#Ebay rule of rose plus#

If a bidder refuses to pay, then the only option for sellers is to give “second chance offers” to other bidders or relist the item.įor items of a high value, eBay recommends that sellers put a limit on their listing to approve bidders. This is because in order to sign up to the website, users do not need to put in valid bank or PayPal details before making a bid. The most eBay can do is add a note to the buyer's account about the unpaid item or remove their ability to bid and buy. In its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality.

Remember to set a minimum price that is higher or at the very least equal to the face value of the coin.Įven if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough up. If you want to sell the coin you’ve found in your spare change on eBay then you need to know the risks. They usually deal in very old coins but they may be able to help you assess whether it’s worth selling your coin at auction or whether it would be valuable to a collector. If you’ve got a coin that you would like to sell at auction then you can contact a member of the British Numismatic Trade Association. Once you’ve found out whether the coin is real or not, you have a number of options - either selling it through a coin dealer, at auction or on eBay. These are often deemed the most valuable by collectors.

#Ebay rule of rose plus#

Given we don't know how many coins with the error on are out there it's impossible to say how much the coin could be worth plus a coin is only as valuable as a collector is willing to pay. Just yesterday, another sold for £98.28, plus £3.75 postage, after notching up 12 bids, and one went for £51, plus 76p postage, today after being bid on by 14 people. The most an error version of the Tragedies £2 has gone for so recently on eBay is £230, plus £1.83 postage, after receiving 30 bids on August 13.

It'll normally take a couple of weeks to get the results back to you.īut remember, there's a difference between a genuine error coin and one that is just imperfect, for example with a design that is not as clear as you'd expect.Īnd whatever you do, don't be tempted to splash your cash without evidence from the Mint confirming that it's a genuine error. The best way to find out if you have an error coin is to send it to the Royal Mint museum, which will analyse it and see if it is a result of a genuine minting error or not.