What's the Highest You've Ever Bid on Something... and Lost?
Posted: Tue Aug 13, 2013 4:46 pm
Call me crazy, but on occasion I'll bid on ebay up to 26X or even 28X face on a BU roll of something silver that I really want. The insane part is that I'm not coming close to winning ANY of these auctions... and I'm getting blown away by bids that go 5X or even 15X higher in a few instances. I guess those sellers are bidding them on their break apart value and selling them as indies, whereas I view them as a separate commodity valued at a lower multiple. Prior to 2008 you could pick up BU rolls for ten to twenty percent above what avg circ was going for.