My First Auction

assorted colored vietnam postage stamps

Photo by Bich Tran on Pexels.com

It wasn’t my first….exactly.  I bought some stamps from eBay that were being auctioned.  I was the only bidder and won the lot (all the Italian stamps published in 1970) for the minimum bid.  So why make a  fuss over this one?  This was the first one where I had active competition.

So, I have bought a few stamps on HipStamp.  I have enjoyed the experience–except waiting for my stamps to appear.  I have bought a number of stamps for my 1970 collection, and despite it being in US dollars, have felt okay about the money I have spent.

I had never gotten into an auction though.  I am not really up on the prices and I don’t want to blow my budget.  In this case, some Canadian stamps were up that I knew had a heftier price tag, and I want to see how much of that album I can fill up.  These were pre 1935 stamps.  I didn’t have any of these in my album.

So, I took a deep breath and started bidding on four lots.  In some cases, I was beaten automatically by pre-registered bids.  In other cases, I had to wait a day before someone beat my bid.  Like most of us, I worried that someone was just bidding me up to raise the price–but then I thought they might be thinking the same about me.

Another bad thought struck me.  If I won only one of the lots, then I would have to pay shipping which almost equaled what I paid for the stamps.  Then again, I worried that if I became “desperate” to win the lots, I would over spend.  I have to admit, it caused some inner turmoil.

In the end, I waited until the last day and put in my final bid.  If it got beat, then I would just accept it and try again later.  Luckily, I won the four lots I bid on at a price I was quite comfortable with.  I even found a few stamps by the same seller to include in the sale to rationalize the shipping cost.

Will I do it again?  Absolutely.

Advertisements

1 thought on “My First Auction

  1. I don’t really like postal auctions and have only been at one which was organised by a local club. Lots of affordable lots but although there were only about 37 bidders, mostly club members (I wasn’t a member) it took me a while to overcome nerves. I think I have seen too many comedy movies where an unwitting blink or movement cost millions. So I tended to sit frozen on my chair before I could feel confident enough to hold up “#17”. it was surprisingly well organised. It was the collection of a deceased member.
    That was about five years ago.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s