sparechange - Outbid again with seconds to go

Outbid again with seconds to go

Posted 2023-11-28 17:33:51

140

Hi all, once again this past Sunday I was outbid on a 1910 Liberty nickel that I had my eye on. It was a PCGS PF65. Anyway, I thought I had this locked up, I even raised my max bid from $343.88 to $360 with about an hour twenty left. I'm watching the time wind down and with 7 seconds left a bid came in at $370. How does this happen? Is this some kind of auction software that can determine what the high bid is? Does anyone have any idea? I had the green writing that I was the high bidder, but that wasn't the case. I'm not complaining, and that's the way the auction works. Besides these nickels seem to be on a downward spiral according to PCGS.

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wsoxman47

If I see a coin I really want, I bid the Max that I would pay, if you handed me the coin and I gave you the $$. On ebay, just put the max you would pay. If you have done your homework, you should get the coin for less. If you got out bid............So what. Someone might have over paid for the coin.

If I see a coin I really want, I bid the Max that I would pay, if you handed me the coin and I gave you the $$. On ebay, just put the max you would pay. If you have done your homework, you should get the coin for less. If you got out bid............So what. Someone might have over paid for the coin. 😃
- 2024-03-30 18:37:43
ToddPollock

It just means someone dropped a bid with seconds to go. There are people that watch auctions like a hawk dropping last second bids. If this was on ebay if could have been a sniping program. On other sites people watch and are ready to drop last second bids so they dont show their hand to early.

It just means someone dropped a bid with seconds to go. There are people that watch auctions like a hawk dropping last second bids. If this was on ebay if could have been a sniping program. On other sites people watch and are ready to drop last second bids so they dont show their hand to early.
- 2023-11-28 18:15:54
- sparechange
  
  ToddPollock
  Oh I forgot to mention this one was from Great Collections
  
  [ToddPollock] Oh I forgot to mention this one was from Great Collections
  
  2023-11-28 18:17:08
- ToddPollock
  
  sparechange On GC people will have coins in the watch list that they drop bids on last second. It is not uncommon to see large activity right as a desirable is ending. I know plenty of people that this is how they spend their Sunday nights.
  
  [sparechange] On GC people will have coins in the watch list that they drop bids on last second. It is not uncommon to see large activity right as a desirable is ending. I know plenty of people that this is how they spend their Sunday nights.
  
  2023-11-28 18:20:51
  
  1
- sparechange
  
  ToddPollock thanks Todd, this has been my favorite part of Sunday also.
  
  [ToddPollock] thanks Todd, this has been my favorite part of Sunday also.
  
  2023-11-28 18:22:45
  
  1
- Alpha2814
  
  ToddPollock Same. I expect sniping on eBay, less so on GC, but I've been a victim as well and strategize appropriately.
  
  [ToddPollock] Same. I expect sniping on eBay, less so on GC, but I've been a victim as well and strategize appropriately.
  
  2023-11-28 19:01:15

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