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$10 Gold-What Was Wrong With This Auction? (Sold For $605)

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harrison2's Avatar
Mexico
1304 Posts
 Posted 07/06/2012  2:54 pm Show Profile   Bookmark this topic Add harrison2 to your friends list Get a Link to this Message Number of Subscribers
Please help educate me...

http://cgi.ebay.com/ws/eBayISAPI.dl...p=true&rt=nc

It was a buy it now...but the price seems rediculously low.

Am I missing something?
Edited by harrison2
07/06/2012 3:19 pm
New Member
United States
31 Posts
 Posted 07/06/2012  3:10 pm  Show Profile   Bookmark this reply Add harthag12 to your friends list Get a Link to this Reply
Just a guess here but 90% gold coin I believe, about half an ounce, seller w/ very little feedback. Seller w/ 10 feedback I personally wouldn't buy it either.
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coinwatch's Avatar
United States
808 Posts
 Posted 07/06/2012  3:35 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Wow. I would have passed, too. If it turns out to be a good coin, though, that was a heck of a deal.
New Member
zarocks's Avatar
United States
18 Posts
 Posted 07/06/2012  4:20 pm  Show Profile   Bookmark this reply Add zarocks to your friends list Get a Link to this Reply
Looks like it was posted with a $600 Buy-it-Now price. Someone sharp noticed and grabbed it less than 2 minutes later. A really good deal if legit...
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NYBrian84's Avatar
United States
279 Posts
 Posted 07/06/2012  4:32 pm  Show Profile   Bookmark this reply Add NYBrian84 to your friends list Get a Link to this Reply
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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harrison2's Avatar
Mexico
1304 Posts
 Posted 07/06/2012  4:35 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
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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macmercury's Avatar
United States
5830 Posts
 Posted 07/06/2012  4:37 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
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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throwbackid's Avatar
1283 Posts
 Posted 07/06/2012  4:40 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
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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NYBrian84's Avatar
United States
279 Posts
 Posted 07/06/2012  4:44 pm  Show Profile   Bookmark this reply Add NYBrian84 to your friends list Get a Link to this Reply
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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traevin's Avatar
United States
1454 Posts
 Posted 07/06/2012  5:05 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
NYBrian84 is correct. At least a 3-week hold, unless the buyer provides +feedback.
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Ed_B's Avatar
United States
4008 Posts
 Posted 07/06/2012  8:21 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

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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IndianGoldEagle's Avatar
United States
36745 Posts
 Posted 07/06/2012  8:30 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
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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ArrowsAndRays's Avatar
United States
1656 Posts
 Posted 07/06/2012  9:17 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
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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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 07/06/2012  9:17 pm  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
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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Silverhawk74's Avatar
United States
3670 Posts
 Posted 07/06/2012  9:58 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
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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coinwatch's Avatar
United States
808 Posts
 Posted 07/06/2012  10:11 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
@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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