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 Replies: 18 / Views: 4,304 |
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Pillar of the Community
United States
1208 Posts |
I have been watching a nice looking coin on ebay. It has been auctioned a few times, but never got even close to reserve I am sure. The BIN is roughly $200, the bid starts at $.99, and there IS a reserve. This is the pattern each time it goes to auction. However, at the end of each week, this $200 coin only gets to about $40. Just like before, there were about 6 bidders total. I think I got to $37 this time... Anyway, I get an email from the seller this time. He chews me out for bidding so low on a "LEGITIMATE $200 coin"! I couldn't believe it! Everyone knows that any activity on an auction is a good thing. Activity begets activity. Also, even if the coin is worth $200 in a book somewhere, I always say that something is only worth what someone will give you for it. Apparently this dealer was upset that his coin is not worth what the books say, and he is taking it out on a bidder, or bidders. Anyway, just wanted to pass that along and maybe vent a bit. Dave |
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Moderator
 United States
6563 Posts |
Curious as to what the coin is. But if you don't wanna post the link that's understandable
I wonder if he knows that the simple fact of having a Reserve turns people off from an auction. If I see a BIN at $200 I am Assuming the Reserve is around $175-$185 and I won't even waste my time
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Pillar of the Community
 United States
1208 Posts |
Quote:
Just a thought... you see a **** LEGITIMATE graded
***** ***** worth almost $200 and you bid 30 something?
Please save us both the time and do not bid on further
coins! You really gotta wonder sometimes! This is what I get for driving up the bid... He says "graded", yet the coin is raw, and in his auction he makes one of these "look at the pics and grade it for yourself" statements that are so common on raw coin auctions where the seller tries to disconnect himself from any responsibility of the coin's condition. Anyway, I edited out the date, mint, and coin type... So as to keep my options open on future auctions as the BIN keeps going down-down on this coin. Sorry.  |
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Pillar of the Community
United States
1208 Posts |
Here is my response. I was trying to be nice. I don't want to burn a bridge with this dealer. He seems to have a very good reputation, and he is probably just having a bad day and venting because he keeps auctioning this coin and it isn't getting anywhere. You think I was diplomatic enough? Or should I have burned this bridge to the ground?  Quote:
Sir,
Sorry for bidding.
I don't know how much a particular coin 'books' for.
I just bid how I like on what I like.
I don't understand why it bothers you though.
I figure you would be okay with someone out there bumping
up the bid. I do it all the time... sometimes I decide to
bump higher and higher, and pass reserve, sometimes I don't
hit reserve and still get a second chance offer, sometimes
I do it to watch a nice coin and stew on it.
I apologize if you don't like that and if you like I won't
bump your coins anymore. Activity on an auction breeds
activity though, so you might think twice about feeling
offended.
Thanks for your thoughts.
Dave |
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Bedrock of the Community
United States
14454 Posts |
well if he sent you that message he may have stopped you himself by blocking you from ever bidding again on any of his items. I don't think I would worry about buying anything from this seller even if the BIN kept going down because if they have that kind of attitude I wouldn't want to do business with them anyway
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Pillar of the Community
United States
860 Posts |
Haven't seen this on ebay for several years. When old time dealers first started on ebay, it was though their manhood was being questioned, and many didn't understand the process. They were probably the ones some of us meet at shows that makes a real scene when you make a lesser offer on a coin. Coinbully is what he is. Jim |
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Pillar of the Community
United States
5318 Posts |
 That seller has no business to comment on your valuation. If nobody pays his precious reserve, then that's his problem,  |
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Pillar of the Community
Australia
2830 Posts |
G'day, I find that people like this are very difficult to deal with at every stage. They never like your mode of payment; you're never quick enough; if you ask for "combined postage", you may as well abduct his children. So, if sellers are rude or unreasonable at the early stages, I never bid. I wouldn't have wasted my time with the reply tou sent, and I wouldn't bid again.
That said, the vast majority of sellers are sensible people, who understand the process and its context.
I've never sold on the'bay, but I thought the seller's fees were minimized in a NR auction, so by having a reserve, he has to pay, even although it doesn't sell - perhaps I'm wrong about that. But I thouggh that the'bay was structured to encourage realistic sellers, and to make unrealistic ones pay for clogging up the system.
At the end of the day, it sounds like the bottom line is that this seller doesn't want to part with his coin.
Peter in Oz
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Valued Member
United States
112 Posts |
I have to agree with what some others have said. First, he had no business being angry at any bid that you placed. He started the auction at 99 cents, if you bid over that then it's legitimate. As far as reserves are concerned, if I see a reserve is on an auction I generally stay away. I am an active buyer and seller on ebay. I never have a reserve on any of my auctions, if I have a minimum price I want for an item, I start it there. Sometimes that makes my posting fee a little more, but for me it's worth knowing that if someone bids then it will sell. |
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Rest in Peace
United States
2668 Posts |
Very eloquent reply. I have gotten nasty notes, a long time ago, from other bidders on comic books. Kids with limited budgets, the water gets rough. Comic Books is the one thing I have learned not to buy on-line. the boxes always, as in over 80% of the time, get broken open and up to 3/4s lost in shipment.  |
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Pillar of the Community
United States
2797 Posts |
It's another by-product of our electronic age. No one would dare do this in a face-to-face transaction ... at least not when I was in the retail field many moons ago. The electrons have made it very impersonal and harder for offenders to suffer from their transgressions. Blow someone off and there are millions behind them waiting to take their place ... all with no knowledge of what just transpired. Your only remedy is to vent here and on other coin forums to out this dirtbag. If I knew who the seller was, I would join the boycott.
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Pillar of the Community
United States
1208 Posts |
Due to popular demand... eBay ID: nicbidsaka: Nick's Coins and Collectibles Warren, Michigan The coin in question is an 1868 Shield nickel. It's a nice coin without a doubt. I wouldn't have watched it so long and put bids on it otherwise. The seller grades it as "MS-63". I am undecided on the "MS" part... However the "63" is bunk. If it is MS, the strike is WAY too weak for a 63! Check this thread in the grading forum for LOTS of close up pics: https://goccf.com/t/34091The auction, or at least the latest of several: http://cgi.ebay.com/ws/eBayISAPI.dl...0705948&rd=1The seller is getting the $200 value from the idea that the coin is MS63. I concour with most on the grading forum that it is an XF range coin. This puts the book value at around $60. SURPRISE-SURPRISE! $60 book value translates to $40 something real value! Right where the auctions end. Quote:
"Something is only worth what someone will pay for it!" The BIN is down from the original $200 to around $182 now. When it gets to $70, I might pay a premium because I do like something about the coin. |
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Pillar of the Community
United States
5318 Posts |
Maybe it's just a weak strike, but I'm also seeing some wear on elements of the shield. I'm hardly an expert here, but it strikes me more as a good AU. |
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Pillar of the Community
United States
1208 Posts |
Kurt
I think once the rim is dented, 7 o'clock shield side,
it is knocked out of the AU realm. I am settling on
XF 40 myself.
It would be interesting to see the PCGS label on this one.
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Pillar of the Community
United States
5318 Posts |
Oh yeah...I see that now! Oops! One word describes this seller: hopeful [i] Edited by KurtS
08/12/2008 4:09 pm
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Rest in Peace
United States
5375 Posts |
I recently got a rude guy when I asked about the return policy. he gave me a vague answer and when I asked more questions became quite rude, I guess he wanted uneducated sheep to bid because his coin had problems...
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Replies: 18 / Views: 4,304 |
Posted 08/10/2008 01:23 am
