Question about DLRC and auction reserves...

Longacre · January 12, 2007 3:09AM

Suppose there is a coin in DLRC's online auction and it has a reserve (undisclosed). Suppose that you put a bid on the coin. When the system takes your bid, do you immediately know if the reserve has been met? I just tried bidding on a coin and I gave it my highest and best bid. But then the system indicated that the reserve has not been met. I assume that even though I am the high bidder, I am still under the reserve amount. Does anyone know if DLRC discloses its reserves as the auction gets closer to the end?

quattrocoins · January 12, 2007 3:15AM

<< <i>Does anyone know if DLRC discloses its reserves as the auction gets closer to the end? >>

They post their reserves tomorrow evening( if you're referring to the auction ending Monday).
You will recieve an e-mail at that time stating that you've been out-bid,and the reserve price will be posted.

KentuckyJ · January 12, 2007 3:16AM

Yes, DLRC jumps all bids prior to the auction end taking each unmet reserve to one bid below meeting the reserve. You'll see this happen on the lot you've bid.

KJ

JBatDavidLawrence · January 12, 2007 3:35AM

These guys are exactly right. Friday night the reserves hit in and you'll find out. If you're curious beforehand, give us a call and we'll let you know if the reserve has already been entered in.
Thanks!
John B

quattrocoins · January 12, 2007 4:14AM

John,

You guys run great weekly auctions, which I always look forward to.

I'm now eagerly awaiting today's mail delivery, hopefully, inccluding the two lots I bought from you in last week's. I'm always excited about recieving coins from DLRC!

jbsteven · January 12, 2007 4:46AM

sometimes if you are close to the reserve they will lower the reserve and send you a message stating you are the high bidder. You can also cancel that bid if you want to by calling them after they send the message.

quattrocoins · January 12, 2007 5:06AM

<< <i>sometimes if you are close to the reserve they will lower the reserve and send you a message stating you are the high bidder. >>

I've had that happen to me.
I was prepared to have the winning bid, but somebody came along and topped mine.

JBatDavidLawrence · January 12, 2007 5:11AM

Thanks for the compliments! And yes, you're right Jason, if the reserve does get lowered and you want to cancel the bid, we'll take care of it. Just give us a call.

Rarity · May 18, 2007 3:15PM

Does the Buy-It-Now prices at DLRC auction excluding the buyer fee ?

JBatDavidLawrence · May 18, 2007 3:23PM

Hi, the buy-it-now prices are including the buyer's fee. So if you want one of those items go ahead and click buy-it-now, and that'll be the final price of the item plus shipping.
Thanks for asking!

Boom · May 18, 2007 3:30PM

Yes & DLRC gives established customers a certain % off on all internet purchases, excluding auctions.

Great bunch of guys.

Rarity · May 18, 2007 3:35PM

Thanks JBDL for answering my question.

Today, there was a 2001 Capitol Visistor Center $5 PCGS-68DCAM ended on Ebay at $319 while a 1 grade higher coin (PCGS-69DCAM) has a BIN of $307 at DLRC's. People could have bought the coin in an instant at DLRC for less.

Question about DLRC and auction reserves...

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