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F/U: Reedededge bogus ebay no reserve auction: 1872 MS65RB Indian cent

raysrays Posts: 2,421 ✭✭✭✭✭
Here is one of the auctions where all bids were cancelled, for an 1872 PCGS MS65RB Indian cent. According to the reededge, they cancelled the auction because the coin was no longer available. Funny, because I now see them selling the same coin on ebay:here at $3250 opening bid.

Comments

  • mrdqmrdq Posts: 1,186 ✭✭✭
    what was it up to when they yanked it? any idea?

    --------T O M---------

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  • RussRuss Posts: 48,514 ✭✭✭
    I'm sure their response would be that the original buyer returned the coin.

    Russ, NCNE
  • gemtone65gemtone65 Posts: 901 ✭✭✭
    Russ: RE doesn't provide a return privilege.
  • RussRuss Posts: 48,514 ✭✭✭
    In that case, their response would be that they thought they had a deal, but the buyer backed out before it was completed.

    Russ, NCNE
  • smprfismprfi Posts: 874
    Use both links and report them for fee avoidance.
  • From the weededstench website:

    AUCTION PURCHASERS PLEASE ALSO NOTE: Auction merchandise is NOT returnable. The exception would be in the rare case of an inaccurate representation. An auction is a contract to purchase and it is NOT an approval service.

    His practices are so sleazy I wish there was a way to block auction sellers I would never buy from, I dont care what he is selling!

  • The first auction had no reserve and started at 9.99 . The second starts at $3250. No confidence. image
    Glenn
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    i can't stand greedy-edge

    K S
  • baccarudabaccaruda Posts: 2,588 ✭✭
    it's overpriced junk. then they hype the crap out of it.

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  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    i just despise it when a dealer says every coin is "pq this pq that"

    K S
  • baccarudabaccaruda Posts: 2,588 ✭✭
    also notice that every coin they have has been undergraded. they've also got the same load of civil war tokens that they're gonna cancel unless some unsuspecting newbie pays 10x what it's worth.

    1 Tassa-slap
    2 Cam-Slams!
    1 Russ POTD!
  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    I won one of their cents during their no-reserve campaign. It had about a half dozen spots of verdigris that they neglected to mention in the auction. They're also apparently refusing to take a return (they ignored two polite e-mails). I guess I will have to send it to PCGS for grade review.

    WH
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Wayne, I'm curious - are you going to leave negative feedback?
  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    When I asked about the coin after it was pulled, they said that they had a buyer so they cancelled the auction. I then inquired if the coin were still available and then they said yes, the buyer pulled out of the deal. They wanted $3100 for it. If I remember correctly, the auction was first pulled at about $1900.00.

    Tom
    Tom

  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    Mark,

    I've not decided and will give them some more time before deciding one way or the other. I certainly won't leave positive. Their auction does state that all sales are final and now that I've seen the coin when I go back and look at their images, some of the larger patches of verdigris is visible in the images. Still, I think that is the type of thing that should have been mentioned. What would you do?

    WH

  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    you agred to buy the coin sight-unseen & must accept the consequences.

    K S
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Tough call, Wayne.

    Since they mention that there is no return privilege and posted images, I probably wouldn't leave negative feedback. But, it irks me that they don't have the courtesy to reply to your emails. Not to mention, the cancelled auctions, for apparently bogus reasons and the persistent hype of their items.
  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    Karl,

    Yes, I know. And if I bought it just knowing the date and grade, that would be one thing. But, the seller also made certain representations about the coin. For example, the auction did say the coin was "problem-free". When it arrived, I saw it had about 2 dozen small patches of verdigris.

    WH
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    Why are you even considering not leaving negative feedback? If a dealer is going to resort to "no return" auctions, then he needs to get negative feedback when the coins are not problem free. That's the only way to ensure that the leopard changes its spots!

    Neg 'em and neg 'em good!!!!!


    PS - never, ever ever buy sight unseen from a seller that doesn't offer a return [a scan is NOT sight seen]. Oh, and isn't it against ANA guidelines to sell a coin without a return privilege?
  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    TDN,

    There are plenty of times I am willing to take a risk on smaller value, commodity items sight unseen. Most of the time when people represent them as problem-free they are. Sure, they sometimes don't have quite the eye appeal or are unattractively toned or something and that is why they are being sold that way. This risk is taken into account and priced into the equation by both parties. That is a risk I have no problem with on certain items. However, the economics get skewed when items are represented as problem-free and they're not.

    How they reedededge handles my complaint about their description will likely ultimately determine the feedback I give. People screw up. When they agree to a reasonable resolution, then I forgive. I appreciate the same courtesies in return.

    WH

    PS: Yes, the ANA requires a return privilege but there are exceptions, including one for auctions. I'm sure the authors of the ANA regulations did not have eBay auctions in mind when they wrote the exception. So, how it would be interpreted in an administrative hearing is anybody's guess. This deal is way too small to be worth the trouble to find out. I intend to see what can be done with a couple e-mails and then move on to the next deal (with someone else obviously).
  • baccarudabaccaruda Posts: 2,588 ✭✭
    Wayne,

    I, for one, would regard a retaliatory neg on your feedback a badge of honor if it came from reedededge.
    1 Tassa-slap
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    1 Russ POTD!
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    How they reedededge handles my complaint about their description will likely ultimately determine the feedback I give. People screw up. When they agree to a reasonable resolution, then I forgive. I appreciate the same courtesies in return.

    A good philosophy!

    My advice was predicated on them continuing to ignore your requests for return of a misdescribed coin. And my warning to avoid no return, sight unseen coins was a generality to which there are always exceptions for knowledgable collectors. But even knowledgable collectors put themselves at risk to just this type of situation.....
  • Wayne....i know the feeling! Awhile back(and before they offered returns on internet auctions like i believe they do now), i bought a NGC MS67 Buffalo Nickel the was listed in the description as having "pristine surfaces". The color was nice but when i recieved the coin ($209.00 or so) it was be-speckled with flyspecks. Needless to say i was NOT pleased! These weren't mentioned in the description, BTW.

    I tried to get a refund under their then policy of no returns except for "gross misrepresentation", or something like that. No go for awhile but after several emails......the last of which stressed the definition of the word "prestine" (i said unless the coin left the mint with flyspecks already on it....it shouldn't have been called "pristine")......i finally got around a 80% refund!

    They weren't happy i guess.......because the "My Heritage" account was closed and i can't access it! (it was nice to have the coins listed and have a quick valuation for most of them). After several emails to try to get it reopened......they wanted me to print something out and sign it and send it in as a sort of disclaimer. As i don't have a printer for this laptop.....i didn't do it so i'm still on the outs at Heritage.

    Funny,after i returned the coin....they relisted it and THIS TIME mentioned the flyspecs.....what they should have done in the first place!

    Go figure...
    Joe T




    << <i>I won one of their cents during their no-reserve campaign. It had about a half dozen spots of verdigris that they neglected to mention in the auction. They're also apparently refusing to take a return (they ignored two polite e-mails). I guess I will have to send it to PCGS for grade review.

    WH >>

    The Ex-"Crown Jewel" of my collection! 1915 PF68 (NGC) Barber Half "Eliasberg".

    Once again resides with Legend, the original purchaser "raw" at live Eliasberg auction. Laura and i "love" the same lady!

    image
  • Just watch my ICON and repeat after me....


    DOH.....DOH.....DOH.....DOH.....DOH.....DOH
  • dragondragon Posts: 4,548 ✭✭
    As a courtesy, I emailed this thread to The ReededEdge so they could possibly chime in with their side of the issue. I received a personal reply from them which is probably not appropiate to post here.

    I will say that I have purchased a couple nice pieces from them in the past from Ebay without incedent, but I do not think it's a good practice to stop no reserve auctions early, and if this is their new policy, I would not bid in any of their future Ebay auctions.

    dragon
  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    Here's an update on my situation: Robert has read the thread and we've exchanged several e-mails since my posts this morning. He has agreed to take a return on the coin I purchased.

    WH
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Wayne, good for you and for Robert.
  • goose3goose3 Posts: 11,471 ✭✭✭
    thats great but what about the next guy that gets screwed by a not-so accurate description and gets a dog with a problem!??? I can tell you that won't ever be me!

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