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1. Has anyone ever tried a dutch auction on multiple coins graded the same?

   

   

   Discussion by bgrice · May 30, 2005 12:45PM · Home› U.S. Coin Forum

   Let's say you had four PCGS PR69DCAM 1969-S jeff proofs that could pull some decent money on eBay sold one at a time. Could you pull in more interest & possibly some dealers/investors if they were put up in a dutch auction? Given that there are 4 chances it might bring in some spirited bidding. And maybe give the high…

2. Re: Has anyone ever tried a dutch auction on multiple coins graded the same?

   

   Comment by prooflike · May 30, 2005 3:17PM · Home› U.S. Coin Forum

   With ebay dutch auctions, all the bidders pay the lowest bid i.e. 4 items 1 bid @ $1000 1 bid @ $900 1 bid @ $850 1 bid @ $5 all four would be billed at $5 each.

3. Re: Has anyone ever tried a dutch auction on multiple coins graded the same?

   

   Comment by Barberman55 · May 30, 2005 1:22PM · Home› U.S. Coin Forum

   To tell you the truth, when I was a more active bidder on Ebay, I never fully understood that whole Dutch auction bit. Whenever I seen an auction that was Dutch, I just passed on it.

4. Re: Has anyone ever tried a dutch auction on multiple coins graded the same?

   

   Comment by markglicker · May 30, 2005 4:53PM · Home› U.S. Coin Forum

   Buyers are confused by the Dutch auction. Better to pass.

5. Re: Has anyone ever tried a dutch auction on multiple coins graded the same?

   

   Comment by relayer · May 30, 2005 3:55PM · Home› U.S. Coin Forum

   It depends on the coin and opening price, but from your example I'd say it's a bad idea. First it cheapens them because if you got so many they must be commonly available. And If there are 3 people interested in paying a reasonable price, then everybody who wanted one would get one at the lowest price anybody would pay. If…