Another example of ending an auction early
ziggy29
Posts: 18,668 ✭✭✭
I had been watching this PCGS MS-63 1852 gold dollar on eBay in a three-day auction ending a little more than an hour ago. With a few minutes to go, the coin had a high bid a little over $600. (Current trends value is $1300.) I was thinking of putting in a late snipe considerably above that. Naturally, it started with a ridiculous $9.99 opening bid and no reserve. Now with raw gold I assume "scam" or "fake," but with a pretty solid feedback history and a PCGS holder, what the heck? I'll watch it.
And *shazam* -- two and a half minutes before auction was to end, all bids were cancelled and the auction called off.
Not to resurrect a dead thread, but it sucks that there's no way for ANYONE to track this sort of thing in their feedback history.
And *shazam* -- two and a half minutes before auction was to end, all bids were cancelled and the auction called off.
Not to resurrect a dead thread, but it sucks that there's no way for ANYONE to track this sort of thing in their feedback history.
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Comments
I hate it when you see my post before I can edit the spelling.
Always looking for nice type coins
my local dealer
What do you think happens at major coin auctions? Ever hear of a "buy-back"?
Like it or not, most schrewd auction sellers will find a way to protect themselves at little or no cost. It's the widows and orphans in estate sales who get screwed, whether selling outright or at auction.
it wasnt me !
last bid was 633.05 and the PCGS guide is 1150.00,unless the guide is really off on this issue,the seller stepped on his/her unit !
seller is at fault for the auction ending time ! (been there,done that)
unless i have something that i just want to give away,my sales will end @ 8 pm PDT on Sat or Sun nites !
Proof
<< <i>The seller ended this listing early because the item is no longer available for sale. >>
He probably sold the coin at his shop or a show. I'm sure it must just be coincidence that the sale occurred 2.5 minutes before it was closing on eBay.
Russ, NCNE
<< <i>[He probably sold the coin at his shop or a show. I'm sure it must just be coincidence that the sale occurred 2.5 minutes before it was closing on eBay. >>
Ha! I plan to see if this seller offers it again, and I'll be asking them a question: Why should I bid on this item when you have a history of cancelling auctions on this coin a couple minutes before I could snipe a $1,200 bid on it?
<< <i>While it sucks, this is a victimless crime as no one was hurt and the only loser is the preson trying to get something for nothing.
>>
Not a victimless crime. Suppose you are looking for an example, and you pass on one because you will bid on this one?
<< <i>complaining will not get anything accomplished! >>
Not true. It gives us something to talk about.
Russ, NCNE
<< <i>At the risk of pi$$ing on someone's fire, until Ebay makes this something that is not allowed, complaining will not get anything accomplished! >>
Wrong.
It can alert other would-be buyers that this is a seller they might want to avoid if they find this practice objectionable. That accomplishes *something*. Until eBay gives us a way to measure this aspect of a seller's performance (the equivalent of a retracted bid, which is shown), we have to watch out for ourselves.
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Still, no pain, no gain. You haven't lost a cent.
You may have missed an opportunity, but if there were two of 'em for sale at the same time, another will probably be along soon.
Perhaps Ebay should charge a fee to end an auction, just like a "buy back" fee at a major coin auction!
That probably happens when sellers fail to spend the extra 5 bucks for a reserve auction.
When we are planning for posterity, we ought to remember that virtue is not hereditary.
Thomas Paine
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I agree wholehartedly!!!
As you say, life is too short!!
As long as they come out ahead they will look the other way!!!