I do prefer BINs, though you get better prices sniping (sometimes). Even with sniping I generally don't chase bids, so I don't tend to fall prey to shills. I dislike it when some sellers make all their sales private, so I don't actually have an idea of what to bid for the maximum.

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Luckily, I did not have to stay up very late for this one 
This I have learnt from a diamond forum that does not like their members talk too much about pearls for whatever reason(s) 

