Careful with making deals
Torey
Posts: 285 ✭✭✭✭
I had a buyer on eBay pay full price for 2 coins that were just listed at the time. The total was in the thousands... Later that night I received a message through my website stating that he bought 2 of my coins but was interested in 2 more that were listed. He offered a considerable amount less for the other 2 but stated that since he paid full price for the others, he thought it was fair. We went back and forth for a few emails and finally, I agreed to sell him the other 2 coins for a very nice discount on his end.
After the coins were delivered, I saw the first 2 that were sold- listed back on eBay through his coin store.
Fast forward some time (before the return window). The buyer filed a return for both coins, apparently since they didn't sell.
Now he has 2 coins for a big discount that I would never have agreed to.
What is your thoughts? Should someone be able to "borrow" your coins, list them on their store and if they don't sell, return them? To me, it was a snake move and another learning lesson.
Torey
Successful BST transactions- Bfjohnson, Collectorcoins, 1peter223, Shrub68, Byers, Greencopper, Coinlieutenant
Comments
He took advantage of you through eBay policies . Snake move? Yes. At the same time, now you know for the future never to let an a buyer leverage one sale against another, especially when eBay’s return policy is generous.
Founder- Peak Rarities
Website
Instagram
Facebook
Who was this dealer who played you?
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
just out of curiosity, what is your return period duration?
i'm still fighting tooth and nail to keep my 2 weeks. i have always and will always think that is beyond enough time to make a decision whether to keep something or not and more time than that allows for too much shenanigans BUT i do concede nonsense transactions are pretty rare.
to answer your inquiry, my 2c. if you don't have a history of good sales with that person, i'd probably block them for a while to prevent any more goofiness but remove them after 6-12 months. VERY RARELY do i encounter blowback from unblocking someone, if ever. it boils down to where you define your quality of life. some people don't mind stupidity from buyers now n then and focus on the whole of their sales and keeping a potential buyer some take a hard (understandably) line and block anyone that can't figure out transactions really have no need to be complicated and any stupidity like you mentioned and they are blocked for life.
i really think how communications go, if any, would push what i would do one way or the other.
Always amazed at the criminal genius of some.
I think you should edit the OP and say he conned you out of two coins.
Glad to be out of the high end stuff (sports cards/Leica cameras).
Lessons learned in my Ebay experience...
1) you still own the item long after you sell them.
2) taking anything off site is going to have a catch.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I would be happy to PM you. Hopefully, he posts here and can weigh in on his side of the story...
Successful BST transactions- Bfjohnson, Collectorcoins, 1peter223, Shrub68, Byers, Greencopper, Coinlieutenant
30 days. It is too long of a return window but I have found that regardless of accepting them, they can force a return for any reason.
Successful BST transactions- Bfjohnson, Collectorcoins, 1peter223, Shrub68, Byers, Greencopper, Coinlieutenant
Please PM me this dealer's eBay name. Sounds like someone to avoid. Thanks.
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
Maybe you could buy a few of his coins on ebay, then do your own return weeks after purchase. By then he'd be outside the return window of whoever he bought them from.
the reason i like a short return window is if they try anything outside a chargeback (no guarantee those will actually work 100% of the time) is that a seller has the option to accept a return outside the return window and 2 weeks goes by pretty quick. for those that want the Status benefits/discounts, gotta play the game at 30 and 60 days.
i've denied a few returns outside my return window because buyers wanted to treat the sale like it was just a dept store return right up the street but for some transactions (non coins) the shipping costs both ways can nullify a sale and if the item isn't broken or i made some other mistake, i'll communicate, let them air out their concerns/gripes and then just deny the return as part of my way to help educate buyers about the importance of returns via shipping vs store returns. they are not synonymous in my book. with inexpensive small coins, it is a little different story because it is so much cheaper to ship but a standard can still be applied of course.
I definitely don't want to go on a spite crusade. I am just irritated by what some will do in the name of the mighty dollar.
Successful BST transactions- Bfjohnson, Collectorcoins, 1peter223, Shrub68, Byers, Greencopper, Coinlieutenant
Snakes should of sold it as a lot so he would have to send all of it back.
Hoard the keys.
Please PM me their ebay ID, I would love to add them to my BBL.
called greed he wanted to make a profit and when he couldn't he wanted to return the coins very common nowadays
shut up or put up i care little
I would like to know who it is as well as that dealer does not deserve my business or frankly anyone else’s.
That is a shady move on their part.
I’ve recently dealt with a similar situation. Although I have no proof, I have my suspicions. Recently had inquiries on the same three coins from two different people, I know for sure they are different people.
Went back and forth on pricing and then haven’t heard from either in close to a week.
My guess is they were shopping the coins around and when they couldn’t find a buyer willing to pay more they just didn’t bother to respond to me.
Although they technically haven’t done anything wrong, I think the decent thing to do is at least tell the seller you’re not interested in purchasing the coins. It’s just annoying.
You could tell such a buyer that you'd be willing to set the two discounted coins aside for him. Once he has the first two (non-discounted) coins and is satisfied with them, you will wait until the return period on those two expires and then make the deal for the other two. Needless to say, keep all the communications within the ebay system for your protection.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
It appears that in your mind you were thinking of this as one large purchase, but in reality you only have a paper trail for four individual purchases. You played right into his hand.
It stinks and the buyer appears to be a jerk who may or may not have planned this upfront. I'm certain next time something like this comes up you will be more careful in how you view the transaction(s).
In honor of the memory of Cpl. Michael E. Thompson
Yes, please PM the info. Want to avoid.
I'm certain next time something like this comes up you will be more careful in how you view the transaction(s).
Lesson learned, although only one part of this was avoidable. The discount on the other 2 coins.
Him using my coins to stock his store for a month and see what sells is not avoidable until he is blocked.
Successful BST transactions- Bfjohnson, Collectorcoins, 1peter223, Shrub68, Byers, Greencopper, Coinlieutenant
Please PM me his ID. Thanks. As far as I'm concerned, he's scum...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
This is the primary reason I no longer want to deal with eBay. They have absolutely no idea about the volatility of the coin business and their return policies, which they enforce thru higher fee's, are ridiculous. 30 days on bullion is just stupid.
30 days on hot coin items is just stupid since values can dissipate with the morning mist. Most assuredly within a 30 day window.
The name is LEE!
For sure a snake move on the buyer's part, whether it was planned out from the beginning or something he saw he can take advantage of later. Ebay has made returns for buyers very easy and that is good in some sense when the item is not as described or pictured, but I can see that it can be abused. With graded coins and cards, the buying atmosphere has been made very safe on that alone.
I am not sure if the policy changed, but if PayPal is used on an eBay transaction, a buyer has up to 90 days to return an item if it is not as described. That "not as described" can be extended to mean just about anything.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
That’s really crummy on his part - flake out like that. A low life scum bad buyer. When they start getting screwball a bad sign.
I have a 14 day return privelege. Beyond that no returns accepted. Many of my big ticket coins in $2500 range just do at shows or with special retail clients.
Won one case where the guy claimed he returned it but it never showed up. No tracking provided by him either.
Your experience illustrates a case in point where I would need ship first 2 then maybe say “let’s clean up the deal on the first 2 first.” Or give some other reason for delay on last 2. I don’t like his trying low ball one down on next 2. Might probably meet him halfway (lowest consignor will go). That’s a bummer you get good sale first 2 then he turns around with the lowball game rob you of decent profit. However I probably would have done what u did (get the high volume deal).
At shows I pad a lot of stuff in prep for the lowball game. One Mexico 19th century NGC 64 low single digit pop silver coin I had $65 in it (somebody gave it away in online auc) the guy asked how much I said $250 (eBay seller at 275). He countered w 180 I countered w 200 he took it for that. I wanted triple dipple on it lol.
Certainly a snake move, not cool. The only thing that you can do is tighten up your Ebay policies and either lessen the return period or don't give out big discounts. It was fair game, and he played his cards within the rules, but it was a salty move and it did not make him look good. People like him are making Ebay a bad choice to trade coins for both buyers and sellers.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
Twenty years of doing Ebay, and I never would have thought of this...
The days of sending a $5000 Leica to Singapore are over.
Buyer... "Where is the camera? I got a rock"
Seller... "I got the serial number and shared it with every Leica service center."
The bluff worked
What is underrated or lost in this digital era is the lack of a network.
Ebay can be a wonderful tool, but with a network of clients and/or dealers.
So happy to be at the point of moving my low end baseball cards for $10 or less and flipping yardsale finds. Sooooo much more profits.
Take cash to shows and meet people... sorry for the OT but I am disgusted.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Reading this thread affirms my decision to never sell on eBay or any other platform. The world has always had more than its' share of filth and scum, it is just that this digital age with all of its' failures amplifies the problem. As a buyer on eBay, I have had less than a handful of issue in spite of purchasing more than a thousand coins and I am very grateful for that. There are a lot of good people out there, one just has to be careful.
Please PM me this user's eBay name as well.
Thanks.
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Spanish Colonial Pillar Set
Out him and ban him.
30 days too long for returns. How do you change the return to 7 days on your EBay listing?
You can't. Minimum is 14 days.
It is sad that this hobby is full of so many bad actors. Thanks for bringing it to our attention. Though I never would buy on Ebay I could end up buying from the cheat that went after you.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Definitely block that individual... And please, PM me his ID.... I do not want to do business with such an individual. Thank you .... Cheers, RickO
I wanted 12 minutes but ebay said no.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
My initial thought was that the eBay sale of the two coins at full price should be irrelevant to any deal made outside of eBay. If the shyster wants a discount, you should make that deal on a separate basis.
Just awful. Bad enough using the long return period to try to flip them, but then to leverage the original purchase for a discount on more coins, thats a whole new circle of hell. Imagine the karma that guy must have built up in his life ..
You said he was a member on this forum.
Please PM the Ebay ID and his forum handle
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Please send me his eBay ID as well.
I'd like to ensure that I never have to deal with him as a seller or a buyer.
I am a collector
And things, well things
They tend to accumulate
I do the smaller ticket high margin stuff on eBay but what I consider big ticket low margin do at shows or with special investor clients.
The way that guy basically ripped op want to avoid if possible. Those buyers such awful scum.
It's shenanigans like that that the ruin deals for honest collectors. Sorry to hear about this, but glad to know about it.
I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.
Some people just don't have care for others. Please PM me his eBay handle as well.
Collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
The buyer is a scumbag. I am glad I am aware of this (new) scam.
But the thing is, you only hear about the few eBay bad deals that go south.
You never hear about the great deals that happen everyday all day long.
PM me his handle as well, please. Shame thus cannot simply be posted to warn others of shameful behavior. You buy it and list it on your site, it is non returnable. Period.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
This issue could have potentially been avoided if eBay sellers could leave negative feedback for buyers.
Just sayin'.
I agree. This bastard has 100% positive feedback. What a joke
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Please post buyer's ebay ID here so everyone can block him. No one wants to deal with buyer like this.
I do think that is against the forum rules. I can pm you his ebay ID. In fact, anyone who likes this, I will PM as well.
Thank you
Successful BST transactions- Bfjohnson, Collectorcoins, 1peter223, Shrub68, Byers, Greencopper, Coinlieutenant
OK. PM me. Thanks.
I would say out him too but if it's against the rules to out a sheister, then so be it. Please pm me his eBay user as well.
Thanks!
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
This is crappy. Please PM ebay and forum id's as this is wrong. Thanks
Me too thanks