Belleville, MI
Quoted from wolverinetuner:Here’s something I’d like to put out there for pinsiders’ consideration. Three different times I’ve bought a pin from a non-pinhead who posted a for sale ad (on Craigslist or Facebook Marketplace), and later realized he had underpriced the pin. In the first two instances, each seller, without any prompting from me, told me he realized he had underpriced the pin but was still sticking with the price he had posted rather than raising the price. In the third case, the seller had gotten so many buyer responses that he asked me if he had underpriced the pin. I said he had (in this case it was almost giving the pin away), and I eventually paid him three times what he originally asked, which ended up being a fair price, IMO, for the pin in its condition. Recently, a seller on pinside raised the price of a pin apparently a couple times and apologized, saying it was originally priced way too low after getting responses, and received some pushback from pinsiders.
As a general matter, what do you think the ethical standard should be in terms of raising a posted price for a pin after receiving interest when originally posted at a certain price?
I've always honored whatever price or item I'm selling.
I sold a beautiful 1977 Trans Am for way less than it was worth after I had changed my mind about selling it at all.
In retrospect though, I wish I had told the seller I'd changed my mind. He had told me it was his dream car, was going to hand it down to his son, blah blah blah, and sold it in less than a year later for 3 times what I sold it to him for.
