A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
You are bidding on 5 early 1900's New Year post cards with raised designs.Two are written on in the front,two are unused and the Leap Year card has a crease.The earliest seems to be from 1906 and one is specifically for 1910.At least one was printed in Germany.In general they are in pretty good condition.