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Why Is This Coin Being Sold Raw?

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Pillar of the Community
Saruma's Avatar
United States
968 Posts
 Posted 09/11/2016  11:43 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
Looks like in the end someone paid $3750 for a (likely) details coins. Hope they are happy!
Pillar of the Community
westernsky's Avatar
United States
7630 Posts
 Posted 09/12/2016  12:17 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
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
barryg's Avatar
United States
5862 Posts
 Posted 09/12/2016  09:00 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

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
Saruma's Avatar
United States
968 Posts
 Posted 09/12/2016  11:51 am  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
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 Get a Link to this Reply
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 Get a Link to this Reply
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
Andrew99's Avatar
United States
1533 Posts
 Posted 09/12/2016  2:50 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
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?!?
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Saruma's Avatar
United States
968 Posts
 Posted 09/12/2016  2:58 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
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 Get a Link to this Reply
OR it may be some bidders that think GC has the most incredible coins in the world in addition to a great photo department.
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westernsky's Avatar
United States
7630 Posts
 Posted 09/12/2016  9:40 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
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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