95 bids part two

As some of you may know, I posted a thread called 95 bids. It was about me trying to sell a st. gaudens, and somebody bidding 95 times. That bidder did not win the coin, however the high bidder did not pay, and I was forced to relist it.

Now, somebody has bid it up to 1725.00 which is very high for an ungraded 1908 Saint. I have a feeling i will be trying to sell it next week as well.

Is this coin doomed? should I give it away on cointalk?

 

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Give it away......to me

 

ill take it! LOL

 

am i missing something 1725?

 

I'll take it - I don't have any AU in my stack....

 

.......you said 'give it away'.....

 

Did you open an "unpaid item" case on the first auction? Remember to set your preferences to limit your bidders to those with less than two UPI strikes. That being said, the current high bidder at $1725 has a 683 positive feedback rating (which may or may not mean a lot with eBay's current feedback system), but you can check and see if he's been paying quickly on high ticket items. I once sold a twenty dollar item for over $1500 because two buyers with deep pockets got into a bidding war.. and was paid immediately. If the buyer doesn't pay within 48 hours (or somewhat longer if you prefer), open the unpaid item case (which you may close in 4 days). You get your final value fees back, which in this case is a considerable amount. Also, keep your "blocked bidders" list up to date, and don't be afraid to add any non-payers. Good luck, my friend.
http://pages.ebay.com/help/policies/unpaid-item.html

 

Jim imparts sage advice.......

 

This time, looks like you have a buyer with more than 20+ transactions under his belt. That's what you were dealing with previously. This is holiday shopping crunch time. You might have a rural area serious collector on your hands, who got a few ebay gift cards, early. Keeping my fingers crossed, that this time you'll get payment.

 

we shall see.

 

Let us know how it finally turns out.

 

Well they paid. I shipped today. I will be happy when he gets package and leaves positive feedback.

I was going to buy Insurance for the shipping, but I guess USPS or Ebay wont cover coins.
I didnt know that.
http://pages.ebay.com/insurance/shipping/coverage.html#notinsure

II. THE INSURANCE DOES NOT INSURE:

1. Coins, bullion, loose diamonds or stones, stocks, bonds, currency, deeds, evidences of debt, travelers checks, money orders, gift certificates, calling cards, lottery tickets, admission tickets, or any other negotiable documents.
2. Loss from delay, deterioration, spoilage or contamination of perishable merchandise except when resulting from fire.
3. Merchandise shipped on consignment, memorandum or approval unless shipped in fulfillment of an order or request.
4. Plasma televisions or monitors.
5. Loss, damage or non-arrival of any Package which:
   1. Is addressed, wrapped or packed insufficiently, incorrectly or contrary to Carrier’s packaging requirements; or
   2. Bears a descriptive label or packaging which tends to describe nature of contents EXCEPT if shipped via Parcel Post and required by Postal Law and Regulations.
6. Against loss or damage arising out of dishonesty on the part of you, your employees, a Certificate Holder or a Certificate Holder’s employees.
7. Against loss or damage caused by or resulting from:
   1. Hostile or warlike action in time of peace or war, including action in hindering, combating or defending against an actual, impending or expected attack by:
      1. Any government or sovereign power (de jure or de facto);
      2. Any authority maintaining or using military, naval or air forces;
      3. Military, naval or air forces; or
      4. An agent of any such government power, authority or forces;
8. Any weapon of war employing atomic fission or radioactive force whether in time of peace or war;
9. Insurrection, rebellion, revolution, civil war, usurped power, or action taken by governmental authority in hindering, combating or defending against such an occurrence;
10. Seizure or destruction under quarantine or Customs regulations;
11. Confiscation by order of any government or public authority or risks of contraband or illegal transportation or trade; or
12. Nuclear reaction or radiation, or radioactive contamination, however caused. But if nuclear reaction or radiation, or radioactive contamination, results in fire, we will pay for the loss or damage caused by that fire.

 

USPS insurance covers coins and is used everyday by coin dealers and collectors who have lost packages. Look up Publication 122 from the USPS and it will tell you that coins are covered.

 

Yes we shall. Congrats! Was it purchased from a rural or small town location?

 

What you listed is not USPS insurance... it's "ShipCover", which is not what you want. Buy USPS insurance and your coin(s) are fully covered. You're selling high ticket items on eBay... you need to know these things.

 

When I went to print shipping label through ebay, it said add Insurance click here. So i did.that was the fine print. So how do I add insurance to an ebay package?

 

yes, small town in Kentucky

 

Unfortunately, when you print a shipping label through eBay. they only offer "ShipCover" as an insurance option. You need to take your package to the P.O. and purchase real insurance:

http://pages.ebay.com/help/pay/shipping-insurance.html

 

Buy insurance through the USPS, not ebay.

 

Thanks Tom