What Would You Do? A BIN Question.

Clankeye

If you saw a BIN on eBay that you thought was an incredible deal (to the point of being a mistake) you hit it, and bought the coin, would you argue with the dealer if they then contacted you and said the BIN was a mistake? Would you insist they sell it to you? Or would you let them off the hook?

Clankeye

LucyBop

If its a Frankie, I'd fight em to the DEATH!

mbbiker

I would say You put in the price so you sell it for that. The reason they have you look over the auction BEFORE it becomes a real auction is so you can find errors like that and fix them.

Catch22

Honest mistakes happen. Let him off the hook.

Dog97

I'd let him off the hook. I'm not out to shank anybody.

ldhair

Are we talking a $5 mistake or a $500 mistake?

Clankeye

I'm talking in this case, about a $200 mistake. This question is pure speculation and curiosity on my part as to what most people would do. I just saw a new listing on eBay, went to hit the BIN as fast as I could, to find someone else had gotten there before me. I am fairly sure that the seller just blew it on his BIN price. And I have no idea if he would ask to be let out of it. I am just curious as to whether most people would let them out of the contract to sell if asked to, in this situation.

Clankeye

BigD5

If it was absurdly cheap, I'd notify the seller of the error, OR you could hit the BIN, and pretend like you didn't know any better and see if the seller follows through. I guess it would depend on the value of the item. Was it a legitimate mistake, or did the seller just now know the true value of the item?

benloe

I would let him slide.

Pushkin

I'd let him off the hook. Well, there are one or two dealers I'd enjoy .... it to. Naw, I'd let him if the hook - well, except for that one S.O.B.

I guess this is primarily a catch and release thread?

Clankeye

Well, my feeling is they may not have known the real value. But it's a tough one because they had another date from the same series and they wanted healthy money for that, and then this one, where I know for a fact there is a sight unseen buy for it of $325 and they had a BIN of $135. I would have bought it. And for the record if they contacted me and said it was a mistake, I would have renegotiated a price with them.

Carl

Barry

Happened to me once. I hit a surprisingly low BIN shortly after the auction was listed (just happened to be checking out the seller's stuff at the right time). He emails me said he was just about to make the correction when I hit BIN, and if I insist he will complete the transaction, but wanted me to understand the error. Not being one to take advantage of a mistake, I asked him what he would be willing to sell it to me for. He gave me a number that was reasonable and said it was his cost, and I accepted.

braddick

Keith bought a PCGS MS65 1971 Ike (I think that's what it was?) at an incredible BIN price a few months back. The coin arrived and sure enough, it was all as stated.

Some collectors either don't know, or don't care to know.
If it was an error, let it slide. If not? Well, you go to prove there are bargains on eBay (occassionally).

ARCO

absolutely not....would I obligate the seller to comply with his/her mistake. If the seller promptly informed me of an error, I would not be mad, nor offended...perhaps a bit dissappointed, but would not force the issue. There is much honor still left in numismatics and a coin exchange is many times a gentlemans agreement. Much satisfaction of collecting is in having both parties leave the transaction happy.

Tyler

LanLord

It may very well depend upon the sellers attitude when he/she contacts me with the information about the mistake. If they are sincere and appear honest I would accept their request to nullify the sale. If they were acting like it was my "duty" to let them out, I might be a little more of a hard nose about it. Attitude is everything.

dwood

I think ARCO speaks for me too. If its a dealer, or a collector who knows his stuff and made a mistake, I'd have to make the transaction "right" in order to feel good about the coin every time I looked at it in the future. I've stated several times on this forum that we as collectors have an obligation to the"good, honorable dealers" to create "win/win" relationships. I would never want to take advantage of a good dealer, and a good dealer would never take advantage of me (otherwise, he wouldn't be a good dealer).

If it were a slimeball who'd made a mistake in the listig, I wouldn't be looking at his auctions anyway.

All of these "moral dilema (sp?)" questions have the same answer for me. This IS an honorable hobby, and the actions of ALL of us are a reflection of our hobby. If we behave as some of the lesser grading services and other shady characters, how can we complain when one of them takes advantage of us?

Clankeye

<< <i>Much satisfaction of collecting is in having both parties leave the transaction happy. >>



I like that, Arco. I believe very much in the win/win situation. Which is why I would be a wretched failure in so many areas of life.

Clankeye

smprfi

I would let them off the hook if he agreed to leave me a positive feedback.

airplanenut

I'd BIN- if it was a mistake and they said so, I save them the aggravation of someone not letting them off the hook; if it wasn't a mistake... $CORE!