU read and did not comprehend.

Now who is the moron here? >>

Thanks bushmaster8 thanks for the support! I hope an Airplane lands on your house !

So I made the mistake of overbidding. Confirmation from Telesuck confirms that I bid too much. LOL

Must be in $10 increments for that size auction.

O well, I guess I will spend my cash somewhere else.

Lesson learned.

bushmaster8 · January 22, 2007 2:45AM

TT is not all that bad, you just have to familiarize yourself with how it works, and the first step is READ!

holeinone1972 · January 22, 2007 2:59AM

Worst part is the 1st image is the one I missed old green PCGS

2nd image on teletrade tonight same grade PCGS AU55 but it does not look near as good to me.
What a bummer.

OOOOOOOO the humanity.

braddick · January 22, 2007 5:15AM

<< Link

I got into a bidding war with someone in the last couple of minutes. Lucky for me, I think I got the last bid in before the time expired. .....WRONG.

-David >>

David,
Your only 'bidding war' would have been Teletrade's computer system as I placed a max bid of $330.00 about two hours before the auction ended.

(I needed that coin as it is an exact match to a PCGS 1913 type one I own... so I was going to win almost at any cost.)

I was pleased actually to see it close at under $200.00.
I believe the color will appear more startling and bold in hand.

LincolnCentMan · January 22, 2007 9:27AM

Pat,

Good for you. You can enjoy the coin and I'll enjoy the money... until I find the next coin. There are always coins out there to buy. I rarely have a problem finding something I want

.

-David

mepot · January 22, 2007 10:08AM

I know this wasn't a Teletrade bidding tutorial thread,but I did get some answers to some questions

I had.I have never bid on TT,but it looks like I get to learn from others mistakes.Thanks!

holeinone1972 · January 22, 2007 12:36PM

O well, all is better. I got one tonight.

Now I know what to do with Teletrade.

Thanks goes to MEPOT also, who was nice enough to give me a $50 coupon so I could outbid my competitors.

to MEPOT

bushmaster8 · January 22, 2007 10:10PM

Nice one!

Well, I thought I won this buff on teletrade tonight...

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