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 Replies: 13 / Views: 1,512 |
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Rest in Peace
United States
2684 Posts |
This auction just finished with the winner getting the 1882-CC PCGS MS-66 Morgan for $611.02. PCGS MS-66 82CCs normally go in excess of $1500 (to $1900), so it was a steal. http://cgi.ebay.com/ws/eBayISAPI.dl...m=8353740059It started life as a three-day auction at 99 cents with a title, "1882 CC Morgan dollar MS66". It attracted my eye in an ebay "Favorites Search" email. Its title gave me the immediate impression it was yet one more over-graded raw coin, so I was surprised to find it a PCGS MS-66. Apparently, a lot of other people had the same impression and skipped over it for this reason, so by the end of the second day, it had only a handful of lookers in the counter and was up to only about $90. Being the hopeful greedy type, I put in a snipe for $150, then raised it in increments as others discovered it and greedily hoped the same thing I did: that it wouldn't be widely noticed and would go cheap. With about 90 minutes left, it was still at only about $250, so I went up to a little over $300, crossed my fingers, then drove off for a get-together. When I returned, I found I hadn't gotten it, but that it went for only about 40% of what it could have gained. Too bad, but I didn't want it that badly since I already have one (for which I paid twice as much more than two years ago). Moral of the story: an accurate title is critical for an auction. If the seller had included "PCGS" in the title just before the MS-66, he could have realized full ebay market value or at least substantially more than he did. (This presumes all else is considered, e.g., the seller's poor feedback, poor description, and no image of the reverse, and presumes the image isn't Photoshopped or that the whole auction isn't a fraud.) Edited by Morgan Fred
12/14/2005 7:34 pm
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Valued Member
United States
363 Posts |
Yeah, Fred, you're right. Not only a bad title, but the description only says great coin in very good condition! But, yes, you wonder too if the winner will even get a PCGS coin, or anything at all. Don't like his/her feedback!
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Forum Mom
 United States
5877 Posts |
Looking at this guy's feedback, I get the impression that he's less than honest. I wouldn't want to risk spending that kind of money with him. Maybe there were others who felt the same way. I wouldn't be surprised if he didn't even have the coin and is just going to pocket the money. Just my opinion, of course.  |
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Moderator
United States
23522 Posts |
Isn't it ironic that he's selling a "guaranteed profitable" trading system? Physician, heal thyself.
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Rest in Peace
 United States
2684 Posts |
quote:
Originally posted by Susanlynn9
Looking at this guy's feedback, I get the impression that he's less than honest. I wouldn't want to risk spending that kind of money with him. Maybe there were others who felt the same way. I wouldn't be surprised if he didn't even have the coin and is just going to pocket the money. Just my opinion, of course.
It was a calculated risk on this auction. I was willing to risk up to a little over $300, but the winner decided he was willing to risk more, so he got it. If he's lucky, the risk will pay off; if not, he loses more than $600. If I can keep it together, maybe I'll be able to follow up with the feedback they give each other. |
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New Member
Bahrain
7 Posts |
Notice it was a 3 days auction, I usually avoid those ;)
stamps,coins and collectables
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Rest in Peace
United States
2684 Posts |
Hi stylebid and welcome to the forum! I see you've been reading around, getting the flavor of the forum. Yes, a three-day bid is suspicious although some people do it to raise fast cash. In this auction, it's a toss-up whether or not it's legitimate; there's too much wrong with the auction and seller. It's still too soon to see any feedback, but I'll be watching and will post when/if any comes through.
Fred
Edited by Morgan Fred
11/24/2005 7:49 pm
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Valued Member
United States
89 Posts |
Well, so far no feedback has been exchanged, so it is not looking good for the buyer. If the buyer gets stiffed, hopefully he will get to do a PayPal reversal before it is too late!!
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Forum Mom
United States
5877 Posts |
I'm sure that, if we see any feedback at all, it won't be positive. This guy is a real loser. I wouldn't have bought that coin for $20 from this joker. Maybe his "guaranteed profitable trading system" involves fraud.  |
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Rest in Peace
United States
2684 Posts |
After watching for feedback on this auction for more than a month, I sent a message to the buyer asking how it went. His response:
"Another member alerted me of the problem I asked if the coin pictured would be the one I would recive and I would complete the deal no response so I left it alone and consider the matter closed."
After all the negative feedback, I'm surprised the seller hasn't been NARU'd.
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Forum Mom
United States
5877 Posts |
I'm glad that the buyer held onto his money. A seller can have loads of negative feedback but not get NARU'd except for specific problems reported to ebay (such as not delivering the product). Unfortunately, this guy will probably eventually get booted and just come back with a different ID. Happens every day...sad, but true.  |
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Rest in Peace
United States
2884 Posts |
Just for grins I ran the PCGS slab number and at least the coin in the picture is a PCGS registered coin. Mike
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Pillar of the Community
 United States
5953 Posts |
Anyone else notice the item sellers location. This seems to ring alarm bells in my poor memory.
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Rest in Peace
United States
2684 Posts |
Atlanta is a fair ways from Savannah and our old fiend *deleted* aka pamia003 aka... yadda, yadda. If he had taken Pamela's Basic Fraud 101, he flunked.
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Replies: 13 / Views: 1,512 |
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Posted 11/17/2005 9:45 pm
