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 Replies: 18 / Views: 3,717 |
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Valued Member
United States
279 Posts |
It is a pretty safe venture for the buyer. The funds won't be available to the seller for a while through PayPal. They are frozen there for up to a month so any issues, and the buyer will get his money back with little headache.
Edited by NYBrian84
07/06/2012 4:33 pm
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Pillar of the Community
 Mexico
1304 Posts |
NYBrian84, that's what I thought, but couldn't tell you where PayPal policy states that they hold the funds.
I have heard some stories of people selling an expensive fake item after getting a few positive feedbacks. Once paid, they drain the account and vanish.
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Pillar of the Community
United States
5833 Posts |
A bargain if its real, but I don't know enough to tell rather its a fake just from a one sided coin image.
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Pillar of the Community
1283 Posts |
I would have taken a shot at it. Just because the guy only has 10 feedbacks doesn't make him a crook.
$600 for a descent $10 liberty is worth the gamble. Plus paypal is pretty good about protecting the buyers IMHO, not so much their sellers.
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Valued Member
United States
279 Posts |
Harrison2, I have a couple ebay accounts, and I just started using my second ebay account to sell coins after not using it for YEARS. All the funds go to my one PayPal account, and after I sold my first set of coins on ebay with that account I checked my PayPal account and all the funds were frozen. I didn't understand why, and after looking into it there are requirements for them to no longer freeze the funds. You need to have sold your first item at least 3 months ago or longer, you need to sell a certain dollar amount worth, and I believe you need a certain amount of transactions as the seller. (This is all off the top of my head, so they might be a little off.) |
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Pillar of the Community
United States
1454 Posts |
NYBrian84 is correct. At least a 3-week hold, unless the buyer provides +feedback.
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Pillar of the Community
United States
4008 Posts |
Quote:
Just because the guy only has 10 feedbacks doesn't make him a crook. No, it doesn't but it also does not prove that he is legit. That BIN price does seem pretty low, though. Might be a good deal but it also might not. If you notice the hairs on the back of your neck standing up over a deal like this, it is probably wise to skip it. |
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Bedrock of the Community
United States
36841 Posts |
No reverse photo, could be badly damaged. I agree with the others on the seller not having a very long track record, too expensive of a coin to take a chance on with a seller with 10 feedbacks.
If the coin is real, not damaged and delivered as promised, who ever took the chance got a great deal.
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Pillar of the Community
United States
1661 Posts |
A little detective works shows: The seller, after being dormant since '07, wears a 3XL woman's jumpsuit, owns a dog with bladder issues, and is furnishing her lizard's aquarium - and has sold one item, a $600 gold coin. I think the buy has taken quite a risk. http://feedback.ebay.com/ws/eBayISA...dbackAsBuyer |
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Pillar of the Community
United Kingdom
2624 Posts |
I don't like the "No returns excepted" statement either... if the coin is what it is supposed to be then no one in their right mind would return it and to allow returns for the first 14 days would allow that to be varified.
If in doubt leave it out...
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Pillar of the Community
United States
3670 Posts |
You could get the 600 back through ebay but you would have to prove via documentation that A the coin was indeed fake and then you would have to wait to get the case settled, via more time lost and time is money, via red tape b.s..... But way better then not getting it back at all.... I just had to wait a month to get 335 back from a crook who got back to back negatives (one from me) for not sending items and I sent wrong bars to two different buyers.... Fortunately the guy who got the 10 bar who had bought 5, was way cool and sent it back and wanted the 5 oz. he had won. I got it back and sent it on to him. I refunded the other parties money.... They left me a neg, and said they would remove it if I refunded money. I refunded it and they did not remove it of course, so typical. Even left it before I could even contact them and correct the situation, oh well.... ebay sent me message saying I handled it right and quickly, and that it was most unfortunate that they left neg before even making contact with me first. So they did not count it against my power seller or top rated status, and so I got those back! I have been logging those tracking info in fast as well, so as to meet the ebay requirements so as to maintain top rated and power seller status. And it is the only professional way to do business anyway.... Edited by Silverhawk74
07/06/2012 10:00 pm
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Pillar of the Community
United States
808 Posts |
@ArrowsAndRays - I did some similar checking of that seller's buy/sell history. There's no way to know, but I suspect her asking price indicates she didn't fully understand what she was selling and wanted a quick sale. Unfortunately, dealing with ill-informed sellers can be just as problematic as dealing with the crooked ones. I'm not going to lose sleep over missing this deal.
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Pillar of the Community
United States
1659 Posts |
It could simply be that the seller didn't do enough research and didn't realize they could have gotten more for their coin when they listed for that price. Or it could be they needed a quick sell. You never know.
I once snagged a 20-gram gold bar for under melt within less than one minute after it was listed as a Buy It Now. The seller never shipped. 11-days later, they refunded my money with a lame excuse. Basically they got an interest-free loan for 11 days.
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Pillar of the Community
United States
3670 Posts |
What would it have been, 850 or 900 normally, so a saving of 300 is big time in something as clear cut as PMz....
Another words one could search until they are blue in the face and never find a similar deal that turned out to really be legit, as 99% knows within 25 bucks either way the average selling price of a particular item....
Other things not so clear cut, where values can greatly vary in the eyes of different owners....
And situations like that is where one has a chance to get a special item for less then what it is generally worth....
I saw where a couple won a unique old bronze statue for 2600 on Auction kings, and it turned out to been made by a famous sculpture and the only other two known to exist were in museums and they sold it for 35k....
I would consider that a most rare home run, but again a scenario you most likely will never find on the PM hunt....
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Pillar of the Community
Mexico
1304 Posts |
ArrowsAndRays, talk about cutting to the bone, that's some good research! Made me laugh!
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Replies: 18 / Views: 3,717 |
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Posted 07/06/2012 4:35 pm
