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 Replies: 25 / Views: 3,804 |
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Pillar of the Community
Canada
1505 Posts |
I agree with the lesson learned, buyer completed their end of the agreement and most importantly, did not lie. Looking at this lot, I see bullion value silver with potential for some upside. Mediocre pictures are always a warning sign, especially when it they are attached to a high value lot. Sometimes you win, sometimes you don't, we have all been there. To punish the seller with a ebay request for refund or negative feedback would not be appropriate in my opinion. While they don't have great listing practices, nothing in their listing indicates an intent to deceive, junk silver is not something I would put a lot of effort into. I would take this as a lesson learned and see it as a cost of doing business. |
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Pillar of the Community
Australia
7096 Posts |
With Silver being in an uptrend these will turn out to be "Winners" anyway as the spot price increases  |
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Moderator
 United States
54283 Posts |
You wrote "so my question is simple", but I never saw a question posted.
If your question is "Am I justified asking for a refund based on MY UNFOUNDED EXPECTATIONS that the lot would be better than what I received, and my DISAPPOINTMENT that I can't sell them immediately for 25%-55% profit"?
My answer would be "NO".
The seller did not show the reverse of the coins, but you didn't ask for such a photo. The description reads "Various grades".
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
Canada
5404 Posts |
When you buy a coin lot from a lower feedback seller with only a single picture and a dodgy description along with a rather deceptive email response, you sort of reap what you sow. Just be thankful it did not cost you more. As to asking for a return or leaving neg or neutral feedback , I would say no. There should be a lot stiffer requirements from ebay for coin sellers. A start would be at least clear pictures of both sides and a full disclosure and description , with at least a 14 day return privilege. IMHO |
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Rest in Peace
United States
2668 Posts |
Honest, I didn't read the thread.
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Valued Member
Canada
320 Posts |
Quote:
Honest, I didn't read the thread Thanks for stopping by. |
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Pillar of the Community
Canada
2495 Posts |
Keep them....silver's going way up soon.
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Valued Member
165 Posts |
Wait for the silver prices to go up and make your profit. I don't think the seller did anything wrong here, these are your coins now.
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Pillar of the Community
Canada
2632 Posts |
I think you'll be ok in the long run just put them somewhere for now and move on.
Lets face it if the price of silver goes much lower we might as well use it to mint coins...lol..it will rebound in time.
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Bedrock of the Community
Canada
21640 Posts |
The only thing I can see wrong with the listing is that the seller did not as per ebay policy provide "Listing to include photos of both front and back". You would have been within your right to ask for a photo of the reverse. I have on a couple of occasions and if the seller refuses, I just move on. |
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Moderator
United States
54283 Posts |
Quote:
Lets face it if the price of silver goes much lower we might as well use it to mint coins...lol..it will rebound in time. Well, silver is UP over 28% in the last six months. OK, so a 90% silver Washington quarter has $3.59 worth of silver in it. That is about 14 times face. To be able to mint 90% silver coins again, where there is less silver in the coin than the coin's face value silver would have to decline to --- under $1.50 per ounce. To calculate yourself, A 90% silver quarter has 0.1808479 troy ounce of pure silver. Max price per ounce = face value of coin / troy ounces in coin Max price per ounce = .25 / .1808479 Max price per ounce = $1.38 When silver exceeds $1.38 per ounce, then there is more value in silver than the face value of a US quarter dollar. When silver exceeded $1.29 the government decided to quit making 90% silver coins. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Valued Member
United States
73 Posts |
I think you got a lot of good advise on this thread. The only thing I would add is in the future establish price only on what you know for sure. In this case you did not see the reverse so assume they are in terrible shape and with not seeing the date assume they are missing.
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Pillar of the Community
Canada
2632 Posts |
@ nss-52 I'm well aware of that, my comment was intended as a joke to lighten up the mood of the OP. I myself have made 2 regrettable purchases in the past both times I should have asked the seller for more info or pics...anyway I learned my lesson too so I know what it feels like.
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Pillar of the Community
Canada
867 Posts |
There is nothing to suggest that these coins were being offered in a condition OTHER than one that screams "melt value"
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Pillar of the Community
 Canada
3733 Posts |
worked it out with the seller , without getting upset, and he agreed, photo of the reverse should have been included..
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Posted 08/08/2016 10:53 pm
