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Auction Bidding

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TD Henson

1,281 views

What's the right price, when am I obsessive and why do I screw up so much?

Going along the theme DM Merrill Associates has started, why is that I always get cold feet before and after the auction?

Here's a recent saga for me, which repeats all too often...

I find a coin that I really need/want and stick it in my favorites/watch list to come back to and bid later in the auction. I recently found a tough coin listed on one of the major auction sites for a set I'm working on. It's a modern coin, so I bid $150 thinking that maybe this would be good enough. I walked away and forgot it and the coin sold for $300.

My first reaction was that's way too much...then I thought well given the pop reports and my own searching of the year and MM maybe it's fair...then I thought "how stupid can I be, as I let a steal get away!

Anyone else go through this post-auction hillarity?

I do similar stupid things when I win. At first I'm jubiliant that I won, then I go into buyer's remorse that I paid too much, then I start feeling like the price was good to eventually I talk myself into the fact that I'm an auction wizard and I was able to score that coin for an awesome price!!

Stupid!!! Probably need to start CBA - Coin Bidders Anonymous - to help with my "problem".

Happy 4th of July to you all!!

Todd

Today's picture the reverse of my freshly graded 1979-D MS 66 FT Roosie!

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