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1871 PEI 1 Cent Cancelled After Seller Realized Value

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New Member
Canada
31 Posts
 Posted 08/05/2014  08:56 am  Show Profile   Bookmark this reply Add Davidwriter to your friends list Get a Link to this Reply
Sorry, Jsabatke. I have seen several live auctions where there has been active bidding that stopped well short of the real value of an item and the auctioneer has refused to sell the item. These were auctions without reserves and with very reputable and knowledgeable auctioneers. It's not common but it does happen.
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JSabatke's Avatar
United States
114 Posts
 Posted 08/05/2014  4:21 pm  Show Profile   Bookmark this reply Add JSabatke to your friends list Get a Link to this Reply
He responded to my $200 offer saying "Thank you, but I will proceed with grading and relist it on ebay." Oh well. I basically have to accept it is what it is, but for those who think I'm unfair for thinking the listing shouldn't have been pulled, all I can say is that his original listing was:

"1871 Canada Victoria Prince Edward Island Cent 1C Red Super High Grade Coin" He knew and listed exactly what he had.
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jdmern's Avatar
United States
1949 Posts
 Posted 08/05/2014  6:11 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
As others have said, other examples will come along, they are out there, I think I saw an MS67 Red that's going to be auctioned later this month in a catalog
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Domain555's Avatar
United States
1804 Posts
 Posted 08/05/2014  6:31 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
middledross


Quote:
Be a complete jerk and bid on the resisted item and say that you never got it. After you get refunded your money from paypal, send him the $16 you won the original auction for.



In Lawrence of Arabia, our hero told Sheriff he was a murderer. So Sheriff then took Laurence's compass.

Then Sheriff said you will die with out this compass.

To which Lawrence said Sheriff would be a thief.

Sheriff could not live with this guilt.

Sheriff returned compass.
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JSabatke's Avatar
United States
114 Posts
 Posted 08/05/2014  6:32 pm  Show Profile   Bookmark this reply Add JSabatke to your friends list Get a Link to this Reply
I'm not familiar with the other auctions that have been mentioned. I would be very grateful if someone would point me toward them. Thanks.
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Domain555's Avatar
United States
1804 Posts
 Posted 08/05/2014  6:39 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
Bobby131313


Quote:
That statement makes me sad I'm even a member of the same forum as you. That's disgusting.

Sorry guys and girls, but I'd have pulled it too. If the auction was finished when I realized it, I would have followed through, but when I'm still allowed to end the listing? I'm ending it.

This listing could have just as easily been the subject of one of the many... "This coin needs to be put in a slab before selling on ebay" topics that get started here. Well maybe he got an email to that effect and agreed. I don't see it as a big deal as long as the seller doesn't do it all the time.


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middross's Avatar
Canada
695 Posts
 Posted 08/05/2014  7:00 pm  Show Profile   Bookmark this reply Add middross to your friends list Get a Link to this Reply
I have already stated my apologies, and explained that I misunderstood the op in that I thought the auction had been completed. I would never suggest that someone do this because the seller ended an auction early (as it is their right to do so). That is all that I will say on this, if you would like to continue to tell me what an evil person that I am, go right ahead and enjoy yourself.
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JSabatke's Avatar
United States
114 Posts
 Posted 08/05/2014  7:02 pm  Show Profile   Bookmark this reply Add JSabatke to your friends list Get a Link to this Reply
That quote is taken a bit out of context. I didn't write it, but it was in response to the suggestion to buy the coin, then claim it wasn't delivered, then send the seller a lesser amount. I don't think most people would find that against their personal ethics to do.

I kind of have a problem with "it's OK to do as long as he doesn't do it too often." If it's not OK to do all the time, then it strikes me as something that's not OK to do. It's like saying "it's OK to break the law, just don't make a habit of it."
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jdmern's Avatar
United States
1949 Posts
 Posted 08/05/2014  7:08 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
JSabatke:

There is an MS67 Red ICCS Lot #1214

http://tcnccoins.com/PDF%20Files/20...y%20rcna.pdf


That's the auction catalog for the August RCNA Auction

Here are also some links from other auctions which have sold higher grade 1871's on the last couple of years:

An MS65 RB (NGC) sold for $300 http://www.acsearch.info/search.html?id=1044752

An MS66 Red (NGC) sold for $1200 http://www.acsearch.info/search.html?id=1831012





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Domain555's Avatar
United States
1804 Posts
 Posted 08/05/2014  7:13 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
middross


Quote:
I have already stated my apologies, and explained that I misunderstood the op in that I thought the auction had been completed. I would never suggest that someone do this because the seller ended an auction early (as it is their right to do so). That is all that I will say on this, if you would like to continue to tell me what an evil person that I am, go right ahead and enjoy yourself.


All the world loves a man who can own up to life's situations.

May I please ask for your forgiveness.

I only read your first post and then I stomped into rage.

You are a good man.

Again, please forgive my rush to judgement.

Some one wiser than me once said a tongue can do great harm.

My tongue is guilty and awful

Please forget this whole thread, have a nice dinner tonight.

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JSabatke's Avatar
United States
114 Posts
 Posted 08/05/2014  7:28 pm  Show Profile   Bookmark this reply Add JSabatke to your friends list Get a Link to this Reply
JDMern - Those are ALL absolutely gorgeous coins, even the one in my price range that sold for $300. I'm probably looking for anything from a nice AU55 on up to whatever MS I can afford. Other than ebay, I'm not really sure how to keep looking for those, so any advice on how do do this kind of searching would be really appreciated. I know I can't depend on anyone to hold my hand here to the point of letting me know when they see one, and I haven't heard of most of these auctions. I really need to get out of the world of ebay and step in the world of other auctions, especially reputable online ones. I'll look around on this forum to see if there's a resources section where I can find info myself, and if there would be any others that anyone here would know about, I would be forever grateful to learn about them. Thanks so much! BTW, other than having a childhood trip to PEI from Wisconsin to visit relatives (3 days on a train with fighting siblings each way) and enjoying the beauty of the sea and coast, etc., I also think this is one of the most beautiful coins I've ever come across when the leaves are reasonable well defined.
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middross's Avatar
Canada
695 Posts
 Posted 08/05/2014  7:37 pm  Show Profile   Bookmark this reply Add middross to your friends list Get a Link to this Reply
Domain555, all is forgiven. I had a feeling that my apology had not been read before you posted. I have already had a good dinner albeit at work. Enjoy your night and don't feel guilty as I'm positive that I have made a similar mistake at least once in my life.
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jdmern's Avatar
United States
1949 Posts
 Posted 08/05/2014  7:42 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
It is quite a beautiful coin, I had an UNC that was more brown than red that I sold a while back, I would personally suggest to pay attention to the auctions on Heritage http://coins.ha.com/world-and-ancie...world-121913 there will be examples that come through there, plus it is certainly worthwhile to sign up with them, it's a great way to check out past auction results in there archive...

There will also be examples that come through ebay, just do a saved search and you will be able to see when new examples under your saved search are listed...

One of the biggest thing's I've learned with coins is patience. Every single time I have wanted a specific coin, either to complete a set or because I saw a coin I had never seen before and loved the design, I've ended up either overpaying or not being happy with the quality of the coin I ended up with. Sometimes the right coin for your set just is not available at the time you want it. Just sock the money you were going to drop on it away and wait til the right coin does come along.

Who knows, maybe this coin you that you wanted gets sent in to get graded, comes back a 64/65 RB, goes back up on ebay, and you pick it up for less than the $200 you offered. Believe me, I've seen stranger things happen in ebay auctions...
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JSabatke's Avatar
United States
114 Posts
 Posted 08/05/2014  8:03 pm  Show Profile   Bookmark this reply Add JSabatke to your friends list Get a Link to this Reply
Thanks jdmern. That's all great advice. I actually have had a saved search for some time now. My eyes got really big when I saw this one because most of the ones that come through the search are pretty poor specimens, and generally priced accordingly, and a good number of them are so badly photographed that there's no way I would ever take a chance on them, I mean, who would bid on a black coin that shows no details except whatever is reflecting off the cellophane. I'm kicking myself because I've let a couple go really cheap, around the $50-$60 range that are MS or very close. Live and learn.

And, you are right. I've lived long enough to know that you never know how things are going to work out in the long run. It's a bit ironic that the "one" coin I need to finish the collection is the "only" coin in the collection (laughing).

Thanks so much.
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SPP-Ottawa's Avatar
Canada
10463 Posts
 Posted 08/05/2014  10:58 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
The seller was well within his rights to end the auction early. Keep looking you will find one of these with the right look at the right price as they are around and readily available in mint state. There was a decent hoard uncovered by a major dealer in Canadian coins in the 1970's.


These coins were struck at the Heaton Mint, but without the mint mark. The hoard you speak of was the famous 'Heaton Hoard'...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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