Seller Cancelled My Bid--No Longer Available For Sale--Then Relisted 1 1/2 Hour Later!

itsnotjustme

This seller coinhuntr_2 cancelled my bid on his auction stating the item was no longer available for sale. 1st Auction

1 Hour 31 Minutes Later, he re-listed it.

I e-mailed and he says he listed it expecting it to arrive in the mail (after 7PM?), then pulled it when it didn't (at 06AM), then re-listed it (at 0747AM) when it arrived. Auction 2

Placid

Was that you that bined it?

Russ

Was the original auction no reserve?

Russ, NCNE

benloe

Brian, it didn't last long the second time around. Maybe he was saving it for someone?

itsnotjustme

No I didn't BIN it. I think the seller lied to me in his reply, so I will not be buying from him ever.

Yes, the first auction was no reserve. It had just opened within a day, so it wasn't like it had no bids with hours left. I think the seller was too cheap to place a higher opening bid or set a reserve due to the higher e-bay fees. By cancelling and re-listing, he got the same BIN back on it with the lower listing fee of a $9.99 open item.

itsnotjustme

benloe, I thought of that... the buyer and seller could want the comfort of e-bay feedback and "insurance" on the sale. Maybe I spoiled it by bidding and pulling the BIN off. I did notice another bidder retracted his bid 11 minutes after making it.

BigD5

He probably struck a deal with another bidder, and told him/her that he would relist the coin so that that buyer could use the BIN and obtain the coin.

K6AZ

Make a note of the bidder who used BIN in the second auction. I can almost guarantee you the following scenario took place:

The bidder who used BIN in the second auction came along and saw the first one where you had bid, and took down the BIN. He emails the seller and says if he kills that auction, and relists with the same BIN, he will use BIN.

Both the seller and the bidder in this case are sleazeballs in my opinion. And it sounds to me like he definitely lied to you.

K6AZ

One more thing I missed in my first post.. coins-rare BIN'ed the second auction just over an hour after it was relisted. That wouldn't have been in the listings or search engine yet, so he definitely found the first auction and made a sleazy deal with the seller.

baccaruda

i hate it when sellers pull auctions - but this one's not all that sleazy i don't think. he actually did sell the coin outside of ebay and pulled the auction. i think that's reasonable.

ScarsdaleCoin

many sellers are starting do do this....they run items and if they dont like the price they see they cancel the auction....they chaulk it up to avoiding ebay fees....I dont think ebay has come up with a solution for it yet?

K6AZ

I don't think it is reasonable at all. If he wanted to sell it at $299, he should have used a fixed price listing. Oh, but wait, that would cost a couple of bucks extra in listing fees! Not only is it sleazy, but he is avoiding fees as scarsdale said.

This guy is going to find out that sooner or later this is not a good idea. I will never bid again on a seller's auctions where he cancels my legitimate bid. And I am sure I am not the only one who has this policy as a bidder.

baccaruda

if i'm selling, my policy is that if i list it - it's gonna get sold at that auction no matter what. i've always been pleased with the prices i've gotten and can't complain about something selling at market value. i also wouldn't feel right about having buyers spend their time looking at my auction only to pull it and waste it. i agree i wouldn't support sellers that do this.

but i think it's been established that sellers can pull auctions to sell outside ebay - that's pretty obviously what he did. besides, a buyer offered him BIN money - were you going to bid more than the BIN? if so, why didn't you BIN?

he got a bid for the money he wanted and he took it.

baccaruda

what i don't understand is why the buyer didn't just bid on the first auction rather than making a full BIN offer on it. seems he could have gotten it much cheaper.

MacCoin

I think sellers should NOT be able to cancel an auction for the last 12 hours before closing. Good God if they have 6 and a half day to change there mind. They don't know what they want to do in that much time they shouldn't be selling internet auctions. the BIN price seem fair. Was there a No resevre on it?

baccaruda

the seller probably didn't know that as soon as someone bid 1¢ on the coin, the BIN would drop off. pretty stupid system if you ask me.

K6AZ

I think the seller also shot himself in the foot. It has been my experience on eBay in just about all BIN auctions that I have had, that someone bid to take the BIN off, then the coin went for more than the BIN price! After having that happen several times, I realized it was a waste of 5¢ to put a BIN on the item. If I am not mistaken, that 23-S is a very tough date, and even tougher in a nice Fine. It sure looks to me like it may well have gone over the BIN if he had left the first auction alone.

baccaruda

you know K6, i pretty much agree with that.

i just turned over some coins i'm no longer interested in to raise funds for new ones and i estimated my total auction value at about $650 - the lots sold for $850. i guess i'm lucky i don't use BIN because i underestimated the value on almost every single item.

what makes me laugh is that my auctions that start at face value go much higher than those with high opening bids. you'd think those sellers would learn when they see at the end of their auction that no one took their $50 opening bid but the same item in a true auction sold for $60.

dbldie55

He stole that coin. This buyer is the one who paid $254 for the 1923-S in ANACS AG-3 a few weeks ago. He was a bidder on the 1923-S I sold last week, but was outbid. Mine was AG also (only the 3 showed, it went for over $200) If this auction played out, this coin would have probably doubled. This seller lost big time with the Buy it now.

AbesNeighbor

I write down all the dealers/ sellrs that cancel bids and just refuse to bid on their items. They want it both ways and the buyers get the worst of it.

If we would all do this you would see less of it.

Sellers do have the right to do it, I just don't agree with them being able to cancel auctions... except within the first few hours if an item is incorrectly listed.

Dan

K6AZ

<< <i>He stole that coin. This buyer is the one who paid $254 for the 1923-S in ANACS AG-3 a few weeks ago. He was a bidder on the 1923-S I sold last week, but was outbid. Mine was AG also (only the 3 showed, it went for over $200) If this auction played out, this coin would have probably doubled. This seller lost big time with the Buy it now. >>



If what you say is accurate as far as the value of this coin, I really am curious why Brian did not BIN when he first saw it.

K6AZ

<< <i>you know K6, i pretty much agree with that.

i just turned over some coins i'm no longer interested in to raise funds for new ones and i estimated my total auction value at about $650 - the lots sold for $850. i guess i'm lucky i don't use BIN because i underestimated the value on almost every single item.

what makes me laugh is that my auctions that start at face value go much higher than those with high opening bids. you'd think those sellers would learn when they see at the end of their auction that no one took their $50 opening bid but the same item in a true auction sold for $60. >>



Exactly. And now with what dbldie said, it serves the seller right. Sounds like he would have got a lot more than $299 if he let the auction run its course. Oh well, you know the saying.. penny wise and dollar foolish or something to that effect.

1956Quarter

One question..... if he didn't have the coin and ended the auction early because it had not arrived..... how did he photograph it for the first auction????? Smells like fish, mush be a fish.