Round 3 bids:
?: 333
Hobo: 224
Isaac: 228
Stephen: 387
Isaac has the second lowest bid and gets to keep his coins. Stephen has the highest bid and must pay the second lowest bid. Hobo has the lowest bid and must pay both the lowest and highest bids. He cannot afford to, so Hobo is eliminated.
Here are the standings after Round 3:
Stephen: 692
Isaac: 468
?: 352
Hobo
Begin Round 4! You have 48 hours to send in your bids!
?: 333
Hobo: 224
Isaac: 228
Stephen: 387
Isaac has the second lowest bid and gets to keep his coins. Stephen has the highest bid and must pay the second lowest bid. Hobo has the lowest bid and must pay both the lowest and highest bids. He cannot afford to, so Hobo is eliminated.
Here are the standings after Round 3:
Stephen: 692
Isaac: 468
?: 352
Begin Round 4! You have 48 hours to send in your bids!