Well plat boy, looks like we both are doing well with the plats! What do you think about these 4 coins Gold-W sets. I Already purchased some, will 10,000 be all she wrote. should I load up before a sell out?
Send him an email and save him the trouble of shipping, just show him you made a "semi" honest mistake. I say "semi" because you were willing to steal it from him for almost mint issue price plus grading fees (had it been a real W set)--and then announced it to the board--you were also a party to the problem--and he may believe the price was honest, since it was a BIN and not a true auction.
That is why on some of my more volitile, time sensitive auctions, my return policy is product is only returnable if not exactly as described in the auction. I dont really want to have buyers sending me back items because they misjudged the market, and thus taking the product off the market while they figure it all out. No one ever seems to send more money if the coins went up the next week.....
He's going to be out ebay fees unless he files a non-paying bidder report on you. I guess he can relist it and then if it sells he can get his fees back. I'm not sure if he can cancel your bid right now and put his auction back up or not. You might try retracting it. Like I said before, I would not hold the buyer to the deal if this happens to me but I'll be working to find a way to avoid paying ebay fees on a non-sale. Fees are probably close to $100 on this sale.
How do other sellers handle this to avoid fees? Ebay guru Russ?
Turn on your PM function and you might get some franker advice. Good luck, Jerry
The seller could file a non paying bidder report with Ebay saying that you both mutually agreed to cancel the transaction, the seller will get the final value fee back and the buyer will not get a non paying bidder strike against him. The seller does not get the listing fee back, so maybe offer to pay for that fee as a good will gesture?
Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent. San Diego, CA
<< <i>The seller could file a non paying bidder report with Ebay saying that you both mutually agreed to cancel the transaction, the seller will get the final value fee back and the buyer will not get a non paying bidder strike against him. The seller does not get the listing fee back, so maybe offer to pay for that fee as a good will gesture? >>
I didn't realize there was a mutual option. That's good to know. I think I have a NPB now for $3500. --Jerry
<< <i>Is that the same guy who use the BIN a few time? If so you might be able to give him enough strikes to strike him out. >>
He just used it once for 5 coins. I believe he really wanted to buy them but couldn't get a paypal account open in a timely manner and has thrown up his hands in frustration. Acutally, he is probably a victim of the scammers. If it wasn't for them, paypal wouldn't have to be so careful. So I will cancel his bid w/o negging him. Hopefully he'll come back when he gets his funds together. --Jerry
Thought I'd revive this old thread for those who didn't follow the PLATS in 2006. The best is yet to come people. The 2008 PLATs have this potential imho.
i just bought a 2003 proof set last night for $2300 and i'm really not sure how i did.. paced around the room for awhile after i won it. as of now i'm praying for 70's...........
looking back on these old threads is great, thanks for da bump
<< <i>All I can say is..wow...a lot of buyers at those prices in 2007 are kicking themselves in the ars... >>
True, but if you buy and collect steadily, the price fluctuations seem to even out. I overpaid for several at the peak, but also 'underpaid' before that.
Today, though, very few plats are going to be worth more than spot-plus on the market. I will say that I think 2003 is a nice set to have. Fairly low mintage and has been flying under the radar. If the plat collector base builds at all, the '03s will quickly command a premium.
I think the small fractional plats are the most likely to see increased collector demand.
A complete set of 1/10 oz. currently consists of 12 proofs, 3 burnished and 12 bullion, for a total of 27 coins. Key dates carry significant premiums, but they are not out of range for those financially able to collect plats. The attractive changing reverses for the proof and burnished sets make for a nice display.
Going forward, collectors of 1/10 oz. plats only need to add one coin per year, the bullion version, which at current metal prices and premiums would be about $110-$120 per coin. The lack of premium-priced fractional plat Mint offerings should enable plat collectors to direct their budgets toward acquiring the earlier keys.
The number of possible complete 1/10 oz. sets is limited to either 3,544 (mintage of 2006-W burnished) or possibly lower (2008-W burnished, mintage low but unknown). So anyone completing a set (or just the burnished sub-set of 3 coins) would be in somewhat exclusive company at a (currently) affordable price.
Yeah, but they're just so danged SMALL! They remind me of trinkets on a charm bracelet, not coins. No, REAL collectors will go for the 1/4-ouncers, or even better, the 1/2-ouncers, which also will generally have the smallest mintages. (Gee, can you guess which I collect? )
Size is relative. Just place your 1/10 oz. platinum collection next to your sets of three-cent silvers, half dimes and gold dollars, and they'll seem to be much bigger.
Comments
Sell off the (3) Fractions and get 1 .oz of Gold for $200 under melt.
Answer your Private Messages, will ya?!
I just bought this set for $2,699. Set of 4 ABE PCGS MS 69 First Strike. Ebay Item#160075332563.Did I get a good deal?
It was a little decietful not posting a rev pic and not saying it's a non-w however obv pic shows non-w.
Seller has a 100% guarantee if I'm not satisfied I can return it within 7 days. I think I'll take advantage of it. What do you think? Am I right?
That is why on some of my more volitile, time sensitive auctions, my return policy is product is only returnable if not exactly as described in the auction. I dont really want to have buyers sending me back items because they misjudged the market, and thus taking the product off the market while they figure it all out. No one ever seems to send more money if the coins went up the next week.....
How do other sellers handle this to avoid fees? Ebay guru Russ?
Turn on your PM function and you might get some franker advice. Good luck, Jerry
San Diego, CA
Thank you for your assistance!
Lesson learned. If it's to good to be true, it usually is!
<< <i>The seller could file a non paying bidder report with Ebay saying that you both mutually agreed to cancel the transaction, the seller will get the final value fee back and the buyer will not get a non paying bidder strike against him. The seller does not get the listing fee back, so maybe offer to pay for that fee as a good will gesture? >>
I didn't realize there was a mutual option. That's good to know. I think I have a NPB now for $3500. --Jerry
San Diego, CA
that you see one, always look at it a couple of more times.
Camelot
Lesson learned. If it's to good to be true, it usually is!
And it should be noted on the Board that this seller is a "standup" seller. Glad to see that it worked out.
I knew it would happen.
Only 45 W-Plat MS listings on Ebay now!
6 BIN's today alone!
<< <i>Is that the same guy who use the BIN a few time? If so you might be able to give him enough strikes to strike him out.
He just used it once for 5 coins. I believe he really wanted to buy them but couldn't get a paypal account open in a timely manner and has thrown up his hands in frustration. Acutally, he is probably a victim of the scammers. If it wasn't for them, paypal wouldn't have to be so careful. So I will cancel his bid w/o negging him. Hopefully he'll come back when he gets his funds together. --Jerry
Proud recipient of two "You Suck" awards
looking back on these old threads is great, thanks for da bump
<< <i>All I can say is..wow...a lot of buyers at those prices in 2007 are kicking themselves in the ars... >>
True, but if you buy and collect steadily, the price fluctuations seem to even out. I overpaid for several at the peak, but also 'underpaid' before that.
Today, though, very few plats are going to be worth more than spot-plus on the market. I will say that I think 2003 is a nice set to have. Fairly low mintage and has been flying under the radar. If the plat collector base builds at all, the '03s will quickly command a premium.
A complete set of 1/10 oz. currently consists of 12 proofs, 3 burnished and 12 bullion, for a total of 27 coins. Key dates carry significant premiums, but they are not out of range for those financially able to collect plats. The attractive changing reverses for the proof and burnished sets make for a nice display.
Going forward, collectors of 1/10 oz. plats only need to add one coin per year, the bullion version, which at current metal prices and premiums would be about $110-$120 per coin. The lack of premium-priced fractional plat Mint offerings should enable plat collectors to direct their budgets toward acquiring the earlier keys.
The number of possible complete 1/10 oz. sets is limited to either 3,544 (mintage of 2006-W burnished) or possibly lower (2008-W burnished, mintage low but unknown). So anyone completing a set (or just the burnished sub-set of 3 coins) would be in somewhat exclusive company at a (currently) affordable price.
My Adolph A. Weinman signature
My Adolph A. Weinman signature
