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 Replies: 15 / Views: 2,106 |
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Pillar of the Community
United States
1370 Posts |
I've seen a number of coins like this advertised on ebay where the seller was "unsure" of the coins authenticity.....usually 93 cc's or 89 cc's. And even with the questions about authenticity the coins go for big bucks. Do people not read before they bid? http://cgi.ebay.com/1893-CC-MORGAN-...em4aabd8c529 |
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Valued Member
Poland
114 Posts |
Some of people do not read. I've seen "artistic photos" of mobile phones sold on auctions for prices of real phones. Compared to that bidding on "unsure authenticity" coins is not as ridiculous as it is alone...
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Pillar of the Community
United States
830 Posts |
Yeah that date looks very odd. Maybe they don't read beyond the title...  |
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Pillar of the Community
 United States
1370 Posts |
I was watching an 1889 cc Morgan last week that went for $1100. The seller stated he bought it from someone that didn't think it was real but that it passed the magnet test....however the coin weighed in at 27.1 grams. $1100 down the drain....less 30 bucks for an ounce of silver
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Pillar of the Community
United States
8904 Posts |
I reported it.  |
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Pillar of the Community
Canada
902 Posts |
People always seem to be willing to bid much higher than they can get the same item buy it now.
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Bedrock of the Community
United States
10045 Posts |
Even to my Morgan noob eyes--the date sure looked fishy, like a modified 1883? But now it's gone!  |
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Pillar of the Community
United States
3345 Posts |
Quote:
Do people read before they bid? No. I would estimate that 60% of buyers don't read before bidding. |
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Pillar of the Community
United States
4778 Posts |
I wouldn't be surprised if they just saw the picture only and immediately put a bid.
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Pillar of the Community
United States
1510 Posts |
they removed it
Retired USAF 1983-2003
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Pillar of the Community
United States
648 Posts |
Quote:
/I would estimate that 60% of buyers don't read before bidding. of the ones that do read how many understand that 100 mills .999 pure silver one oz troy is not worth $55.00  |
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Bedrock of the Community
United States
17884 Posts |
And then a lot of them that don't read, once they learn they were fooled, go on coin forums to complain about how they were ripped off and that ebay should be doing something about the sellers. No culpability on their part for not reading or ignoring all the warning signs in the auction, it's all the sellers and ebay's fault. This does not mean that I think scamming auctions are OK, or that ebay should not try to put a stop to them and pull them when they are reported. Just that buyers need to exercise due diligence and take steps to protect themselves. READING the whole auction is a very good first step. I remember back in the early 2000's when 2001 silver proof set boxes were selling for real good money. |
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Pillar of the Community
United States
1370 Posts |
And I must admit I've done the same thing....scanned an item and description and bid.....however these have been on $10 items in which I was willing to take a chance. I have misread descriptions as well.....but that is my own fault and you can't penalize a seller for that. I do have a problem with sellers knowingly selling copies or coins who's authentication is questionable. The dealers I go to here display all the coins they've picked up that have turned up fake....they won't sell them but try to offer education to all who come in. I guess it all comes down to the old adage "let the buyer beware".
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Pillar of the Community
United States
648 Posts |
Quote:
I remember back in the early 2000's when 2001 silver proof set boxes were selling for real good money. hi condor OK so I read that, and my tongue in cheek detector went off!  due to the content of this thread possibly no silver ,no sets , no proofs or no 2001 I can read but will I know   I think that's why I'm here  for an education  |
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Bedrock of the Community
United States
17884 Posts |
I'm not kidding. The auctions would say in the title 2001 silver proof set, and then down in the description it would say that you are bidding on a 2001 silver proof set box. Some of the more honest ones might say toward the end of the description that no coins are included in this auction. It wasn't unusual to see those boxes being sold for $150 to $200. back when the XBOX II came out similar auctions were able to sell XBOX II boxes for up to $600. If you read Charlie Davis's auctions (Numislit) you will find in his description the notice that no coins are included in his auction. That's because he keeps having problems with people bidding on his books and auction catalogs and then getting real upset because all they got was a book and not the Mint State early large cents, Morgan dollars etc that were shown on the plates. After all they spent a good $40, now where are the coins shown! |
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Pillar of the Community
United States
648 Posts |
oh my goodness i did not think of just the box and I was forewarned   |
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Replies: 15 / Views: 2,106 |
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Posted 06/07/2011 11:08 am
