Bought a Morgan Dollar worth ~$40 for $1 free shipping

Just wanted to post this story (bought on ebay).

I usually buy error priced listings every once and a while, and saw a morgan dollar for $1 free shipping so I bought it, well this was a few days ago and I just got it today. the great thing is I got the coin the bad news he sent the wrong one, and its worth double.

I remember members asking about situations like this, while legally you can keep it but I thought that is not morally right for me, so I sent him a message and let him know he sent the wrong morgan and if he wanted me to send it back (still awaiting the reply).

I mean this guy honors a price and takes a decent size loss, it is the least I can do.

Anyone else have a similar story? What did you do?

 

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Uh, so you bought a Morgan for $1...
...he sent the wrong one...
...it's worth "double"...

So it's worth $2? It's worth $80?

 

good for you @StevieB nice to hear of someone who is not a complete Jerk. Way to go.

 

Can you show some pics of your Morgan?

 

worth about $80

 

Thanks so much, while I personally feel it would be a jerk move if I kept it and kept shut. I am just trying to be a better person, I made so many mistakes years ago and doing little things like this helps in a way.

 

I rather not for now, once I get a response from the seller and see what happens then I have no problem at all posting pic's.

 

To be fair the most non-jerk move would have been to message the seller "hey I think you listed a coin in error"

 

I usually do that, but also remember that there are many ebay buyers who purchases these error priced items and demand to get what they pay for. I do not leave nasty messages or give negative feedback when the seller cancel the orders.

With that said error priced items sell within seconds, I have seen it happen many times.

 

I look for this all the time. I bought a Kennedy half about a month ago graded MS-67 by PCGS for $29. Funny thing is, PCGS's priceguide has the coin at $200. The same coin had just sold the month before for about $210 on ebay. I thought for sure the seller was going to cancel the order. He didnt. I just sold it to someone for $170.

The way I see it (and maybe I'm a jerk) is if you cant take the time to review your listing before you post it, then you shouldnt be seling things on ebay. Ebay gives you all the chances in the world to correct a mistake before posting.

 

It's only one click to post a listing from the listing page

 

Your honesty is very commendable, but I don't know if I will be able to say the same for the seller. Have you given any thought to the possibility that the coin may be a counterfeit? Nobody sells a $40 coin or even one worth melt value for $1. If it sounds too good to be true, it probably is. I'd sure like to see good images of both sides when you get it.

Chris

 

The only time I bought a clearly miss priced listing wasn't to hope to get the item it was to get it before someone else would who would likely demand the seller deliver or neg him. Turns out that seller was the guy who runs my local area show and I got free entrance tickets to the next show and a discount offer on something else he was selling that I was interested in for doing him a favor.

 

He has good feedback, I have not tested the coin, I really doubt it is a fake but I understand what you mean.

 

That is what I do, I have told sellers that they can just cancel it - although rare they sometimes still send it.

 

Testing it isn't always the answer. The Chinese have gotten very good at producing fakes, and with the price of silver at a rather low point, they can still profit by using 90% silver. It's just a good thing that they weren't able to produce such good copies when silver was at $5 per ounce.

Chris

 

Is it magnetic?

 

Nope its not

 

There are things that are morally right and things that are morally wrong. Some people think that taking advantage of someone who made a mistake is justified and that they're backed up by the court case of Finders/keepers v. Losers/weepers. These same people are highly incensed when the tables are turned and they're on the s... end of the stick.

You have done the right thing by contacting the seller; let him decide the proper course of action.

 

Yeah it's also one click to preview your listing page before posting it. The preview button sits right next to the post it button.