Has anyone made this mistake?

[Xander]

I auctioned two 1/4 oz gold Libertads on eBay last week, 0ne BU, one Proof, starting bid £240, 7-day auction, I forgot about them until I received an email from eBay telling me they were sold for £240, only one bid each coin, it seems I forgot to put a reserve on them. Costly mistake when you count free postage plus eBay/Paypal fees.

[KDave]

You are not obliged to send them, you cancel the sale any time, though your ebay feedback may suffer if the buyer wants his bargain and doesn't accept to cancel the transaction. I have made some costly mistakes on ebay myself but I just took the hit for the sake of feedback and future sales, but looking back I am not sure it was worth it for the sake of feedback. 

[Kman]

If its the auctions I think then Id guess it was your spammy looking ebay name, low & not 100% feedback + poor listing style that put people off

Looked kind of a scammy auction 

 

[Shinus73]

2 minutes ago, Kman said:

If its the auctions I think then Id guess it was your spammy looking ebay name, low & not 100% feedback + poor listing style that put people off

Looked kind of a scammy auction 

 

I have to agree with this conclusion. I was watching both of these lots and had I known it was a forum member, would certainly have bid for them.

However, the lack of description and low feedback score put me off.

 

[BackyardBullion]

1 hour ago, Xander said:

I auctioned two 1/4 oz gold Libertads on eBay last week, 0ne BU, one Proof, starting bid £240, 7-day auction, I forgot about them until I received an email from eBay telling me they were sold for £240, only one bid each coin, it seems I forgot to put a reserve on them. Costly mistake when you count free postage plus eBay/Paypal fees.

I have to agree with all the comments about the listing. It really did not look like a good auction to bid on.

85% feedback rating is quite low and the photos and description could have been better. 

You could try and cancel the items - but that risks your feedback going lower - but all things considered I think that is not a big issue. 

[Shinus73]

If you’re going to go down the route of cancelling the auctions (which I don’t recommend on reputational or ethical grounds), be sure that you would be comfortable with the same thing happening to you as a buyer.

[KDave]

If you don't have 100% feedback then I would say there isn't much stopping you from just cancelling the sale. 

[Xander]

21 minutes ago, Kman said:

If its the auctions I think then Id guess it was your spammy looking ebay name, low & not 100% feedback + poor listing style that put people off

Looked kind of a scammy auction 

 

Looking back I agree with you, pretty poor effort on my part with the description. my poor feedback was the result of a sale after the guy won the auction he then refused to pay the postage even though it was listed, I canceled the sale and he left me terrible feedback which is, I think quite unfair, I contacted eBay but they did nothing about it. Thanks for the advice

Lesson learned.

[Xander]

3 minutes ago, Shinus73 said:

If you’re going to go down the route of cancelling the auctions (which I don’t recommend on reputational or ethical grounds), be sure that you would be comfortable with the same thing happening to you as a buyer.

I agree, ( do to others) I honoured the sale as it was entirely my fault.

[Xander]

39 minutes ago, Kman said:

If its the auctions I think then Id guess it was your spammy looking ebay name, low & not 100% feedback + poor listing style that put people off

Looked kind of a scammy auction 

 

I think it's time to change that "spammy" Ebay name, to be honest, I never gave it a thought, cheers.

[whitesands1]

13 hours ago, Xander said:

I agree, ( do to others) I honoured the sale as it was entirely my fault.

I agree with you.  A deal is a deal.

Cancelling the sale would be a very poor reflection on a seller.  

[Fivepoundfred]

Yes you certainly did the right thing honouring the deal, with coins on EBAY reputation and feedback is mega important to get the best from it and the sooner you can get 100% feedback the better. On that subject i have just been looking at a gold proof £5 on Ebay, the seller has 100% feedback but had a seriously bad negative over 12 month ago which is now not considered in the feedback score. I would never consider buying this coin because of the asking price and certainly not with that feedback. Whether or not that bad feedback was justified is another question ?

[Goldhooked]

Honouring them was a good move.  At 85% feedback, any further negatives could see you losing your account permanently.