Same Coin/Two Auctions??

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Popcoin
Popcoin Posts: 492
in PCGS Set Registry Forum
Whats with this deal. The same coin is listed in two Auctions.

Yahoo Auction

Ebay Auction

Reedededge whats up with this?????

Larry
World Bear Coin Design Set
20th C. Type Set
1976 Proof Set

Comments

  • tompkins
    tompkins Posts: 413
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    I'll take the Yahoo one. it's got a lower price!! But seriously, what's he up to--list it both places and cancel the one with the lower bid? Doesn't sound very ethical to me!

    Pete
    My coins
  • Whitewashqtr
    Whitewashqtr Posts: 736 ✭✭✭
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    You do find that dealers sometimes will list the same coin on Yahoo and eBay. If the coin sells they have the right to cancel the other auction. Gives them a way to use multiple venues to sells their wares.

    I see no problem with this. It would be the same as a coin in a shop that is also on eBay. If it sells in the shop, the auction is cancelled.

    By the way.. the Yahoo auction has a reserve!! Read!!

    JMHO

    WWQ
    HAVE A GREAT DAY! THE CHOICE IS YOURS!!!!
  • sinin1
    sinin1 Posts: 7,500 ✭
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    Here is my thought - reedededge was a heavy reserve auction seller on eBay

    they got frustrated with the new reserve price listing fees on eBay

    it took them awhile to figure out that they just need to start their listing at their reserve price

    they have high reserves/prices so not very high percentage get sold

    Yahoo auction IS a reserve auction, so until price gets met (which I bet is $425), no sale will occur.

    Yahoo prices generally lower - not many will hit their reserve there either.


    How much different is this than people who have a coin on eBay and also in their website inventory?
  • RICK15JK
    RICK15JK Posts: 217
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    Larry/Pete...

    Here is his reply to me....


    (I have just this one coin. It's a "horse race" between the 2 venues. If it meets reserve on either EBay or Yahoo, then we'll cancel the auction on the other.

    Thanks, and good luck in the auction.

    Robert Lehmann
    The Reeded Edge, Inc.)

    Text
    A active collector of Modern Proof graded coins. Highligted by my Modern registry sets. (The Lewis' Collections).
  • sonofagunk
    sonofagunk Posts: 1,349 ✭✭
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    ISN'T this the bozo that Spams everyone who ever asked him a question or bid on one of his auctions?

    RICK15JK, I hope you were already on his "list", because you are now.
    eBay Error Sales
  • RICK15JK
    RICK15JK Posts: 217
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    He better not....

    I have no problem passing out his email to every telephone company...to switch his long Distance...

    Rick
    A active collector of Modern Proof graded coins. Highligted by my Modern registry sets. (The Lewis' Collections).
  • Datentype
    Datentype Posts: 1,677 ✭✭✭
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    The coin looks like it's lucky to get ms66. Looks more like a 4 and possibly a 5 at the highest IMHO
  • wondercoin
    wondercoin Posts: 17,138 ✭✭✭✭✭
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    Some Benson coins were pedigreed in quantity. I bought a lot of (10) 1936(s) Buffalo nickels in PCGS-MS66 holders all labeled "Benson" and I passed on at least 20 more in other lots. I also bought a bunch of Wash quarter Benson pedigrees.

    So, no big deal that (2) sellers are selling Benson pedigreed Walkers IMHO. image

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • tompkins
    tompkins Posts: 413
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    Mitch,
    That may be true! but these two have the same PCGS slab number (unless he is using a generic "file" photo)

    Pete
    My coins
  • wondercoin
    wondercoin Posts: 17,138 ✭✭✭✭✭
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    "Mitch, That may be true! but these two have the same PCGS slab number (unless he is using a generic "file" photo) Pete

    Pete: Now there is something you do not see everyday image Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • RICK15JK
    RICK15JK Posts: 217
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    all: Here is another reply from him:

    (Hi Richard,

    Please understand, that we run a business to generate a profit. We will use whatever venue(s) best suits that goal. I don't see why that would upset you and/or discourage you from bidding.

    If you don't want to go the auction route, feel free to make us an offer to buy this piece (or any other) outright.

    Thanks,
    Robert Lehmann
    The Reeded Edge, Inc.)


    Rick
    A active collector of Modern Proof graded coins. Highligted by my Modern registry sets. (The Lewis' Collections).
  • Askari
    Askari Posts: 3,713 ✭
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    Isn't his proposal against eBay rules?
    Askari



    Come on over ... to The Dark Side! image

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