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Why Is This Coin Being Sold Raw?

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Pillar of the Community
United States
968 Posts
 Posted 09/02/2016  9:07 pm  Show Profile   Bookmark this reply Add Saruma to your friends list
Heynow,

Just link to the main feedback page. There is a table of their postive, neutral, and negative reviews at the top of the page. Anyone can just click on the negatives to get a page with just those.
http://feedback.ebay.com/ws/eBayISA...backAsSeller
Bedrock of the Community
United States
17884 Posts
 Posted 09/02/2016  10:12 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Hmmmm... How are they on returns if you submit a coin for grading and it comes back "Improperly Cleaned" or "Damaged" or the like? Will they take it back and refund the money you spend trying to have it graded?

Read their terms


Quote:
Please Read Before You Bid

You are bidding on a RAW Coin.

We guarantee AUTHENTICITY ONLY!

We do not offer grades on raw coins, and we do not guarantee grades on raw coins.


So they don't guarantee that the coin will grade at any level, so no they won't return your grading fees (Unless it turns out to be counterfeit). Also since they require the coin to be returned in the original holder, and within thirty days of receipt odds are good tht you won't be able to get any refund. Hard to get it back from the TPG within 30 days unless you pay high for expedited grading, and you are not likely to still have it in the original holder.


Quote:
Or could it perhaps not even really be a proof to begin with?

If it isn't then you would really have something valuable. The 1878 is a proof only issue. If you find a business strike you've got a treasure.
Edited by Conder101
09/02/2016 10:13 pm
Valued Member
United States
89 Posts
 Posted 09/03/2016  3:26 pm  Show Profile   Bookmark this reply Add chevelle7167 to your friends list
I have been burned by GSC before. They do sell a lot of high end coins, but if they are raw assume they have been cleaned, whizzed, etc. I have learned my lesson from them. The only way I would buy something from them is if it's either certified or a heck of a deal considering its likely damaged.
Pillar of the Community
United States
2917 Posts
 Posted 09/04/2016  11:34 am  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list
Some of us don't like slabbed coins much. Rule of thumb is if it's a reputable dealer, there's really no reason the coin needs to be slabbed. That said, given this particular dealer's "reputation" I would not buy a raw coin from them unless I could see it in person.

Why-Is-This-Coin-Being-Sold-Raw?
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Valued Member
United States
291 Posts
 Posted 09/10/2016  3:55 pm  Show Profile   Bookmark this reply Add usc96 to your friends list
There is damage on the obverse at 4 o'clock.
Pillar of the Community
United States
968 Posts
 Posted 09/11/2016  11:43 pm  Show Profile   Bookmark this reply Add Saruma to your friends list
Looks like in the end someone paid $3750 for a (likely) details coins. Hope they are happy!
Pillar of the Community
United States
7630 Posts
 Posted 09/12/2016  12:17 am  Show Profile   Bookmark this reply Add westernsky to your friends list
The "winning" bidder has 90% of their bidding activity with GSC. They also placed a a higher bid above their winning bid to make sure they "won" the coin.

Most likely the "winner" was a shill for GSC (or the real owner of the coin protecting their investment!)
Pillar of the Community
United States
5862 Posts
 Posted 09/12/2016  09:00 am  Show Profile   Bookmark this reply Add barryg to your friends list

Quote:
Looks like in the end someone paid $3750

Yeah, I saw that. Makes me feel a bit better knowing that there's no way I missed the chance at grabbing a great coin for a cheap price. Had it sold for $1000, I'd have been real bummed...
Pillar of the Community
United States
968 Posts
 Posted 09/12/2016  11:51 am  Show Profile   Bookmark this reply Add Saruma to your friends list
Good catch westernsky. I know GSC is infamous for photography that hides flaws but I figured that if they had something that seemed ok I'd give them a try as I could always return it. But now that it appears extremely likely that they use shill bidding there is no way I'd buy from them.
Valued Member
United States
282 Posts
 Posted 09/12/2016  2:46 pm  Show Profile   Bookmark this reply Add syeb to your friends list
And the 2nd highest bidder also with 100% at GC. Something smells fishy here and I don't see the beach anywhere nearby.
Valued Member
United States
282 Posts
 Posted 09/12/2016  2:49 pm  Show Profile   Bookmark this reply Add syeb to your friends list
Hey wait a second, the 3rd highest bidder with 11,251 feedback score, and the next highest with 1,666 score also shows as 100% with this seller. Is there something wrong with ebay's system or are we reading this wrong?

Scrolling down the list, there is a bidder with 19,600 feedback score with 64% of bis activity with this seller. How is this even possible?
Edited by syeb
09/12/2016 2:50 pm
CCF Advertiser
United States
1533 Posts
 Posted 09/12/2016  2:50 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list
Someday someone has got to explain to me how you can have a shill account win a $3700 coin on ebay. Does this not cost them at least $175 in final value fees? Do all of those "wins" get cancelled or "returned"? Don't you think ebay would catch on after it happens five or eight times?!?
Pillar of the Community
United States
968 Posts
 Posted 09/12/2016  2:58 pm  Show Profile   Bookmark this reply Add Saruma to your friends list
Andrew99, ebay should have algorithms to catch people doing this, but they don't for whatever reason. As far as the final value fees go, you can do what is known as a mutual cancellation where the buyer clicks a couple links which sends a notice to the buyer. The buyer then clicks that he agrees to the cancellation and no money changes hands between them or with ebay.
Valued Member
United States
282 Posts
 Posted 09/12/2016  3:07 pm  Show Profile   Bookmark this reply Add syeb to your friends list
OR it may be some bidders that think GC has the most incredible coins in the world in addition to a great photo department.
Pillar of the Community
United States
7630 Posts
 Posted 09/12/2016  9:40 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
ebay doesn't aggressively police the shill problem because it would cut into their end-game revenue stream and prosecuting offenders would cost money.

They do slap the hands of Seller/shillers that they catch by making them go do an online tutorial and suspending them for a couple of weeks. TOS does allow them to close accounts.

The big players (like GSC) probably have shillers located off-premises which makes it harder to catch (and prove) shilling.

We all know what is going on though.
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