Crashing someone's auction

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I thought so too. First thing that came to mind seeing that was someone trying to lease a one ounce bar...good to see you found your sense of humour Chip
 
Golden ChipMunk said:
Stoic Phoenix said:
I thought so too. First thing that came to mind seeing that was someone trying to lease a one ounce bar...good to see you found your sense of humour Chip
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MYOBBTIPMB

:D
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did some one actually pay you to lease that bar?
 
Can someone explain what this is all about? In other words, what did this guy do in his auction that has caught the ire of so many?

Just curious.

Jim
 
He was running an auction where all the bids had to be by PM and so no one but the OP knew what the bidding was at for the coin.

ETA: If I remember correctly there was also the always popular mystery reserve price.
 
I reckon there should be a Silverstackers reality TV show.
It'd definitely be more entertaining than most.
 
jcanuck said:
He was running an auction where all the bids had to be by PM and so no one but the OP knew what the bidding was at for the coin.

ETA: If I remember correctly there was also the always popular mystery reserve price.
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yes but at least with that the bidding was public
 
Court Jester said:
jcanuck said:
He was running an auction where all the bids had to be by PM and so no one but the OP knew what the bidding was at for the coin.

ETA: If I remember correctly there was also the always popular mystery reserve price.
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yes but at least with that the bidding was public
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How was that part public? The OP said that he would announce when the reserve had been met, but in the end the OP didn't even bother doing that. Just said the result would be private.
 
jcanuck said:
Court Jester said:
jcanuck said:
He was running an auction where all the bids had to be by PM and so no one but the OP knew what the bidding was at for the coin.

ETA: If I remember correctly there was also the always popular mystery reserve price.
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yes but at least with that the bidding was public
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How was that part public? The OP said that he would announce when the reserve had been met, but in the end the OP didn't even bother doing that. Just said the result would be private.
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I am talking about the bit I quoted not from the OP i.e. the popular mystery reserve price

at least the bids in THOSE auctions were public

the way the OP conducted the auction you would have to trust the OP as all bids were PM / private, far all you know the OP could ahve been getting people to bid against tehm selves.
 
jcanuck said:
He was running an auction where all the bids had to be by PM and so no one but the OP knew what the bidding was at for the coin.
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ffs what if it was called an EOI instead of an auction ? would there be any objections ?


I assume all you critics won't have any issue if others comment on your sales threads
 
Well, if u PMed your expression of interest and the seller replied "im sorry, another member has $60 more interest in the coin yhan you right now, is there any chance of your interest exceeding his before 9pm est?"
That could pass as a. EOI auction?
 
Stoic Phoenix said:
I thought so too. First thing that came to mind seeing that was someone trying to lease a one ounce bar...good to see you found your sense of humour Chip
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Don't you mean Mini minion ? :lol:
 
I always thought reserve auction would run like seller needs to put up a price and lower it time to time given by his terms and when that price hits your liking you buzz. The last one I remember was run by the pelican. This had nothing to do with reverse auction-price gauging perhaps-no offense intended to OP but I hope you learned from it.You have been here long enough-know your price and put it up.end of story.

It has been done to death-just put up a damn price-if not sure ask the forum.simple
 
dragafem said:
I always thought reserve auction would run like seller needs to put up a price and lower it time to time given by his terms and when that price hits your liking you buzz. The last one I remember was run by the pelican. This had nothing to do with reverse auction-price gauging perhaps-no offense intended to OP but I hope you learned from it.You have been here long enough-know your price and put it up.end of story.

It has been done to death-just put up a damn price-if not sure ask the forum.simple
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I really like the whole reverse Auction idea. It quite often fails miserably but the anticipation of "whos first to buzz" and "oooo am I being too greedy, will it go lower?" is more exciting to me than a standard Auction :D

Saying that some listings seem like that anyway. Someone lists something you have seen elsewhere for a reasonable 2-5 $ over spot and they list it at $15 over spot and spend the next 2 days dropping the price until someone caves and takes it. Then you always have that moment of..... Hmmm... Its getting to a reasonable range now..... Do I want to take it now bef...... Ahhhhh Dammit! :D

Love it. Its my favorite part about stacking. It feels like a true finding of the fair price to me ;)
 
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