Dutch auction 2001 20¢ upset

[JeffH]

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

[Australian coin]

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

[JeffH]

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

[Australian coin]

o I get it so you are teasing everyone... haha "here fishy fishy"

[JeffH]

No, it's not a tease. It is a well established selling method.
http://en.wikipedia.org/wiki/Dutch_auction

Jeff

[Australian coin]

I was just playing, I was also going to say id have a nibble, but your not in a playful mood, hug

[JeffH]

OK, nibble on this $150. :tease:
This is not an official offer, starts tomorrow 7:00pm Eastern Daylight Saving Time.

[enworb]

Awesome idea Jeff. I'll be watching!

[Ozcoins]

I'll be watching too.
Nice idea.

[JeffH]

Exactly one hour before it starts.
Stand by for the countdown.

[keldaw]

jeff , what time does it show us in QLD please . ,, kel ,,

[JeffH]

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

[keldaw]

: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:

[JeffH]

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

[Ozcoins]

Looks like "everyone ignores it" is right.
Your plan is working perfectly.
Good luck with the sale Jeff.