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You lose a coin at auction, have remorse, then see it offered again within 2 weeks (update in 1st po
Bochiman
Posts: 25,305 ✭✭✭✭✭
what thoughts go through your head?
2 weeks would give someone a chance to receive it, look at it, and return it. So, knowing they lose some money on the return (talking about Teletrade here), one has to wonder what was so wrong with it is was returned.
So, do YOU bid on it again in the new auction? Do you halve your bid, just in case, since you bid pretty strongly before (and were outbid)?
What do YOU do?
What do you think when you see this?
Update: 8/7/10
Thanks for everyone posting their thoughts.
I debated a bit and then put in a lower bid. It must have been the previous "winner" and I at the higher level on the coin as it did go for less this time.
There is a small spot that is hard to see in the TT photos, but once the coin is in hand, and you know where to look, you can see it. Actually, 2 of them. That said, I like the coin and will keep it. The colors GLOW on it. That's what I wanted from an IHC Proof.
Coin came to me today, along with my 55/55ddo lincoln that I had sent to PCGS for the last quarterly special, so it was a good day to stay home and wait for the mailman
I haven't gotten around to taking pics but here are the TT pics...
2 weeks would give someone a chance to receive it, look at it, and return it. So, knowing they lose some money on the return (talking about Teletrade here), one has to wonder what was so wrong with it is was returned.
So, do YOU bid on it again in the new auction? Do you halve your bid, just in case, since you bid pretty strongly before (and were outbid)?
What do YOU do?
What do you think when you see this?
Update: 8/7/10
Thanks for everyone posting their thoughts.
I debated a bit and then put in a lower bid. It must have been the previous "winner" and I at the higher level on the coin as it did go for less this time.
There is a small spot that is hard to see in the TT photos, but once the coin is in hand, and you know where to look, you can see it. Actually, 2 of them. That said, I like the coin and will keep it. The colors GLOW on it. That's what I wanted from an IHC Proof.
Coin came to me today, along with my 55/55ddo lincoln that I had sent to PCGS for the last quarterly special, so it was a good day to stay home and wait for the mailman
I haven't gotten around to taking pics but here are the TT pics...
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
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EAC 6024
Either way good luck with it...
AB
If I saw the same coin two weeks later (and I knew it was a purchase and not simply the owner having bid/won himself) I'd assume it was due to nonpayment and be happy to get a second shot.
peacockcoins
<< <i>Teletrade is always about a month ahead on cataloging their auctions.
If I saw the same coin two weeks later (and I knew it was a purchase and not simply the owner having bid/won himself) I'd assume it was due to nonpayment and be happy to get a second shot. >>
Thanks Pat.
Coin showed as "won" (and the history shows the same one), which is why I was thinking it was won, delivered, inspected, returned, back up.
I will likely bid, but am still contemplating and looking even closer at the pics.
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
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>Always a crapshoot with that. Some in hand are nothing like the pix; others are right on the gnat's ass. I wonder if smoeone at TT would tell you why it was returned. >>
Agree. It can't hurt to call TT and ask them why it was returned. I would go for it. Just because someone else didn't like it doesn't mean that you won't like it and your opinion is the only one that really matters.
Worry is the interest you pay on a debt you may not owe.
Gary
Perhaps the other buyer did not like it for some reason. Tastes are different from one collector to another.
Either way, you have the return privledge with Teletrade, just don't do it too often as they frown up that.
I've only returned one coin in the past and they didn't give me a problem, but I wouldn't want to do it over and over again.
Good luck should you decide on placing a bid.
Since you asked. It reminds me of a situation a while back. I decided I wanted to get the Mrs. a nice little Hot Rod for summer driving
and started looking around for an early70's Chevy Nova. (Her Favorite Car) Right out of the gate first day I find one on Ebay. I throw out a bid $2500.00
thinking that is a more than fair bid. Auction ends and someone smoked me at $3000.00. All is O.K. it is just the beginning and I figure I will have to up the price a little to get her one. I have not collected cars since the late 80's so the prices I have in my head are from that time.
I begin searching again and all I can find is rusted bodies with no motors for $4000.00 and up. Two weeks later I am thinking that I am going to have to pony up $10,000 or more for a decent one for her. and low and behold I get a second chance offer from Ebay on the one I had bid on and lost. I immediately buy it at $2500.00 and make arrangements to get it home. In talking to the gentleman that I was buying it from I find out
that I will not have to have it trucked home on a flat bed wrecker. He said Heck you can drive it home.
So the Mrs. and my son an niece drove up and got it. And the Mrs. was in seventh heaven driving her new toy home.
Also has original motor with all matching numbers.
People turn down deals for many reasons that may have nothing to do with something being wrong with the item itself.
All I can picture is the guy that won it at 3000.00 going to inspect it and his wife standing there saying
"There is no way your spending $3000.00 on a car that is that old"
Just one opinion
Terry
I've bid & won & been quite happy with my second chance...
Life is filled with opportunities... why not go for it?
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
He just changed his mind about the coin
He bid on multiple coins, won more than he expected, couldn't pay for all of them
Needed the money for something that came up unexpectedly
Auction was shilled to drive up the price and the shill didn't expect to win
Found one somewhere else after placing his bid, didn't need two
I don't think I would assume the worst.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
unsold lots roll over into a future auction ; usually two weeks later .
It is next to impossible to see this case as any other scenario .
Tell you what you do Bochiebuddy , tell me what the coin is , lay off and let me win it - then I tell you if I get a keeper !
Bid on it again. I have won several coins from TT that were re-auctioned if that's the term.
GO FOR IT !!
Franklin-Lover's Forum
<< <i>I think I would let it go without bidding on it. >>
Agreed, something had to be flawed w/it, I would think.
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
Unless we're assuming that the coin had actually sold.
I was under the same impression with a coin that I eventually won. What else do we have to go on when we've seen a coin as sold in the aftermath of an auction. But yet, the coin, in a sense, mysteriously reappears in a later auction. So....I wouldn't ask why a coin was returned but I would ask if the coin actually sold the last time around.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection