Not that I’ve done this to someone
Moldnut
Posts: 3,113 ✭✭✭✭
Made an offer on a coin and during the wait, someone bought it. 
Derek
EAC 6024
EAC 6024
5
Moldnut
Posts: 3,113 ✭✭✭✭
Comments
SHOCKA DA DA
I hate it when that happens. Fear not. A few times that has happened to me I end up with a better piece down the road.
I'l just betcha it'll happen to you too. Be an optimist
Been there !!!
yes, been there
BHNC #203
Yup. That sucks.
I once asked a dealer what the price was, and someone reached over my shoulder and handed him the cash. It was poor form on the dealers part IMO to sell it that way.
Online would be different, but it would still suck.
A few months ago I made an offer on a coin on the BST here. The seller made a counter offer which I quickly accepted. While I was waiting for his contact information, he sold it to someone else. He told me this two days after I accepted his counter offer. I'm guessing he used our deal to extort a higher price from another forum member. Needless to say I won't be buying anything from him in the future.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
When a 'best offer' just isn't the best.
``https://ebay.us/m/KxolR5
I hate it when that happens but sometimes it's better to just pay up and not miss out.
I have made offers on coins... sometimes accepted, sometimes not. If it is really good, I just pay the price.... I do not haggle on special coins...and yes, I have overpaid and do not regret it.
Cheers, RickO
That's poor dealer etiquette. The unspoken rule is that a person waits till the dealer is done with the customer. He should have offered you first.
Pete
Happens all the time at auctions....
Coin Club Benefit auctions ..... View the Lots
I've done it to others and it has happened to me. It's all part of the game.
Back in the old days a few years ago on ebay, you could actually see who won auctions and could contact the person who made the purchase.
Topstuff got me on a nice Morgan that way.
Click on this link to see my ebay listings.
I've had that happen too. Thought I had it and then the rug gets pulled out.
This is also similar to the coin show where you walk around and make notes on what nice coins were at which table and then go back to find them already sold. D'oh
Made offer, accepted then sold to someone else before it was shipped.
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
It's never happened to me, but I've always understood the possibility.
My YouTube Channel
Ill be honest. When ebay would show you that there were pending offers, I got a kick out of pulling the rug out from under someone
EAC 6024
i went to a coin shop to buy a gsa with ngc certs the dealer called me about thus me going down to pick it up and he in turn sold it to someone else ( Who happened to be another dealer) i then blew my nose and left. (the 1st dealer is no longer in business.
The best were the listings that were already underpriced. I recall one find where it was a common date PCGS doily Morgan for around the greysheet price (maybe $5 over) and there were multiple pending offers as I clicked buy it now.
Similar happened to me yesterday on something plenty expensive and incredibly difficult to find. Partly I'm relieved as I still have the cash, but partly I'm bummed as I know another one as nice will take ages to find. I tell myself to be dispassionate and emotionally detached, but that's silly advice. The thrill and emotion are the whole reason for participating.
C'est la vie. So, I dwell a bit on an opportunity lost, but I'm sure I'll find something to blow my coin budget on.
Cash and Possession. I never take my hand off until the transaction is done. I learned the HARD way, and it would short out too many monitors without uncontrollable sobbing from the members here to reveal the details
Some Wins: At a show, item was not marked, person in front of me asked, and was quoted $30. He offered $20, declined. I stepped up, not even knowing exactly what it was, other than it was neat, I had never seen one before, and it would neat on the wall of the garage (Rotunda 4 gauge single housing racing pod). I picked it up, confirmed $30, he said yes, I gave him $30, Person 1 walked back up with $30, gone maybe 15 seconds, too late. I have found 2 on ebay, cheapest was $1300.
Older car, when I arrived, maybe 10 - 12 guys looking at it in the back yard. I asked the owner if he had the title (in his hand) and to show me the new parts. We walked into the garage, he showed me the new parts (worth maybe 2x what he was asking for the car, and they went with the car.) I paid him, got the title and a receipt, and he walked outside and told everyone it was sold. You would have thought a riot would break out, comments of "I was here first" "I was going to offer more." "I have cash" etc. Game over.
I bought a (large) item, and was carrying it back to my space at an Auto swap meet. A person stopped me and said he had looked at it a few minutes earlier, and was going to buy it. I said OK, I bought it. He said he wanted to buy it for the $75 price on the tag that I had removed. (I had negotiated it lower). I politely declined, as this was an item I sold to a rebuilder for $150, and this is my income being self employed. I told him he could have it for what I get for it from the rebuilder, including the extra parts I had not removed yet. He would not take no for an answer, as he had seen it first, and knew I only paid $75 for it. He followed me all the way back to my space, whining the whole way. He finally paid $150 and left.
Be the early bird, have cash, and take possession while negotiating. I have also learned to remove the "price tag" after the sale as I have been stopped more than once, or people will search the "not for sale" area, and try to buy the deals I just got.
In this specific situation the dealer did nothing wrong.
Had a situation just this morning that's kinda similar.
Customer emails me, asking if I would accept his counteroffer
on a coin we just put up on our website.
He also asked for a slight delay in payment, till Oct. 31st or so.
I replied saying yes to both, and to let us know if he wanted to confirm it.
He did not ask for a hold on it.
Literally within 2 minutes of sending out the email, another
customer put the same coin into our 'shopping cart', checked
out, and paid for it in full, (along with 4 other coins).
I know some of you will probably say I should have 'held' the coin
for the first customer, but I get numerous emails asking about
a coin on our site, sometimes just for Info, and they don't buy the item.
Don't feel I was wrong to accept the 2nd customer's order and immediate
payment - was I ?
Agree, my bad. Just felt stupid trying to get an extra $10 off on a coin graded VF when it really was an EF.
EAC 6024
I would have done the same thing, Fred. Not wrong at all in my opinion.
My YouTube Channel
Noting wrong with that. Now in the computer age, things move much faster - no more mail bid auctions any more.
I totally agree a bird in the hand is worth two in the bush.