For years it seemed bidding patterns (at least for 7 day coin auctions) were the same. People would bid on the coin during the first 2 days of listing. They would bid it to pretty low numbers, but there would be bidding. For example there might be 5 bids on a $100 coin bringing it to $30-$40 or something like that. Then 3 days of no bids. Finally the day before the end there would be a bump then another, these would build slowly then in the final minutes snipers would achieve the winning bid of $100.
In the past few months things have changed. A $100 coin might sit with no bids at all or hang with 1-2 bids for the first 3-5 days! The day before the end things get started, but still not to levels of days past, maybe $65-$75. Then, same as before, snipers will bring the coin to the winning bid.
The result is the same for buyers and sellers. I guess more and more people are realizing that sniping used to be effective.
As a dealer I am often not that interested in buying a specific, particular coin. But I enjoy throwing down a bid. For example if I am browsing and see a certified common date AU/MS Saint Gaudens offered with a low start by a seller I know (or a large volume 100% positive feedback Power Seller) I'll just bid $1,010 right then and there no matter how much time is left on the auction. I rarely ever even check my lists. I just assume I will be outbid. Makes sense because my bid is below the melt value of the coin. I have won coins that way but not often. It is slightly better odds than the lottery.
Anyway it seems there are less people like me bidding on the coins I list.
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