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Sleeping sellers wake up, cancel wins on stale offers
Creg
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Three sellers refunded payment after I won their stale auctions for underpriced.999 on my watch list for months. They relisted the same coins at as stupid price as before.
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Sounds vaguely familiar
Collector of Liberty Seated Half Dimes, including die pairs and die states
It is a difficult thing to keep repricing. Had a young fellow in the shop a few days ago. Of course he wanted all the Mercury dimes marked at $3., on the 2”x2” cardboard flips that never sold when silver was $40 per Oz.
I get your point.
Practice makes perfect & nobody is perfect. So, practice being nobody.
A properly-run business shouldn’t be repricing coins at the conclusion of a “stale auction”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Deleted
Hey, correct, because I’m a colloquial guy, but you were not confused because you figured it out in the same post.
Still, your reference to auctions was misleading and changed the situation considerably.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My imprecise language does shame me a bit.
Hunting old BINs and hoping the seller is asleep at the wheel could be a fun hobby, but there should be no expectation to actually get the product at the old price. If you make it happen, good for you you, but the odds are stacked against you (rightfully so).
More than a dozen sellers did not do that to my other BIN purchases of “underpriced” silver. It surprises me that so many did not cancel. Some of the offers had sat for an over a year.
If a buyer wins an auction or hits the BIN, can he give the seller a neg if the seller subsequently cancels the sale?
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
Hmmm. It seems like a different crowd of responders here, compared to my similar post several weeks ago. There I got responses like "Any customer that is trying to take advantage in this situation is not a good customer..." (with four agrees). I call it bargain hunting.
Collector of Liberty Seated Half Dimes, including die pairs and die states
It wasn’t I.
You probably got different feedback based upon your thread title/question “Should a dealer honor an old CC listing?”
https://forums.collectors.com/discussion/1119472/should-a-dealer-honor-an-old-cc-listing#latest
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Likewise I had buyers delay payments on auctions ending last weekend until silver popped back a bit this week. I’m guessing they would have cancelled if it didn’t. I also did have many cancelled bids along the way “entered wrong amount”.
This BIN went through:
https://www.ebay.com/itm/366176096147
Unless you had been watching the item for a length of time, as a buyer, you wouldn't know how stale the listing is.
This 1866 Seated half went for the price of silver:
https://www.ebay.com/itm/366176096147
Ebay also shows the date of the listing if you do a search.
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.
Antique shops are a great place to get silver underpriced or at least it was while it was rising.
At some of these shops the dealers are rarely in and the shop owner sells at the listed price.
I recently picked up a silver round for 55 when at the time the price was 65.
That link is the same one you included in your previous post about the two ASE’s in an album.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
https://www.ebay.com/itm/157660077740
My apology.
Here is the correct link.
One can avoid this problem by not purchasing any coins that sell near the Bullion value because they have great Numismatic value
Thanks and no need to apologize for being informative.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Mark, Yes, there was plenty of feedback dealing with the question I asked. But there was also criticism of anyone (like me) who would try to purchase an underpriced item from an old offering. I don't see anything like that here so far. Perhaps the reaction I got was due to a) the dollar amount involved, dealing with gold and not silver, and b) perhaps some of those responders are/were dealers and wouldn't like to be on the short end of the deal.
Collector of Liberty Seated Half Dimes, including die pairs and die states
Never got a response. Anyone know?
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’m not certain but think that under such circumstances, there’s not a completed transaction for which the buyer can leave feedback.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I had a buyer make an offer on an 18K gold watch...it was pretty low but I thought about it and decided to sell.
When I accepted the offer it didn't go through....the buyer must have retracted their offer.
I raised my sell price and if I could block the buyer I would, Just Because
When I buy a coin using the BIN. the payment is automatic on my credit card. Once paid for, I consider myself to be the owner of that coin even though I haven't received it yet. If the seller reneges on the transaction and refunds my money, I think the seller deserves a neg.
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 strongly agree that the seller deserves a negative under those circumstances. But I still think that once the transaction’s cancelled, there can’t be a negative feedback reflected. I’d love to be wrong.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I had a bid in which it got canceled. At that time we couldn't leave feedback for whatever reason. I imagine that's its still the same today, had to share
When people make offers on my ebay stuff, I check the feedback they leave for others.
When I see them leaving negatives and neutrals, I reject the offer and block them.
Some people are just biased to the negative.
In my opinion the seller has the responsibility to keep the BIN price up to date. If they don't stay current regarding the pricing that's on them. The same for a buyer. If they purchase when the price is high and it drops, in my mind they own it and should pay the BIN price.
If it’s a “legitimate” reason, you’ve answered the question for me.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Can you give an example or two of a legitimate reason for cancelling an eBay sale that has already been paid for?
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
In retail stores, if they have the wrong price posted, they typically have to honor it if you push them.
"it turned out to be bogus"
(got that one time)
Are those "reasons" or "excuses"? Sounds like "The dog ate my homework" and worthy of a neg.
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
only if left before seller 'cancels sale', but why would you know they are going to change their mind?
The coin is bought and paid for. The seller then cancels the transaction and refunds your money. Can you leave a neg?
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 do not believe buyers can leave any feedback after sale cancelled and refund process started, but eBay is frequently changing rules
Legally, absolutely not. I assume many larger stores have a policy to honor the error in some situations.
I know of a state that requires a grocery store to give you the item for free if the posted price is wrong.