Here's Another Counterfeit/Fake 1 Oz Gold Krugerrand On Ebay Closing Soon - Page 3

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glenmorenee Valued Member United States 311 Posts	Posted 04/24/2025 10:51 pm Someone got anxious and did the Buy It Now for $3400. I am not sure who ends up losing. Seller has to ship insured which costs at least $60. If buyer realizes it is fake, he invokes ebay guarantee, gets prepaid return shipping from ebay? and returns it. Once tracking shows it has been delivered, ebay refunds purchase price. So buyer will eventually get refunded but is tied up for awhile because there are a lot of moving parts. Seller has to cough up shipping, possibly both ways. Edited by glenmorenee 04/24/2025 10:53 pm Report this Post to the Staff
jbuck Moderator United States 187446 Posts	Posted 04/25/2025 09:34 am That is depressing. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
BadDog Pillar of the Community United States 1374 Posts	Posted 04/25/2025 12:06 pm Quote: Someone got anxious and did the Buy It Now for $3400. depressing, but also interesting. The ebay help page says this about auctions with Buy It Now options Quote: You can add a Buy It Now price to an auction listing, and it will be shown until the first bid is placed. The Buy It Now price has to be at least 30% higher than the auction starting price so shouldn't the Buy It Now option have went away once the first bid was placed Edited by BadDog 04/25/2025 12:07 pm Report this Post to the Staff
glenmorenee Valued Member United States 311 Posts	Posted 04/25/2025 12:09 pm I reported the item to ebay the day before. Sometimes they get to it and sometimes they don't. A gigantic waste of time for everybody involved. Report this Post to the Staff
glenmorenee Valued Member United States 311 Posts	Posted 04/27/2025 01:42 am Another one with bidding at $2950. Too many things wrong with this coin to count. https://www.ebay.com/itm/356819305761 Report this Post to the Staff
I6609 Pillar of the Community United States 1227 Posts	Posted 04/27/2025 06:39 am dealer dose not take returns. I'm far from an expert but very mushy and weak details and I'm sure there is more.$4.51 cents shipping on a gold coin worth over $3000. pass for sure. Report this Post to the Staff
jbuck Moderator United States 187446 Posts	Posted 04/28/2025 10:56 am Quote: Another one with bidding at $2950. Too many things wrong with this coin to count. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
glenmorenee Valued Member United States 311 Posts	Posted 04/29/2025 7:56 pm It appears that reporting obvious fakes to ebay is a waste of time. I've done this in the past and occasionally I'll see the auction removed but not lately. After the two that I just listed, I got an acknowledgement from ebay and then a generic response saying their AI has reviewed the listing and that it is in compliance. So as long as the listing doesn't violate any of the rules of listing then it is OK. Doesn't appear that a photo of a fake coin violates their rules because someone would have to try and authenticate thru photos. It may be that in the future, ebay will offer 3rd party authentication, probably thru NGC or PCGS. They already do this for sports and Pokemon cards. For instance, I sell a Pokemon card. Buyer buys or bids and wins and also checks the box to authenticate. I ship to authenticator, in this case, the PSA company. They confirm or deny and then forward the card to the buyer or returns it to me. My payment is withheld until buyer says OK. PSA does this for free but then gets to offer grading for a fee and or storage for a fee. Report this Post to the Staff
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Here's Another Fake 1 Oz Gold Krugerrand On Ebay Closing Soon