Won coin on eBay for less than Heritage price, seller says he can't complete the sale
Bayard1908
Posts: 4,060 ✭✭✭✭
I won this coin on eBay last night for $363.11
1869 Three Cent Nickel
The same coin was sold at Heritage six months ago for $489.90
Same exact 1869 Three Cent Nickel
Almost immediately after winning the auction, the seller asked if I'd be willing to cancel the sale. I asked his reason for wishing to cancel and told him a selling price for less than the coin sold at Heritage was not a valid reason. The seller then claimed he no longer had the coin.
I have blocked this person, "spendabuckeye" from bidding in my auctions and will never waste my time bidding on his coins again. I rarely leave negative feedback, but did so in this instance.
1869 Three Cent Nickel
The same coin was sold at Heritage six months ago for $489.90
Same exact 1869 Three Cent Nickel
Almost immediately after winning the auction, the seller asked if I'd be willing to cancel the sale. I asked his reason for wishing to cancel and told him a selling price for less than the coin sold at Heritage was not a valid reason. The seller then claimed he no longer had the coin.
I have blocked this person, "spendabuckeye" from bidding in my auctions and will never waste my time bidding on his coins again. I rarely leave negative feedback, but did so in this instance.
0
Comments
He's in violation of the seller's policy that he agreed to when he posted the item for sale.
Please visit my website Millcitynumismatics.com
Recently I won an auction that was a board members. I knew he lost a lot of money on it, and it wasnt something I desperately needed. So I actually offered to cancel the transaction. Was no big deal to me.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Exit bunker, enter Matrix. LOL
<< <i>Sounds like the guy forgot to reserve it. >>
I doubt he forgot. He was trying to save money by not using the reseve feature and lost his gamble that the coin would get decent bids with a reserve.
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
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>Turnabout is fair play. Wouldn't it be justice served if a long list of certain persons bid successfully on his items, and then stated that they no longer want the item and want to cancel the transaction because they lost their money?
I was thinking the same thing. Instead, I sent him a message letting him know that I had placed him on my blocked list due to his negative feedback.
I respect the OP but I would reserve taking action until I heard from the other side. Perhaps the seller can be made aware of this thread so he can:
A) post his side of the story if different, or
Website-Americana Rare Coin Inc
While i do not do business like that, to me it is no big deal and not worthy of a neg. The seller should have said the coin was for sale in other places to give himself an out if he did not like the final price.
I have won coins and the sellers have claimed they can not locate the coin after i have paid. They refund the money and i go on. The sun still comes up the next day. It does not even make me mad any more. I just accept a certain percent of people are dishonest and move on.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>You shure knocked his feedback percentage. lol 95%.
While i do not do business like that, to me it is no big deal and not worthy of a neg. The seller should have said the coin was for sale in other places to give himself an out if he did not like the final price.
I have won coins and the sellers have claimed they can not locate the coin after i have paid. They refund the money and i go on. The sun still comes up the next day. It does not even make me mad any more. I just accept a certain percent of people are dishonest and move on. >>
The idea that we should not neg people who deserve it because it is too harsh is what really makes ebay a terrible place.
If people thought they could be honest with feedback (maybe decouple it from fees) we'd all be better off.
<< <i>He also has a PCGS proof Seated Liberty for auction. In the description, he notes that the last one sold at Heritage in Jan 2010 for $2,300. While that may be true (I didn't check), according to the cert lookup feature, this actual coin was sold at a DLRC auction in Dec 2010 for $1,380. >>
Did he put a reserve on this coin?
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>He also has a PCGS proof Seated Liberty for auction. In the description, he notes that the last one sold at Heritage in Jan 2010 for $2,300. While that may be true (I didn't check), according to the cert lookup feature, this actual coin was sold at a DLRC auction in Dec 2010 for $1,380. >>
Did he put a reserve on this coin? >>
His opening price is $1399.99.
<< <i>
<< <i>
<< <i>He also has a PCGS proof Seated Liberty for auction. In the description, he notes that the last one sold at Heritage in Jan 2010 for $2,300. While that may be true (I didn't check), according to the cert lookup feature, this actual coin was sold at a DLRC auction in Dec 2010 for $1,380. >>
Did he put a reserve on this coin? >>
His opening price is $1399.99.
I guess he learned his lesson.
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
and
[L=1889 V Nickel]http://www.ebay.com/itm/300606877192">1912-d V Nickel
Just because I paid more for these coins than what I got on ebay is not a valid excuse to cancel these sales.
IMO. Anyone that backs out of a sale for this reason deserves negatives. 1889 V Nickel
I can only imagine the coin will miraculously be relisted on eBay someday soon.
<< <i>You shure knocked his feedback percentage. lol 95%.
While i do not do business like that, to me it is no big deal and not worthy of a neg. The seller should have said the coin was for sale in other places to give himself an out if he did not like the final price.
I have won coins and the sellers have claimed they can not locate the coin after i have paid. They refund the money and i go on. The sun still comes up the next day. It does not even make me mad any more. I just accept a certain percent of people are dishonest and move on. >>
This is why a lot of eBay Sellers think they can get away with pulling this crap. By letting the item go to completion via an auction they are agreeing to sell the item at whatever it ends at if no reserve is listed. How is it not justified to leave a negative when the seller refuses to complete the transaction for any reason? That is the only thing they have to do besides getting it to you in proper order to really complete their side of the transaction. Refuses to send me what I won, you get a neg and 5 1 stars and blacklisted on multiple collectible sites.
<< <i>Since leaving negative feedback, the seller has told me he has now reacquired the coin from the person to whom he supposedly traded or sold it. However, he won't let me have the coin because I'm a bad person for leaving him negative feedback.
I can only imagine the coin will miraculously be relisted on eBay someday soon. >>
Tell him if he completes the transaction he can then send you a request to edit the feedback to positive. He will hopefully send you the coin and when he sends you the feedback request to edit it you will just delete the email and leave the neg since he is a turd and a liar.
EDIT: To add do not change it to a positive no matter what because then you open up the window for this turd to try and pull this crap on others.
A win win situation for both of you from where it stands now.
<< <i>
<< <i>As a seller, I recently took a beating on a couple of coins I listed on ebay:
1912-d V Nickel
Just because I paid more for these coins than what I got on ebay is not a valid excuse to cancel these sales.
IMO. Anyone that backs out of a sale for this reason deserves negatives. 1889 V Nickel
Q]
Your link does not show anything. >>
Sorry for the error. I think I fixed it now.
<< <i>
<< <i>Yes if you really want the coin, looks like a good deal
A win win situation for both of you from where it stands now. >>
I would disagree with this approach, let him eat the negative. >>
Aren't we about collecting coins and not go after people.
The seller made a mistake by not going through with the deal in the first place, but he can learn a great deal from this experience and realize there is only one way to run a business.
<< <i>
<< <i>Since leaving negative feedback, the seller has told me he has now reacquired the coin from the person to whom he supposedly traded or sold it. However, he won't let me have the coin because I'm a bad person for leaving him negative feedback.
I can only imagine the coin will miraculously be relisted on eBay someday soon. >>
Tell him if he completes the transaction he can then send you a request to edit the feedback to positive. He will hopefully send you the coin and when he sends you the feedback request to edit it you will just delete the email and leave the neg since he is a turd and a liar.
EDIT: To add do not change it to a positive no matter what because then you open up the window for this turd to try and pull this crap on others. >>
Doesn't this amount to feedback extortion even though its after the fact?
The name is LEE!
<< <i>]Doesn't this amount to feedback extortion even though its after the fact? >>
What???
The seller had a binding contract and failed to complete it.
<< <i>
<< <i>
<< <i>Since leaving negative feedback, the seller has told me he has now reacquired the coin from the person to whom he supposedly traded or sold it. However, he won't let me have the coin because I'm a bad person for leaving him negative feedback.
I can only imagine the coin will miraculously be relisted on eBay someday soon. >>
Tell him if he completes the transaction he can then send you a request to edit the feedback to positive. He will hopefully send you the coin and when he sends you the feedback request to edit it you will just delete the email and leave the neg since he is a turd and a liar.
EDIT: To add do not change it to a positive no matter what because then you open up the window for this turd to try and pull this crap on others. >>
Doesn't this amount to feedback extortion even though its after the fact? >>
Feedback extortion occurs when buyers or sellers abuse the Feedback system to get goods or services that aren't part of the original transaction. Sellers can't require buyers to leave positive Feedback or detailed seller's ratings. Buyers aren't allowed to demand goods or services outside the transaction while threatening to leave negative Feedback or low detailed seller ratings.
That is eBay's definition of feedback extortion. Really don't see eBay ever forcing a buyer in this situation to switch a neg to a positive even if he agrees to switch it if the seller completes the transaction finally. Not sure why anyone would stand up for this seller, it is clear that he didn't get what he wanted for the item and tried to lie his way out of completing the transaction. Now if he is dumb enough to try and send the buyer the coin only to wipe out a neg which points out that the seller is a liar then exactly why should this neg be changed?
<< <i>You shure knocked his feedback percentage. lol 95%.
While i do not do business like that, to me it is no big deal and not worthy of a neg. >>
If reneging on a sale is not worth a negative feedback, what is?
-Paul
<< <i>maybe he will come here and give his side of the story? >>
We could only hope!
they went off at about $50...........
Needless to say the winner was thrilled and told me he had put in a top bid of over $220...and was shocked when he won....I told him congrats....you did good..have a great weekend!
take the pain
<< <i>
<< <i>You shure knocked his feedback percentage. lol 95%.
While i do not do business like that, to me it is no big deal and not worthy of a neg. >>
If reneging on a sale is not worth a negative feedback, what is? >>
The seller claimed he did not have the coin immediately upon completion of the auction before money changed hands. Lots of auctions state that goods are for sale at other locations, stores coin shows etc. and subject to prior sales. While he did not state that in his listing he could have forgotten etc. You can not end an auction in the last few hours or even add to the discriptions all that easy anymore. Not everyone listing on ebay is a professional company. We have just heard one side of the story here, sounds like the whole deal might have worked itself out if the buyer would have been more patient and less accusatory. Ebay feedback leaves a lot to be desired.
The guy is not a high volume seller.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Trying to get a rise out of the OP by saying he had it again but wouldn't send/sell to him.
If this was all done in the ebay mail system, I would talk to ebay about it as the winner and the seller saying he has it but won't send it for the money.
I understand looking for possible reasons for actions, but in this case, I can't understand trying to excuse the seller when it seems pretty obvious how slimy he is being.
I would welcome him here on the boards to give his side of the story
(Over on the NGC comic sales part of their boards, someone came on with a comic for sale for ~$700. Was almost immediately noticed that he was using the same photos from a recent heritage auction and was asking much more than the ~$550 winning bid (w/ BP). When asked about it, he made up a story how he had just bought it from another person and was selling. It was then noted that the auction had only ended 7 days prior........Reason I bring this up is that if someone owns up, from the start, then it is what it is. But when one lies/makes excuses, then I don't think people should be defending them. Just my thoughts)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>If people thought they could be honest with feedback (maybe decouple it from fees) we'd all be better off. >>
Why can't buyers be honest? Sellers can't do anything about the feedback left for them.
<< <i>The seller claimed he did not have the coin immediately upon completion of the auction before money changed hands. Lots of auctions state that goods are for sale at other locations, stores coin shows etc. and subject to prior sales. While he did not state that in his listing he could have forgotten etc. You can not end an auction in the last few hours or even add to the discriptions all that easy anymore. Not everyone listing on ebay is a professional company. We have just heard one side of the story here, sounds like the whole deal might have worked itself out if the buyer would have been more patient and less accusatory. Ebay feedback leaves a lot to be desired.
The guy is not a high volume seller. >>
What you have said might be true, but it doesn't agree with what the OP said:
<< <i>Almost immediately after winning the auction, the seller asked if I'd be willing to cancel the sale. I asked his reason for wishing to cancel and told him a selling price for less than the coin sold at Heritage was not a valid reason. The seller then claimed he no longer had the coin. >>
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>
<< <i>maybe he will come here and give his side of the story? >>
We could only hope! >>
Some of ebay's fine print.......gentlemen!
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item and indicate that you and the buyer have agreed not to complete the transaction. The bidder will be notified and can confirm the agreement.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>As a seller, I recently took a beating on a couple of coins I listed on ebay: 1912-d V Nickel Just because I paid more for these coins than what I got on ebay is not a valid excuse to cancel these sales. IMO. Anyone that backs out of a sale for this reason deserves negatives. 1889 V Nickel >>
The story about losing the coin is pure BS. I have lost money on many a coin that I no longer wanted. This is supposed to be a hobby - If you want to be a flipper, you take your chances. If the coin would have sold for a profit you can be damn sure he would not have "lost" it. JMo--Bob
<< <i>The story about losing the coin is pure BS. I have lost money on many a coin that I no longer wanted. This is supposed to be a hobby - If you want to be a flipper, you take your chances. If the coin would have sold for a profit you can be damn sure he would not have "lost" it. JMo--Bob >>
Couldn't agree more. How many sellers buy from TT or Heritage, turn around and sell them with opening bids way higher than the price paid on those venues? Heck, most even use the same images, which this seller seems to have done (one seller uses TT images, just blocks out the TT logo on the reverse image). This seller gambled, lost, then claimed coin was missing/gone, yet it miraculously shows up after receiving negative FB? This coin never left the sellers posession. This neg was very well deserved. This is one time where there are NOT 3 sides to every story.
I also believe that if these messages were sent via ebay's message system, it should be reported. After all, they DO side with the buyer 99% of the time (they can't make him sell it, but could 'punish' the seller). I do not believe they would be smokescreened by 'oh, it suddenly appeared, but you left me neg FB, so 'no coin for you'. Almost sounds like reverse FB extortion. Had the OP not rushed to leave neg FB (which I probably would have done myself, so not knocking the very deserved negging), would the seller have messaged the OP to tell him 'Good news...I found the coin, so if you still want to complete the transaction, the coin is yours for your bid'? I strongly doubt it.
Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
Edited to add:
Please don't listen to this advice, if everyone did I wouldn't have a job anymore!
<< <i>Again though, stopping to communicate and listen would serve both of them and all of us better. >>
Nononononononononono... you have to leave negative feedback as soon as humanly possible. It's the only way.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>I would hate to get a neg while i was at work for not answering a email in 9 seconds. >>
I don't think you're supposed to sleep, either.
<< <i>Since leaving negative feedback, the seller has told me he has now reacquired the coin from the person to whom he supposedly traded or sold it. However, he won't let me have the coin because I'm a bad person for leaving him negative feedback.
I can only imagine the coin will miraculously be relisted on eBay someday soon. >>
Kiss and make up.
complete the transaction and get turn a bad scene into a good one.
<< <i>Like i said a little time could have cured the issue. I am going to block my 3rd person on ebay and it is not spendabuckeye. I would hate to get a neg while i was at work for not answering a email in 9 seconds. >>
And, you don't think you are being melodramatic or overreacting?
Would you have handled it, at the onset, the same way the seller did?
I think some folks just like to pile on....one side or the other.
As I said in the other thread about this, I think both sides did things poorly. One by overreacting and not being smart about things and the other by trying to show they were too smart. I don't plan to block either one because I wouldn't have handled it the same way that either party did.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment