Disturbing Bidding Up On Morgans

There are submittal/recieval delays and other discrepancies so you can still lose even with something so precise (Although I'm not sure you need something that precise). I usually prepare 3 bids for any auction.

Bid 1: Lowball bid, something like $15 on a $400 coin so it stays on my auctions list and I don't forget.
Bid 2: Semi-High Bid, something like 70%-85% of my max bid which I enter with 20 secs left.
Bid 3: Max Bid, Which I enter with 2-3 secs left. I don't use a bid sniper and it's worked out just fine for me so far.

My logic is, if I get outbid at the last second it won't matter because at that point my max bid would've been exceeded anyway and I wouldn't be willing to pay the price necessary to win the coin from the person using the bid sniper.

Maybe, but I can tell you I wasn't the winner. I have not had very good results lately on ebay.

Jimbucks

I think phone numbers are against ebay rules. ebay seems to turn a blind eye to this. (A LOT)

Buyers who are swayed to think the RAW coin is a MS66-77 because he wrote in on the 2X2 are beyond help. Those buyers richly deserve what they bid on.

Down side in this is for buyers who know the true worth and are forced to pay more or lose the coin. Same for shill bidding.




STAFF, if I have violated any CCF rules on this post, please just void it. Thanks

He has a lot of nice coins listed. At least they look real!

On the grading he is probably running at least 3 to 5 points too high. The 89-CC he has listed as AU/UNC but looks XF cleaned to me.

If he was sure the coins would TPG as high as he says they would, he would find the money to get them graded. Trust me.

ant76




No insult intended.

He is not going to send it in. He knows it will TPG lower.

He has more to gain by just writing MS66-67 on the 2X2. And the bidding proves that.

He seems to be doing a good job, on sucking in the less educated, newbies, ignorant, and auction fever nut jobs.

And of course this is at the cost to the better educated etc., etc.

This happens with lower value coins all the time too. My first coin I bought on ebay (just a few months ago) came in a coin flip with "GEM BU" written on it. It was a fantastic probably MS-64 WLH. Assuming this was the norm, I bid and won a Franklin half labelled "GEM GEM BU++" and "Key Date" on the 2x2. It turned out to be a XF coin at best that may have been cleaned. Looking at the sellers other auctions, I saw EVERY coin they listed, said "GEM BU++" and "KEY DATE". Fortunately that was only a $10 mistake to teach me to look CLOSELY at the coin. But I'm sure a lot of rookies have to get taken advantage of a time or two before they realize ebay is full of people with no conscience. Fortunately there are a lot of good dealers on ebay, too, but you have to be careful.

As an ebay seller who prides himself on honesty in listing and selling practices, it irritates me to no end that shilling is quasi-allowed, and that you can write whatever you want for grades on raw material. I am always tempted to just join the pack and start ripping people off, but my moral compass prevents me from doing so. I won't stoop that low for money.