Posted 7 years ago
I have an online shop and recently sold this item. Before I list my vintage and antique items, I always make sure to do extensive research on everything, but sometimes you can't always get all the information that you need. Based on the other sellers who sold this EXACT bank, this seemed to be 'cast iron' or so I assumed based on the other sellers listings and I advertised this as a cast iron bank and had it listed for $70, even though my research showed it had sold for a bit more on the other sites...(I try to give extremely fair pricing on my items) It actually sold and I shipped it to the customer.
To my dismay, the customer wrote and informed me that it was 'pot metal' and that she was a collector of cast iron toys and wanted to return it...I wanted to make the customer happy, so rather than having her ship it back to me, and trying t re-sell it, I asked what she felt was fair...she chose to be refunded $60 and ended up only paying $10 for it.
Because I was not sure if it was 'pot metal' or 'cast iron'..I felt terrible about advertising it as cast iron to begin with, so I refunded her, without doing more research first. After I refunded her practically the entire amount...my curiousity got to me and I found ths online:
As you can see....whether it is pot metal or cast iron...$199 is MUCH more than $10!!! I'm wondering if this was an intentonal scam by this individual...No biggie at this point, I'm just wondering if I truly did make a HUGE mistake?? Thoughts? Anyone familiar with old Warner Bros. collectibles or the difference between cast iron and pot metal?? Your advice and information is appreciated. Please only comment if you are genuinely giving me informative information...not criticism!! Thank you so much!!