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 Replies: 25 / Views: 3,797 |
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Pillar of the Community
Canada
3733 Posts |
So I bought this auction and received it today, and yes I realize the seller , didn't show a photo of the reverse of the coins, but obviously they were all pre-1937.. so I asked before hand if I could know the dates, he wrote back no key dates..at this point I am still ok with the auction..from the photo provided I assumed that the dates would be all legible.. so I got the coins today, and over 1/3 of them have no date at all, plus a few are damaged.. I paid well over spot for them, almost 2$ each over spot.. and I am not happy with my results..\ so my question is simple..i knew there was no homerun coins here , but was I expecting to much to be able to at least see the dates on all coins.. because now I have 20 coins that are now worth melt at best.. so to be right up front the coins I paid almost 9$ each for I was hoping to sell for 12-14$..now that will never happen..\ what to you all think.. here is the actual action to check " 291827444304" thanks in advance.. and yes I have contacted the seller about my disappointment.  |
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Pillar of the Community
Canada
1621 Posts |
I would just ask the seller if you can return them, based on what you described above (were hoping for at least legible dates). Sellers are almost always ok with returns as long as you are polite and offer a reason as to why. If not, you can always request a return through ebay... Edited by johnnysprawl
08/08/2016 8:46 pm
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Pillar of the Community
 Canada
3733 Posts |
he does have a no return policy, but that doesn't really mean much as these are not sold as bullion.
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Pillar of the Community
Canada
5324 Posts |
It will cost you around 30.00 just to return ship the product, chalk it up to a bad buy, wait for bullion to increase a couple more bucks.
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Pillar of the Community
Canada
2781 Posts |
You could ask nicely if he will accept a return & hope for the best, however, you admit knowingly bidding only seeing one side of the coins, and that there was "no returns". Hate to say it, but since you asked, I would say they're your coins now. You could probably get ebay on your side (they typically side with buyers regardless of the situation) if you kick up enough fuss, but IMHO that's just not a cool thing to do to a seller who fulfilled his end of the contract. |
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Pillar of the Community
Canada
3733 Posts |
but I don't think he filled his end of the contract when I asked about the dates, he responded no key dates.. not 20 are dateless..
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Valued Member
Canada
234 Posts |
Unfortunately the fact that there were so many dateless halves in the mix is probably the reason why he did not provide a picture of the obverse sides. The seller was just trying to get a bit more than bullion for the coins. Keep in mind the change in silver content for halves before 1920, the King Edward halves are .925 silver and worth about $9 CAD each as bullion whereas the King George ones are worth a minimum of $7.80 as bullion. Therefore the lot as bullion value should have sold as $480 CAD, leaving the $530 you paid just under $1 over spot per coin. Any of the King George halves that can be dated before 1920 just adds to your bullion value. Overall I don't think you overpaid for them, and if the intent was to resell them I think you could easily break even or possibly make a small profit on them without the price of silver changing. However selling the coins individually could take a lot of time/effort for potentially a small gain so you could try a return first and if that falls through sell the ones have legible dates for a small profit, try to recoup the $50 difference and hold on to the dateless ones as bullion and wait for the price of silver to increase to a point where you are happy with the potential profits you would receive.
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Pillar of the Community
Canada
3049 Posts |
 You asked about the dates.. and he said no key dates.. but you didn't ask for photos of the other side of the coin... Based on what you could see from the pictures I think you should chalk it up as a learning lesson or before the seller ships see if you can already return it.... |
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Pillar of the Community
Australia
7096 Posts |
I cant see a problem here. You bid on a "Bullion" lot that was contested by 6 other bidders and you got the coins at a reasonable price. Just because you cant make a 25% mark-up by flipping these is NO reason to instigate a return, You got what you paid for  |
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Valued Member
United States
123 Posts |
Yes -- in my opinion you took a risk here that didn't pan out. I don't see anything that warrants being upset with the seller.
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Pillar of the Community
Canada
3733 Posts |
my thought was as the photo shows nice looking coins that the dates would be at least readable.. not completely washed out.. ohh well.
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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
54282 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
5395 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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Replies: 25 / Views: 3,797 |
Posted 08/08/2016 8:52 pm
