Good business or scammer?

Mate, I completely understand what you are saying, and I agree to a point. Only if the coin is over-graded by the seller and not correctly described.
But if its description is correct and accurate, and someone sent back for a refund, that then costs the seller around $100.00 out of his own pocket for the final value fee every time someone wants to 'take a gamble'. Personally, I think that is just not right, unless the buyer wants to refund that money and the cost of the sellers time & effort, compensation really, for having to re-list and having been given the run-around from said buyer.

I understand wanting to make a profit, I buy some coins for the same reason. But if I mis-judge an item that was correctly described, I am not going to send it back and ask for a refund, it would be my own fault to assume it was better than it was and was described as.

Would be a nice profit to make on the coin you are talking about, but at the end of the day, the buyer still would have the coin worth $27,500. That will only increase in value over time. Why not hold on to it a couple of years, and making the profit then?

That's all I am getting at

 

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I'm pretty sure that eBay still refunds the FVF in full if the buyer returns and the seller refunds, at least within a certain period. The only cost to the seller is the initial listing fee, postage, and time.

It's been several years since I've sold on eBay, though, and while I've reviewed their refund policies recently, I'm not 100% sure on this.

 

There is no guarantee that the value would increase in a couple of years, and there's the risk it would decrease in value as well.

G'Day mate

 

"eBay is NOT the final word on settling their disputes. Either party, seller or buyer, can take the matter before a court of law for a legal settlement to the dispute."


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This is true but it gets complicated when Paypal (owned by Ebay) gets involved. Whereas Paypal iniates the hold on the money. In my case Ebay said that they had nothing to do with the money and I would have to contact Paypal. Paypal opened a case and said they were investigating. But the truth is that likely no one read the case and most likely had no plans to go against buyer protection. So, in the end-after attempting to find someone who would look into the case it was the classic run around. Ebay says to contact Paypal. Paypal says to contact Ebay. I can only imagine how difficult it would be to make sure one had the right defendant named and served to go to court. Sounds very costly just on the beginning of getting a case started. Bottom line is that the sellers have limited expensive options that likely make any challenge not cost effective against any scammer.

 

If the guy is buying from sellers who have a return policy then why is the ebay Buyer's Protection coming into play here?

 

I absolutely agree that returns should be allowed to insure that you get a good usable product, whether you are buying a coin for your collection or a pair of jeans. If the coin isn't what you thought it was and you won't be happy with it you should be able to return it. If the pair of jeans has a defect or they sent you the wrong size you should be able to return them.
Given that, I guess you could argue that because you can't make money on a coin it's an unusable item, to you. You have to admit though, that if too many people do this then it becomes an issue. It would cost sellers money that would have to be passed on to someone else. So is it OK for a few people to do this but not too many? If it's not right , it's not right.
I would venture that 99% of ebay sellers would block you from bidding if they knew you were this kind of buyer. Sellers just don't want to deal with somebody if they know that chances are the coin will be returned.
By the way, the example I used about the mint sets wasn't a hypothetical. I remember reading on another forum, a poster was complaining that the mint had cut off his return privileges because of this abuse.

 

Is it a scam? No.

Is it a good business plan? Probably.

Is it unethical? Yes.

 

(In response to an earlier question)

Someone asked about what if the seller refuses the return believing the buyer is lying about the return reason or has damaged it in some way. Then the protection comes into play. In short, the buyer can return the item for whatever reason even if it is a non return auction. So this guy can cherry pic all day if he chooses.

 

Sorry sir but I disagree here. Its different than cherry picking in that you are legally buying it, then asking to return afterwards. Sellers have significant costs associated with the sale, and the buyer is forcing them to eat these costs by his actions. I am all for cherry picking at a show, that is just good buying. However, once its bought its bought, and short of a misrepresentation, I believe this action is a serious abuse.

I doubt anything will be done about it, and about the only thing sellers can do is block this buyer. Its sad such actions take place. Buyers, remember this is the kind of crud sellers have to deal with when you think your friendly dealer is making too much off of you.

Chris

 

Just ban the guy from bidding on your auctions. f me once, shame on you.... etc....

It would be very interesting to know of whom we speak so that his/her feedback could be reviewed... or at least the active 'bay forum members can ban em' as they feel appropriate. The discussion is interesting, but of no value unless the members can employ the content in the real world.

 

However, if a court order the money to be released based on a legal judgement, PayPal & eBay have no choice but to abide by the court's ruling.

As I said, this is one option available to both seller and buyer.

FYI, and cost's associated with initiating a small claims case, is usually, and most always, added to the judgement.

 

Name them both in the suit. Let the judgement go against both. If one is not legally responsible, the judge will decide that.

 

try to find out the truth behind this .. it would be sad.. now i know traditionally some coins wont get there varity grade if it is not accompanied by a ana certified grader.. but to scam people like this is bad..