<< <i>Before I render an opinion, I'd first like to see a record of the communication exchange and a photo of the coin involved. Otherwise, its your word against the buyers as to what its true value may or may not be. >>
IF the price of $2000 was mentioned by the seller, and no lower price, AND the buyer agreed to receive the coin and either buy it or return it, AND the buyer received it and no agreement on a different price was reached so it was to be returned, then it is a $2000 coin...again, in my opinion. Otherwise, it opens it up completely to many more scams.
<< <i>Out the person..I think the important information is "outed" already - ship to those you know etc >>
He should not out the person until he tries to resolve this with the buyer. If he was to "out the buyer" on these forums there is a good chance another forum member will contact the buyer and stir up more trouble.
It is industrial strength dumb not to fully insure someone else's property that is in your custody. One can take the chance that it won't get lost, but if it does be prepared to eat the loss.
(Although from the information provided, I tend to agree that it was the buyer's responsibility to return it... I wonder who Paypal would side in this case?).
<< <i>Out the person..I think the important information is "outed" already - ship to those you know etc >>
He should not out the person until he tries to resolve this with the buyer. If he was to "out the buyer" on these forums there is a good chance another forum member will contact the buyer and stir up more trouble. >>
Hi,
I was not advocating outting the person. I have a bad habit of typing as if I was speaking aloud. I'm sorry. I was saying the important information has already been transmitted.
<< <i>I personally would like to know the following: type of coin year description of condition in hand grade grading service otherwise the whole issue over the money is useless without this info
I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Under the law he owes you its actual replacement value.
That sounds right to me. The tricky part will be proving the replacement value. And if the replacement value cannot be established, it seems to me that $2000 would be the applicable value.
Now, an aside. Let's say that you order a 1971 "No S" proof set for $1000 and, when it arrives, you see that there's a mintmark on the nickel. When you return it, it get's lost in the mail. Whatever you insured it for, the USPS is not going to pay more than $5, because that's the value of the item. And if you have private insurance, the same rule would apply. In this hypothetical case, would anyone here argue that the buyer should have to kick in the extra $995 that the seller thinks he lost? I doubt it.
And now, back to the OP. I'd like to know what the coin was, because it really may be a $300 item, and buying $2000 worth of insurance might have been a complete waste of money, because the claim would not have been paid.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i> Under the law he owes you its actual replacement value.
That sounds right to me. The tricky part will be proving the replacement value. And if the replacement value cannot be established, it seems to me that $2000 would be the applicable value. >>
Perhaps emails where the buyer-to-be stated he would pay $2000 but he wanted to view the coin first would come in handy (if that is indeed what happened).
<< <i>Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility. >>
thank you for your very informative unbiased decision! i believe that my asking price wasnt crazy.
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price.
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000...
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000?
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000? >>
you misread what i was referring to. He implies the coin is only worth $300. I am stating i have had offers for more than 4 times over that.
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000? >>
you misread what i was referring to. He implies the coin is only worth $300. I am stating i have had offers for more than 4 times over that. >>
Oh, yet another reading comprehension blunder by me...
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000? >>
Four times $300, not $2000, reread the post.
I agree with someone earlier, my scam alerts are going off big time. Both Priority Mail and insurance over $200 should be trackable in the USPS system. I think this is a way of getting you to accept only $300 for the coin. Demand tracking numbers, scans of his postal receipts, and copies of the postal insurance forms. Good luck.
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
(1) PCGS price guide tells me it's a $200 coin. (2) If it upgraded to 65 it would be a $745 coin (I believe it to be properly graded). (3) I don't see the premium in the toning that the seller sees.
Did buyer see this coin beforehand or was it a case of you sending it to him for approval? Based on your OP he was a "potential" buyer which tells me the coin was sent for his approval. He obviously didnt approve of it or the price.
Yes, he should have sent it back for the insured value of $2000 because the coin (and its price) were his until he safely returned it.
<< <i>it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
(1) PCGS price guide tells me it's a $200 coin. (2) If it upgraded to 65 it would be a $745 coin (I believe it to be properly graded). (3) I don't see the premium in the toning that the seller sees.
Did buyer see this coin beforehand or was it a case of you sending it to him for approval? Based on your OP he was a "potential" buyer which tells me the coin was sent for his approval. He obviously didnt approve of it or the price.
Yes, he should have sent it back for the insured value of $2000 because the coin (and its price) were his until he safely returned it. >>
and thats where the buyer is at fault. If he didnt like it i wouldnt mind looking at it a little while longer till it found a suitable home. But now I am out a very attractive rare coin that will be almost impossible to replace.
<< <i>I agree with someone earlier, my scam alerts are going off big time. Both Priority Mail and insurance over $200 should be trackable in the USPS system. >>
A consumer can not track it, yet your local Postal Inspector could do a internal USPS status check on his computer.
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
You are not wrong, you were wronged. We need a website fashioned after the "sex offender" program, so that the "not so trustworthy" can be identified. I see no reason we cannot have a "numismatist offender" program.
The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy.
<< <i>Help me out here, I just went to pcgs price guides, $80 in ms64 and $200 in ms65. I won't try to grade this one since I am no expert on them. But assuming it is undergraded for a moment and then adding 50% for the nice toning does equal $300, what the buyer I assume thought it was worth and thus insuring it for. I guess he was thinking why pay for insurance on $2k if the coin is only really worth $300.
Now in reality i don't know what they shoudl go for, typically pcgs is high for every coin that i collect but i don't know about this particular series. We all can think our coin is worth $100k but in the end our coin is only worth what it will sell for. Since you never sold the coin before how do you come up with $2k, I mean you can ask for anything under the sun but then you have to be realistic. The toning is nice but i don't want to hear about a 25X premium if ms65 or a 10x premium at ms65 in any case. >>
I came up with $2000 because its a fair price. Like i said above ive had numerous offers over $1200 and a few people who were in line after him at $1500. I have sometimes paid 30x what a coin is worth on sheet for the toning, so the whole idea about price guide goes out the window.
<< <i>Help me out here, I just went to pcgs price guides, $80 in ms64 and $200 in ms65. I won't try to grade this one since I am no expert on them. But assuming it is undergraded for a moment and then adding 50% for the nice toning does equal $300, what the buyer I assume thought it was worth and thus insuring it for. I guess he was thinking why pay for insurance on $2k if the coin is only really worth $300.
Now in reality i don't know what they shoudl go for, typically pcgs is high for every coin that i collect but i don't know about this particular series. We all can think our coin is worth $100k but in the end our coin is only worth what it will sell for. Since you never sold the coin before how do you come up with $2k, I mean you can ask for anything under the sun but then you have to be realistic. The toning is nice but i don't want to hear about a 25X premium if ms65 or a 10x premium at ms65 in any case. >>
I came up with $2000 because its a fair price. Like i said above ive had numerous offers over $1200 and a few people who were in line after him at $1500. I have sometimes paid 30x what a coin is worth on sheet for the toning, so the whole idea about price guide goes out the window. >>
I personally think this toning premium is nutso, but it doesn't matter what I think, it is your coin to sell for what you want. Obviously the knucklehead buyer was interested at $2k otherwise he wouldn't have asked to see it at that price. He agreed to see the coin for $2k, he was invoiced, and he unilaterally decided not to incure it for the agreed upon amount, heck even if he didn't agree with the amount, he is supposed to insure it for the invoice amount, that is the right thing to do. He didn't, so I still say he owes you the diff between what the usps pays you and the $2k. However I personally think you are dreaming that it is truly worth $2k or anywhere close to that amount, jmho. >>
<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment.
FWIW, I had an item lost by the Postal system in transit to me from the last survivor of the Titanic across the pond. It was my last correspondence with the lady before she died. The item showed up many months later - repackaged by some honest postal person with no information on it apart from my own address. So, hope remains - in what quantity I can't say.
<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment. >>
it was not for approval. Buyer made me wait for nearly 2 weeks while he tried selling some coins to come up with the rest of the money.
<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up >>
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?! >>
not late my good friend. MIA, post office it was supposedly delivered to has no knowledge of it and USPS on the phone gave me that whole "your on your own pal" speech
<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment. >>
it was not for approval. Buyer made me wait for nearly 2 weeks while he tried selling some coins to come up with the rest of the money. >>
<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up >>
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?! >>
not late my good friend. MIA, post office it was supposedly delivered to has no knowledge of it and USPS on the phone gave me that whole "your on your own pal" speech >>
How do you know it has even made it to this post office you speak of? If the package was untracked, how was it tracked to this post office?
Unless you have such tracking information, and unless you know for certain was tracked to the post office, then maybe it's a little premature to call it "lost" it might just be late.
<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment. >>
it was not for approval. Buyer made me wait for nearly 2 weeks while he tried selling some coins to come up with the rest of the money. >>
Then who has the money? >>
he still has the money. He was going to send the remaining 90% balance one he received it. Then changed his mind.
<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up >>
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?! >>
not late my good friend. MIA, post office it was supposedly delivered to has no knowledge of it and USPS on the phone gave me that whole "your on your own pal" speech >>
How do you know it has even made it to this post office you speak of? If the package was untracked, how was it tracked to this post office?
Unless you have such tracking information, and unless you know for certain was tracked to the post office, then maybe it's a little premature to call it "lost" it might just be late. >>
i am not able to track it but the USPS employee should be able to. It was traced to my local PO, and they have no item available or any info on it.
<< <i>I just don't understand why he would insure it for $300. >>
Because he has now seen the coin, probably looked at the price guide, and knows he can't convince USPS it's worth more than $300 if it does reach an insurance claim. Only one so far to think it's worth more than $300 are the seller and someone who offered him four times the $300.
The only other explanation is he still has the coin and has no intention of returning it or completing payment.
Either way this a buyer that I would not want to deal with.
<< <i>i am not able to track it but the USPS employee should be able to. It was traced to my local PO, and they have no item available or any info on it. >>
OK, so a postal employee has provided you with official tracking information and told you that it was tracked to the post office you speak of?
<< <i>i am not able to track it but the USPS employee should be able to. It was traced to my local PO, and they have no item available or any info on it. >>
OK, so a postal employee has provided you with official tracking information and told you that it was tracked to the post office you speak of? >>
yes, then i get there and they have no clue where it is or when it came in. Basically told me to call up customer service.
<< <i>yes, then i get there and they have no clue where it is or when it came in. Basically told me to call up customer service. >>
There might still be hope. How many days has it been since the seller sent out the package? Even the USPS website says regular insured mail can take up to 21 days.
"Item mailed with Insurance
Please allow twenty-one (21) days from the date of mailing for your item to arrive. Using the Insurance label ID numbers, you can check the delivery status online via Track and Confirm on usps.com or you can obtain information by calling 1-800-222-1811. If the proper amount of time has passed and the item has not arrived, you may file a claim. For more information about filing an insurance claim, go to the Submitting a Domestic Insurance Claim FAQ."
Just because the clerk couldn't find it on demand at that moment doesn't mean it's necessarily lost altogether. I say be patient.
Also, did the buyer give you the tracking number for the USPS insurance ticket?
Comments
<< <i>Before I render an opinion, I'd first like to see a record of the communication exchange and a photo of the coin involved. Otherwise, its your word against the buyers as to what its true value may or may not be. >>
IF the price of $2000 was mentioned by the seller, and no lower price, AND the buyer agreed to receive the coin and either buy it or return it, AND the buyer received it and no agreement on a different price was reached so it was to be returned, then it is a $2000 coin...again, in my opinion. Otherwise, it opens it up completely to many more scams.
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
<< <i>Out the person..I think the important information is "outed" already - ship to those you know etc >>
He should not out the person until he tries to resolve this with the buyer. If he was to "out the buyer" on these forums there is a good chance another forum member will contact the buyer and stir up more trouble.
<< <i> I bought it a few years ago and got a great deal on it and think it would sell for more now. >>
If you bought if for less than $300, get the $300 from the insurance and learn a valuable lesson from the experience.
Velocity, Not Valuation Defines A Bubble.
(Although from the information provided, I tend to agree that it was the buyer's responsibility to return it... I wonder who Paypal would side in this case?).
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
<< <i>
<< <i>Sounds to me like he/she owes you $2,000. >>
Yep. >>
+2,000
<< <i>
<< <i>Out the person..I think the important information is "outed" already - ship to those you know etc >>
He should not out the person until he tries to resolve this with the buyer. If he was to "out the buyer" on these forums there is a good chance another forum member will contact the buyer and stir up more trouble. >>
Hi,
I was not advocating outting the person. I have a bad habit of typing as if I was speaking aloud. I'm sorry. I was saying the important information has already been transmitted.
Eric
<< <i>
<< <i> I bought it a few years ago and got a great deal on it and think it would sell for more now. >>
If you bought if for less than $300, get the $300 from the insurance and learn a valuable lesson from the experience. >>
i bought it for many times over 300.
<< <i>I personally would like to know the following:
type of coin
year
description of condition in hand
grade
grading service
otherwise the whole issue over the money is useless without this info
I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Peace Dollar
1924
Intense rainbows covering whole obverse.
MS64 OGH (would definitely upgrade)
PCGS
That sounds right to me. The tricky part will be proving the replacement value. And if the replacement value cannot be established, it seems to me that $2000 would be the applicable value.
Now, an aside. Let's say that you order a 1971 "No S" proof set for $1000 and, when it arrives, you see that there's a mintmark on the nickel. When you return it, it get's lost in the mail. Whatever you insured it for, the USPS is not going to pay more than $5, because that's the value of the item. And if you have private insurance, the same rule would apply. In this hypothetical case, would anyone here argue that the buyer should have to kick in the extra $995 that the seller thinks he lost? I doubt it.
And now, back to the OP. I'd like to know what the coin was, because it really may be a $300 item, and buying $2000 worth of insurance might have been a complete waste of money, because the claim would not have been paid.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i> Under the law he owes you its actual replacement value.
That sounds right to me. The tricky part will be proving the replacement value. And if the replacement value cannot be established, it seems to me that $2000 would be the applicable value. >>
Perhaps emails where the buyer-to-be stated he would pay $2000 but he wanted to view the coin first would come in handy (if that is indeed what happened).
<< <i>Funny, I missed the post before my last one. Now that I know what the item is, I'd argue that the full $2000 is due. Not because the coin is or isn't worth it, but because the price is within the realm of possibility. >>
thank you for your very informative unbiased decision! i believe that my asking price wasnt crazy.
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price.
Velocity, Not Valuation Defines A Bubble.
<< <i>
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000...
<< <i>
<< <i>
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000?
<< <i>
<< <i>
<< <i>
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000? >>
you misread what i was referring to. He implies the coin is only worth $300. I am stating i have had offers for more than 4 times over that.
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000? >>
you misread what i was referring to. He implies the coin is only worth $300. I am stating i have had offers for more than 4 times over that. >>
Oh, yet another reading comprehension blunder by me...
<< <i>
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<< <i>I don't are what op paid for it, that isn't anyone's business even if he paid as much as $5k or $5 for it. >>
Didn't ask what he paid for it. I advised him that if the insurance would cover at least what he had in it the easiest solution would be to call it a day and learn from from the experience.
Now that he's posted pics, $300 seems more than fair. I do not condone the stupidity on the part of the buyer and if OP can get full price, more power to him. I do agree with buyer that coin is not worth full price. >>
it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
If you've gotten offers more than 4x of $2000 then why are you selling now for $2000? >>
Four times $300, not $2000, reread the post.
I agree with someone earlier, my scam alerts are going off big time. Both Priority Mail and insurance over $200 should be trackable in the USPS system. I think this is a way of getting you to accept only $300 for the coin. Demand tracking numbers, scans of his postal receipts, and copies of the postal insurance forms. Good luck.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>Still hoping the coin shows up... How long has it been M.I.A.
it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
<< <i>it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
(1) PCGS price guide tells me it's a $200 coin.
(2) If it upgraded to 65 it would be a $745 coin (I believe it to be properly graded).
(3) I don't see the premium in the toning that the seller sees.
Did buyer see this coin beforehand or was it a case of you sending it to him for approval? Based on your OP he was a "potential" buyer which tells me the coin was sent for his approval. He obviously didnt approve of it or the price.
Yes, he should have sent it back for the insured value of $2000 because the coin (and its price) were his until he safely returned it.
Velocity, Not Valuation Defines A Bubble.
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<< <i>it seems you have been left in the stone ages if you think $300 is acceptable for the coin. I have had offers easily over 4 times more than that. It doesnt matter what YOU think its worth. If the buyer originally agreed $2000 was a good price for it, then he should of sent it back for the insured value of $2000... >>
(1) PCGS price guide tells me it's a $200 coin.
(2) If it upgraded to 65 it would be a $745 coin (I believe it to be properly graded).
(3) I don't see the premium in the toning that the seller sees.
Did buyer see this coin beforehand or was it a case of you sending it to him for approval? Based on your OP he was a "potential" buyer which tells me the coin was sent for his approval. He obviously didnt approve of it or the price.
Yes, he should have sent it back for the insured value of $2000 because the coin (and its price) were his until he safely returned it. >>
and thats where the buyer is at fault. If he didnt like it i wouldnt mind looking at it a little while longer till it found a suitable home. But now I am out a very attractive rare coin that will be almost impossible to replace.
<< <i>I agree with someone earlier, my scam alerts are going off big time. Both Priority Mail and insurance over $200 should be trackable in the USPS system. >>
A consumer can not track it, yet your local Postal Inspector could do a internal USPS status check on his computer.
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<< <i>Still hoping the coin shows up... How long has it been M.I.A.
it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This should have been mentioned in the OP. Coin is not lost.
Velocity, Not Valuation Defines A Bubble.
``https://ebay.us/m/KxolR5
<< <i>Help me out here, I just went to pcgs price guides, $80 in ms64 and $200 in ms65. I won't try to grade this one since I am no expert on them. But assuming it is undergraded for a moment and then adding 50% for the nice toning does equal $300, what the buyer I assume thought it was worth and thus insuring it for. I guess he was thinking why pay for insurance on $2k if the coin is only really worth $300.
Now in reality i don't know what they shoudl go for, typically pcgs is high for every coin that i collect but i don't know about this particular series. We all can think our coin is worth $100k but in the end our coin is only worth what it will sell for. Since you never sold the coin before how do you come up with $2k, I mean you can ask for anything under the sun but then you have to be realistic. The toning is nice but i don't want to hear about a 25X premium if ms65 or a 10x premium at ms65 in any case. >>
I came up with $2000 because its a fair price. Like i said above ive had numerous offers over $1200 and a few people who were in line after him at $1500. I have sometimes paid 30x what a coin is worth on sheet for the toning, so the whole idea about price guide goes out the window.
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<< <i>Still hoping the coin shows up... How long has it been M.I.A.
it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This should have been mentioned in the OP. Coin is not lost. >>
Coin is lost when even the PO cannot find it. They have looked for two days and have not located it.
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<< <i>Still hoping the coin shows up... How long has it been M.I.A.
it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This should have been mentioned in the OP. Coin is not lost. >>
Coin is lost when even the PO cannot find it. They have looked for two days and have not located it. >>
I wouldn't loose hope until your at 30 days.
Very good chance you'll get your coin.
IMHO, I have to agree with the "potential" buyer that you have greatly overestimated the value of the coin.
Velocity, Not Valuation Defines A Bubble.
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<< <i>Help me out here, I just went to pcgs price guides, $80 in ms64 and $200 in ms65. I won't try to grade this one since I am no expert on them. But assuming it is undergraded for a moment and then adding 50% for the nice toning does equal $300, what the buyer I assume thought it was worth and thus insuring it for. I guess he was thinking why pay for insurance on $2k if the coin is only really worth $300.
Now in reality i don't know what they shoudl go for, typically pcgs is high for every coin that i collect but i don't know about this particular series. We all can think our coin is worth $100k but in the end our coin is only worth what it will sell for. Since you never sold the coin before how do you come up with $2k, I mean you can ask for anything under the sun but then you have to be realistic. The toning is nice but i don't want to hear about a 25X premium if ms65 or a 10x premium at ms65 in any case. >>
I came up with $2000 because its a fair price. Like i said above ive had numerous offers over $1200 and a few people who were in line after him at $1500. I have sometimes paid 30x what a coin is worth on sheet for the toning, so the whole idea about price guide goes out the window. >>
I personally think this toning premium is nutso, but it doesn't matter what I think, it is your coin to sell for what you want. Obviously the knucklehead buyer was interested at $2k otherwise he wouldn't have asked to see it at that price. He agreed to see the coin for $2k, he was invoiced, and he unilaterally decided not to incure it for the agreed upon amount, heck even if he didn't agree with the amount, he is supposed to insure it for the invoice amount, that is the right thing to do. He didn't, so I still say he owes you the diff between what the usps pays you and the $2k. However I personally think you are dreaming that it is truly worth $2k or anywhere close to that amount, jmho. >>
well i guess we really will never know now.
<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment.
Velocity, Not Valuation Defines A Bubble.
Eric
<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?!
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<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment. >>
it was not for approval. Buyer made me wait for nearly 2 weeks while he tried selling some coins to come up with the rest of the money.
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<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?!
not late my good friend. MIA, post office it was supposedly delivered to has no knowledge of it and USPS on the phone gave me that whole "your on your own pal" speech
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<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment. >>
it was not for approval. Buyer made me wait for nearly 2 weeks while he tried selling some coins to come up with the rest of the money. >>
Then who has the money?
Velocity, Not Valuation Defines A Bubble.
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<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?!
not late my good friend. MIA, post office it was supposedly delivered to has no knowledge of it and USPS on the phone gave me that whole "your on your own pal" speech >>
How do you know it has even made it to this post office you speak of? If the package was untracked, how was it tracked to this post office?
Unless you have such tracking information, and unless you know for certain was tracked to the post office, then maybe it's a little premature to call it "lost" it might just be late.
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<< <i>The buyer is totally at fault and owes you the full amount. If you buy something for $2,000, then send it back and insure it for only $300 ... something smells fishy. >>
OP was dealing with a "potential" buyer and has not clarified if the coin was sent for approval/acceptance. If it was sent for approval, the potential buyer is at fault only for not properly insuring the return shipment. >>
it was not for approval. Buyer made me wait for nearly 2 weeks while he tried selling some coins to come up with the rest of the money. >>
Then who has the money? >>
he still has the money. He was going to send the remaining 90% balance one he received it. Then changed his mind.
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<< <i>it was suppose to show up either friday or yesterday i was told. It still hasnt shown up
This is about a package that is ONLY 1-2 DAYS LATE?! SERIOUSLY?!
not late my good friend. MIA, post office it was supposedly delivered to has no knowledge of it and USPS on the phone gave me that whole "your on your own pal" speech >>
How do you know it has even made it to this post office you speak of? If the package was untracked, how was it tracked to this post office?
Unless you have such tracking information, and unless you know for certain was tracked to the post office, then maybe it's a little premature to call it "lost" it might just be late. >>
i am not able to track it but the USPS employee should be able to. It was traced to my local PO, and they have no item available or any info on it.
<< <i>I just don't understand why he would insure it for $300. >>
Because he has now seen the coin, probably looked at the price guide, and knows he can't convince USPS it's worth more than $300 if it does reach an insurance claim. Only one so far to think it's worth more than $300 are the seller and someone who offered him four times the $300.
The only other explanation is he still has the coin and has no intention of returning it or completing payment.
Either way this a buyer that I would not want to deal with.
Velocity, Not Valuation Defines A Bubble.
<< <i>i am not able to track it but the USPS employee should be able to. It was traced to my local PO, and they have no item available or any info on it. >>
OK, so a postal employee has provided you with official tracking information and told you that it was tracked to the post office you speak of?
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<< <i>i am not able to track it but the USPS employee should be able to. It was traced to my local PO, and they have no item available or any info on it. >>
OK, so a postal employee has provided you with official tracking information and told you that it was tracked to the post office you speak of? >>
yes, then i get there and they have no clue where it is or when it came in. Basically told me to call up customer service.
<< <i>yes, then i get there and they have no clue where it is or when it came in. Basically told me to call up customer service. >>
There might still be hope. How many days has it been since the seller sent out the package? Even the USPS website says regular insured mail can take up to 21 days.
"Item mailed with Insurance
Please allow twenty-one (21) days from the date of mailing for your item to arrive. Using the Insurance label ID numbers, you can check the delivery status online via Track and Confirm on usps.com or you can obtain information by calling 1-800-222-1811. If the proper amount of time has passed and the item has not arrived, you may file a claim. For more information about filing an insurance claim, go to the Submitting a Domestic Insurance Claim FAQ."
Just because the clerk couldn't find it on demand at that moment doesn't mean it's necessarily lost altogether. I say be patient.
Also, did the buyer give you the tracking number for the USPS insurance ticket?