The first time I ever bid via mail bid at a major auction was the October1976 Julius Turoff sale. My bid was $1306 on a gem unc 1868 seated quarter. The coin sold for $800 so I was very happy with my "win." I called them up that following Monday about payment and they told me a dealer bought the coin on the floor and already went home with it. It could not be retrieved. I was out of luck. The reason given was that while my mail bid sheet was received in plenty of time, the bids were never entered.
This type of stuff burns me up, not sure why they do this in the age of lightning fast communication. I have had a few cases like that, the only way to cope with it and move on is let others know and try to move on.
I can see this mistake happening but stating that is WAS shipped and not getting a refund lightning fast is inexcusable.
Not the same but a dealer sent my $4200 coin to be graded and when it was returned a salesman sold it.
The dealer is a honest dealer but his salesman was very flip and seemed way too casual in his effort to get the coin back.
@TomB said:
Why would you enter the cert number into your registry set before you have seen the coin in-hand? That seems a bit premature given that no matter how good images might be, there is no substitute for seeing a coin in-hand.
@Elcontador said:
Years ago, I won a Braided Hair Half Cent at a Large Auction House. The coin said it sold at my bid amount, but that I did not get the coin. It went to a floor bidder who bid the same amount I did.
When I pointed out in the auction rules that the coin should be mine because I made the bid first, they tried to get the coin back from the person to whom they sold it on the floor, and he refused to cooperate.
The auction house apologized and sent me a book. I never did find another Half Cent like that one.
Was the book "How to win at Auctions"?
Seriously, you should have been the winner of that one since the floor bidder bid up to your preexisting amount. That bites!
This happens all the time, where auction house screw up and when they do they give a free book in place of a coin.....like how is that a fair settlement?
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
@TonerGuy said:
Out the dealer. This isnt a simple mistake - its malfeasance and obviously this person has no idea how to run a competent business... and its actionable. Title passed to you upon purchase, not when he gets around to shipping the coin.
I would force him to buy back the coin and sell it to me per the contract. He might know who has it.
While I agree with you and like your idea of forcing the dealer to buy it back, I don't know how it's is possible if the buyer will not sell it back to him or the dealer may just lie and say that he don't know who bought it-someone paid cash for it and it is some one that he ever saw before. Cash transactions like this take place all the time.
There are other possibilities such as: Someone called the dealer right after you bought it and told him that he would give him more money for it and to bring it to the show. The dealer in mho is a scumbag who I would never try to deal with again.
@mach1ne said:
Murphy's Law has been prevalent in my life lately. I've been looking for an affordable, original skin FH dollar for about a year now. I found one online Thursday and purchased it immediately. Fast forward 7 days and I still have no coin, no tracking number, no communication from the seller. I called them up and he assured me the coin would be on its way.
Day 8 and I get a text message that says he sold the dollar at the Baltimore show. Needless to say, this has been very frustrating for me. I was expecting the dealer to say he would make it right and find the same coin, same grade, same price, but he simply stated that he would add me to their want list and would refund me (which hasn't occurred yet).
What would you do? Is this common practice for dealers? Roll the dice and gamble that no one buys anything on your site until you get back from a show?
Thanks for your feedback.
On wednesday night (night before show opened) I received an email blast from a dealer and I clicked on their link to look at their inventory. They too had 1795 flowing hair dollar that seemed of interest to me so I moved the item to my shopping cart and purchased the coin. The next day I see the dealer at the show and ask if by any chance they had that coin with them. They replied that the coin had actually sold a week or two earlier and mistakenly was not removed from their website.
Mistakes like this happen all the time. Its unfortunate when you think you are getting something you want and dont end up getting it however it does happen. We move on.
One attribute to every dealers inventory should be Location
The dealer is paying money to show their coins at a show so they would want to bring it with them.
But simply by checking their web site and see that someone already bought and paid for it, it should be removed from their show case.
At best, dealer has a bad system...is lazy...and/or other problems. If a coin can be purchased on the website and then "ignored" and SOLD (in a separate transaction) in person to someone else, once, then it can happen again. It is VERY doubtful that the dealer, if (s)he is too busy to handle it correctly the first time, will actually fix things for the next time. So, it is VERY likely there WILL BE a next time...for someone.
At worst, it is a dealer playing a game. You are the bird in the hand. Put you off a few days, take coin to a show, sell at the same price, or better, to someone in person (2 birds in the bush...which, if you get them, is better than just 1 bird in the hand), and don't worry about a possible return and possibly get more $$$ for the coin.. "Mea culpa" from the dealer and then smile and move on, most likely.
Now, if you mention the dealer, some folks will get in an uproar but quite possibly the dealer will come on, if they are a member here, or speak "through a friend" if not, and give their side. Would be interesting to hear.
If you don't mention them, the odds are pretty high that this WILL happen to someone else going forward. No incentive to really fix it as, while you may be upset, the dealer hasn't really lost anything and probably gained more $$$ with the sale.
Heck, maybe this happened to others already and, if they would have posted about it, you may have read it and been a little more wary...or the dealer may have fixed the issue.
It's your choice, obviously, to mention the dealer or not....but if things were exactly the way you stated, I think the onus of coming clean is on the dealer and it would be good to know whether it was laziness/bad system, or trying to be too tricky and selling it and then taking it to sell.
Finally, if they can take your money that quickly, they can reverse the payment (and pay the fee I believe merchants get hit with, for causing the issue), or should have, at a minimum, already overnighted you a check.
I would LOVE to know who the dealer was, not to berate them, but to be wary if I were to deal with them (big dealer, small dealer, old dealer, new dealer, etc).
Good luck and I hope you have already received your payment back...and I hope you are super cautious dealing with them in the future...if you do.
Comments
There's always another one....
http://www.ebay.com/itm/Professional-Siren-Megaphone-Cheerleading-Microphone-Music-Bullhorn-Loud-Speaker-/172248527068
The first time I ever bid via mail bid at a major auction was the October1976 Julius Turoff sale. My bid was $1306 on a gem unc 1868 seated quarter. The coin sold for $800 so I was very happy with my "win." I called them up that following Monday about payment and they told me a dealer bought the coin on the floor and already went home with it. It could not be retrieved. I was out of luck. The reason given was that while my mail bid sheet was received in plenty of time, the bids were never entered.
This type of stuff burns me up, not sure why they do this in the age of lightning fast communication. I have had a few cases like that, the only way to cope with it and move on is let others know and try to move on.
You at least need to out him for not giving you a refund yet,,,
@basetsb_coins on Instagram
I can see this mistake happening but stating that is WAS shipped and not getting a refund lightning fast is inexcusable.
Not the same but a dealer sent my $4200 coin to be graded and when it was returned a salesman sold it.
The dealer is a honest dealer but his salesman was very flip and seemed way too casual in his effort to get the coin back.
Was worth 4200 then, now 2200
It can be undone with one click of the mouse.
out the dealer
No Way Out: Stimulus and Money Printing Are the Only Path Left
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
While I agree with you and like your idea of forcing the dealer to buy it back, I don't know how it's is possible if the buyer will not sell it back to him or the dealer may just lie and say that he don't know who bought it-someone paid cash for it and it is some one that he ever saw before. Cash transactions like this take place all the time.
There are other possibilities such as: Someone called the dealer right after you bought it and told him that he would give him more money for it and to bring it to the show. The dealer in mho is a scumbag who I would never try to deal with again.
Many things are "possible", but picking one based on no facts is pointless.
I'm reminded of the line from an old Star Trek episode:
Mr. Spock: My guess, Doctor, would be valueless. I suggest we refrain from guessing and find some facts.
On wednesday night (night before show opened) I received an email blast from a dealer and I clicked on their link to look at their inventory. They too had 1795 flowing hair dollar that seemed of interest to me so I moved the item to my shopping cart and purchased the coin. The next day I see the dealer at the show and ask if by any chance they had that coin with them. They replied that the coin had actually sold a week or two earlier and mistakenly was not removed from their website.
Mistakes like this happen all the time. Its unfortunate when you think you are getting something you want and dont end up getting it however it does happen. We move on.
+1
Tom
Life is to short to get hung up on stuff like this...
Since I'm a helpful sort of guy, I'll suggest this as a solution:
davidperkinsrarecoins.com/collections/miller-dollar-collection/1795-1-2-leaves-b-2-bb-20-flowing-hair-dollar-pcgs-vf35.html
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I think the dealer deserves to be named.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Sorry to hear that... He gave you verbal confirmation! Get your money back and remove him from your contacts... AB
One attribute to every dealers inventory should be Location
The dealer is paying money to show their coins at a show so they would want to bring it with them.
But simply by checking their web site and see that someone already bought and paid for it, it should be removed from their show case.
I see it like this....
At best, dealer has a bad system...is lazy...and/or other problems. If a coin can be purchased on the website and then "ignored" and SOLD (in a separate transaction) in person to someone else, once, then it can happen again. It is VERY doubtful that the dealer, if (s)he is too busy to handle it correctly the first time, will actually fix things for the next time. So, it is VERY likely there WILL BE a next time...for someone.
At worst, it is a dealer playing a game. You are the bird in the hand. Put you off a few days, take coin to a show, sell at the same price, or better, to someone in person (2 birds in the bush...which, if you get them, is better than just 1 bird in the hand), and don't worry about a possible return and possibly get more $$$ for the coin.. "Mea culpa" from the dealer and then smile and move on, most likely.
Now, if you mention the dealer, some folks will get in an uproar but quite possibly the dealer will come on, if they are a member here, or speak "through a friend" if not, and give their side. Would be interesting to hear.
If you don't mention them, the odds are pretty high that this WILL happen to someone else going forward. No incentive to really fix it as, while you may be upset, the dealer hasn't really lost anything and probably gained more $$$ with the sale.
Heck, maybe this happened to others already and, if they would have posted about it, you may have read it and been a little more wary...or the dealer may have fixed the issue.
It's your choice, obviously, to mention the dealer or not....but if things were exactly the way you stated, I think the onus of coming clean is on the dealer and it would be good to know whether it was laziness/bad system, or trying to be too tricky and selling it and then taking it to sell.
Finally, if they can take your money that quickly, they can reverse the payment (and pay the fee I believe merchants get hit with, for causing the issue), or should have, at a minimum, already overnighted you a check.
I would LOVE to know who the dealer was, not to berate them, but to be wary if I were to deal with them (big dealer, small dealer, old dealer, new dealer, etc).
Good luck and I hope you have already received your payment back...and I hope you are super cautious dealing with them in the future...if you do.
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
Mistakes happen my friend. I made a mistake once