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Do ya snipe on teletrade of just go for the bid early?

BochimanBochiman Posts: 25,556 ✭✭✭✭✭
I usually put a smmal bid in early but, if I know I am going to be around when it closes, I will try to snipe instead.
Last night, I almost forgot and remembered in time to put a bid in...when I did a refresh, the auction was closed...unintential snipe, but I got it image
About 17% below my max bid as well, so that is good.

This practice has also bit me in my butt more than a few times as I got busy, on the phone, outside with the kid, not near a PC, etc, when the end time rolled around.

So, do you, as a TT user, like to just bid early and bid your max?

Do you prefer Monday nights for bargains? Wednesdays? Sundays for "supposedly" better deals?

I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

Comments

  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    When I did, I used to manually snipe.
    Had a watch that was in-step with the TT clock, and would make my bids about 30 secs before close.
    Worked like a champ.
    Collector of Large Cents, US Type, and modern pocket change.
  • jmcu12jmcu12 Posts: 2,452 ✭✭✭
    I prefer to just bid my max and let'er roll on teletrade.
    Awarded latest "YOU SUCK!": June 11, 2014
  • CameonutCameonut Posts: 7,386 ✭✭✭✭✭
    Edited to add:
    I just put in my max bid and let it fly. There is quite a flurry of activity near the end of the auction and you may not be able to get your bid confirmed.

    “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!

  • PQTypePQType Posts: 471
    Interesting that you should ask, I usually snipe on Teletrade. But Last night I had a early bid in on an item. I saw that it was at my high bid with 2 hours to go so I tried to increase my max bid by $20. It was at $280. The message said It would not let me until someone else had outbid me!!!

    So I walked away and someone sniped me and I lost it. Seems the seller may have lost some $$ also. So for me...... Its back to the snipe.
  • IconbusterIconbuster Posts: 148 ✭✭


    << <i>Interesting that you should ask, I usually snipe on Teletrade. But Last night I had a early bid in on an item. I saw that it was at my high bid with 2 hours to go so I tried to increase my max bid by $20. It was at $280. The message said It would not let me until someone else had outbid me!!! >>


    I think the system will let you enter a new max bid but it has to be 2 bid increments over your previous max bid. Using your example, you would have had to have bid $320 instead of $300 for the new max bid to be accepted.
    - Bob

    Successful BST transactions with: Tdec1000(2x), SeaEagleCoins, sweetwilliet, piecesofme, MICHAELDIXON, lkeigwin, Gerard, THEGENERAL, ponderit, pursuitofliberty, AnkurJ, kryptonitecomics
  • RedTigerRedTiger Posts: 5,608
    The increments are wide on Teletrade, so bidding early has a big advantage. More than a few Teletrade coins sell right on sheet price or the typical average price, so the first person to stake out that ground will often get the coin. Shilling with live bidders is virtually unknown on Teletrade, and most Teletrade buyers are veterans, so there I see little reason for sniping there. Contrast that to Ebay where bid increments tend to be small, where shills are more common, and there are many newbies that get caught up in the excitement of wanting to win, and just bid to win, instead of with logic and reason.

  • PawPaulPawPaul Posts: 5,845
    I think for bargains , Monday night is the one ........seems like consistently less then half the lots do not sell on Mondays .

    As for sniping , I do it on expensive coins that I am determined to win .

    The auction is no different than any other in one regard- if two people place high max. bids early in the auction thinking the cards will fall where they may

    ......then they run up each others bids. Where as a snipe might prevent that .

    Also there's " temporary ownership/winning the lot " syndrome ; sometimes I throw a bid on a coin and think I might win it at that particular level,

    it feels good to think I might win the coin, and I bid on it and for awhile I am winning it ...........

    and least we forget that active bidding on a coin ( vs. just letting it sit until the last ten seconds ) sometimes induces others to bid whereas they might

    not have in the first place -

    many a time at a show , somebody wants to buy a coin that there was little interest in , then suddenly others want it too image
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I just flat quit bidding on TeleTrade. If they would show what the reserves are I might use them. That plus the fact that they never answer the phone when I tried to contact them means they lost this customer.
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    99% of the time, I just put the next bid and win. I wait until about 10 minutes left and bid IF prices are not much to begin with.
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    It depends. Most of the time bid and let it ride, but if it is a must have than I snipe.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • BarbercoinBarbercoin Posts: 1,035 ✭✭✭
    < prefer to just bid my max and let'er roll on teletrade. >

    That's what I do.

    Trouble is...... many times my max isn't a winner. Somebody's always got an extra couple of bucks to make the deal. image

    WTB: Barber Quarters XF

  • sinin1sinin1 Posts: 7,500
    if I am around, I usually like to see the opening bids, as you can figure many coins that are selling without reserve


    and then, I put some lowball bids on some

    and if there is something I really want - I try to place my max bid in last minute, hopefully 4 or 5 bids above current



    funny thing is, there is less and less that I really want on Teletradeimage

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