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 Replies: 23 / Views: 4,162 |
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Moderator
 United States
15548 Posts |
Enjoy their auctions if you are 100% confident that you can grade the coins based on enhanced photos. I personally stay away.  David |
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Pillar of the Community
United States
2543 Posts |
Can't tell you more than my experience, though I would listen to the opinions of others here. They had some coins in their online store that were grossly overpriced, I offered them what they were worth, they accepted and sent me the coins. Didn't get any deal on the coins but didn't overpay either. Smooth transaction, no problems. Nice coins.
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Pillar of the Community
United States
1584 Posts |
Quote:
The last time I offered an opinion about them, the Bad Word Filter made it look like I didn't type anything. Thanks for that, Dave! Literally LOL. |
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Pillar of the Community
United States
7375 Posts |
Even a novice like me can spot iffy pictures and shill bidding. They just turn me off.
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Pillar of the Community
United States
3453 Posts |
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Pillar of the Community
 United States
3098 Posts |
I have purchased two coins from them and was happy with both.
I do think they have over-graded on some coins and noticed that they have now started to list coins without grades. They used to always be "GEM BU +++", "BU ++" and the like.
They were at 100% positive feedback but have dropped to 99.9% so they have had some recent negatives.
Paul Bulgerin
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Pillar of the Community
United States
5212 Posts |
I bought one coin from them even after hearing all of the horror stories (but it was slabbed ) |
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Pillar of the Community
United States
1298 Posts |
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Rest in Peace
United States
10625 Posts |
I came across a listing a few days ago by GSC for a 37-s Washington quarter that had 30 bids with a current price of about $5. I figured I'd check it out and decided to run the price up a bit as I thought it may be a shill bidder. I ran the bid up to $73 and the person (shill) had about 8 more bid increments above the $73 mark. The auction was closing last night and I just left it alone and went to bed. This morning I find an e-mail that my bid was cancelled. Apparently the price didn't make it to where GSC wanted it and they cancelled the auction. Here's the best part, the suspected shill has 2,500 bids in a 30 day period with 80% being GSC auctions. Coincidence? Oh, this is even better, I checked the recent feedback for GSC and never found feedback left by that bidder. Edited by dave700x
06/07/2014 09:03 am
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Pillar of the Community
United States
7375 Posts |
Nice experiment. I rest my case!
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Moderator
United States
16679 Posts |
Uhhh....no comment.
swcoin.ecrater.com
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New Member
United States
4 Posts |
IMHO they appear to be good sellers, and I want to be fair, but the photos do appear enhanced and in some cases the fields are kind of blown out (you can't really see the detail in the fields). Another problem: they only guarantee authenticity. This means to me that that can't guarantee that their coins haven't been altered. That being the case--and I know that their coins for the most part look awesome--I don't understand for the life of me how they have so many buyers. My wife and I have sent them basic inquiries about their coins and their photos, but neither of us has ever received a response. This all gives me pause
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New Member
United States
4 Posts |
In response to Dave700x, I've noticed that the bidder you mentioned--a***r(4228)--bids multiple times in many of the GSC autions, but appears to never win any. In my opinion, this is clearly shill bidding activity. He/she appears to bid very strategically, with an ubderstanding of coin values, and with no intention of winning.
Edited by davidrhorer
06/10/2014 12:27 pm
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Forum Dad
United States
24185 Posts |
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I've noticed that the bidder you mentioned--a***r(4228)--bids multiple times in many of the GSC autions, but appears to never win any. In my opinion, this is clearly shill bidding activity. Very common practice among bidders to try and scare off other bidders. The bid number increment is increased every time a bid is placed, even if the bid doesn't change the current high bid. So instead of bidding $30 one time, they bid $1, then $2, then $3... all the way to $30. No difference in what they'll pay, but now the auction shows 30 bids. In my opinion this is a flaw in the bidding system. The amount of bids should only change when the high bid amount actually changes. |
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Pillar of the Community
United States
7375 Posts |
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Very common practice among bidders to try and scare off other bidders. I don't think they (shills) are trying to scare off bidders. Just the opposite. By showing lots of bids on an item a potential bidder might say, 'oh, this is worth bidding on, everybody else is,' or this coin must be real, look at all the bids.' Having lots of bids on a coin doesn't scare me at all. I look at the coin and look at the price, that's all. Some have lots of bids, and some not so much, but that has very little influence on my bidding. |
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Replies: 23 / Views: 4,162 |
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First Page
Posted 06/03/2014 8:38 pm
