http://www.ebay.com/itm/Ten-10-2-00...=&orig_cvip=true&rt=nc&_trksid=p2047675.l2557 Guy is selling 10 $2 bills for a buy it now of $14.95 with free shipping. Bills alone are worth $20....
It's tongue in cheek. My favorite reference for it is from a famous SNL skit, the Change Bank, all they did was make change. It was one of those fake bank commercials with bank staff and testimonials, and the bank rep was asked how they made money since all they did was make change. He said "One word - volume". Classic. EDIT: And here they are: http://www.hulu.com/watch/4258 then watch http://www.nbc.com/saturday-night-live/video/first-citywide-change-bank/229045/
One eBayer was selling $2.00 bills for $1.00 as a "thank you" gift and to entice new buyers. But when eBay put a hold on some funds in his PayPal account, he tried to get the buyers to do his bidding. It was a mess. See: http://www.cointalk.com/t214229/ But it's nowhere as good of a deal as I got: He had a bunch of consecutive thousand dollar notes up. Each one of them was an auction listing starting at $1.00 + $28.00 shipping. For some reason this one was a Buy It Now. Well, I bought it. I even felt kind of bad about his mistake (it was a costly one) and I messaged him to offer to rescind the transaction. He never responded, and made his feedback private. I never received anything and put in a claim with eBay. I ended up getting my $29.00 back.
He does have 100% positive feedback and thousands of transactions. Maybe he's feeling generous for the holidays. It is of course one auction and not a Dutch.
I think the seller wasn't thinking when he listed and therefore screwed up. The sale cost him and unknown amount of money and should be a lesson well learned for him. :thumb:
Dang, that sucks. I'm surprised that ebay didn't force him to honor the transaction somehow. It's terrible for the seller but you gotta honor what you list or you'll pay for it in the long run by being negged to death.
It's true. It is a contract, but only enforceable to some extent. When I put in a claim with eBay, the system asked me if I wanted the item or wanted my money back. I of course selected that I wanted the item. Nothing came of it though. eBay settled the case and decided to give me my money back.
eBay has a stipulation if you overbid on something that is clearly worth nowhere near the amount you entered that your bid may then justifiably be cancelled or retracted. An example is if you bid $100 on a 1994 Proof Set when you intended to bid $10 on it. There is most-likely a similar rule for sellers. Upon analyzing the auction, eBay would realize it was a mistake to offer a BIN for $2,000 cash for a total of $29 with shipping. They would then relieve the seller of any contractual obligations in selling the notes.
He's got another set of twos now, but a BIN of $24.95 http://www.ebay.com/itm/Ten-10-2-00...947&pid=100012&prg=1014&rk=1&sd=160945752772&
