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 Replies: 17 / Views: 3,090 |
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Pillar of the Community
United States
7375 Posts |
Was really looking forward to bidding on a coin. So I was cleaning out my Watch List, and noticed that the auction had ended. When I checked the listing it said the usual, "listing ended because item is no longer available."  OK, maybe something DID happen, but I always smell a rat. I did contact the seller to say how much I was looking forward to bidding on that coin  There's something to be said for always throwing a first token bid on something. It ends any BIN option, and it makes the auction semi-legit at that point. |
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Pillar of the Community
Canada
838 Posts |
 And it's not a bad idea to place a token bid, especially if it's well below what you'd pay. |
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Bedrock of the Community
13014 Posts |
If there were no bids on it with a lot of time left they probably sold it somewhere else. A lot of sellers have stores or sell on other places too. The fishy ones are the ones ended on the last day where it looks like they got worried the price would stay to low.
The token bid does have some pluses. If the bin is around where you expect it to end anyway its not the worst idea to just go ahead and snag it. I've done it before on things that dont appear to often not wanting to risk it.
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Valued Member
Canada
129 Posts |
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Pillar of the Community
 United States
7375 Posts |
Yeah, I'm kicking myself. Yes, agreed, if the token bid is low and no danger of paying too much! In this case the opening bid was $99 on a $300+ coin. Shoulda done it. Oh well, live and learn. Seller probably would have endend it anyway, but at least I'd have the pleasure of bring REALLY offended  |
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Pillar of the Community
 United States
4596 Posts |
A lot of dealers do that, in fact I asked one at a show a couple months back, "what does the blue dot mean" "Oh, that means it's listed on ebay". Now he is an heck of a guy and it wouldn't surprise me that if things quiet down he pulls the listings for what has already sold, but this is all he does - no LCS, just ebay and shows. And he can't afford to have half his inventory unavailable in either venue. And he has a huge inventory that turns over quickly. As a small plug: safe_rev and safe_rev_7 for the better stuff. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Valued Member
United States
55 Posts |
It probably means that someone contacted them and offered them a price somewhere between the starting price and the BIN. You can't set up auctions to accept offers so the only way is to end the listing and relist as a fixed price to accept offers. It happens a lot and I personally don't see anything wrong with it. As stated before, if you are interested just make a token bid at the starting price and the seller can't do anything. It also lets the buyers know that there is no point contacting the seller with an offer.
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Moderator
 United States
16679 Posts |
I sell on ebay and have an ecrater store and some of my coins are listed simultaneously. Whatever one sells first, I pull the other one. swcoin.ecrater.com
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Pillar of the Community
United States
7375 Posts |
OK, I can understand having something lised for a fixed price in more than one place. That's perfectly ok....first come first serve. But, IMO, if something is a true auction then it should stay that way. The seller actually responded to my message and stated that he just didn't like the way the auction was going so he pulled it because he thought the coin was worth more than what he thought it would sell for. I can't believe he actually told me that. I don't agree at all with what he did. A simple reserve would have protected him. Maybe I'm just angry because I wanted the coin  mad eddie |
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Pillar of the Community
United States
7840 Posts |
A reserve set auction has an additional fee, but covers you assets.
Edited by oih82w8
01/27/2014 12:24 pm
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Pillar of the Community
United States
7375 Posts |
Yes, it's a $3 fee and cheap insurance at that, to protect hundreds or thousands.
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Pillar of the Community
United States
7840 Posts |
A reserve set auction has an additional fee.
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Moderator
United States
16679 Posts |
I agree Ed. An auction should stay an auction. This same thing has happened to me before. Makes you upset.
swcoin.ecrater.com
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Moderator
United States
23522 Posts |
Quote:
There's something to be said for always throwing a first token bid on something. It ends any BIN option, and it makes the auction semi-legit at that point.
Of everything I dislike about ebay, this may be the one thing I dislike the most. It makes BIN's irrelevant. |
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Pillar of the Community
United States
500 Posts |
I have no problem if a seller has the same coin listed BIN on several sights ( maybe including their own ) and then sells it on one and pulls it from all others. But as you say, having it listed on several and then doing an ebay auction is not right. Nor is pulling it because you didn't set your min/starting high enough! I am not a fan of reserves because that gets abused and absurd by too many on ebay. But "start" the auction at your reserve/minimum! Don't cheat by starting it lower and then pulling it if you think you're going to be sniped. IMO that is unethical and a cheat. Just as withdrawing a bid, or not paying for an item won, for buyer's remorse is as well. IMO, you do either you should be banned. |
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Pillar of the Community
United States
7375 Posts |
Quote:Of everything I dislike about ebay, this may be the one thing I dislike the most. It makes BIN's irrelevant. Dave, there is something to be said for that. Many times I've thought that if someone wants to pay the BIN price at anytime, they should be allowed to do so. Obviously, as long as it's higher than the current bid. |
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Replies: 17 / Views: 3,090 |
Posted 01/27/2014 02:54 am
