Australian-Coins Forum

Trading Forums => Archived Buy / Sell / Trade / Wanted Threads => Topic started by: JeffH on March 18, 2013, 06:11:59 PM

Title: Dutch auction 2001 20¢ upset
Post by: JeffH on March 18, 2013, 06:11:59 PM
Well, we came back from Fiji absolutely skint -the $30 charge for a regular payment putting my card overlimit by less than $1 was most unwelcome.

Anyway, money is needed so this coin is being offered for sale...
http://www.australian-coins.net/attachment.php?aid=1432
Just to be a little different I think a Dutch Auction might be amusing...
How it works;
•I nominate a start price
•]If anyone is willing to pay that price, then they send a PM and coin is sold
•If, as likely, my start price is too high, then I offer a reduced price.
•And so on, until an interested buyer agrees to an offered price.
I will start Auction tomorrow at 19:00 EDST, 19 March (That is 7:00pm Eastern Daylight Saving Time). Each revised price ask will be offered the same time the next day.

Any questions, please ask before start time.

Good luck, if you are looking for one of these.

Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: Australian coin on March 18, 2013, 06:25:41 PM
so you are offer the 2001 rotated 20c (that is cool)
um is this like silver stackers, that's the auction type I am familiar with, you put a start price and people put bids up there's a start time and a end time "usually a few days cos not everyone will see it in one day" and the highest big at the end time gets it... ill find a link and show you

(this is how the big boys play  - scary big money been throw around)

http://forums.silverstackers.com/topic-37893-auction-2010-perth-mint-silver-tigers.html
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 18, 2013, 06:31:47 PM
No AC. I give a "wish I could get this" price and everyone ignores it.
Next day I revise it downwards and several people send ribald messages.
Next day I drop it a little more.
Next day...
Then I slit my wrists (just kidding)
First person to accept a daily offer is the buyer.

Nobody actually bids -just wait for the offer price to come down to to your limit.

Simple really but, opposite to what you may be used to.

Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: Australian coin on March 18, 2013, 06:39:16 PM
o I get it so you are teasing everyone... haha "here fishy fishy" :P
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 18, 2013, 07:10:48 PM
No, it's not a tease. It is a well established selling method.
http://en.wikipedia.org/wiki/Dutch_auction

Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: Australian coin on March 18, 2013, 07:18:52 PM
I was just playing, I was also going to say id have a nibble, but your not in a playful mood, hug
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 18, 2013, 07:51:38 PM
OK, nibble on this $150. :tease:
This is not an official offer, starts tomorrow 7:00pm Eastern Daylight Saving Time.
Title: RE: Dutch auction 2001 20¢ upset
Post by: enworb on March 18, 2013, 09:21:44 PM
Awesome idea Jeff. I'll be watching!
Title: RE: Dutch auction 2001 20¢ upset
Post by: Ozcoins on March 19, 2013, 04:50:15 PM
I'll be watching too.
Nice idea.
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 19, 2013, 05:30:12 PM
Exactly one hour before it starts.
Stand by for the countdown.
(http://www.australian-coins.net/attachment.php?aid=1432)
Title: RE: Dutch auction 2001 20¢ upset
Post by: keldaw on March 19, 2013, 05:31:33 PM
jeff , what time does it show us in QLD please . ,, kel ,,
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 19, 2013, 05:39:40 PM
Quote from: 'keldaw' pid='10052' dateline='1363676493'jeff , what time does it show us in QLD please . ,, kel ,,
About 51 minutes from now. I think that will be 6:00pm your (Eastern Standard) time.

Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: keldaw on March 19, 2013, 05:52:08 PM
:yahoo:
  , ok thanks , a certain person is watching and i am her back up ,
       so watch out all you southern people ..
 i dont know about any western people but we will soon find out ..

   :yahoo: is this like the football   maroon v the blues ??

 to me this is exciting stuff ..:yahoo:
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 19, 2013, 06:00:54 PM
30 minutes now.

15 minutes and counting down
Latest weather report is good so launch should proceed.

Is anyone willing to pay $180?

Don't be shy, speak up before you miss out

If not sold tonight then a more attractive asking price will be posted same time tomorrow.

Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: Ozcoins on March 20, 2013, 11:09:13 AM
Looks like "everyone ignores it" is right.
Your plan is working perfectly.
Good luck with the sale Jeff.
Title: RE: Dutch auction 2001 20¢ upset
Post by: keldaw on March 20, 2013, 11:45:57 AM
jeff  ,

 do you offer free interest , deposit ,  and time payment plans .

 maybe when the time and price is right for some people,,, they may want it,  but dont have the cash ..     ,, kel ,,
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 20, 2013, 12:55:39 PM
Quotedo you offer free interest , deposit , and time payment plans
As it happens I have a special deal for all forum members called Kel -I think that may be two of you-
•90% deposit
•One month to pay the balance
•Interest free
•If not paid in full within the month all payments to date are non refundable.

Everyone else can try Harvey Norman or hit the plastic. :mocking:

Seriously though, I will send registered post with full insurance for free.

Jeff

QuoteLooks like "everyone ignores it" is right.
Looking forward to the ribald comments tonight.
Title: RE: Dutch auction 2001 20¢ upset
Post by: keldaw on March 20, 2013, 01:46:48 PM
: sounds good   , but :dodgy::idea:

       when the price is right ..


    ,, kel ,,
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 20, 2013, 05:59:55 PM
Only half an hour until today's price decrement.

Any nibbles at $165.00?
Title: RE: Dutch auction 2001 20¢ upset
Post by: purplepennyhunter on March 20, 2013, 06:47:31 PM
cool font!
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 20, 2013, 06:56:40 PM
Quotecool font!
Hi K H,
Took a bit of experimenting to get that to work. Hope you like the colour?

Jeff

And, awaiting comments, feedback, criticism from anyone else.

Thanks in advance
Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 20, 2013, 09:17:09 PM
Hey Jeff
Hope you don't mind but I get a bit creative at times, so,
Here's a mascot to add some colour to your auction

Perhaps nibbles can introduce the new price for each evenings' gathering of the collectors?
(http://i673.photobucket.com/albums/vv93/ROBBIEWITHLUV/nibblestheauctionbunny_zps1dd79a8b.jpg)
Title: RE: Dutch auction 2001 20¢ upset
Post by: Goldseeker on March 20, 2013, 11:26:50 PM
You have a PM...........jeffH
Title: RE: Dutch auction 2001 20¢ upset
Post by: Ozcoins on March 21, 2013, 07:37:18 AM
Waiting, waiting for an announcement......
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 21, 2013, 09:17:25 AM
Announcement probably coming soon.
I have been made an offer that I find hard to refuse.

Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 21, 2013, 05:43:02 PM
Well, "upsetcoinseeker"Ûž has obviously peeked at my wish list (http://www.australian-coins.net/showthread.php?tid=168) and made an offer.
No, not a case of Grange but something quite desirable that I don't have.
So, tentative acceptance made (just waiting final arrangements).

Dutch Auction is now on hold. Will only be resumed if the other arrangement does not proceed.

I will advise what is happening and would like to have feedback for improvements to any similar, future auctions. I have a few ideas; what works in a room full of prospective buyers, does not work so well on-line (at least the way I did it). I may have to consult with MarkN to see if my ideas for a better "reverse" auction are feasible.

Next time I might try a less ambitious coin (or coins) to experiment with. And, I promise Nibbles will get a Guernsey in the next auction.

Jeff
ÛžNot his real user name. Thinly disguised to almost conceal his identity.
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 21, 2013, 08:38:20 PM
NIBBLES will be madly gnawing on that dandelion flower - shivering with excitement as she awaits the next dutch auction bought to you by JeffH promotions .......
NIBBLES the AUction Bunny hopes that your sale or swap is a most satisfactory trade arrangement
(http://i673.photobucket.com/albums/vv93/ROBBIEWITHLUV/nibblestheauctionbunny_zps1dd79a8b.jpg)
Title: RE: Dutch auction 2001 20¢ upset
Post by: Ozcoins on March 21, 2013, 10:45:54 PM
Jeff,
I liked your "reverse auction" idea so much that I am tentativelly considering doing one as well -if it does not tread on your toes.
A couple of ideas I had were to have the amount it drops by set each day (eg 5% per day), or based on tossing a die (eg toss the die twice, add the numbers and take that percentage off)
What do you think?
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 22, 2013, 02:03:55 PM
QuoteI liked your "reverse auction" idea so much that I am tentativelly considering doing one as well
It's not really my idea. Commonly used in fish auctions I believe. Go for it.

I am inclined to think an agreed drop in the asking price each day would be the go. Would be nice if that could be automated but, I don't think Forum code would handle that?
Also, encourage interested members to express an interest. Then you can see who is on-line when you set the next price reduction. Otherwise, no idea what is happening out there.

Comment please ladies, gentlemen and assorted others (without mentioning any names);
•How often should price offer be reduced?
•What is a good time of day to be convenient to as many people as possible?
•Is there a workable measure to gauge interest along the way?
•Any other comments?

Thanks,
Jeff
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 22, 2013, 05:31:20 PM
nibbles doesn't care
just as long as she gets show time!!
Title: RE: Dutch auction 2001 20¢ upset
Post by: markn on March 22, 2013, 07:50:29 PM
I'll chime in and say a reduction once per day is probably enough.  The increment is entirely up to the seller but should probably be disclosed at the beginning of the auction.
Title: RE: Dutch auction 2001 20¢ upset
Post by: Ozcoins on March 22, 2013, 07:55:35 PM
Hi Jeff,
I did not mean to attribute the invention of the reverse auction concept to you, but I think your use of it here is good - thanks for the idea.
I would like to support this forum, so I will be holding my reverse auction here too.
Announcement will follow shortly.

PS. robbiegal.  Nibbles is welcome to do support of my revese auction too  :)
Title: RE: Dutch auction 2001 20¢ upset
Post by: trout on March 22, 2013, 08:04:29 PM
My pet "Nibbles" is waiting as well :diablo::laugh2:
[attachment=1478]
Title: RE: Dutch auction 2001 20¢ upset
Post by: Ozcoins on March 22, 2013, 08:16:19 PM
Oh dear Trout!
I think your nibbles might be trying to scare off competitors!!
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 22, 2013, 08:35:23 PM
ha ha
I rather like Trouts' nibbles there!!

Nibbles will cheerfully come along for the ride
I make make a smaller poster for the auctions
'Bunny' nibbles sort of fits in with the Easter theme
whereas croc nibbles is definately for the monster auctions!!
a handie kind of pet there Trout
Title: RE: Dutch auction 2001 20¢ upset
Post by: ausjack on March 25, 2013, 09:50:03 AM
Are I get it now sorry..it's like a normal auction where they ask to start the bidding and if they have no takers it drops until someone says yay to the price and if no more bidders then item goes for that price but most auctions take off once someone makes the first bid..very funny that.
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 25, 2013, 07:13:35 PM
Nibbles sometimes goes to a local 'house auction' that runs like that
and it took her a bit to realise what was going on

the start price goes down
then if there is a 'sudden' interested from another bidder the price can go up above the start price too

gets a bit confusing but fun

(http://i673.photobucket.com/albums/vv93/ROBBIEWITHLUV/64f288ea-4477-4dda-8db3-7f4ac0dc444e_zpsfdc131b8.jpg)
Title: RE: Dutch auction 2001 20¢ upset
Post by: ausjack on March 25, 2013, 08:21:55 PM
:drooling: MMMMM NIBBLES
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 26, 2013, 06:38:56 PM
put that rabbit gun down NOW!!! young jack!!   ha ha
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 26, 2013, 07:28:03 PM
Lovely crumbed and deep fried (southern chicken style).

Elmer Fudd
Title: RE: Dutch auction 2001 20¢ upset
Post by: ausjack on March 26, 2013, 07:46:48 PM
:dontknow: what you talkin bout willis, I's was just lookin, honest :blush2:
Title: RE: Dutch auction 2001 20¢ upset
Post by: robbiegal on March 26, 2013, 08:33:27 PM
yeah yeah
i'm watching ya sonny

ha ha
no bunny stew at robbie's place!!
Title: RE: Dutch auction 2001 20¢ upset
Post by: Goldseeker on March 26, 2013, 10:10:43 PM
Bunny stew, yes please.........
Title: RE: Dutch auction 2001 20¢ upset
Post by: ausjack on March 27, 2013, 08:19:03 AM
You'll get in trouble GS..I was just lookin too :drooling: and got in trouble :(

and that was NO bunny stew..repeat NO bunny stew.....but nothin said about BBQ :mocking:
Title: RE: Dutch auction 2001 20¢ upset
Post by: Goldseeker on March 27, 2013, 01:43:41 PM
Bunny stew or underground mutton stew, velly nice.   Haven't had bunny for long long time.   Me likey velly much.
Title: RE: Dutch auction 2001 20¢ upset
Post by: ausjack on March 27, 2013, 02:30:59 PM
Your gonna get me in trouble GS..ya can't touch nibbles :diablo: :mocking:
Title: RE: Dutch auction 2001 20¢ upset
Post by: trout on March 27, 2013, 03:18:57 PM
Quote from: 'ausjack' pid='10841' dateline='1364356859'Your gonna get me in trouble GS..ya can't touch nibbles :diablo: :mocking:

You can have a crack at MY "nibbles" but I just know who will be eating who :diablo: :laugh2:
Title: RE: Dutch auction 2001 20¢ upset
Post by: ausjack on March 27, 2013, 03:27:33 PM
I recon ya could take that old crock GS, couple of nice wallets and pair of shoes for the missus :mocking:
Title: RE: Dutch auction 2001 20¢ upset
Post by: JeffH on March 27, 2013, 03:30:49 PM
There are probably a couple of words involving viruses that should not be mentioned at this stage. Myxomatosis, calicivirus