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Here's a disaster waiting to happen

relayerrelayer Posts: 10,570 ✭
in U.S. Coin Forum

This guy is trying to sell a 1986 Statue of Liberty Set (3 coins 50c, $1, and $5).

But he has it set up as a Dutch Auction with a quantity of 3. I'm not sure what his plan is to distribute the coins, somebody may get a $5 gold coin and somebody may get a 50c piece. image

Dutch Auction or a Set of 3
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Comments

  • BunkerBunker Posts: 3,926 ✭
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  • aem4162aem4162 Posts: 421 ✭
    he edited it (9-9-04 21:02:46 pdt) to say that it's a set
    anita...ana #r-217183...coin collecting noob
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  • relayerrelayer Posts: 10,570 ✭


    << <i>he edited it (9-9-04 21:02:46 pdt) to say that it's a set >>



    Well does that make it abundantly clear on who gets the gold $5 and who gets the $1 and who gets the 50c?

    Remember he is selling 3 coins, not 3 sets, in his Dutch Auction.
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  • krazyace5krazyace5 Posts: 177
    kinda fishy, he is new and the winner of his first 2 auctions was new also, they each have 2 feedbacks only and they are from each other!
  • Smitty79Smitty79 Posts: 1,313
    It's pretty clear to me that his intentions are that one bidder (high bidder) will get the set of 3 coins. What he needs to do is cancel all the bids and relist as a regular auction.
    - -

    Ask me no questions, I'll tell you no lies.
  • relayerrelayer Posts: 10,570 ✭


    << <i>It's pretty clear to me that his intentions are that one bidder (high bidder) will get the set of 3 coins. >>



    Yes, but he's a chucklehead and doesn't understand what he is doing.

    When this auction ends, he is going to have sold 3 sets to 1,2, or 3 people. And he can't deliver 3 sets because he only has one.

    It will be interesting feedback in a few days. I wonder how many of the bidders are chuckleheads too?



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  • Smitty79Smitty79 Posts: 1,313
    I sent the seller a message suggesting that he relist to avoid confusion. Also noted that the half is clad, not silver.
    - -

    Ask me no questions, I'll tell you no lies.
  • relayerrelayer Posts: 10,570 ✭

    It used to be you had to have 50 feedbacks before you could run a Dutch Auction, but that seems to have gone away in eBay 2.0

    Probably a feature they should bring back.

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  • robertprrobertpr Posts: 6,862 ✭✭✭

    It used to be you had to have 50 feedbacks before you could run a Dutch Auction, but that seems to have gone away in eBay 2.0

    Probably a feature they should bring back.

    Agreed. But I don't think that was to keep the chuckleheads from invading, I think it was a security thing that would keep someone from suddenly opening a new account, running a (scam) dutch auction, then cheating 50 different people at the same time.

  • relayerrelayer Posts: 10,570 ✭

    It looks like he'll be selling the $1 and 50c for $40 each.
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  • Smitty79Smitty79 Posts: 1,313
    Relisted but he still says the half is silver. Oh well, I guess no one is perfect. image
    - -

    Ask me no questions, I'll tell you no lies.
  • relayerrelayer Posts: 10,570 ✭

    Nice job Smitty, but there is only so much you can do to help some people.
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