[Auction] Casascius 2013 Silver 0.1 MS-68 [1 of 3 known to exist] 2 Day Auction

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: Quickseller on July 23, 2015, 07:49:45 AM

Quote from: Fortify on July 23, 2015, 02:33:55 AM

Quote from: elianite on July 22, 2015, 08:37:06 PM

Quote from: Quickseller on July 22, 2015, 08:35:10 PM

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

If that is indeed the precedent in these sorts of situations, I will honour AnalogKid's bid. I apologise for the confusion

So you were swayed from extending the auction by the only other person selling a M68 0.10 casascius coin at the moment..

While I do like your snarky comment, me swaying him this way was probably harmful to me. If he had not sold the coin to TheAnalogKid at the price he did then there is a good chance that I would have sold it to TheAnalogKid, likely at a much higher price (then the high bid amount). Now, I have a coin that I am interested in selling and the only point of reference is a high bid amount that I think is much below the market value.

Should be noted that final price was above the final bid. I have an ms67 version of the same coin. I might auction it also.

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: Fortify on July 23, 2015, 02:33:55 AM

Quote from: elianite on July 22, 2015, 08:37:06 PM

Quote from: Quickseller on July 22, 2015, 08:35:10 PM

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

If that is indeed the precedent in these sorts of situations, I will honour AnalogKid's bid. I apologise for the confusion

So you were swayed from extending the auction by the only other person selling a M68 0.10 casascius coin at the moment..

While I do like your snarky comment, me swaying him this way was probably harmful to me. If he had not sold the coin to TheAnalogKid at the price he did then there is a good chance that I would have sold it to TheAnalogKid, likely at a much higher price (then the high bid amount). Now, I have a coin that I am interested in selling and the only point of reference is a high bid amount that I think is much below the market value.

monkeynuts

legendary

Activity: 1252

Merit: 1259

MONKEYNUTS

Quote from: Fortify on July 23, 2015, 02:33:55 AM

Quote from: elianite on July 22, 2015, 08:37:06 PM

Quote from: Quickseller on July 22, 2015, 08:35:10 PM

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

If that is indeed the precedent in these sorts of situations, I will honour AnalogKid's bid. I apologise for the confusion

So you were swayed from extending the auction by the only other person selling a M68 0.10 casascius coin at the moment..

I hadnt made that connection ! Made me chuckle. Cheesy

Auctions being affected by forum outages, or incomplete auction rules are always very tricky to handle. It is impossible to please everyone.

Auction bidding tactics ... get in early and see if you snag a bargain if noone else bids (or the forum goes down !). Get a fairly high bid in early and scare off the competition, but risk paying mnore than you should
Or
Wait till the end and snipe, hoping timezones mean you get a cheaper coin as your competition is asleep, or just plain forgets about the auction

I kind of miss the crazy days before the no snipe rules were common place, and people would auction multiple coins on the same auction without a sniping policy .... all added to the forum 'lockout' when a post had changed while you were writing your own post. Those were the days. Roll Eyes

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: elianite on July 22, 2015, 08:37:06 PM

Quote from: Quickseller on July 22, 2015, 08:35:10 PM

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

If that is indeed the precedent in these sorts of situations, I will honour AnalogKid's bid. I apologise for the confusion

So you were swayed from extending the auction by the only other person selling a M68 0.10 casascius coin at the moment..

LazerViking

full member

Activity: 261

Merit: 103

Quote from: elianite on July 22, 2015, 09:51:37 PM

Quote from: LazerViking on July 22, 2015, 09:45:51 PM

I'm cool with it. No bigee. Grats on a very nice coin Wink

thanks for your understanding LazerViking. Hope to trade with you in the future

Np! I think I'm going to go ahead and reserve of the books you are putting together. Please put me down for whatever is the smallest available serial number. Thx

TheAnalogKid

sr. member

Activity: 322

Merit: 250

Quote from: elianite on July 22, 2015, 09:51:37 PM

Quote from: LazerViking on July 22, 2015, 09:45:51 PM

I'm cool with it. No bigee. Grats on a very nice coin Wink

thanks for your understanding LazerViking. Hope to trade with you in the future

I'll second that. I'm sorry it came at your expense, and I appreciate the graciousness.

Hey, you never know, with the way ANACS is going with these grades lately, you might get one sooner than later, for less...

Quickseller

copper member

Activity: 2996

Merit: 2374

I am glad that you both were able to reach an agreement that everyone was able to walk away happy

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: LazerViking on July 22, 2015, 09:45:51 PM

I'm cool with it. No bigee. Grats on a very nice coin Wink

thanks for your understanding LazerViking. Hope to trade with you in the future

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: TheAnalogKid on July 22, 2015, 09:43:04 PM

As I said in our PM exchanges, the way it ended felt like it was Game 7 of the World Series, one team up 1-0, and the game was declared over in the 8th inning on account of rain. Not the way you want to end something exciting, as it should have happened.

I'm sure we were all hoping for an interesting sniper-duel in the final seconds.
You were a great sport. Look forward to its safe arrival. Regarding the book; some exciting news is coming out soon! stay tuned

LazerViking

full member

Activity: 261

Merit: 103

I'm cool with it. No bigee. Grats on a very nice coin Wink

TheAnalogKid

sr. member

Activity: 322

Merit: 250

Elianite and I settled this via PM, to I believe both our satisfaction. We negotiated a deal for what I think is a more fair price for the coin, and, more importantly, includes a copy of his upcoming book which I'm quite anxious to see... Cool

The final price was indeed higher than the auction end, but it will be kept private at both our request. The next public sale can happily establish the market. Or not... Grin

As I said in our PM exchanges, the way it ended felt like it was Game 7 of the World Series, one team up 1-0, and the game was declared over in the 8th inning on account of rain. Not the way you want to end something exciting, as it should have happened.

Elianite is a stand up dude, and I have no issues with him, or the way this was eventually handled. And no, I'm not saying this because I ended up with the coin either. Wink

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: Quickseller on July 22, 2015, 08:35:10 PM

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

If that is indeed the precedent in these sorts of situations, I will honour AnalogKid's bid. I apologise for the confusion

Quickseller

copper member

Activity: 2996

Merit: 2374

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

Blazed

legendary

Activity: 2128

Merit: 1119

Meh...
I would have just accepted his bid and been done with it. I do not agree with changing the increments and adding 24 hours. I guess if he is good with it, but to me that is lame.

Panthers52

hero member

Activity: 675

Merit: 502

#SuperBowl50 #NFCchamps

Quote from: elianite on July 22, 2015, 08:12:17 PM

Quote from: Panthers52 on July 22, 2015, 08:10:06 PM

Quote from: TheAnalogKid on July 22, 2015, 08:03:51 PM

Quote from: elianite on July 22, 2015, 07:26:15 PM

In that case, it is only fair that we set an extension.

To ensure complete fairness (so that prior bidders have an opportunity etc), i propose a solid 24h extension to 8pm EST tomorrow. Thoughts on this?

No matter which way I respond, I'm damned if I do, damned if I don't.

If I don't agree to extending the auction and argue that by the stated rules technically I won, I'm perceived a sore winner and a prick because I am seen as trying to preserve an auction win for a coin that sold for even what I agree is a good deal below probable market value.

If I do agree to extend it, I stand a very good chance of losing out on the coin completely.

At any level, I object to a full 24-hour extension. To me, that feels like the auction didn't end where you wanted the price to, so you're adding on hoping that others will jump in in this extended period and get you more for the coin. This was an auction. When you auction, you are gambling and risking both sides - you could get more than you hoped, or you could get less than you hoped. If you wanted a better guarantee for the former to happen, list the coin for a higher start, and put a reserve in, and make it a 5- or 7- day auction. That part isn't my fault.

In the end, whether I or anyone else agrees with it or not, it is your auction and your terms. Do with it what you wish, and I will abide by the decision either way.

I would agree with this 100%. I was similarly affected by the forum going down, and my auction did not go the way I was hoping for (even though I agree that both my coin and your coin are worth far more then the high/winning bids), however I honored the terms of my auction.

I think that extending your auction might lead to you get maybe 1 or 2 extra BTC for your coin, however the damage to your reputation will likely be much greater, at least it will be in my eyes.

I have offered to personally compensate AnalogKid, and hopefully make this right. I want to make sure everyone walks away with the feeling that a fair decision was made.

I would say that as long as your winning bidder (TheAnalogKid) is happy then I don't see an issue with the auction restarting, however I don't see a scenario where both TheAnalogKid is made happy and you end up as a net in a better situation.

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: Panthers52 on July 22, 2015, 08:10:06 PM

Quote from: TheAnalogKid on July 22, 2015, 08:03:51 PM

Quote from: elianite on July 22, 2015, 07:26:15 PM

In that case, it is only fair that we set an extension.

To ensure complete fairness (so that prior bidders have an opportunity etc), i propose a solid 24h extension to 8pm EST tomorrow. Thoughts on this?

No matter which way I respond, I'm damned if I do, damned if I don't.

If I don't agree to extending the auction and argue that by the stated rules technically I won, I'm perceived a sore winner and a prick because I am seen as trying to preserve an auction win for a coin that sold for even what I agree is a good deal below probable market value.

If I do agree to extend it, I stand a very good chance of losing out on the coin completely.

At any level, I object to a full 24-hour extension. To me, that feels like the auction didn't end where you wanted the price to, so you're adding on hoping that others will jump in in this extended period and get you more for the coin. This was an auction. When you auction, you are gambling and risking both sides - you could get more than you hoped, or you could get less than you hoped. If you wanted a better guarantee for the former to happen, list the coin for a higher start, and put a reserve in, and make it a 5- or 7- day auction. That part isn't my fault.

In the end, whether I or anyone else agrees with it or not, it is your auction and your terms. Do with it what you wish, and I will abide by the decision either way.

I would agree with this 100%. I was similarly affected by the forum going down, and my auction did not go the way I was hoping for (even though I agree that both my coin and your coin are worth far more then the high/winning bids), however I honored the terms of my auction.

I think that extending your auction might lead to you get maybe 1 or 2 extra BTC for your coin, however the damage to your reputation will likely be much greater, at least it will be in my eyes.

I have offered to personally compensate AnalogKid, and hopefully make this right. I want to make sure everyone walks away with the feeling that a fair decision was made.

Panthers52

hero member

Activity: 675

Merit: 502

#SuperBowl50 #NFCchamps

Quote from: TheAnalogKid on July 22, 2015, 08:03:51 PM

Quote from: elianite on July 22, 2015, 07:26:15 PM

In that case, it is only fair that we set an extension.

To ensure complete fairness (so that prior bidders have an opportunity etc), i propose a solid 24h extension to 8pm EST tomorrow. Thoughts on this?

No matter which way I respond, I'm damned if I do, damned if I don't.

If I don't agree to extending the auction and argue that by the stated rules technically I won, I'm perceived a sore winner and a prick because I am seen as trying to preserve an auction win for a coin that sold for even what I agree is a good deal below probable market value.

If I do agree to extend it, I stand a very good chance of losing out on the coin completely.

At any level, I object to a full 24-hour extension. To me, that feels like the auction didn't end where you wanted the price to, so you're adding on hoping that others will jump in in this extended period and get you more for the coin. This was an auction. When you auction, you are gambling and risking both sides - you could get more than you hoped, or you could get less than you hoped. If you wanted a better guarantee for the former to happen, list the coin for a higher start, and put a reserve in, and make it a 5- or 7- day auction. That part isn't my fault.

In the end, whether I or anyone else agrees with it or not, it is your auction and your terms. Do with it what you wish, and I will abide by the decision either way.

I would agree with this 100%. I was similarly affected by the forum going down, and my auction did not go the way I was hoping for (even though I agree that both my coin and your coin are worth far more then the high/winning bids), however I honored the terms of my auction.

I think that extending your auction might lead to you get maybe 1 or 2 extra BTC for your coin, however the damage to your reputation will likely be much greater, at least it will be in my eyes.

Hellot

hero member

Activity: 679

Merit: 526

Quote from: TheAnalogKid on July 22, 2015, 08:03:51 PM

Quote from: elianite on July 22, 2015, 07:26:15 PM

In that case, it is only fair that we set an extension.

To ensure complete fairness (so that prior bidders have an opportunity etc), i propose a solid 24h extension to 8pm EST tomorrow. Thoughts on this?

No matter which way I respond, I'm damned if I do, damned if I don't.

If I don't agree to extending the auction and argue that by the stated rules technically I won, I'm perceived a sore winner and a prick because I am seen as trying to preserve an auction win for a coin that sold for even what I agree is a good deal below probable market value.

If I do agree to extend it, I stand a very good chance of losing out on the coin completely.

At any level, I object to a full 24-hour extension. To me, that feels like the auction didn't end where you wanted the price to, so you're adding on hoping that others will jump in in this extended period and get you more for the coin. This was an auction. When you auction, you are gambling and risking both sides - you could get more than you hoped, or you could get less than you hoped. If you wanted a better guarantee for the former to happen, list the coin for a higher start, and put a reserve in, and make it a 5- or 7- day auction. That part isn't my fault.

In the end, whether I or anyone else agrees with it or not, it is your auction and your terms. Do with it what you wish, and I will abide by the decision either way.

As an observer here, I agree with TheAnaolgKid, Extending it 24hours for a 20 minute outage is excessive, but also changing the bidding rules looks just plain shifty.

TheAnalogKid

sr. member

Activity: 322

Merit: 250

Quote from: elianite on July 22, 2015, 07:26:15 PM

In that case, it is only fair that we set an extension.

To ensure complete fairness (so that prior bidders have an opportunity etc), i propose a solid 24h extension to 8pm EST tomorrow. Thoughts on this?

No matter which way I respond, I'm damned if I do, damned if I don't.

If I don't agree to extending the auction and argue that by the stated rules technically I won, I'm perceived a sore winner and a prick because I am seen as trying to preserve an auction win for a coin that sold for even what I agree is a good deal below probable market value.

If I do agree to extend it, I stand a very good chance of losing out on the coin completely.

At any level, I object to a full 24-hour extension. To me, that feels like the auction didn't end where you wanted the price to, so you're adding on hoping that others will jump in in this extended period and get you more for the coin. This was an auction. When you auction, you are gambling and risking both sides - you could get more than you hoped, or you could get less than you hoped. If you wanted a better guarantee for the former to happen, list the coin for a higher start, and put a reserve in, and make it a 5- or 7- day auction. That part isn't my fault.

In the end, whether I or anyone else agrees with it or not, it is your auction and your terms. Do with it what you wish, and I will abide by the decision either way.

elianite

legendary

Activity: 1401

Merit: 1143

The Cryptonumist

Quote from: LazerViking on July 22, 2015, 07:43:44 PM

It's up to you and AnalogKid, but it is fine with me.

Quote from: Possum577 on July 22, 2015, 07:50:19 PM

Will the extension keep the same bid increments of BTC0.01 or will the bid increments be increased to BTC0.10?

Alright; I am announcing an extension.

Ending Date: 07/23/2015 8:00PM EST
Starting Bid: 2.20BTC
Bidding Increments: 0.10BTC

AnalogKid; PM me if you are unsatisfied and I will try to make it right.

Topic: [Auction] Casascius 2013 Silver 0.1 MS-68 [1 of 3 known to exist] 2 Day Auction (Read 1728 times)