How do you react?

He put it up, someone bid, end of story.

 

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I agree. The buyer was willingly bidding on it and he paid what he wanted to.

I had a pack of playing cards that I couldn't sell for two years priced at $4. I sold them on ebay for $210 to a buyer in Australia because they were the same cards his brother had when they played together when they were younger. To him they were worth every penny that he spent on them.

 

As a dealer It's your job to tell the customer what the object is worth, you may then buy it from him if he is selling... or sell it to him if he is buying. End of story.

 

WHAT??? What planet are you from? As a dealer, it is your job to get as much money for it as you can. PERIOD. If the dealer does not make a profit, he goes out of business and all lose that way.

 

I have kept quiet for as long as I can.

The transaction was only $10, who cares! Calling this robbery is ridiculous! If anyone is hurt financially by losing $10, then yes, they should find a new hobby. Don't forget, this is the hobby of kings.

 

Silly!!, buy that man a beer or if he feels that bad he can buy you a beer. That said, did you drink too many beers?!!

 

It's an auction, which means that the person who won was willing to pay higher-than-book value to beat out the other bidders. To that person, the value of the coin is whatever he was willing to pay to own that coin and prevent the other bidders from owning it, forget book value. Book value is essentially what a previous group of buyers were willing to pay.

 

That's what the fun of eBay is. Man, I have gotten some real good prices on some things like a huge shipment of padded envelopes for 6 cents, but I also have had things sell for far less than they should have. As my friend Ferdy says "Sometimes you are the hydrant, sometimes you are the dog."

I am going to start checking my 1943 cents though. lol

 

I agree. Anything at an auction is fair, be it too high or too low. I haven't seen the coin, so maybe its a very nice coin and the buyer cannot locate one as nice near him. Besides, its $10 not $100, so not much money.

 

Pilkenton, you always seem to be having a moral dilemma. lol
I'm not sure why you do but you do.
This is pretty cut and dry like has been said. It's an auction and 2 smucks bid it up. And unless the listing was misleading then keep the 10 bucks and enjoy dinner at McDonalds for the 2 of you.

I don't even know how much your deal with the B&M bothers me...if a dealer wants to overcharge then I learn and probably don't return.

 

What bothers me is why we continue to indulge these $10 moral dilemmas.

 

It is the principal, Paul. At least to me, it makes no difference if it were $10 or $10,000.

 

Don't take this the wrong way, but that is a bunch of BS. It is always about the money.

 

I agree it is about the principal and that you can learn a lot about a person through their $10 deals but it is just ten bucks lol

 

Yeah, it is about the money. The business is there to make money. The point I am making is that it is about the how, not the how much.

 

I still don't see a problem. If I were a coin dealer, I wouldn't even deal in coins worth less than $10. The margins are so low that it wouldn't be worth my time.

In Pilkenton's honor, I am going to stop by Red Square (a russian themed restaurant) and order a shot of Van Gogh Chocolate Vodka and they are going to charge me $10. Did they rip me off? Yes! Do I care? No! Why? Because it was only $10.

 

I agree with everything you say in this post.
I own a business in the construction industry...
I see folks 'raping' people with pricing everyday.
Unfortunately, some folks fall for it.
You can look at it one of 2 ways:
1: The person paid too much out of their own ignorance and lack of studying the market. Too bad. Buyer beware.

2: The seller gives all the others in their line of business a bad name by not being honest and fair when they deal with someone they know to be less knowledgeable. They know good and well they are taking advantage.

There are 2 sides to every story. As a business owner, I want to make a good profit. However, I also want to earn a good name as being fair and helping my customers to gain knowledge. I have been in business for several years, and intend to remain in business for a very long time. Like it or not, that means that the customer is always right... Which aligns with #2.


Edit:
I'd just like to say... Thank God we don't operate the construction industry through auction!

 

:cheers:
ROTFLMAO! OMG I can hardly breathe...

 

Yep! It's clearly... :dead-horse:

 

According to this thread we should give Alaska and the Louisiana back to whom we bought them from.