No, Rich, I don't think you've been rinsed! It's a good price, but not a steal, and the coin looks OK. If it still looks OK in the hand then I think you can be pleased. There's no substitute for experience, and the only way to get it is to to buy coins! There were probably no other bidders because people tend not to like it when sellers use high starting bids. I have picked up some bargains myself that way. If he had started it at 99p it may well have gone over £39.