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Auctions are an excellent way to find great deals on all kinds of items. If you’re a collector, you can find rare stamps for sale at auctions, or if you’re just looking to build your stamp collection, you can get new stamps to add at the same time! However, there are several things that you need to know before entering into an auction in order to make sure that you get the most out of your bidding experience and avoid any issues that could get in the way of your winning the auction. This guide will go over some tips on how to get the most out of your stamp auctions.
The terminology used in the stamp auction world can be quite confusing for those new to the hobby. New stamp collectors should take the time to learn about these important terms before bidding on their first item. The following is a list of some common terms you may encounter when browsing through auctions or talking with other collectors.
The person running the auction is often referred to as the man.
The person placing bids during an auction.
When a bidder does not know what price they are bidding on an item until after it has been sold. This type of bid is common at most live auctions, where bidders are able to place bids without seeing the item up for sale first.
An overview of stamps that have come up for auction, usually containing pictures and descriptions.
Sometimes called a “buyer's premium”, this is a charge levied by the seller's company that goes towards paying for any postage required if the buyer cancels their purchase after purchasing from them.
When participating in a stamp auction, there are a few things you should keep in mind to make the most of your bidding. Do your research before the auction to see what items are up for bidding and how they compare to other auctions. Estimate how much money you want to spend on the auction beforehand and set a firm budget for yourself so that you don’t get carried away with impulse purchases. When making bids, it is important to watch out for people who may be trying to take advantage of inexperienced bidders.
When bidding on items in a stamp auction, it’s important not to get into an all-out bidding war. More often than not, people who start bidding wars over items that aren’t worth much end up spending more money than they had initially intended. If you have something close to your maximum budget, don’t go overboard and spend beyond your limit just because you feel like it. Wait until another time when a similar item is up for auction instead. The last thing you want is to accidentally end up with five rare stamps that are all one-of-a-kind while also having no cash on hand at all. That won’t do you any good in anything other than a collectibles store.
One Bid is a community for stamp collectors, dealers, and everyone in between. With us, you can buy stamps at live auctions, bid on them online, or submit your own listings. As a collector-friendly auction site, we offer many features that make it easy to manage your collection and share your passion with others. On our site, you can find an expansive list of all stamps from around the world; search by type, country, year, value range, and more!
When you sell, consign, or purchase on our site, it’s easy and fast. With One Bid, your listing can be live in minutes. Your listings can then be viewed by thousands of stamp collectors through our website and mobile app. And because we take care of all hosting, security, and bidding management for you, setting up your account is simple.