Posted: 4/21/2010 7:09:36 AM |
eBay may not be the most trustworthy source of coins, but there are ways of getting amazing deals.
I am hunting for a 2008 Silver Proof Kennedy, PR70 on eBay. I bid on one, but I broke my own rules of engagement.
I missed winning the coin by 50C.
This takes time and timing, so it may not work for everyone, but if you do it enough times you WILL find great deals.
When you find an item that you want DON'T BID ON IT! Use the Watch this item function and keep an eye on the coin. Decide the highest price you are willing to pay. Think about this one because you won't have time to change your mind. in the last 10 seconds of the auction place your high bid PLUS .27c. If you want something for $30.00, your high bid will be $30.27. This keeps someone else from putting in your high bid of $30.00 seconds before you do. The final high bid may be $30.00, but you didn't get it because they put it in first.
The best time that this works is when there is a large discrepancy between what you are willing to pay and the current price. Someone is sitting around with the high bid that is half of the value of the coin congratulating himself while you have your true high bid ready to go. They will never know what hit them.
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