Declare the correct value on the Customs form?

I once traveled from Rochester, New York, where I lived, to the IKEA store in Toronto. It was a long time ago. I had 7 foot tall shelves sticking 3’ out of the back of my hatchback car wrapped with 100 feet of saran wrap because it was raining like hell. The border agent ln Canada asked me if I had anything to declare… There was no cost to bring it over the border, butI am still laughing at it to this day and it was 35 years ago. 

I lived near the Canadian border. Everybody said DO NOT LIE when crossing the border, EVER!

Bent

Thank you for your helpful replies.  By choice, the Seller is reputable and we’ve done deals before so this will be happily resolved.  Worst case scenario, just in case, the full refund is assured via PayPal and my VISA (based on prior experience alas).  Thanks again! 😊

My only question is:

What album did you pay $1,200 for?  I'm not judging, I'm just very curious what the "Holy Grail" album was.  A Beatles "Butcher Cover" variation?

@riie I used to. Still traveling there once or twice a year

$50 is what it's actually worth. You just paid $1200 for it. If it were me, my conscience could stand it. Anyway, if it's not what you thought you were buying then obviously it would be worth less than what you paid, wouldn't it?