Teletrade question... not sold?

blu62vette · February 25, 2008 8:42AM

What does it mean when a teletrade auction says results: not sold?

I was watching an auction last night and today it says not sold seemd like the bids were plenty high enough.

Here is the link:

Auction

BECOKA · February 25, 2008 8:43AM

edited: ahh some text to read now.

Probably just a reserve set too high.

Bear · February 25, 2008 8:45AM

Some times it means that the reserve was too high,

more times then not the coin was found lacking.

blu62vette · February 25, 2008 8:45AM

I know Becoka, once again I hit enter to quick and had to edit. Part of working with a PC at work and coming home to the MAC.....and being an idiot doesn't always help.

sinin1 · February 25, 2008 8:52AM

on Teletrade auctions, the consignor has the option of entering a buy-back bid (reserve)

if there is one and it is the high bid - it sits at that price for the last hour

if no one pops the next bid level - it closes (pending) then turns to bot sold and disappears from normal result searches

if bought-back it may

1) go back to the consignor
2) show up for up to 2 more efforts for sale

Wil2008 · February 25, 2008 10:01AM

Hi

Noticed that over the past few months, many coins, as i call it, get recycled. I'm guessing that the reserve is set to high. I have seen the same coin up
for auction 4 times in last 3 months, along with many others. It's almost not like an auction at all... cheers Wil

eCoinquest · February 25, 2008 10:05AM

The consignor probably set a high reserve which was not met.

eCoinquest · February 25, 2008 10:06AM

Oops... I just read the rest of the thread. I agree with the above posts.

Frankcoins · February 25, 2008 10:06AM

<< <i>What does it mean when a teletrade auction says results: not sold?

I was watching an auction last night and today it says not sold seemd like the bids were plenty high enough.

Here is the link:

Auction >>

The high bid must have come from the owner. In such case they coin is listed as unsold.

blu62vette · February 25, 2008 12:05PM

Thanks for the info, I get bid pretty high for someone not to sell it.

19Lyds · February 25, 2008 1:04PM

I see this alot. Trouble is, unless you actually keep the Auction/Lot number handy, these never show up in the track and bid lists.

This one was on its second time through! I guess 5 grand wasn't enough...............

Coxe · February 25, 2008 1:08PM

<< <i>on Teletrade auctions, the consignor has the option of entering a buy-back bid (reserve)

if there is one and it is the high bid - it sits at that price for the last hour

if no one pops the next bid level - it closes (pending) then turns to bot sold and disappears from normal result searches

if bought-back it may

1) go back to the consignor
2) show up for up to 2 more efforts for sale >>

Yes, except that the buyback is fully priced by 3:30 PM PST not the last hour and that the buybacks are independently sent each of 3 possible sales per consignment. You cannot know, unless you saw it a couple times before over the past 6 weeks or so that it is the first or even the last time it will appear.

Teletrade question... not sold?

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