Do you ever feel bad about a coin rip on eBay?
sinin1
Posts: 7,500 ✭
from a seller who did not know what they had?
or do you feel that you have paid your dues being in the same situation yourself in the past?
or do you feel that you have paid your dues being in the same situation yourself in the past?
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siliconvalleycoins.com
The name is LEE!
But I feel just as good when I'm doing the ripping. Remember these guys are playing dealer so all is fair.
roadrunner
Looking for alot of crap.
Box of 20
Russ, NCNE
When I do well in my coin buying, whether on Ebay or at a coin show, or elsewhere, I consider it my payback for all the hours I've spent studying and researching coins.
Ray
Brian
I LOVE
<< <i>A rip roarong rip is what its all about, like those before who said its like pay back, its like finally getting that diploma, its the high of coin collecting, the climax of a movie, its one of the thrills that drives me. In 1 1/2 years I have been desamated 13 times but I have enjoyed 8 rips of which 1 was the rip of a lifetime. Thats what keeps me going, and the search goes on, got to get back to it. >>
tell us about the rip of a lifetime, no names needed!
Having said that, I think we've all been on the other end before, when an item goes for less than we expected/wanted it to. You've got to feel compassion when it happens. I try to do my best to frequent that seller's other auctions, so I can bid up their other items, if I'm interested. The market determines coin prices, but each individual is part of the market.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
This is how I feel:
Now if your question is: do I feel bad about getting a coin in an auction for a price less than I think it is worth? My answer is a definite no.
I have had in the past (1995-96 era) got some fantastic deals on coins where the lister did not know just how to title the coin/coins and it was found under some obscure title listing and hardly any lookers/shoppers or many bidders.
You just reared your head head back and amazed yourself that you picked it up for that lowly sum. Hardly happens much anymore, but they are out there.
Note: This was well before there were 100,000 active listing on US coins (if I remember right you could only list for 7 days then)...now everyone is up to speed and beyond. (ie; using top tier grading companies in their listing title for home grown holders and raw coins)
"Keep your malarkey filter in good operating order" -Walter Breen
What about a BIN (buy it now)? A rip can occur that way.
<< <i>I'm not sure it is possible to rip a coin on ebay. How can you get a rip when the coin has been offered to millions of people and you are willing to pay the most. >>
When someone offers for sale an 1832 LM-9.2 bust half dime in XF or so and the winning bidder pays only $800 and change for it, it is a huge rip. That same coin offered at public auction with wise bidders (such as Heritage or Stacks) would sell for north of four grand. I was the dang underbidder on that auction...I didn't do my homework and got beat out by someone who knew a bit more. That was a while ago, I'm better prepared now.
I don't see how it's much different from somebody not getting a proper value from selling at a coin shop.
-Amanda
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
<< <i>I think I would feel guilty if the seller did not get a proper value for the coin just because it was poorly represented (and I am not talking about noticing a variety here).
I don't see how it's much different from somebody not getting a proper value from selling at a coin shop.
-Amanda >>
so would you include extra cash in your payment to minimize that guilt?
<< <i><<I'm not sure it is possible to rip a coin on ebay. How can you get a rip when the coin has been offered to millions of people and you are willing to pay the most>>
What about a BIN (buy it now)? A rip can occur that way. >>
OK, I agree that can be a rip.
<< <i>
<< <i><<I'm not sure it is possible to rip a coin on ebay. How can you get a rip when the coin has been offered to millions of people and you are willing to pay the most>>
What about a BIN (buy it now)? A rip can occur that way. >>
OK, I agree that can be a rip.
Dang, I saw a huge BIN rip a few months ago. Easy $5K coin for less than three hundred. Not me
<< <i>
<< <i><<I'm not sure it is possible to rip a coin on ebay. How can you get a rip when the coin has been offered to millions of people and you are willing to pay the most>>
What about a BIN (buy it now)? A rip can occur that way. >>
OK, I agree that can be a rip.
Especially if Superior is the seller
<< <i>
<< <i>
<< <i><<I'm not sure it is possible to rip a coin on ebay. How can you get a rip when the coin has been offered to millions of people and you are willing to pay the most>>
What about a BIN (buy it now)? A rip can occur that way. >>
OK, I agree that can be a rip.
Especially if Superior is the seller
aww, they never send you what you win or leave positive feedback either
``https://ebay.us/m/KxolR5
<< <i>from a seller who did not know what they had?
or do you feel that you have paid your dues being in the same situation yourself in the past? >>
If they didn't know what they had, why should it matter if the winner knew or didn't know? The seller may have made some money based on what they thought they had anyway. The first person to recognize the premium in the coin generally will get it and it is not something to feel bad about if that person is you. I might feel bad if I won a lot way below normal market value because of some problems with the network of something like that. OTOH, when you auction you have to balance your risks with things like reserves.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>I hate seeing anybody get hosed, seller or buyer. The worst though is when you sell something expensive and then when the payment comes you see that it's obviously from a young kid. That just kills me. I imagine all the lawns he had to mow to get the money, or maybe his grandma gave him the money as a gift. And here I am taking it. Even if it's a good price I always feel soooo guilty
You could always send along one or two additional inexpensive coins that you wouldn't miss. To a young collector, this would mean a lot.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Do you ever feel bad about a coin rip on eBay? >>
Once or twice I have. One time I bought one of those 1950s serving trays with coins mounted in it- not a high value item numismatically speaking, but an interesting item, and probably worth at least $15-20 (or $35-75 if you saw it in an antique store). I won it for 99 cents, and paid something like $2.50-3.00 shipping, but when I got the package, I saw it had cost the seller six or seven dollars to ship. Not a major rip but I still felt bad that the seller lost a few bucks because I got such a nice item so cheaply. I left them glowing feedback.
As to getting a rip as a seller, as PerryHall just mentioned in the previous post, when I feel somebody has grossly overbid on one of my auctions, I will usually include some freebies to sweeten the pot a little (without cutting into my obscene profit too much). Then everybody wins. They get the item they bid on and some pleasant surprises, and I still got a rip but have assuaged any guilty feelings I might have had.
As already posted: I'm not sure it is possible to rip a coin on ebay. How can you get a rip when the coin has been offered to millions of people and you are willing to pay the most or even a Buy-It Now IMO.
I find nothing wrong with above as the item was offered to the general public and you should not feel bad for buying what you consider is a "rip"
The issue IMO is when someone brings something to a place of business that deals with what you are selling. You bring it there because you have an expectation that they know what they are doing. Then the "little old man" (or anyone) is offered melt for a roll of Uncirculated Standing Liberty quarters. Not only should the buyer feel bad but IMO he should be boiled in oil.
Unfortunately, the dealer that observed the above and posted the (true) Standing Liberty Quarters story didn't see anything wrong with the offer or the purchase (yes, the coins were purchased at melt). He also did not post the buying dealer's name.
Now what am I going to do with all this oil?
Joe.
If I feel it can not be reholdered in a major graders holder. Picture was blurry - item described quite well
with a good return policy.
Some you win some you lose - this was a win and no I don't feel bad.
Paid $150
My Rip
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
<< <i>I hate seeing anybody get hosed, seller or buyer. The worst though is when you sell something expensive and then when the payment comes you see that it's obviously from a young kid. That just kills me. I imagine all the lawns he had to mow to get the money, or maybe his grandma gave him the money as a gift. And here I am taking it. Even if it's a good price I always feel soooo guilty
I once had a new mother somewhere in the rural midwest bid way too much on some baby goods I had for sale. I knocked off the shipping ($20+) to make it more in line. She left great feedback so I guess I made her happy and maybe there were no stores where she lives but I still felt a little bad. --Jerry
<< <i>I sniped this beauty described as a PGCS 1897p ms66 ( A third World holder ) I always look and return if
If I feel it can not be reholdered in a major graders holder. Picture was blurry - item described quite well
with a good return policy.
Some you win some you lose - this was a win and no I don't feel bad.
Paid $150
My Rip >>
Are you jgrinz on eBay also?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Fred, Las Vegas, NV