| Author |
 Replies: 10 / Views: 1,772 |
|
|
Valued Member
Canada
168 Posts |
I'm sure all of you have come across an auction where somone has placed a coin in the wrong section. I'm just curious what you do in that situation?
1. Contact the seller and let them know?
2. Add it to your watch list and hope to snag it?
3. Depends on the coin
I'm a type 2 (I admit it). I always look up prices for what I sell and ensure they are in the right category. I find Numismatics usually set a reserve or high start price to offset any severly low sale and those who don't usually do not know what they have in the first place so its not like they'll miss it.
|
|
|
|
Pillar of the Community
Canada
1733 Posts |
I've sold high price coins with a .99 start, especially 25 26 nickels and simple things that are in demand like 48 circulated dimes. They make their own market and always right price themselves before they end.
What do you mean by wrong category?
|
|
Moderator
 United States
23522 Posts |
Quote:
What do you mean by wrong category? For instance, a 50C listed in the 1C Category. It isn't going to get nearly the number of looks it ought, and will therefore probably sell more cheaply than it should otherwise. |
|
Pillar of the Community
United States
1523 Posts |
That happens quite often in the "lots" section.I really don't think that ethics play into it laconic but if it is an obvious mistake by the seller I do let them know and have been thanked for it.I have found that the owner of the coin has allowed someone else to do the posting in the cases I have found.
|
|
Pillar of the Community
Canada
1051 Posts |
I'm a #2, and not ashamed of it. I recently sold a nice looking AU-55 1948 dollar with no reserve, and it ended up going for $1275, nearly $500 under Trends. It's nobody's fault but my own. That's just the way it goes sometimes.
|
|
Valued Member
 Canada
168 Posts |
Superdave is right with the wrong category definition. I think people should research before they sell and set a reserve if they want to ensure they do not get burnt. With a reserve, even if its accidentally in the wrong category, they should come out ok.
|
|
Moderator
United States
23522 Posts |
Quote:
With a reserve, even if its accidentally in the wrong category, they should come out ok. Unfortunately, Reserve auctions are known to get fewer, and lower, bids than those without Reserve. Even if the Reserve is low, people shy away from them for some reason. I quit using Reserves years ago, and generally have done better as a result. |
|
Pillar of the Community
Canada
1733 Posts |
Actually I think the most disservice people do to their listings is when they have oddball ending times. A lot of west coasters end their auctions at a time exceeding 2:00am eastern where the bulk of the buying market is (at least in Canada) and I think their auctions suffer as a result.
|
|
Pillar of the Community
Canada
686 Posts |
Another place you can look for steals is with foreigners who don't realize their is a Canadian Coins section on ebay, and they post them as World coins. I look there maybe once every other month, I should probably look more! |
|
Pillar of the Community
Canada
1554 Posts |
 I do my absolute best to show Integrity on e-bay. I once observed a $500.00 coin just listed for a BUY IT NOW for $99.00 I believe it was a typo and should have read $399.99+, I informed the seller on A.S.A.P. and the listing was cancelled. It pays to be honest, don't ask me how much, but it feels good at the end of the day!  Glenn |
|
Pillar of the Community
Canada
686 Posts |
I'm surprised that no one has commented on the use of the word ethical here. I don't think it's unethical at all to bid on something in the wrong category. What ever happened to being a good shopper? If I was clothes shopping and noticed that Hollister has a shirt on the sale rack for $20, and a very similar shirt is selling off the hook for $50 at American Eagle, I don't feel it's my duty to tell the store that it shouldn't be placed there and that they should be charging $50 instead of $20.
I know that's a terrible example, but where and how someone chooses to advertise something, or how much they charge, is up to them. If I make a mistake and lose money on something, tough luck, I suck it up, and learn for next time.
Some people make a living going to garage sales and picking up deals. Just because they know how to shop around and look for deals doesn't make them unethical in doing so.
|
| |
Replies: 10 / Views: 1,772 |
|
Posted 05/02/2010 09:05 am
