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Liberty Nickels. Was It A Good Buy?

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SJUHawks's Avatar
United States
383 Posts
 Posted 06/17/2009  2:32 pm  Show Profile   Bookmark this reply Add SJUHawks to your friends list Get a Link to this Reply

Quote:
If a retail store runs an ad for cokes for $0.29 a 2 litter when it should have been $1.29 a 2 litter... the store will sell the 2 litters for $0.29 even though it is at a loss.

This is absolutely not true. Stores put signs up all of the time stating something along the lines of, "Oops...we made an error in our weekly ad" and then state the real price.

Also, there's a federal regulation that I learned about in business ethics in college that states something to the effect of 'if a reasonable person can deduce that the ad is clearly a mistake, than the seller is not obligated to sell that item for that price.'

This is something more along the lines of listing a car for $359.99 instead of $35,999. While your soda example has a small bit of merit, as a reasonable person might assume that this is simply their weekly loss-leader to just get bodies into the store to buy the rest of their groceries, it's still a bit too far off the normal low soda is ever sold for, so a 'reasonable' person would have to assume that the price is incorrect.
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sfwusc's Avatar
United States
615 Posts
 Posted 06/17/2009  2:51 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list Get a Link to this Reply
SJU you are right on the UCC being like that for a listed price in most states. This was an auction so that isn't the case. So there was no mistake in listing the item. There was a mistake in the price didn't go high enough for the seller. The seller stated he wrote everything for 10 rolls. What if the price on the auction had been $200. Would he still have only send one roll? It seems like a lot of bidders didn't bid because they were confused. The winner thought they were bidding on all 10 rolls.

If I list a $50 bag of wheats, that only sells for $125... can I only ship $25 of the wheats saying I meant to only sell $25 bag.. not $50 bag. My bad.

I think the seller was upset at the low price and his mistake getting a low price for his poor wording.

The only reason people thought it was for just one roll was the price. That is it... nothing in the wording saying 1 roll. The listing was up for how many days? I mean he could have fixed it, but didn't.

I still think the listing was for 10 rolls and the seller was just upset it didn't end near market prices.

I am not going change anyone opinion of this, but I really think the seller is less than honest.

http://cgi.ebay.com/Roll-of-Common-...od_W0QQitemZ360154464512QQcmdZViewItemQQptZCoins_US_Individual?hash=item53dae10100&_trksid=p3911.c0.m14&_trkparms=65:12|66:2|39:1|72:1205|240:1318|301:0|293:1|294:50

He does a good job of saying it is one roll when it is just one roll. That auction was for 10 rolls and he just didn't want to sell it for such a low price.

-SWUSC
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wetglaswegian's Avatar
United States
917 Posts
 Posted 06/17/2009  3:12 pm  Show Profile   Bookmark this reply Add wetglaswegian to your friends list Get a Link to this Reply
What would it take for some people to accept the guy made an honest mistake ?
One look at his feedback clearly indicates he is an upright guy.If he wasnt sincere why would he come to the forum,join,and put his position forward on the situation?
There is a lot of dishonesty and insincereity all about this thread , none of it from the seller.
This highlights how a buyer can hold a seller to ransom over feedback.
Valued Member
SJUHawks's Avatar
United States
383 Posts
 Posted 06/17/2009  3:45 pm  Show Profile   Bookmark this reply Add SJUHawks to your friends list Get a Link to this Reply
sfwusc, I see your point, and can't say I disagree too much. As was said before:

1. an e-mail to the seller could have cleared this all up.
2. if it was for all 10 rolls, it went below face value, which should have been the first sign to the buyer
and lastly,
3. it's still not a bad price at all for a roll, which I do understand isn't the point
Rest in Peace
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jgfindring's Avatar
United States
1380 Posts
 Posted 06/17/2009  3:53 pm  Show Profile   Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
As the first one to point out that the auction was probably for only one roll, I did so because it jumped out at me that this was likely what the seller meant, but was sloppy enough in his description that I could easily see how Paul could think the auction was for ten rolls. I've made the same mistake as Paul and have learned to read more carefully. I've also made the seller's mistake thinking something was perfectly clear and upon rereading my description days later realizing I left out something important. I long ago learned that if you attribute something like this to carelessness or incompetence rather than malicious intent, you will be right most of the time.
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ratman4762's Avatar
United States
2521 Posts
 Posted 06/17/2009  5:19 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
I'm leaning towards this was an honest mistake by the seller! However, that being said...Paul was under the assumption when he bid that he was getting 10 rolls. The wording in the auction was deceptive, even if unintentional. However, this is something that needs to be hashed out between buyer and seller. And as to that holding feedback hostage thing....I've had sellers hold my feedback hostage until they received my feedback. I have also done some selling, and I leave feedback immediately after payment was received.
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mycrob's Avatar
United States
2602 Posts
 Posted 06/17/2009  5:31 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
SWFUSC: I'm surprised that you aren't a bit more forgiving. The seller made a mistake, admits it publically here in the forum and you still don't forgive the error? The seller's intentions, after posting here, are clear. He made a "bonehead" mistake by copying and re-using his ad. He did not have intentions to mislead anyone; he made an honest mistake. All people, including yourself, make mistakes. Life would be so much more pleasureable if people were willing to be more forgiving of each other's mistakes. PEACE.

At this point, no feedback is in order. Both buyer and seller made mistakes on this transaction and the seller can't leave a neutral. Seller is right that the buyer should have asked questions before bidding. Buyer is right that the ad was misleading. The only reasonable solution, as long as the buyer is happy with the coins at the price, is to not leave feedback at all. If the buyer is not happy, he has the right to ask for a full refund and the seller should accept a full refund and perhaps even offer to pay for return shipping since the auction wording was his mistake. This is only if the buyer isn't happy and wants to return the nickels. However, I would ahve loved to pick up 40 Liberty nickels for $19. It's a good deal, especially with the nice mix that was in there. My local coin store sells them for $1.25 each.
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wetglaswegian's Avatar
United States
917 Posts
 Posted 06/17/2009  6:05 pm  Show Profile   Bookmark this reply Add wetglaswegian to your friends list Get a Link to this Reply
You guys are right , if there was any doubt about what was being auctioned the thing to do would be message the seller rather than post his trader name on a forum to trash him when things didnt go as hoped.
Nobody in their right mind would have ever thought they were getting 10 rolls of Liberty nickels for under 20 bucks.If that were the case where were all the other bidders ? Probably messaging the seller to get a clear understanding on what was on offer.
Its like buying a fake gold coin in the hope its real and screaming bloody murder cos it isn't, you get what you pay for in this life and nowhere more so on ebay.
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ratman4762's Avatar
United States
2521 Posts
 Posted 06/17/2009  6:05 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply

Quote:
Both buyer and seller made mistakes on this transaction
I have to disagree with you on this one Mycrob. The auction was misleading. Paul was under the assumption that the auction was for 10 rolls. He placed a bid. If you are implying that his mistake was not contacting the seller before placing a bid...then you are wrong IMHO. The fact that he read that the auction was for 10 rolls, when in fact the seller stated he had 10 rolls, and never mentioned that the auction was only for one roll....Why would Paul contact the seller and ask questions? Could you imagine what it would be like for sellers if every potential bidder had to email the seller and ask questions to verify what the auction was for? Paul read the auction as 10 rolls of v-nickels. I don't see where he did anything wrong. Once again, I believe it was an honest mistake by the seller, but I don't see where Paul did anything wrong on the bidding end.
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wetglaswegian's Avatar
United States
917 Posts
 Posted 06/17/2009  6:09 pm  Show Profile   Bookmark this reply Add wetglaswegian to your friends list Get a Link to this Reply
You could be right Ratty that nothing was wrong in the bidding phase , what was wrong I think is to trash the guy on a forum when its clear there was a bit of "weaselness" on both sides if thats the choice of word.
Its over and done now , out of the two involved I know which one id trust.
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sfwusc's Avatar
United States
615 Posts
 Posted 06/17/2009  6:26 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list Get a Link to this Reply
I have been known to search the ending auctions looking for deals. I bought this lincoln collection one time for way way under market. I have no idea where all the other bidders were at. The seller keep dragging his feet about shipping it bc the price was so low. The seller agrees to sell what is listed at the final bid price... this seller isn't doing that. I think that is stealing. The auction was up for days with most people reading thinking it was 10 rolls in low condition. He listed 10 rolls, has 10 rolls, but doesn't want to sell them now bc the price is so low. That is his fault for being lazy, not sitting a higher min bid, and whatever else.

If you are selling something on ebay, then don't set the min bid under the lowest price you will take.

I will ask again, if it had gone for $200 instead of $20.... would the seller have shipped one roll or ten rolls? How do we know the auction wasn't for 10 rolls and for some weird reason there were no other bidders (like the lincoln collection above). The seller could be trying to pull a fast one and the rest of you are just saying oh it was a mistake. The words are clearly for 10 rolls (the seller said that himself). Why do we think 1 roll is fair?

Based on current ebay prices. $19 for a roll of V nickels isn't some great buy. here is one with Buffalo nickels that sold for $6. That is 15 cents each. Bulk sales like this don't go for single coin prices. I mean you can buy a common wheat for like 10-25 cents each at the local shop. That doesn't mean a $50 bag is worth $500-1250.

http://cgi.ebay.com/Full-roll-of-Bu...ad_W0QQitemZ320378422579QQcmdZViewItemQQptZCoins_US_Individual?hash=item4a980ac533&_trksid=p3286.c0.m14&_trkparms=65:13|66:2|39:1|240:1318|301:0|293:1|294:50


I don't believe the seller, so that is why I am being unforgiving. I think he is ticked the price was so low so he only shipped one roll. Seller do that.. if the price is to low they back out.

This is the same crap if the auction goes to high and you just return it due to buyers remorse. Oh, I got carried away, so I will just send it back. That is unfair and wrong too.

I think the buyer agrees to pay the final price and the seller agrees to shipped what was listed. If one party can't do their part, then negative feedback is required. It is only one negative feedback on a long track record.

-SFWUSC
Bedrock of the Community
United States
10284 Posts
 Posted 06/17/2009  6:46 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
In the past year, I sold through consignment on CCF.
( Thanks Bobby and Susan the seller )
I sold quite a few thousands of dollars worth of coins.
Every one of these auctions started out at .99 cents without a reserve.
The final bid is what they sold for.
Some went great, most were right on the money and a few I took a loss.
All in all I made money even after commissions on the whole bunch.
I didn't cry when they went cheap, I didn't feel bad when they went high.
The descriptions were always very clear about what was being sold and the images were fantastic.

I wish people would let this go, it is not going well as a family friendly topic.
I like people on both sides of opinion here that I have made friends with.
I would think further commenting will only have this topic being shut down and locked.

I can see both sides of the story, I learned a little about commenting on outside issues from other sites in here.
I think it might have been a mistake on somebody's end but the ends that need to argue this out are the seller and buyer.
I don't think it is any of my business.
I should have not commented at all on it, now that I look back. I apologize.
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manila galleon trade's Avatar
Spain
1361 Posts
 Posted 06/17/2009  7:42 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list Get a Link to this Reply

Quote:
Common Date Liberty nickel Rolls 19/20th Century Dates



Quote:
I will ask again, if it had gone for $200 instead of $20.... would the seller have shipped one roll or ten rolls?


this is obviously more than one roll, so as a buyer I will not ask a question that is obvious and could have placed a bigger bid. The seller said he made a mistake, I think he should offer a full or a partial refund or a free mailing as a good gesture that could make the buyer happy, but since the buyer is already happy with what he has then the seller is lucky, he gets away with his mistake.

The buyer has the right to demand the 10 rolls or a full refund including mailing both ways. And if he is mad he has the right to leave negative feedback, if seller does not refund.

As a buyer you have to communicate to the seller and give the seller a chance to correct a mistake.

As a seller you are responsible for your mistakes and a good gesture to make your customer happy is needed as one way of marketing your business. And making the customer happy could be one way of not getting the negative feeback.



Edited by manila galleon trade
06/17/2009 7:51 pm
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Napoleon31ft's Avatar
United States
528 Posts
 Posted 06/17/2009  7:43 pm  Show Profile   Bookmark this reply Add Napoleon31ft to your friends list Get a Link to this Reply
Thanks wheezydog.
I like this forum because everyone can get along and its a good place to go and learn.
At this point I think that everyone has learned as much as they are going to.
I dont really have an opinion to the story but It does not seem like that big of a deal. I'm not saying anyone is making it one. Lets just say that we have learned a thing or two and leave it at that. No need to point fingers because people will get upset. Which is not the point of this forum.
Valued Member
SPQR's Avatar
United States
327 Posts
 Posted 06/18/2009  08:01 am  Show Profile   Bookmark this reply Add SPQR to your friends list Get a Link to this Reply
No matter how many rolls were actually supposed to be auctioned, the proper way to handle an issue like this is buyer contacts seller and the two work it out. Yes, the auction was worded pretty ambiguously, but if the buyer felt shorted, he should have let the seller know and they could have worked this out.
The proper time to bring this public is after a compromise can't be reached.
Stuff happens, and the less uptight we get about it the better we are going to sleep at night.
Edited by SPQR
06/18/2009 08:01 am
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