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eBay question - seller cancels sale of BIN after payment
Bigbuck1975
Posts: 1,278 ✭✭✭✭✭
Hey guys,
I have a question. If a seller lists a coin with a buy it now price and you purchase, Do they have any legal recourse to cancel the sale. Several coins were listed with the same price basis. I bought the coin (a you suck) kinda deal. My suspicion is that Someone alerted the seller that he left a substantial amount of money on the table. Maybe the better question is do I have any potential to get the coin.
Seller cancelled the transaction and refunded money with a standard eBay message. I asked him what was going on and his reasoning was sketchy at best.
I have a question. If a seller lists a coin with a buy it now price and you purchase, Do they have any legal recourse to cancel the sale. Several coins were listed with the same price basis. I bought the coin (a you suck) kinda deal. My suspicion is that Someone alerted the seller that he left a substantial amount of money on the table. Maybe the better question is do I have any potential to get the coin.
Seller cancelled the transaction and refunded money with a standard eBay message. I asked him what was going on and his reasoning was sketchy at best.
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He can say he made an error, which he obviously did based on the screwing he was about to take via you!
<< <i>He can say he made an error, which he obviously did based on the screwing he was about to take via you!
I'm fairly certain there is nothing you can do to "force" the seller to follow through if it was an obvious error in pricing. Some people will say that the seller should honor the sale under any circumstances, but it is easy to say that when it's not your coin, lol..
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Difference in price was >10k between rb and rd designation for the big in.
I understand mistakes are made and can deal with and accept. I truly don't think a mistake was made in this case.
Let's see the link and then the judge, jury, and executioners will step in for sure!
World Collection
British Collection
German States Collection
Edited to add that if it's an obvious listing error the Golden Rule should apply. It appears that this is the situation here and you should give the seller a break. Perhaps he'll sell it to you at a favorable price that you can both live with.
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>You don't think $10k was a mistake? >>
+1
That seems like a huge mistake, at least for the vast majority of dealers and collectors.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Sure, they should have received the coin anyway, but anyone threatening legal action on something like an ebay purchase just sucks and I have ZERO respect for them from that point forward.
Unless, and until, you get the coin in your hand and they have the funds in their hands, the transaction is at risk...no matter the price paid vs real/perceived value.
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>
<< <i>You don't think $10k was a mistake? >>
+1
That seems like a huge mistake, at least for the vast majority of dealers and collectors. >>
What's your definition of mistake?
<< <i>I mispriced an item on the BST once,the buyer pointed out my mistake and kindly let me adjust the price...although if he had not done that I would have felt compelled to honor the deal >>
How much was the discrepancy? Was it in the $10k range? Just curious.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>Not true about agreeing to cancel, I wasn't asked, he canceled and refunded on his own. >>
When a seller spontaneously cancels (voids) a sale, eBay gives the seller what is known as a 'defect', which in substance is a demerit on the seller's standing with eBay that affects the sellers ability to earn fee discounts. Aside from the option you have to post negative feedback, there isn't much you can do.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>There really is no way to prove it wasn't an error. And with a $10k price variance, sounds like an error to me too. What would you do if you were the seller and found out you under-priced your coin by $10k and a buyer bought it for the old price? You wouldn't think twice? I think you're more upset because you wanted to sneak a nice $10k profit at the seller's expense. >>
What about the poor schmuck that the seller acquired the coin from........he must have REALLY gotten screwed!!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
<< <i>
<< <i>There really is no way to prove it wasn't an error. And with a $10k price variance, sounds like an error to me too. What would you do if you were the seller and found out you under-priced your coin by $10k and a buyer bought it for the old price? You wouldn't think twice? I think you're more upset because you wanted to sneak a nice $10k profit at the seller's expense. >>
What about the poor schmuck that the seller acquired the coin from........he must have REALLY gotten screwed!! >>
You can bet your rear end the previous seller that sold that coin to the dealer ,got the shaft ..figure a 30 % haircut from the price listed on the bay ...
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
Put the shoe on the other foot....would you really deliver a coin that had a $10,000 error in the price. As a seller, I'll take the neg every time....I'd be glad to offer the buyer a great, deal, but I would never eat a $10,000 loss due to a listing error.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Sorry but a $10K mistake is NOT ok to really expect delivery.
Put the shoe on the other foot....would you really deliver a coin that had a $10,000 error in the price. As a seller, I'll take the neg every time....I'd be glad to offer the buyer a great, deal, but I would never eat a $10,000 loss due to a listing error. >>
Let see the listing .. is the other coin in the mail ?
Things like this go right along with other negative issues being discussed lately.
Honestly if you knew there was a significant difference in price why did you not tell the seller? Would you want to be ripped the same way? (so much for helping a fellow coin person out)
<< <i>Sorry but a $10K mistake is NOT ok to really expect delivery.
Put the shoe on the other foot....would you really deliver a coin that had a $10,000 error in the price. As a seller, I'll take the neg every time....I'd be glad to offer the buyer a great, deal, but I would never eat a $10,000 loss due to a listing error. >>
I would never expect you to honor a $10,000.00 mistake, to expect you to is just crazy! Do on to others as you would have them do on to you.
<< <i>I remember an ebay purchaser on these boards who bought a coin on ebay and then threatened legal action with the seller (who wasn't a coin dealer) in order to bully her.
Sure, they should have received the coin anyway, but anyone threatening legal action on something like an ebay purchase just sucks and I have ZERO respect for them from that point forward.
Unless, and until, you get the coin in your hand and they have the funds in their hands, the transaction is at risk...no matter the price paid vs real/perceived value. >>
I',m glad YOU brought this one up and I didn't. I'd never hear the end of it.
The name is LEE!
<< <i>Sounds like the seller is not honoring his contract and has earned himself a neg.
Edited to add that if it's an obvious listing error the Golden Rule should apply. It appears that this is the situation here and you should give the seller a break. Perhaps he'll sell it to you at a favorable price that you can both live with. >>
After reading this thread more closely I edited my original post. Give the seller a break and see what kind of fair deal you can negotiate with him or else just move on. No one should take that big of a hit for a listing mistake.
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 am moving on as I have said multiple times. And Christos, thanks for making the experience here once again pleasant. I guess everyone that gets a "you suck" award or cherrypicks has poor character and should alert the seller of their robbing.
<< <i>Boy you guys are something. I have said repeated times that I am not moving this forward in any way and am letting it go. It was a question, not an invite for a character judgement. Seeing how this went down I wanted to get some thoughts. I guess since the guy was a dealer it is ok for him to rip off the guy he bought the coin from. The error was far from obvious, if you didn't know the series. All the other coins were priced the EXACT SAME WAY and he even shipped the other coin after i asked him if there was an error in that one and I guess you will be canceling that one also. The difference here was the spread for color difference which was huge for this particular coin.
I am moving on as I have said multiple times. And Christos, thanks for making the experience here once again pleasant. I guess everyone that gets a "you suck" award or cherrypicks has poor character and should alert the seller of their robbing. >>
1) He didn't "rip you off", he made an error in his listing that you tried to take advantage of.
2) Trying to score a mispriced item is not a "cherrypick".
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Scoring like that might get a you suck award, but trying to force the issue will make people think you actually do.
At least the seller sold the one, and you got a mild score. I would be satisfied with that consolation prize.
"Any dealer who makes $10K on something is evil by definition, but when I find someone who made an unknowing $10K mistake but can't capitalize on it, then somehow I'm the wounded party."
*shaking head*
RIP Mom- 1932-2012
<< <i>Gotta love these boards.
"Any dealer who makes $10K on something is evil by definition, but when I find someone who made an unknowing $10K mistake but can't capitalize on it, then somehow I'm the wounded party."
*shaking head* >>
No amount of any proof has been shown that this was a 10k error... let see the coin photo/link.....My feeling it is a whole lot less
<< <i>What's your ebay handle? >>
<< <i>Sorry but a $10K mistake is NOT ok to really expect delivery.
Put the shoe on the other foot....would you really deliver a coin that had a $10,000 error in the price. As a seller, I'll take the neg every time....I'd be glad to offer the buyer a great, deal, but I would never eat a $10,000 loss due to a listing error. >>
Are not the famous you suck coin scores spoke here on the forum .....in essence ripping dealers /sellers ?
<< <i>Boy you guys are something. I have said repeated times that I am not moving this forward in any way and am letting it go. It was a question, not an invite for a character judgement. Seeing how this went down I wanted to get some thoughts. I guess since the guy was a dealer it is ok for him to rip off the guy he bought the coin from. The error was far from obvious, if you didn't know the series. All the other coins were priced the EXACT SAME WAY and he even shipped the other coin after i asked him if there was an error in that one and I guess you will be canceling that one also. The difference here was the spread for color difference which was huge for this particular coin.
I am moving on as I have said multiple times. And Christos, thanks for making the experience here once again pleasant. I guess everyone that gets a "you suck" award or cherrypicks has poor character and should alert the seller of their robbing. >>
I've not judged your character in the least bit as sellers do have the option of cancelling such a transaction.
Others, however, have used such techniques to "get their way" with certain unknowledgeable sellers.
Others, yet still, tae advantage of ignorant posters and offer a bit more if the seller will cancel and deal with them.
I find the practice to be unscrupulous.
Congrats to you for your position.
As for cherrypicks, that goes two ways. More specifically, when the buyer purchases something and simply did not look closely at what had been purchased.
I bought a roll of 1947 BU Lincolns back in the 80's and never really looked at them. In that roll, I found a coin which I was able to sell for $450. It was a cherrypick where I'd picked myself.
I've purchased Washington Quarters off of Teletrade in an open auction only to find that the coin I'd bid on was a scare doubled die. Should I have returned it?
I have never, low balled some seller into selling something that I could have really scored on since that would be taking advantage of a seller with superior numismatic knowledge. This practice is frowned upon by most people in the interest of fairness.
So, no, not all cherry picks are of a nefarious kind.
The name is LEE!
<< <i>
<< <i>Sorry but a $10K mistake is NOT ok to really expect delivery.
Put the shoe on the other foot....would you really deliver a coin that had a $10,000 error in the price. As a seller, I'll take the neg every time....I'd be glad to offer the buyer a great, deal, but I would never eat a $10,000 loss due to a listing error. >>
Are not the famous you suck coin scores spoke here on the forum .....in essence ripping dealers /sellers ? >>
No.
The name is LEE!
<< <i>Boy you guys are something. I have said repeated times that I am not moving this forward in any way and am letting it go. It was a question, not an invite for a character judgement. Seeing how this went down I wanted to get some thoughts. I guess since the guy was a dealer it is ok for him to rip off the guy he bought the coin from. The error was far from obvious, if you didn't know the series. All the other coins were priced the EXACT SAME WAY and he even shipped the other coin after i asked him if there was an error in that one and I guess you will be canceling that one also. The difference here was the spread for color difference which was huge for this particular coin.
I am moving on as I have said multiple times. And Christos, thanks for making the experience here once again pleasant. I guess everyone that gets a "you suck" award or cherrypicks has poor character and should alert the seller of their robbing. >>
Looks like I hit a sore spot being that I am the only one you called by name. You still have not stated what you would do if the situation was reversed and how you would feel about it. All I did was post an opinion of a situation that you asked for responses on. If you do not want honest answers then state that qualification in the wording of your post otherwise expect the truth of how people feel about what you did or wanted done.
Now had you started a thread with a title like " Really great cherrypick and a fantastic experience between seller and myself the buyer" and then in the body wrote:
I found a very rare coin on ebay today that the seller obviously did not know what he had. It was a 1864 L On Ribbon MS66RD IHC and the seller had it listed as a MS66RB which has a substantial price difference. I also noticed that many of the sellers other coins were not properly priced so I decided to take a chance at educating the seller. Would you believe it, it actually worked out and I bought the coin I wanted at half the cost of the pricing mistake saving me $9000.00. The seller was so happy that he even said if I wanted any other coins I could get 20% off the price for my help. Not every day you get a prime cherrypick just for helping some one out.
What do you all think, did I do the right thing or should I have riped every coin that was priced wrong?
So BigBuck1975 how about you give me your opinion to this as if you just saw it as a new thread.
I did not mean to make you feel like the slime in the bottom of the gutter, I just wanted you to think the whole situation through from both sides. Most if not all collectors, dealers and flippers hit a good pick every now and then but a $10,000.00 pick of a living person to me is a bit extreme. I honestly would have thought about taking the pick a couple of times as I live on a very tight budget but in the end I would have done my best to negotiate with the seller and offered my help on the sellers future listings.
I am seriously sorry if I offended you as I was just giving my honest opinion to the situation you posted. I hope you can forgive me as it was and is not my intention to make your time on this board unpleasant. I hope we can all get along and have a great time on this board interacting with each other, sharing with each other, learning from each other and most of all sharing pictures of beautiful and even ugly coins with each other. Again, my deepest apologies.
<< <i>
<< <i>Boy you guys are something. I have said repeated times that I am not moving this forward in any way and am letting it go. It was a question, not an invite for a character judgement. Seeing how this went down I wanted to get some thoughts. I guess since the guy was a dealer it is ok for him to rip off the guy he bought the coin from. The error was far from obvious, if you didn't know the series. All the other coins were priced the EXACT SAME WAY and he even shipped the other coin after i asked him if there was an error in that one and I guess you will be canceling that one also. The difference here was the spread for color difference which was huge for this particular coin.
I am moving on as I have said multiple times. And Christos, thanks for making the experience here once again pleasant. I guess everyone that gets a "you suck" award or cherrypicks has poor character and should alert the seller of their robbing. >>
Looks like I hit a sore spot being that I am the only one you called by name. You still have not stated what you would do if the situation was reversed and how you would feel about it. All I did was post an opinion of a situation that you asked for responses on. If you do not want honest answers then state that qualification in the wording of your post otherwise expect the truth of how people feel about what you did or wanted done.
Now had you started a thread with a title like " Really great cherrypick and a fantastic experience between seller and myself the buyer" and then in the body wrote:
I found a very rare coin on ebay today that the seller obviously did not know what he had. It was a 1864 L On Ribbon MS66RD IHC and the seller had it listed as a MS66RB which has a substantial price difference. I also noticed that many of the sellers other coins were not properly priced so I decided to take a chance at educating the seller. Would you believe it, it actually worked out and I bought the coin I wanted at half the cost of the pricing mistake saving me $9000.00. The seller was so happy that he even said if I wanted any other coins I could get 20% off the price for my help. Not every day you get a prime cherrypick just for helping some one out.
What do you all think, did I do the right thing or should I have riped every coin that was priced wrong?
So BigBuck1975 how about you give me your opinion to this as if you just saw it as a new thread.
I did not mean to make you feel like the slime in the bottom of the gutter, I just wanted you to think the whole situation through from both sides. Most if not all collectors, dealers and flippers hit a good pick every now and then but a $10,000.00 pick of a living person to me is a bit extreme. I honestly would have thought about taking the pick a couple of times as I live on a very tight budget but in the end I would have done my best to negotiate with the seller and offered my help on the sellers future listings.
I am seriously sorry if I offended you as I was just giving my honest opinion to the situation you posted. I hope you can forgive me as it was and is not my intention to make your time on this board unpleasant. I hope we can all get along and have a great time on this board interacting with each other, sharing with each other, learning from each other and most of all sharing pictures of beautiful and even ugly coins with each other. Again, my deepest apologies. >>
I would have been reasonable and offered the coin at a break even or loss if it was priced in error. I wouldn't have been a dik like this tool and demanded my full supposed asking price. I also would have immediately contacted the buyer and explained the situation. I wouldn't have had changing excuses of what was going on, I would have been honest to what happened. I figured the transaction was going to get canceled but the way the seller reacted to this is really what pi$$ed me off no missing out on the rip.