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Replies: 40 / Views: 4,380 |
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Pillar of the Community
United States
968 Posts |
Looks like in the end someone paid $3750 for a (likely) details coins. Hope they are happy!
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Pillar of the Community
United States
7630 Posts |
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!)
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Pillar of the Community
 United States
5862 Posts |
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...
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Pillar of the Community
United States
968 Posts |
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.
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Valued Member
United States
282 Posts |
And the 2nd highest bidder also with 100% at GC. Something smells fishy here and I don't see the beach anywhere nearby.
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Valued Member
United States
282 Posts |
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
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CCF Advertiser
United States
1533 Posts |
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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Pillar of the Community
United States
968 Posts |
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.
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Valued Member
United States
282 Posts |
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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Pillar of the Community
United States
7630 Posts |
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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Replies: 40 / Views: 4,380 |