Did you get that sappy e-mail from reedededge?

agentjim007

If you buy that explanation I've got a bridge in NY to sell you. He says some auctions did make it to close. I'm willing to bet none were "rips"

rays

No. I guess I am off of their list after the email I sent them yesterday telling them to stop sending me all email.

agentjim007

deleted because Kiefer listed the same message

kieferscoins

"A WORD ABOUT YESTERDAY’S EBAY AUCTIONS….

Hello and welcome back.


Yesterday was a complete fiasco for us on EBay, and it’s a situation that we don’t want to run into again. I know some of you are pretty “hot under the collar” about several auctions that ended early, and we owe you an explanation for this action.

Let me start by saying that none of the coins that we auction on EBay are exclusive to EBay. In addition to EBay, we list/sell coins on CCE, Yahoo, our web store, our mail order list and finally, at coin shows. So, when we list a coin on EBay (or elsewhere), it is literally a horse race. The first customer to “pull the trigger”, generally will own the piece. Several of the coins we featured on EBay yesterday, including the generic $10 Indians, fell into this category and were sold at the Santa Clara Coin Show. We realized as the auctions were concluding that we had to remove these pieces quickly or be in danger of not fulfilling our contract to sell them. Despite the impression that some of you may have got, these coins had been legitimately pre-sold.

We also had a number of individuals that had made us offers on other coins throughout the week. Obviously, if we elected to accept an offer, we were forced to end the corresponding EBay auction early. Out of fairness to the EBay bidders, we let these auctions run as long as possible. When it became apparent that several of our auctions were not going to exceed the aforementioned offers, we chose to end the auctions early. These were primarily the “last minute” auctions that so many of you were justifiably angry about.

Unfortunately, when we came up with the idea of posting these “no reserve” auctions a couple of weeks ago, we did not calculate all of the possibilities that could arise. As offers started coming in on various coins, we tried to do what was fair to both the bidders and the potential buyers. But, in that process, we seemed to have angered both. For that, we humbly apologize.

Throughout the craziness of yesterday, there were several significant coins that did sell on EBay including a high-grade, early $5.00 gold piece. To those bidders that participated and were successful, we say thank you!

In conclusion, we hope that everyone will understand our position. Like everyone else on EBay, we are trying to sell a legitimate item at a fair profit and squeeze out a living in the process. Faced with the decisions that we had to make yesterday, we tried to do what was right and fair to all. Given the reactions of some of our bidders, you can rest assured that we will NEVER run this format of auction again. We are sincerely sorry about any ill feelings that this may have created as this was never our intention.

Thank you for your understanding and continued support.


Robert Lehmann
The Reeded Edge, Inc."

nwcs

Isn't it against ebay rules to have an item listed that is also cross listed in other areas or in a catalog or for sale outside of ebay?

DCAMFranklin

They only make the situation worse with their weak crap. I will NEVER bid on one of their auctions again. I'm sure they are reading this and I hope the lurkers will take their purchase dollars elsewhere, as well.

zenny

i think slimy works better than sappy for me.

i do know that one 10$ closed for greysheet ask.
shocking that no one had offered them higher at the show!

z

baccaruda

luckily they caught this incorrect listing - just in time too! 20 seconds before the close....

whoops! incorrect listing

keithdagen

Yesterday was a complete fiasco for us on EBay, and it’s a situation that we don’t want to run into again.

Don't worry Bob, you killed your rep, so you won't get anymore bids, ever.

Let me start by saying that none of the coins that we auction on EBay are exclusive to EBay. In addition to EBay, we list/sell coins on CCE, Yahoo, our web store, our mail order list and finally, at coin shows.

So, you list material that isn't really for sale. Too bad E-Bay closed down SafeHarbor, because this is the crap they used to police.

Several of the coins we featured on EBay yesterday, including the generic $10 Indians, fell into this category and were sold at the Santa Clara Coin Show.

Do like other dealers do. Any coin you plan on taking to a show, cancel the auction, and do not leave it running.

In conclusion, we hope that everyone will understand our position.

Yes, you are a scumbag, and I, as well as many others, will never buy coins from you again.

DCAMFranklin

Keith- Though we were both trying to make the same point, you definitely did a better job. Well done!

JoyofCollecting

Keith:

Ditto....you said it very well.

cosmicdebris

What Keith said.

dorkkarl

they can bite me

K S

Max

Is this practice any surprise from the one who belches after every show about all the new purchaes and how hot the market is and all his coins are PQ and undergraded and coins are a wonderful investment because of the war ya know and due to a down economy and all yada yada.

He could sell Chain cents at face and I would avoid him like a SARS carrying tourist. I just wish others would avoid those unethical dealers and put them out of business.

K6AZ

Someone needs to email a link to this thread and the other thread to these idiots. Do they really think anyone buys the load of BS in those emails?

doops

<< <i>They only make the situation worse with their weak crap. I will NEVER bid on one of their auctions again. I'm sure they are reading this and I hope the lurkers will take their purchase dollars elsewhere, as well. >>


rob dont need you anyway BOY !

greghansen

Ending No Reserve auctions early was bad enough...I've railed on that topic before...but sending the email with its pathetic 'explanation' just shows me that this individual thinks his potential/former customers are DUMB, DUMB, DUMB!! The bad business decision to go with the no reserve auctions was compounded by the worse business decision to send out a patently false explation for their actions.