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 Replies: 22 / Views: 3,868 |
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Pillar of the Community
United States
3294 Posts |
I recently sold some halves on craigslist and now I am feeling bad about it. Basically I listed that I had a roll of 20 1964 JFK halves and that I would take the best offer. Well someone came and offered me $16 each, $320 for the roll (about double what they are worth). At the time, it seemed like a great idea to me, but not as much now. I know I was not out to gouge anyone, he did it to himself, but do I have a responsibility to tell him his offer was way too high?
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Pillar of the Community
United States
2049 Posts |
I dont think so. You asked for an offer, and he made one. I am of the opinion that buyer beware and seller beware come into play, especially in this day and age with all of the readily available information (online, price guides, forums, etc).
Also, he may have been buying for any potential numismatic value, errors, etc.
Edited by CoinHunter53562
10/19/2010 09:49 am
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Pillar of the Community
United States
625 Posts |
I wouldnt worry about it. He was the one who made the bid.
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Valued Member
United States
397 Posts |
Would you be as worried if this had happened on ebay? |
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Bedrock of the Community
United States
10982 Posts |
Normally the seller is asked to set an asking price. Fishing for offers is perfectly legit though. You, as the seller, should have some idea about the value. The buyer often doesn't.
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Bedrock of the Community
United States
20753 Posts |
It's in the past so forget it. Maybe you will not really forget it but since it happened in the past, just move on and think about the coins your going to buy.
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Valued Member
United Kingdom
488 Posts |
It's entirely their error, and what is done is done. As coinhunter said, there is so much information readily available for research it wouldnt have been hard for the interested buyer to research potential value.
www.kingstoncoincompany.co.uk
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Pillar of the Community
United States
2120 Posts |
I wouldn't sweat it, he probably just thought you just inherited it and had no idea what you had, and was hoping to get lucky. Random people dont just offer $320 for a roll of Half-Dollars with out knowing what they are doing. I wouldn't sweat it, not like you lied or falsified information. |
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Valued Member
United States
497 Posts |
its fine. the guy probably had some formula that he made that predicted silver to shoot past reality. he made an offer you didnt hold a gun to his head and made him pay. its fine.
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Pillar of the Community
United States
651 Posts |
I think you need to sell things for us. lol
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Valued Member
United States
426 Posts |
Nice deal! I usually feel bad about selling when I get lowball offers.
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Pillar of the Community
United States
2661 Posts |
In my opinion "best offer" is no different than an auction. If someone at an auction wants to pay $90 + 10% buyers premium for 9 circulated Ike's that is on them. It is not the auctioneers duty to tell them that is way too much to pay for them. Same is the case with a best offer deal. Potential buyers make an offer (bid), and you take the highest one, no matter how ridiculous it may be, simple as that. The buyer paid what he was willing to pay, so be it.
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Valued Member
Philippines
386 Posts |
NO it's not your responsibility to tell buyers and warn them if their offer is high. Sale is being consumated, though if and when your buyer realizes afterwards he made a mistake and emailed you for recosideration in returning the said items...then a sense of compassion within you will enter into the picture. Meantime just enjoy the selling thing  |
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Pillar of the Community
United States
1659 Posts |
Waredu made a great point. If these had been on ebay and the bidding shot to the moon for some reason, you would simply smile all the way to the bank.  |
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Pillar of the Community
United States
1801 Posts |
I just hope he didn't think you had a $20 roll of halves. Halves do come in both $10 and $20 rolls.
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Pillar of the Community
United States
757 Posts |
yeah that's what I was thinking, fransch
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Replies: 22 / Views: 3,868 |
Posted 10/19/2010 10:55 am
