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Bid Increments - What they are and why

schloaty

Moderator
Staff member
Moderator
Bid increments are used in order to prevent people outbidding by just a penny or few pennies. This helps make tracking bids easier and reduces the number of bids (i.e....doesn't take 100 bids to advance $1), especially frivolous bids. It is standard in both auction houses and on-line auctions. Please keep your bids within the increment level for the current item price or a moderator will void your bid.

If you have any questions, please ask me (Schloaty) or any NASC auction 2010 moderator. Thanks!
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Please follow the bid increments posted in the rules:

**Bid increments:** *Please keep bids to WHOLE dollar amounts (no cents).
Bidding increments will be based on current high bid.

If the current high bid is between:

$1-$19, you may place a bid no lower than $1

$20-$49, you may place a bid no lower than $2

$50 + , you may place a bid no lower than $5

Bids higher than these minimums may be placed at any time.

If you see any bids not following the rules, notify a moderator please.

If you do not understand this bidding rule, please ask.
 
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