eBay

sin-n-dex · ‎10-25-2020

So I have a medallion. When I listed it, I thought it was pewter. There's nothing in the box to indicate that it's silver (not in English anyway). It sold for $30.

When packing, I grabbed the inventory tag on it to indicate how much the B&M store expects to receive for the medallion and all they noted was "Ag" (their code for me to weigh it and pay out silver price).

Perplexed because this thing doesn't *look* silver, I researched it. Found it out it's sterling silver with an antiqued finish (hence the pewter appearance).

It was a small box, I'm thinking "it can't weigh that much" and I was expecting to find out it had $45-50 in silver in it... no, it's like 4 ounces, and when I calculated the silver owed to the store by their formula I came up with $78. So basically I owe them $48 more than it sold for.

You know ever year I mess something up really well... I haven't done that in 2020 yet, well I have now. Normally when I do something this dumb I just sell it for less than it's worth, but still make good money because we didn't pay much. (Like when the token we paid 25 cents for sold for $5 because I goofed, and it should have been $35... it was a mess up, but we didn't lose money).

The $48 is coming out of my pocket, that's the agreement, since he has no control over what I do and I'm trusted to make responsible decisions, I'm also expected to pay up when the decisions I make are wrong.

C.

fern*wood · ‎10-25-2020

Sorry, you almost made it through the year, though. Most of us have made mess ups of some degree---I'd rather just not know about my own.

*smedley* · ‎10-25-2020

so... they gave you something to sell, and didn't tell you what it was or how much they expected for it?

seems to me that the buyer got a great deal and the B&M store is only owed whatever percentage of the profit that was agreed upon... there WAS an agreement of some sort, right?

mtgraves7984 · ‎10-25-2020

I feel ya. And just when you thought 2020 could get no worse...

You've learned, you'll hang in there, you'll come here to share good and bad again later. You look a full inch taller!

jayjaspersgarage · ‎10-25-2020

Tat happened to me when I sold my first wife. I set the price way too low. "Ba Da Dum"...... Ok, no seriously she died from a stroke. I told the doctor that was a stroke of good luck! "Ba Da Dum"

Dealing in precious metals can be tricky if you don't know the basics. I'm sure this lesson won't hurt for too long. because there is always a silver lining.....

Things to look for are .925, AG , anything with a small "k" after it might be gold. Not all coins have enough silver content to be listed as silver. I think 80% is the minimum threshold to be able to click on "silver". I just specify the exact percent on all the silver coins I list.

inhawaii · ‎10-25-2020

Welcome to getting old!

As we get older we make more and more mistakes. The alternative this this would be DEATH. I'll take making more mistakes. 😉

Sea Of Love - The Honeydrippers

inhawaii · ‎10-25-2020

Can 2020 get any worse? We'll see in about 8 days......

Sea Of Love - The Honeydrippers

sin-n-dex · ‎10-25-2020

@fern*wood wrote:
Sorry, you almost made it through the year, though. Most of us have made mess ups of some degree---I'd rather just not know about my own.

I'm sure there's ones I don't know about, which is fine.

Since I had to remit money to the store on this one, I kind of found out the hard way that I sold it for much too less.

C.

sin-n-dex · ‎10-25-2020

@*smedley* wrote:
so... they gave you something to sell, and didn't tell you what it was or how much they expected for it?

seems to me that the buyer got a great deal and the B&M store is only owed whatever percentage of the profit that was agreed upon... there WAS an agreement of some sort, right?

Their tag (the one that's in the ziplock with the item) said they wanted silver melt, whatever that happened to be at the time I sold it. So by selling it for $30 which was $48 less than silver melt, I need to remit the $30 plus another $48 to make up for my error.

The agreements depend on the items because their store is departmentalized and different people take care of different inventory (silver stuff, world coins, Canadian coins, US coins, Royal Canadian Mint Product, Stamps, Jewellery...) On a lot of the silver coins that don't have a catalog value much different than melt, they just ask for the melt price when it sells. It needs to sell for more to pay for fees and the part I get to keep. I try to get 120-150% of melt if I can, and if I can't, I often won't take it.

C.

sin-n-dex · ‎10-25-2020

@mtgraves7984 wrote:
I feel ya. And just when you thought 2020 could get no worse...
You've learned, you'll hang in there, you'll come here to share good and bad again later. You look a full inch taller!

I was wrong, I thought this was my first mistake... I forgot about the Australian stamps I wanted to sell for $99 but ended up putting $39 when I listed it. I corrected this by making my price part of the name of the photo when grabbing it so I can spend time assessing then spend time listing, instead of trying to do everything at once.

But the stamps mistake came out of my pocket entirely because I'm the one who paid too much for that album (which I realized when I received it), and then turned around and sold the stamps for much too less to adequately cover my costs.

C.

sin-n-dex · ‎10-25-2020

@jayjaspersgarage wrote:
Tat happened to me when I sold my first wife. I set the price way too low. "Ba Da Dum"...... Ok, no seriously she died from a stroke. I told the doctor that was a stroke of good luck! "Ba Da Dum"

Dealing in precious metals can be tricky if you don't know the basics. I'm sure this lesson won't hurt for too long. because there is always a silver lining.....

Things to look for are .925, AG , anything with a small "k" after it might be gold. Not all coins have enough silver content to be listed as silver. I think 80% is the minimum threshold to be able to click on "silver". I just specify the exact percent on all the silver coins I list.

The medal wasn't marked, but when I researched it I found out there was only silver and bronze varieties (there could be gold, but not from what I found out online). I got the silver in it by weighing it. One one site they identified it as sterling purity.

The silver lining is that on my partner's account he has sold $200 CAD in tokens today, and I get half after fees (because they're my tokens). So that will make up for my mistake, however I would have preferred to get half and keep half.

C.

sin-n-dex · ‎10-25-2020

@inhawaii wrote:
Can 2020 get any worse? We'll see in about 8 days......

I'm in Canada, and I'm very concerned about that. But I'm not sure that type of discussion belongs in the sellers forum.

C.

inhawaii · ‎10-25-2020

@sin-n-dex wrote:
@inhawaii wrote:
Can 2020 get any worse? We'll see in about 8 days......
I'm in Canada, and I'm very concerned about that. But I'm not sure that type of discussion belongs in the sellers forum.

C.

Canada? I may join you there. We'll see in about 8 days. Got a extra blanket? 😃

Sea Of Love - The Honeydrippers

dirk12955 · ‎10-25-2020

Tagging on. I'm reminded of the sheet of stamps I sold for 99 cents when I didn 't enter the correct price of $9.99

And back before ebay, I'm reminded of the Ten dollar gold piece I paid $100.00 too much for when I read the wrong line on the grey sheet.

And the 100 oz silver bar I paid 60 cents an oz over spot instead of 40 cents below spot like i wanted to.

And on, and on, and on........

jayjaspersgarage · ‎10-26-2020

Even I make mistakes. I couldn't even spell "That" correctly in my first response. True, the unmarked medals are even harder to identify without a lot of research.