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Beware of Catalogue Values

 
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Gooner
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Joined: 25 May 2007
Posts: 1271
Location: England, UK

PostPosted: Tue Jul 30, 2013 9:10 pm    Post subject: Beware of Catalogue Values Reply with quote

Just a warning for new collectors. There is a tendency on eBay (and other auction sites) to give a Catalogue Price of a particular item for sale.

What the seller often forgets is the catalogue price refers to a copy in A1 condition, not with any marks or off-centre or in the case of cylinder blocks should be angle up (on the left) and straight cut (at least) on the right hand side.

Let me show you an example on sale as of writing. I won't name the seller as he/she is no worse than a lot of others. I am using this one only because it has a relatively high "catalogue value".
(Note: What is disappointing is that the seller advertises him(her)self as a member of the PTS and therefore should know better but that is another story.)

The seller says the item below has a catalogue value of 130 - this may well be so - I don't have a latest copy of the pre-decimal catalogue but even in mine it is 95.

It is (I assume) Scotland 3d (XS3) 2B MNH and being sold offered at 42.99 (starting price))



I personally think that to advertise the above with a catalogue price of 130 is misleading to the bidder. I certainly would not pay anything like 43 for a cylinder block in this condition. Not only are there the marginal deficiencies but it could certainly not be described as "centred"
(NOTE: It is quite common for this period for "off-centre" issues to be produced).

If it were a little more like the one below (although still not A1) I would probably look at it in a different light.


Bottom line the item for sale does NOT have a catalogue value anywhere near 130. As always in cases such as this remember "caveat emptor" - buyer beware.
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Dave
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cdj1122
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Joined: 08 Jul 2007
Posts: 952
Location: Houston, Texas pending eye surgery

PostPosted: Tue Jul 30, 2013 9:41 pm    Post subject: Reply with quote

Quite often sellers stretching of the truth goes far beyond the acceptable limits of "Salesman's Puffery."
The unfortunate thing is that there are so many gullible buyers who some day will be transformed into either disappointed sellers or people who are convinced that "philately" and "scam" are synonyms.
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Charlie Jensen
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Gooner
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Joined: 25 May 2007
Posts: 1271
Location: England, UK

PostPosted: Tue Jul 30, 2013 10:05 pm    Post subject: Reply with quote

cdj1122 wrote:
....that there are so many gullible buyers

Whilst I fully agree with your concerns, I hesitate to use the word "gullible".
There are a number of new collectors who would (quite rightly) think - ... "hey this guy is a member of the PTS if he says it is worth 130 who am I to argue AND he is offering it for ONLY 43!"

Mind you "gullible" is polite in comparison to the term used for pretty much all eBay buyers on an Oceanic based forum we all know and love!! Very Happy
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Dave
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stevevp
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Joined: 15 May 2012
Posts: 62
Location: Milton Keynes, UK

PostPosted: Wed Jul 31, 2013 12:23 pm    Post subject: Reply with quote

Gooner wrote:

Mind you "gullible" is polite in comparison to the term used for pretty much all eBay buyers on an Oceanic based forum we all know and love!! Very Happy

Now don't get me started ...

Wink
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cdj1122
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Joined: 08 Jul 2007
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PostPosted: Thu Aug 01, 2013 3:13 am    Post subject: Reply with quote

Well, I wasTRYING to be polite.
Cool
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Charlie Jensen
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steve519
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Joined: 28 Feb 2017
Posts: 11

PostPosted: Mon Mar 06, 2017 7:19 pm    Post subject: Reply with quote

i love the crazy world of Ebay

fantastic stamps going for almost nothing

and absolutely rubbish stamps going for shed loads

and that magic moment you find a sleeper Smile

[img][/img]

the seller didnt look at the postmark date
and the 1d has the listed lions nose scratch flaw
i got it for 2.46

steve
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Gooner
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Joined: 25 May 2007
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PostPosted: Mon Mar 06, 2017 11:35 pm    Post subject: Reply with quote

A good buy Steve, eBay can be useful if you know what you are looking for and don't get dragged into an auction spree.

The one that get me are those that are selling, for example,
A standard BUSINESS SHEET with no description listed at 99.99 BIN and they sell 100s of these things!!!!.... I am assuming for postal use, whereas if the buyer went down to his post office he could buy it for 64, even if the buyer lived abroad, RM would post it to him for less than 70.

Still, never mind, the wonderful world of eBay. Rolling Eyes Rolling Eyes
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steve519
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Joined: 28 Feb 2017
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PostPosted: Tue Mar 07, 2017 5:49 pm    Post subject: Reply with quote

i totally agree with you.
i remember trying to get a GB 2015 Press Sheet 175th Anniversary of The Penny Black Limited Edition of 1000 from royalmail at the time was sold out. so i had no choice but to pay a ebay seller almost 80 for a pre-order one. but a few days later i went back to royal mail site and checked again and they had some in stock (must of been some cancelled orders) so i cancelled the ebay sale and got one from royal mail.
looks great in my display case on the wall. ive got number 745

i am surprised that royal mail did'nt make the 2d blue a second class stamp
instead of both the 1d black and 2d blue both 1st class stamps

im also shocked that the mini sheet is now selling for about 70 on ebay compared with the press sheet that's selling for 80
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cdj1122
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PostPosted: Thu Mar 30, 2017 6:06 pm    Post subject: Reply with quote

To the point about sellers using some catalogue "value"
as an indication of actual worth,
I have long suggested that the word "Value"
be avoided by conscientious stampers in favor of
"catalogue listing" since, at best the numbers
provided by the publisher are little more than
a comparison of rarity a year or more old
on the day the new owner first opens his
new reference book.
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" .... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
Charlie Jensen
Lecanto, Florida
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Charles
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Joined: 29 Jul 2016
Posts: 20

PostPosted: Mon Jun 19, 2017 9:05 pm    Post subject: Reply with quote

Gooner wrote:
A good buy Steve, eBay can be useful if you know what you are looking for and don't get dragged into an auction spree.
:

you've said a mouthful. In general, the buyer should has a nice knowledge and good luck to buy something good there.
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cdj1122
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Joined: 08 Jul 2007
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Location: Houston, Texas pending eye surgery

PostPosted: Tue Jun 20, 2017 11:40 pm    Post subject: Reply with quote

In any buying situation, not only when dealing with eBay sellers, the buyer should be responsible for his/her knowledge or the lack thereof.
I watched a case on TV a few days ago where a young girl, in her twenties, was suing an auto shop about the vehicle she had purchased.
The Judge asked, Did you test drive the car ?..."
The plaintiff replied, [/i] "No. your honor."
"Well did you bring a mechanic along to look at the engine ?"
"No. your honor."
"Why not"
"It was dark?
"How did you seen the car ?"
"I had a flash light"
"You used a flashlight and had no one to at least listen to the engine ?"
"Yes your honor, but the engine did not run, because it had no battery then."
"Well was there a warranty from the seller, let me see your 'Bill of Sale'"
"They never gave me one, just a receipt for my deposit."
"What did you get ?"
[/i]PS; The dealer had a signed Bill of sale, and guess what, no warranty at all, expressed or implied.
"I got the car., the dealer plates And they signed the title."
"When did it break down ?"
"On the way home that next day when I brought the second $1,000.oo to pay the balance for for the car."


I believe the seller installed a battery and brakes.
As far as I can recall this is as accurate as my recollection can offer.
This is why from the days when the Roman said Caviat Emptor. and demonstrates a further aphorism;
While beauty is only skin deep, stupidity goes straight ton the bone.
Ebay reminds me of the Old West where there was no established law.
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Charlie Jensen
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