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<p>[QUOTE=&quot;red_spork, post: 5124924, member: 74282&quot;]There are a variety of reasons. Sometimes there was a hidden reserve and the coin didn&#039;t really sell. Sometimes a bidder fails to pay. Sometimes a coin does get returned for any number of reasons(misdescribed, fake, &quot;authenticity unverifiable&quot; by NGC or similar, etc., bidder just doesn&#039;t like it in-hand).</p><p><br /></p><p>I sold a coin recently that was returned by the buyer. While it was fully described as being entirely repatinated, he was not a fan of the look in-hand. I allowed the return as I basically always do when a buyer is unhappy with a coin. In this case while I felt it was fairly described and photographed, I would rather deal with a return occasionally than have someone buy a coin they don&#039;t like when they first see it in-hand. I don&#039;t advertise this, but I set my buy-it-now prices/opening bids high enough to account for this. Some auction houses have similar models and will allow returns occasionally from buyers they know. They may or may not allow a new bidder to return a coin because they ignored the listed size or whatever and are surprised, but a $500 or $1000 coin for a buyer who reliably spends a few thousand dollars a year might be allowed[/QUOTE]</p><p><br /></p>

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