What Do I Do? Any Thoughts?

Avoid ebay, there are plenty of online dealers that are trustworthy.

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His negative feedback is minimal

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One in February, two in April, one at the end of May.......Some others with mutual withdraws for "item not sent". Enough red to make me stay away even with the deal of the century. Sorry.

The advice on what to do given previously sounds pretty darn good. Keep in mind, the whole dispute part of ebay and Paypal never goes as fast as you want it to. I've been through it, and I certainly didn't get my money back the next day....

send it back with DC and make him sign for it and you will have all the proof you will need for paypal. and with your very good feedback if you word your response correctly nobody will fault you for getting a red dot on your page. I would wear that one with honor. but dont let him get away with it. but from now on only use a credit card when buying on ebay. you are very lucky that it only now got you. I learned that lesson in my first year. my red dot is also retaliatory feedback I gave a neg so I got one. no problem.
Good luck
Gary too

It just sickens me to see this calls himself Tar Heel.
Why does he have to bring the rest of us down with him?

If he has said that he would accept the return, I'd go ahead and send it back to him with signature confirmation. Save all correspondence with the seller, especially the one authorizing you to return the set.

If you do not hear from him within 24 hours of receipt, I'd email him. If he doesn't respond within 3 days, I'd then file a complaint with ebay.

For what it's worth, and this is just to help you out, the two most recent negative feedback comments had to do with incorrectly represented coins which is huge. I'd bid on an auction from a seller with 5 negs for non-shipment before I'd bid on an auction with 2 negs for misrepresentation. This says to me that there were probably a lot more that were misrepresented but were never returned. Also, a fair amount of his buyers have few feedback indicating that they are relatively new to ebay or at least have not had many transactions. These buyers may not have known the procedure or were not astute enough to know that their purchases were misrepresented. Given his feedback, I think he's going to want to make good on this sale to avoid a negative. A buyer can pretty much get as many negatives as they want without being affected if they snipe auctions, but a seller is hurt by each and every one. Give him a chance to refund your money. I think it will work out. I also just noticed that he has 13 mutually withdrawn ratings. This makes me think he will honor the return. I'm sure that similar things have happened with the withdrawn ratings, though I did not go through and read the comments.

While I know that a lot of people have decided simply not to buy on ebay, there are many good deals to be had if you shop wisely. It is important, even with 100% positive feedback sellers, to scan through the feedback comments. People often leave negative comments in the guise of a positive feedback due to fear of retaliation. It is also very important to see what any negatives were for and whether they were as a buyer or a seller.

Normally, the fact that you used Paypal would have been enough to protect you. I was not aware that you could not file a claim for misrepresentation if you filed one for non-receipt. Knowing this, if I ever have to file for non-receipt, I will state that I simply want a refund and will not accept shipment of the item at that time. It really makes no sense that you can't do both, but we all have to work within the same rules.

For general info on this topic:

I had a non-shipment for over $300 a few years ago, at time of purchase seller had 100% pos. feedback, than started ripping people off.

SOLUTION: Go online to your state's homepage and locate the state attorney general, mine (Texas) has a link to consumer fruad, go there and download a consumer fraud complaint form, fill out and send one to state attorney general, copy to police dept where seller is, and copy to seller. I got my refund in just a few days.