What would you do if a seller listed this coin for sale incorrectly?

coinguy1 · February 9, 2011 3:46AM

Seller/dealer sent me and other dealers an email list, as he does from time to time.

One of the coins (described as PCGS/CAC) was listed for sale at $2050.

A non-CAC example has a sight-unseen bid of close to $1900 and an ask of $2050.

A CAC example has a sight-unseen bid of roughly $2350 and an ask of about $2500.

I sent a quick reply, saying that I'd buy the coin at $2050, and asked him to confirm availability and to whose attention I should send my check.

He wrote back and apologized, indicating that the listing was an error and that the coin in question was not CAC certified. And that he had another one which was CAC certified, but that it would cost me $2500.

What would you do in that situation? Would you drop it? Try to get him to sell the CAC one for $2050? Something else?

UtahCoin · February 9, 2011 3:49AM

I'd drop it if I had a history with the dealer.

UncleJoe · February 9, 2011 3:50AM

I would drop it.

Joe.

Broadstruck · February 9, 2011 3:50AM

If it's genuinely an error I'd drop it and move on.

Lakesammman · February 9, 2011 3:54AM

If I was a lawyer like you, I'd sue the bugger!

But, since I'm not, I'd drop it.

LindeDad · February 9, 2011 3:55AM

Has this kind of thing happened before?
If so it is probably bait and switch, if not probably just a mistake and the answer would depend on the answer to question one.

mrcoin3 · February 9, 2011 3:57AM

I'd drop it. The guy admitted a mistake. They do happen ya know.
Do you expect to get paid off for a typo??

291fifth · February 9, 2011 3:57AM

Move on quickly. There is no Santa Claus in coin dealing.

Dollar2007 · February 9, 2011 4:00AM

This kind of thing comes up a lot in consumer reporter newspaper columns relating to grocery stores and other retail stores, and it always ends in favor of the store. The store usually has some kind of protection if they mess up an ad. Only if it happens a lot do you maybe have a case but even then usually not.

LoveMyLiberty · February 9, 2011 4:00AM

I'd ask him if he wanted to buy a Rolex I'm selling for $800.

roadrunner · February 9, 2011 4:01AM

Drop it and move on.

How would you handle it if the roles were reversed?

roadrunner

COALPORTER · February 9, 2011 4:02AM

black ball em !!

lkeigwin · February 9, 2011 4:04AM

I guess I'd just move on.
Lance.

AUandAG · February 9, 2011 4:04AM

It was pretty obvious to you that it was most likely a mistake.

No meeting of the minds on this one. Drop it and go on. Unless I'm missing something,
Mark, as usual!

bob

BAJJERFAN · February 9, 2011 4:10AM

What if he had realized his error after he shipped?

coinguy1 · February 9, 2011 4:14AM

<< It was pretty obvious to you that it was most likely a mistake.

No meeting of the minds on this one. Drop it and go on. Unless I'm missing something,
Mark, as usual!

bob >>

Bob, you didn't miss anything.

I figured, that either the coin wasn't CAC certified, or that the seller had made a typo. So I didn't expect to be able to buy the coin at the listed price. I passed at the higher price and thanked the seller for getting back to me.

In starting this thread, I was admittedly fishing for some "make him honor his price" replies, but I guess I chose the wrong bait.

Thanks for the feedback.

RYK · February 9, 2011 4:14AM

I will let you off the hook...this time.

Would it make any difference if it were a retail transaction?

JupitarCoins · February 9, 2011 4:14AM

Probably a typo.
Imo I would let it go.

shorecoll · February 9, 2011 4:22AM

Counter offer or let it go.

AUandAG · February 9, 2011 4:23AM

<< 

<< It was pretty obvious to you that it was most likely a mistake.

No meeting of the minds on this one. Drop it and go on. Unless I'm missing something,
Mark, as usual!

bob >>

Bob, you didn't miss anything.

I figured, that either the coin wasn't CAC certified, or that the seller had made a typo. So I didn't expect to be able to buy the coin at the listed price. I passed at the higher price and thanked the seller for getting back to me.

In starting this thread, I was admittedly fishing for some "make him honor his price" replies, but I guess I chose the wrong bait.

Thanks for the feedback. >>

sly today are we??

yellowkid · February 9, 2011 4:24AM

As long as I didn't feel it was a sales ploy, and then probably even if it was, I would let it go. IMHO people shouldn't be taken to task for making an error, what if they listed the $5000 coin for $500? I was doing an antique show last summer and two women asked about a "pair" of antique golf clubs, I took a quick look at the tag ($295) and said my wife would probably do $250 for them, I didn't realize they were priced apiece, although they were marked so.
A bit later they came back and said they would take the pair for $250, my wife was back and told them of the error. They proceeded to make a scene and said that if I had told them X, then we had to sell them for that. After a few minutes of being nice, to no avail, my wife told them to get out of our tent, that she wasn't in the "gotcha" business.

roadrunner · February 9, 2011 4:25AM

We have no problem chomping down on some choice bait every so often....but today you were tossing chum(lee) into the water.

roadrunner

Raybob15239 · February 9, 2011 4:28AM

I'd drop it.

MarkInDavis · February 9, 2011 4:41AM

Drop it.

PerryHall · February 9, 2011 4:48AM

Drop it. What else can you realistically do?

golden · February 9, 2011 5:28AM

Drop it and move on.

TomB · February 9, 2011 5:31AM

It's a mistake; move on.

tahoe98 · February 9, 2011 5:31AM

...i guess i'd drop it, unless they had a history of this 'mistake'

then i'd raise hell.

PTVETTER · February 9, 2011 5:32AM

I have heard that to error is human

but to really foul things up you need a computer!

joebb21 · February 9, 2011 7:05AM

You can always bother him but he can just say the item has already been sold

ebaybuyer · February 9, 2011 7:11AM

not much TO do, paypal wont help, you cant neg him, have to just let it go.

CaptHenway · February 9, 2011 7:51AM

<< Seller/dealer sent me and other dealers an email list, as he does from time to time.

One of the coins (described as PCGS/CAC) was listed for sale at $2050.

A non-CAC example has a sight-unseen bid of close to $1900 and an ask of $2050.

A CAC example has a sight-unseen bid of roughly $2350 and an ask of about $2500.

I sent a quick reply, saying that I'd buy the coin at $2050, and asked him to confirm availability and to whose attention I should send my check.

He wrote back and apologized, indicating that the listing was an error and that the coin in question was not CAC certified. And that he had another one which was CAC certified, but that it would cost me $2500.

What would you do in that situation? Would you drop it? Try to get him to sell the CAC one for $2050? Something else? >>

All things considered I would probably drop it, but in the black pit of my soul I would consider asking him to send both coins on approval just to see if he really did have two of them......

TD

BaseballAbs · February 9, 2011 8:23AM

<< 

<< It was pretty obvious to you that it was most likely a mistake.

No meeting of the minds on this one. Drop it and go on. Unless I'm missing something,
Mark, as usual!

bob >>

Bob, you didn't miss anything.

I figured, that either the coin wasn't CAC certified, or that the seller had made a typo. So I didn't expect to be able to buy the coin at the listed price. I passed at the higher price and thanked the seller for getting back to me.

In starting this thread, I was admittedly fishing for some "make him honor his price" replies, but I guess I chose the wrong bait.

Thanks for the feedback. >>

Sounds like you made the right choice. I'm not sure I like the test to see if i will give you bad buisness advice though.

Broadstruck · February 9, 2011 8:42AM

<< All things considered I would probably drop it, but in the black pit of my soul I would consider asking him to send both coins on approval just to see if he really did have two of them. >>

earlyAurum · February 9, 2011 8:52AM

I would apologize for having tried to pick him off.

Rampage · February 9, 2011 8:57AM

Yeah, like someone else said earlier in the thread, I would probably try to counter at $2275 and if no sale, then move along to the next coin. Mistakes happen all the time. Maybe the question should be, Would you honor the $2,050 price if it was your coin listed and someone wanted to buy it at that? Just something to think about...

pennyannie · February 9, 2011 1:23PM

You must be bored, we all know that the first thought thru your head was a listing mistake, not a thought of actually buying it for that price.

Coinlearner · February 9, 2011 1:59PM

...I.DO??.....Express to the seller how disappointed I am and was excited about getting the coin.....I would ask if there was any way he/she could knock off 2-300 from the price. Maybe the dealer will make some "allowance" for their mistake and your disappointment.

rld14 · February 10, 2011 7:33AM

Mark,

I have to say that I am truly surprised that the torch and pitchfork committee wasn't vocal at all in this thread.

Me? I'd drop it as well but I knew where you were going with this

drfish · February 10, 2011 10:02PM

I ran into a similar scenario at MCM -had already bought and paid for the coin with Paypal when I recieved the "we made a listing error email". I thought about holding their feet to the fire but I'd had lots of fair buy/sell deals with them in the past.I wanted the coin - so we split the difference between what I paid and what they said they meant to sell the coin for and everybody was happy.

What would you do if a seller listed this coin for sale incorrectly?

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