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Why aren't people bidding on these coins on ebay?
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<p>[QUOTE="BooksB4Coins, post: 1647410, member: 36230"]Exactly. I believe it is clear that this seller knows what he/she is doing, so the start prices are nothing more than insurance. He knows most of his offerings would likely bring much less if started at $1, so he prices accordingly. Other than fees and dead inventory, its a win-win for him. I've encountered many sellers and/or dealers of this type over the years, and its almost always the same. Sooner or later someone will bite and they get to walk away with their desired profit margin, or at least close to it. While such a business plan is counterproductive in my eyes, as the old saying goes; it takes all kinds.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>This is, of course, in a gray area, but I do not recall the seller mentioning anything of the coin's condition in his description. Although I am a firm believer that one should not purchase without prerequisite knowledge, I also believe that it is a sellers (or dealer's) absolute responsibility to properly describe or note any unquestionable issues a coin may have, especially when they choose to use less-than-acceptable photographs, or in this case scans which can be deceptive. If, once the coin arrives, it is as corroded as I think; I would return it and wait on a no-problem example. I understand your excitement in obtaining your first H1C, but there is no reason to bury yourself on a sub-par specimen when the seller knowingly (in my most humble opinion) listed in a questionable manner.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1647410, member: 36230"]Exactly. I believe it is clear that this seller knows what he/she is doing, so the start prices are nothing more than insurance. He knows most of his offerings would likely bring much less if started at $1, so he prices accordingly. Other than fees and dead inventory, its a win-win for him. I've encountered many sellers and/or dealers of this type over the years, and its almost always the same. Sooner or later someone will bite and they get to walk away with their desired profit margin, or at least close to it. While such a business plan is counterproductive in my eyes, as the old saying goes; it takes all kinds. This is, of course, in a gray area, but I do not recall the seller mentioning anything of the coin's condition in his description. Although I am a firm believer that one should not purchase without prerequisite knowledge, I also believe that it is a sellers (or dealer's) absolute responsibility to properly describe or note any unquestionable issues a coin may have, especially when they choose to use less-than-acceptable photographs, or in this case scans which can be deceptive. If, once the coin arrives, it is as corroded as I think; I would return it and wait on a no-problem example. I understand your excitement in obtaining your first H1C, but there is no reason to bury yourself on a sub-par specimen when the seller knowingly (in my most humble opinion) listed in a questionable manner.[/QUOTE]
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Why aren't people bidding on these coins on ebay?
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