Hi, I canceled a bid on upcoming Heritage Auction, August 3-4. The reason was an area of delamination. Auction 232131, coin 61155. Is delamination a suitable reason for cancelling ? Otherwise it is a good looking Tet. Rich
The coin in question(in case any other readers are wondering) I don't know Heritage's policy on cancelling bids, but I do know I wouldn't personally want a common coin with such a defect as it is pretty distracting and significant, so I think it's a valid reason for not wanting to bid on a coin in the first place. Heritage does describe "delamination" and it is evident from the photo, so I don't know if I'd actually cancel an already placed bid over it or take it as a learning experience. In general, I'd only really try to cancel a bid if I made a mistake and bid on the wrong lot(in which case I'd simply want my bid moved, if possible), if I determined that there was an undisclosed problem such as tooling or something changed after I placed the bid, such as an updated description, noticeably increased shipping charges, etc.
I'm with Red on this one. Unless the delamination spontaneously occurred after your bid was placed, then pre-disclosed, readily apparent delamination is not a suitable reason for cancelling a bid. It's kind of like putting a salesman through the trouble of selling you a red car and then telling him that you want your money back because you wanted a blue car. He might oblige, and you might be within your rights to make the demand, but......... Come on man!
They were kind enough to retract my bid… The next bid behind me was 1 dollar less. With a 15 percent premium I really don’t think they are going to lose. As far as red car versus blue car that is not the same argument. I don’t owe the salesman a thing…Come on Man !
I think what folks are wondering is, why did you bid on it in the first place if you were uncomfortable with the lamination?
