Accidentally overbid

[irish_creep]

Just seeking advice...

I was on a roll bidding $3.55 on coin after coin just now (big spender, I know), my brain sort of on autopilot, when all of a sudden I saw my stupid finger hitting the "place bid" button with $355 (no decimal) in the max bid box.

That automatically knocked the previous high bidder out, leaving me looking at paying a little over double my intended max. It's a nice coin, and frankly, I have no qualms about eating my loss.

However, I'm just worried that, knowing my luck, there'll be something about this particular coin that will attract all the loonies out of the woodwork to have a bidding frenzy that I honestly can't afford.

There's a little less than 2 days left on the auction. Comparable (as far as I can tell as an amateur) coins are selling for around what the bid now stands at.

Should I just ride it out and cross my fingers, or is there some way I can lessen my max bid from $355.00 to like $10.00 or something?

 

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[DizzyDigger]

You can cancel your bid. If there is no box for
you to check, contact ebay support and let them
at least be aware of the issue. The seller should
also be advised that the bid amount was an error.

 

[irish_creep]

Alright, cool- I'll check that out. I do all of my ebay stuff on my mobile, so it seems I'm missing a lot of the normal options apparently. Gotta get to a PC. Thanks man.

 

[jeff of pa]

if you contacted me & said you accidentally bid $355.00 instead of $3.55
I'd be tempted to get a Friend to bid it up to $350.00

not really

 

[wecoyote]

A friend of mine did the same thing once but for a LOT more money (he was putting in a bid over $1.000.00 and went over $10,000.00). He was able to retract his bid and he sent an apology to the seller because his bid revealed the reserve on the item.

 

[irish_creep]

if you contacted me & said you accidentally bid $355.00 instead of $3.55
I'd be tempted to get a Friend to bid it up to $350.00

not really

Heh heh, I had thought about that. If it came to that, I'd tell the seller that my max bid was $455, so if he tried some funny business he'd get burned.

 

[irish_creep]

A friend of mine did the same thing once but for a LOT more money (he was putting in a bid over $1.000.00 and went over $10,000.00). He was able to retract his bid and he sent an apology to the seller because his bid revealed the reserve on the item.

Dang, see, that's what I want to avoid. It's not the seller's fault I made a stupid mistake. I've decided to just sit tight.

 

[billn1956]

I hope you went back an checked the others..good luck.

 

[pat-tekker-cat]

Nothing wrong in making a mistake and admitting it. I've had buyers msg saying, "omg I made a mistake, I am so sorry......."

Not knowing your item particulars, I know I would be livid if I bet $300 on a $3 item, that I know are made a dime a dozen.
Who among us, has not omitted the . at times.
I'm on a little laptop and type like I got gorilla fingers....... (many errors and correcting)
I couldn't imagine trying to do it on a little ole cell phone.

GL with your bid/item.

 

[gollum]

That's why I almost always use a sniping service. I put in my max bid and forget about it. The sniper drops my bid in four seconds before the end of the auction. If there are higher hidden bids, it will go back and forth a hundred times per second until my highest bid is reached. I just got a beautiful 18" Minelab Kevlar Monoloop Supergoldsearch Coil for my SD2000 for $76.

If you make a mistake with your max bid, you can correct it any time before the end of the auction.

Mike

 

[Baltimore]

That's why I almost always use a sniping service. I put in my max bid and forget about it. The sniper drops my bid in four seconds before the end of the auction. If there are higher hidden bids, it will go back and forth a hundred times per second until my highest bid is reached. I just got a beautiful 18" Minelab Kevlar Monoloop Supergoldsearch Coil for my SD2000 for $76.

If you make a mistake with your max bid, you can correct it any time before the end of the auction.

Mike

Which sniper do you use?

 

[FragFox]

OH NO! Seriously don't worry. Explain to the seller and contact Ebay. They should be understanding.

Mistakes work both ways too. I was all set to buy a Garret AT Pro of of Craigslist that the guy used twice. He had it listed for $450.00 and was only one month old. I contacted him and he replied with a "my wife asked why I listed it for so low when I just paid $600.00 plus tax?" He quickly raised his asking price up to $500.00. And I was trying to get him down from $450.00. SMH.

 

[gollum]

Which sniper do you use?

I have used EZSNIPER.com for several years. Some people frown on sniping, because they say it isn't fair. It gets the job done, and has saved me a LOT of money. Also, you don't get tied up in a bidding war and wind up spending more than you wanted. You figure your max allowable for an item, start the snipe, then check the auction after it is over to see if you won.

I also advise not putting the item on "watch", because if people think there is a lot of interest in an item, they may wait till the last second or so to bid.

Mike

 

[jerseyben]

You do not need to explain anything to anyone...

Just use ebay's retract bid feature and be done with it.

 

[Paleo_joe]

I am seeing fewer snipers and more single early bids on my auctions. A lot of the time it seems like an early opening bid will scare off other buyers, even snipes. Especially if the opening bidder then goes in a few days later and increases his max bid so that it is obvious that he intends to have it.

I have started trying it when I buy. I used to snipe 100% of the time, but now am I thinking why get in a contest with 5 seconds to go when I can just stake a claim early and maybe send other people down the road looking for a better deal.