A common belief is that the Bookmark method is a cognitively simpler standard-setting method than the modified Angoff method. However, a limited amount of research has investigated panelist's ability to perform well the Bookmark method, and whether some of the challenges panelists face with the Angoff method may also be present in the Bookmark method. This article presents results from three experiments where panelists were asked to give Bookmark-type ratings to separate items into groups based on item difficulty data. Results of the experiments showed, consistent with results often observed with the Angoff method, that panelists typically and paradoxically perceived hard items to be too easy and easy items to be too hard. These perceptions were reflected in panelists often placing their Bookmarks too early for hard items and often placing their Bookmarks too late for easy items. The article concludes with a discussion of what these results imply for educators and policymakers using the Bookmark standard-setting method.