Can I safely cancel this currency transaction?

[dadswarehouse]

Last night I posted a piece of currency on ebay.  I listed it for $5. and almost instantly got an offer to buy for $50.  I questioned why the buyer would want to purchase what I called a poor quality Japanese 100Yen bill.  He told me it was in fact Korean and said his offer was a fair one as others were selling for this amount on Ebay.  I changed the listing so he could make an offer,  which he did for $50.  I accepted it and he paid immediately.   After I sold it I did a bit more research on the bill and found it was very rare.  It was the first currency printed after the two Korea's were split apart and apparently few of these 100 Won bills still exist.  Can I cancel the sale after the customer has paid given I had misidentified the currency in the first place?  Can the customer mess up my perfect sales record with negative feedback?

All of my sales are for charity.  I feel bad that I gave away something for $50 that might have sold for $500 or more.  Better quality ones have sold for $1,600.  I need some advice on how to move forward in an ethical and fair way not breaking any ebay rules or regulations.

[redmodelt]

You would have been happy with the $5, now you are getting an extra $45. Most of us more then likely have had things like this happen, finding out we sold something for way under value. You sold the item, now finish the deal. Yes it would be unethical to now back out on the deal. While some low life sellers do back out on their end, and some lie about why so as to avoid a strike, people also come on the boards all the time talking the the ones that do what you are suggesting to them.

[*smedley*]

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@dadswarehouse wrote:

I need some advice on how to move forward in an ethical and fair way not breaking any ebay rules or regulations.

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there are none...

having said that, nobody can force you to send it... if you choose not to send it you have to accept the consequences which will most likely include negative feedback and a ding on your seller stats...

this is a great example of doing due diligence prior to listing...

[gacooke]

"You sold the item, now finish the deal. Yes it would be unethical to now back out on the deal. While some low life sellers ....."

Sorry, but the truth is clear. You should have ended the listing and researched the item further. The buyer was more than fair with you. Most would have bid $5 and perhaps gotten (and IMO, deserved or earned) a steal.

Not completing the transaction should result in  a deserved negative.  With or without the neg, most would consider that a low life act.

You obviously know this, and are an honest seller, or you would not have asked. A cheat would have just reneged.

[b-17blinker]

Put yourself in the buyer's shoes. How would you feel or react?

___________________________________________________________________________________

Observation: pressing notes with a warm steam iron will cause the sides to curl up.

___________________________________________________________________________________

The 12 Ten Centavos (1942) Japanese Invasion Money (JIM) were issued for use in occupied Philippines.

The four 50 Yen notes were issue under Emperor Hirohito (Showa). The top 2 are year 19, the bottom 2 look like year 18.

The Tien Cent (1942 JIM) was issued for use in occupied Netherlands Indies.

____________________________________________________________________________________

Korea KM #41 100 Yen ND (1945)

[*smedley*]

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@dadswarehouse wrote:

Can the customer mess up my perfect sales record with negative feedback?

btw, this will happen sooner or later even if it isn't deserved...

the neg shown on my feedback page falls into that category... i had clear pictures and listed the date of each coin... the buyer was POed because i didn't underprice it or miss a rare date, so he didn't get a deal instead of getting exactly what he paid for...

[gacooke]

If the item is "Pick 44", it seems like $50 is a fair price for a bill in that shape. The plate block #1 might draw a premium. But I don't know that. I saw one in slightly better shape listed at just under $1000. That looks like he's looking for a sucker. The ones that sell for that sort of price are in much higher grades,  and are graded by reputable companies. 

[b-17blinker]

Oops, KM = Pick. Note shown is OP's item. I do not see characters just to the left of man w/beard on #44. Am I missing something?

[gacooke]

I'm not a banknote guy and don't have catalogs.  Based on the web, I came up with Pick 44.  But I wasn't sure.

[*smedley*]

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@b-17blinker wrote:

Oops, KM = Pick. Note shown is OP's item. I do not see characters just to the left of man w/beard on #44. Am I missing something?

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looks like Pick 41... the guilloche is underprint and at the left... Pick 44 the guilloche is centered and not underprint...

my 20 year old World Paper Money lists Pick 41 as 350/VG 1000/VF 3500/UNC

i would guess the note in question might market-grade to AG...

[b-17blinker]

Let your conscience be your guide.

[elheron-grande]

The most recent catalog Heron could find in this office mess is 8th Edition Volume 2.

The 100 is shown as #41 (1945).   The pricing is: VG300, VF800, Unc2500.

(Heron is certain there is another Vol 2 around this office somewhere.  A more recent

 issue.   However, whilst searching for paper money catalogs Heron found FOUR copies

 of the Numismatist that he has not yet perused.   It will be a fun evening!)

[elheron-grande]

Yes, undeserved is correcto!   Heron once shipped a nice Unc banknote to a buyer on

the East Coast of USA.   After about 5 days the buyer slammed Heron with a 'neutral' for

non-delivery.   A few days later the envelope with Unc banknote was in Heron's mail with

that post office stamp 'non deliverable - no forwarding address'.    So, Heron contacted

the buyer via email and told him the note had been returned to Heron and the reason the

note was non deliverable.   Answer from buyer "Oh, yeah, I forgot to put in a forwarding address at the PO near the college.  I am home now and the address is: such and such".

So, Heron sent the item to the 'home address' and never heard from the buyer again.

[*smedley*]

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@elheron-grande wrote:

Yes, undeserved is correcto!   Heron once shipped a nice Unc banknote to a buyer on

the East Coast of USA.   After about 5 days the buyer slammed Heron with a 'neutral' for

non-delivery.   A few days later the envelope with Unc banknote was in Heron's mail with

that post office stamp 'non deliverable - no forwarding address'.    So, Heron contacted

the buyer via email and told him the note had been returned to Heron and the reason the

note was non deliverable.   Answer from buyer "Oh, yeah, I forgot to put in a forwarding address at the PO near the college.  I am home now and the address is: such and such".

So, Heron sent the item to the 'home address' and never heard from the buyer again.

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that was nice of you...

the way i see it, once a buyer leaves feedback, they're satisfied with the outcome and the transaction is over...

[dadswarehouse]

Thanks for your reply.  As suggested I carried thru with the sale but did include a message noting my disappointment with the buyer's choice to low-ball a charity auction item.

Ray