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<p>[QUOTE="krispy, post: 993093, member: 19065"]Whoa! Jon, I think you are overreacting to a hypothetical scenario and overlooking that I <u>specifically</u> set values high with a suggestion to accept lower Best Offers that clear the sellers overhead expenses. I feel you have seized up on what I was trying to present since I used the word 'uninformed'. </p><p><br /></p><p>Perhaps, the most 'ethical' thing to do would be not to treat this item numismatically at all by reselling it for a cent over face but that's not how dealing/collecting works. A profit is to be made in selling and we see all the time questions about 'what is this worth' as collectors want to know, how much over face their item is worth in resale or for insuring. We cannot say definitively prior to a sale what a collectible item is worth to a particular buyer but an auction can help us understand what one individual thinks it's worth, informed or not. If the OP placed this note back in circulation for the next collector to <i>hopefully</i> find at face value, it would become devalued quickly whereas now he has an opportunity to see a little profit for presenting the item to the collecting community who <i>may</i> shop eBay. </p><p><br /></p><p>This was also about how the note <i>could</i> be successful on eBay due to the general willingness of typically uninformed buyers to pay more than an item is worth... but that's a part of collecting you cannot assess in general as collectors are frequently irrational. Many collectors do everything they can to educate themselves and negotiate for an item so that they only pay the minimum on a given item while others seem crazy in their willingness to overpay to acquire items for which the other collector will completely disagree with overpaying too much for. That is not the sellers fault. </p><p><br /></p><p>I think the note has a very slim chance at selling at all, but on eBay and with the amount of undereducated bidders with big wallets willing to snap stuff up I was suggesting that at eBay, anything is possible. It's not the sellers ethics, not mine at least, responsible for such 'successful' sales. eBay is particularly full of uninformed bidders and that is not the sellers fault so long as a seller describes their item accurately, presenting honest images of the item for those buyers considering the item. </p><p><br /></p><p>This situation is not about a sellers ethics nor is it preying on buyers, so please take a step back and consider again... It's not unethical for a Seller to ask <i>any</i> amount they so choose to ask for an item nor is it to be expected that a buyer will agree to buy that item. A non sale would prove an inflated asking price is too high or market unacceptable. An inflated BIN price on eBay may include: the face value of the note itself, a nominal fee over face, the listing fees, built-in 'free' shipping costs a sells incurs, PayPal fees and any final auction fees due to eBay. Again, that's the item itself, an amount over face, s/h and the 9-12% that goes to eBay/PayPal. It adds up and informs the price. </p><p><br /></p><p>Now, recall that I suggested a high BIN with an automatically acceptable lower 'best offer'. If some buyer agrees to use the high BIN without doing their homework on value that is not the sellers fault. If the buyer does not use the Best Offer option provided, which suggests the Seller DOES accept a lower value than BIN, then the haste of a buyer using a BIN is the buyers choice. To them the item was worth your asking price, again their fault for not understanding how Best Offer works, nor possessing the patience to learn how to barter with Sellers which is part of the hobby, negotiating. </p><p><br /></p><p>Prices are arbitrary and irrational as are collectors' mindset for all categories of collectibles. The scenario I presented is far from a scam or what you are suggesting is predatory in nature. This differs greatly from those threads we see here pointing to fakes and hyped rarity for <i>grossly</i> inflated prices, often with only a BIN and never a Best Offer plus most of those threads exclaim common items as something they truly are not, rare and excessively valuable. The SN in this case may not be fancy or valuable in your estimation, but that doesn't necessarily go for all others.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 993093, member: 19065"]Whoa! Jon, I think you are overreacting to a hypothetical scenario and overlooking that I [U]specifically[/U] set values high with a suggestion to accept lower Best Offers that clear the sellers overhead expenses. I feel you have seized up on what I was trying to present since I used the word 'uninformed'. Perhaps, the most 'ethical' thing to do would be not to treat this item numismatically at all by reselling it for a cent over face but that's not how dealing/collecting works. A profit is to be made in selling and we see all the time questions about 'what is this worth' as collectors want to know, how much over face their item is worth in resale or for insuring. We cannot say definitively prior to a sale what a collectible item is worth to a particular buyer but an auction can help us understand what one individual thinks it's worth, informed or not. If the OP placed this note back in circulation for the next collector to [I]hopefully[/I] find at face value, it would become devalued quickly whereas now he has an opportunity to see a little profit for presenting the item to the collecting community who [I]may[/I] shop eBay. This was also about how the note [I]could[/I] be successful on eBay due to the general willingness of typically uninformed buyers to pay more than an item is worth... but that's a part of collecting you cannot assess in general as collectors are frequently irrational. Many collectors do everything they can to educate themselves and negotiate for an item so that they only pay the minimum on a given item while others seem crazy in their willingness to overpay to acquire items for which the other collector will completely disagree with overpaying too much for. That is not the sellers fault. I think the note has a very slim chance at selling at all, but on eBay and with the amount of undereducated bidders with big wallets willing to snap stuff up I was suggesting that at eBay, anything is possible. It's not the sellers ethics, not mine at least, responsible for such 'successful' sales. eBay is particularly full of uninformed bidders and that is not the sellers fault so long as a seller describes their item accurately, presenting honest images of the item for those buyers considering the item. This situation is not about a sellers ethics nor is it preying on buyers, so please take a step back and consider again... It's not unethical for a Seller to ask [I]any[/I] amount they so choose to ask for an item nor is it to be expected that a buyer will agree to buy that item. A non sale would prove an inflated asking price is too high or market unacceptable. An inflated BIN price on eBay may include: the face value of the note itself, a nominal fee over face, the listing fees, built-in 'free' shipping costs a sells incurs, PayPal fees and any final auction fees due to eBay. Again, that's the item itself, an amount over face, s/h and the 9-12% that goes to eBay/PayPal. It adds up and informs the price. Now, recall that I suggested a high BIN with an automatically acceptable lower 'best offer'. If some buyer agrees to use the high BIN without doing their homework on value that is not the sellers fault. If the buyer does not use the Best Offer option provided, which suggests the Seller DOES accept a lower value than BIN, then the haste of a buyer using a BIN is the buyers choice. To them the item was worth your asking price, again their fault for not understanding how Best Offer works, nor possessing the patience to learn how to barter with Sellers which is part of the hobby, negotiating. Prices are arbitrary and irrational as are collectors' mindset for all categories of collectibles. The scenario I presented is far from a scam or what you are suggesting is predatory in nature. This differs greatly from those threads we see here pointing to fakes and hyped rarity for [I]grossly[/I] inflated prices, often with only a BIN and never a Best Offer plus most of those threads exclaim common items as something they truly are not, rare and excessively valuable. The SN in this case may not be fancy or valuable in your estimation, but that doesn't necessarily go for all others.[/QUOTE]
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