CLOSED - New auction. Bids go up!

[JeffH]

Well the reverse/dutch auctions have had some success but, I don't see they generated a high level of interest.
So, tomorrow, I start a new auction;
•I list a coin with a minimum starting bid
•You have 24 hours to lodge a bid
•You can bid on the thread or, if you want to be sneaky, send a PM.
•Bids close at 7:00pm EST each day
•Highest bid will be acknowledged each day and a new round of bids starts
•Auction finishes when only one bid is received for a day
•What happens if there is a tie? I don't quite know but suggestions welcome.

Any other suggestions for the rules are also solicited.

I have an interesting error coin to offer (probably not real high value but good to try out the concept). I will post pictures tomorrow.

Tell me what you think.

Jeff

[Ozcoins]

I like your idea.
I think if there is a tie, then maybe the first one to submit thier bid gets it?

[JeffH]

That works for me. In case of a tie, first bid in is the winner.

Jeff

[trout]

I like your idea.
I think if there is a tie, then maybe the first one to submit thier bid gets it?

I agree first in best dressed :good:

[keldaw]

I don't see how there can be a tie , the auction finishes when there is only I bid for the day  ,, how can anybody bid to make it a tie ,if some one bids same price then that is 2 bids for the day and auction then goes on to the next day ,. that's the way I see it . example is
 I bid $ 30.00 no other bids received up to midnight then I win .
 if during the day someone sees my bid of $ 30.00 then they should bid higher to win , not match my $ 30.00 bid  ,then that higher bid goes over to the next day and if no body goes higher then that bidder is the winner ,.. am I missing something..     ,, kel ,,

[Ozcoins]

I think the PM bidding...
2 People might bid the same amount.
If you bid $30 via PM, and then I bid $30 on the board later, you would win as you got in first.

[keldaw]

thanks ozcoins ,

I did not think about the pm, thank you for clarifying


that for me ..   ,, kel ,,

[JeffH]

A tie could be two people bid the same (highest bid) amount one day and neither bids the next day

[ausjack]

maybe given the option to increase their bids..just a thought
or toss a coin or one of those puter dice roll thingies and who ever picks or is closest to wins.

[JeffH]

Here is the con that will be up for grabs. Just an average, worn 1985 $1.
But, with quite a good delamination. Looks like the join between two strips of planchet stock.

Bidding starts now and first round of bids will be collated 17 April (tomorrow) at 7:00pm EST.
Remember, you may bid anytime but only one bid per day.

Please keep your bids moderate; that way it should run for a reasonable period. If you miss out today you can always bid a little higher tomorrow.

Jeff

[trout]

OK I'll kick it off.
I bid $1 :ok:

[JeffH]

I did mean to say minimum bid should be $1.00.

[trout]

I did mean to say minimum bid should be $1.00.

I must have read your mind Jeff :angel:

[ausjack]

$1.17 and yes I can give the .17 :mocking:

[keldaw]

can I bid $ 1. twenty and a quarter .    ,, kel ,,