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Metalsman
Posts: 2,064 ✭✭✭
are you in or out?
0
Metalsman
Posts: 2,064 ✭✭✭
Comments
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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
like derryb, maybe more info
<< <i>More details first. No great thread starts with the ending at the beginning. >>
I assume the only relevant missing detail is that the price of silver dropped soon after the commitment was made.
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>I'll post the PM's in a bit. I've just given the peson the opportunity to follow thru with the deal first.
My lastest pm form this person claims some type of technical problem with pm's.. however.. it dosent make sense with his p'm in the mean time. He still has the opportunity to follow thru with his commitment period. We'll see shortly.
BTW I know this person is currently logged in and most likely reading this thread. >>
So, he hasn't really backed out of his commitment. He's just having problems with his PM function.
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>I see where he said he'd take one for $365, but when you countered for $370 I don't see where he accepted. >>
I get that impression too. He offered 365 and from using the ebay example, intended it to mean shipping included. Seems that you countered with your BST price of 370 shipped. I realize the intent of each party is not easy to ascertain from the verbiage, but that's may take on it. I conclude no price was agreed upon, there was just offer and counter offer.
PM LINE:
Fist PM from buyer.
Date Posted: Oct/10/2011 9:59 AM
If you will sell for 365.00 on 10oz JM bar I will take one. I see they are going on ebay between 345 -380 inc shipping. If you can swing it I will send payment ASAP.
Thanks again
My reply.
Date Posted: Oct/10/2011 3:06 PM
Its $370. shipped.1 x 10 JM bar. USPS money order or Paypal gift @ kmploof@comcast.net. Price good tonight subject to withdraw as they are offered on another board.
Is it just me, but I see no meeting of the minds in this transaction.....buyer was willing to pay $365 & you counter offered with $370...In my book s&h is part of the price willing to be paid. Maybe I'm misreading it...
<< <i>PM LINE:
Fist PM from buyer.
Date Posted: Oct/10/2011 9:59 AM
If you will sell for 365.00 on 10oz JM bar I will take one. I see they are going on ebay between 345 -380 inc shipping. If you can swing it I will send payment ASAP.
Thanks again
My reply.
Date Posted: Oct/10/2011 3:06 PM
Its $370. shipped.1 x 10 JM bar. USPS money order or Paypal gift @ kmploof@comcast.net. Price good tonight subject to withdraw as they are offered on another board.
Is it just me, but I see no meeting of the minds in this transaction.....buyer was willing to pay $365 & you counter offered with $370...In my book s&h is part of the price willing to be paid. Maybe I'm misreading it... >>
Not just you, I thought the same thing, but then didn't understand why buyer didn't use this excuse rather than the "technical issue"------------------BigE
But I agree w/ BigE, the tech issue should have been irrelevant.
Just my observations.
I really feel that would've eliminated something like this even happening. Just my thoughts.
Although I do agree with Metalsman that it is a bit shifty of the buyer to say (admit) that he was trying to see if Metalsman would come down on the price. That's honesty, but it was shifty imo, and maybe not the best approach initially as a buyer.
Grammar edit, message remains the same.
I do not see where you matched the offered price.
I also do not see where he agreed to pay 370 when his offer was for 365. Based on the way the original PM was written, I interpret the offer to be a 'delivered' price.
I see a misunderstanding between two parties, but I do not see a "back out".
Unfortunate, but I'd say let it go. His excuses don't include no "meeting of minds" but it's kind of clear to me there wasn't anyway.
And no, I'm not a back out kind of guy (ask our club member whom I purchased 3 gold coins from at an agreed spot price and then it fell $150 before we did the transaction) and hate when people do that, but there's some ambiguity going on with this $5 shipping play.
While I was typing this, I see you edited your post, so I'll just say that I do not see him accepting your price of $370 ($365 + shipping).
That is very clear. I see an offer from him at $365 out the door. I see no acceptance of your $370 price by him or his $365 offer by you.
the grammar and spelling are a wee bit tedious to follow the whole thing, but the first couple a PM's give's me a gist of it all.
<< <i>
<< <i>Here's how I see it...he's backing out on the deal (I get that) through his excuses, but also...there wasn't really a deal. I agree with the others, he offered $365 and you said $370 with shipping. To me, the offer of $365 is the whole kit and kaboodle.
Unfortunate, but I'd say let it go. His excuses don't include no "meeting of minds" but it's kind of clear to me there wasn't anyway.
And no, I'm not a back out kind of guy (ask our club member whom I purchased 3 gold coins from at an agreed spot price and then it fell $150 before we did the transaction) and hate when people do that, but there's some ambiguity going on with this $5 shipping play. >>
not a $5. shipping play. It was clearly stated in my listing.. $365. plus $5. shipping. >>
I'm not trying to say you're slipping additional charges in. Again, this illustrates my "no meeting of minds". Please reread his original post where he says "If you will sell for 365.00 on 10oz JM bar I will take one." Why would he phrase it this way if that's your original stated charge price? Because he was looking for it as $365 delivered, not $365 plus $5 shipping. Possible, no?
I realize his technical problem excuses don't factor into this and he hasn't said about the price, but I'm saying it looks like from the outside you didn't have a price agreement. Neither of you did wrong on that score, you just had a failure to understand what the other might have been saying. That's why I'm saying you should just chalk it up to "unfortunate" and move on.
Sorry, I should have used "interpret" instead of "see" as I did above. I "interpreted" his use of $365 as a delivered price in the original post.
he's not disagreeing on the $370.
Maybe I'm slow, but I do not see him ever agreeing to it.
Wow, I just noticed you changed the title. When did that happen?
(Full disclosure: I have sold, with no problems, to this buyer)
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>There was no comittment. Based on the PMs, he never agreed to your price, you never agreed to his offer. Everything else is irrelevent.
(Full disclosure: I have sold, with no problems, to this buyer) >>
Where do you see the buyer disagreeing? other than technical issuees. >>
From your listing: "3 x 10 ounce JM Silver bars in original sealed plastic. $365. each plus $5."
He offered $365 you countered with $370 shipped. He never said OK. It's that simple.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>
<< <i>
<< <i>There was no comittment. Based on the PMs, he never agreed to your price, you never agreed to his offer. Everything else is irrelevent.
(Full disclosure: I have sold, with no problems, to this buyer) >>
Where do you see the buyer disagreeing? other than technical issuees. >>
He offered $365 you countered with $370 shipped. He never said OK. It's that simple. >>
No I accepted his offer of $365. plus $5. as stated in the listing. Where do you see the seller denying that? Do you not see where he claims he did not follow thru due to technical issues? Seems like preety easy reading to even me.. >>
His offer does not include a "plus $5." Also, why would he make an offer of $365 for something you have listed for $365 plus $5 unless he was asking you to drop the $5 (to which you basically said no)?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
All this over $5.00?
you price was $370
his was $365
no deal was agreed to
<< <i>I see where he said he'd take one for $365, but when you countered for $370 I don't see where he accepted. >>
I see the confusion.... It's completely understandable.
He was saying he wanted it for $365 including shipping. You wanted $365 plus $5 shipping.
Before this member gets sent to purgatory....... has anyone else had problems?
In God We Trust.... all others pay in Gold and Silver!
<< <i>
<< <i>No deal was made. He offered you $365 you countered with $370 so no deal was made.
All this over $5.00? >>
All you need to do is read.. we are not disagreeing on the price or terms or shipping.... READ.. its simple.. >>
That's the whole point. In your communications, price, terms or shipping were never agreed to. All he said in subsequent communication is that his $365 offer that you received on Monday was actually sent by him on the preceding Friday. If I hadn't heard back from an offer I thought was received by the seller two days ago, I'd also be shopping elsewhere. He followed up with an offer to go through with the deal if the administrator was unable to confirm a technical delay in the PM offer getting to you and you blew any chance of completing that sale.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey