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Someone Spent 100k!

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Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 01/13/2013  5:40 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
I think it was a shill transaction with the conman's extended family playing their parts in this sordid drama.
Yeah--the number of bidders with (0) or (private) ratings are interesting . I'm inclined to believe collectors bid to shut this thing down.
Valued Member
Coin Addict's Avatar
United States
110 Posts
 Posted 01/13/2013  5:58 pm  Show Profile   Bookmark this reply Add Coin Addict to your friends list Get a Link to this Reply
I find this discussion fascinating and agree with those who believe knowledgeable collectors bid it out of reach. I wonder what the scoundrel will think when he doesn't get paid and ebay refuses to help. I can only hope he's already spent the money or better yet bet it with the local leg breaking bookie. Life is strange and sometimes the good guys triumph.
Pillar of the Community
scurry64's Avatar
United States
900 Posts
 Posted 01/13/2013  7:18 pm  Show Profile   Bookmark this reply Add scurry64 to your friends list Get a Link to this Reply
I would think that a seller who made $100,000 on a single coin could have shipped for free. Nope, $23.00 shipping fee.
Valued Member
mailman28's Avatar
United States
416 Posts
 Posted 01/13/2013  8:52 pm  Show Profile   Bookmark this reply Add mailman28 to your friends list Get a Link to this Reply
it looked like a good deal to me......NOT
I may be fairly new to buying coins but I am not new to ebay. Just as easy to spot a bogus listing as a fake coin.
Valued Member
judd1552's Avatar
United States
156 Posts
 Posted 01/13/2013  9:07 pm  Show Profile   Bookmark this reply Add judd1552 to your friends list Get a Link to this Reply
The high bidder was a CU forum member, and there was a contest between several members who knew exactly what they were doing. No one will get stuck with the coin. It'll never leave Beijing.
Pillar of the Community
chequer's Avatar
Canada
4227 Posts
 Posted 01/13/2013  9:18 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply

Quote:
No one spent $100k. This no doubt went to one of a group of knowledgeable bidders who bid up fake coins so that new folks will not be fooled and buy them. They won't pay and will tell ebay about the fake.


Yup
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 01/13/2013  9:44 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
No one will get stuck with the coin. It'll never leave Beijing.
Good! Let that be a lesson to them.
Pillar of the Community
861 Posts
 Posted 01/13/2013  10:48 pm  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
A typical 1796 off-centered bust dollar Counterfeit. They are easy to spot as the bust on the Counterfeit is located far to the left(not centered). The Chinese Counterfeiter that made this coin made the mistake using an authentic 1795 Draped Dollar as his model. Unfortunately for him, he used the 1795 off-centered variety. Other major problems with the coin is the pimpling all over the coin. I'm sure this seller will be NARU'd from ebay inside a week.
Pillar of the Community
hesgut's Avatar
1028 Posts
 Posted 01/14/2013  2:23 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
I like how ebay had this as their spotlight sale in their new (and dumb) "what's hot" feature right before pulling it completely and banning the seller. Way to go, guys.
Edited by hesgut
01/14/2013 2:25 pm
Pillar of the Community
M0nks's Avatar
United States
1770 Posts
 Posted 01/14/2013  7:19 pm  Show Profile   Bookmark this reply Add M0nks to your friends list Get a Link to this Reply
id pay 100,000 in monopoly money
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 01/14/2013  8:03 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
id pay 100,000 in monopoly money
Years ago when ebay was more flexible, I created an ID just to toy with the fake coin scammers. I remember winning a fake, sending him play money with a note "fake money for a fake coin". I provided my address in his hometown--the police station.
Pillar of the Community
GoldenChest's Avatar
United States
814 Posts
 Posted 01/14/2013  8:22 pm  Show Profile   Bookmark this reply Add GoldenChest to your friends list Get a Link to this Reply
That is a great idea.
Pillar of the Community
mdpmedia's Avatar
United States
3546 Posts
 Posted 01/14/2013  10:54 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
28 bidders?


People can behave at times like herds of cattle all following behind one another when they think that they can get a steal of a deal.

The emotional of fear, however, will always remain significantly stronger than the feelings of greed which is why only 28 bidders were involved.

If it had been perceived as a genuinely authentic piece, we could have seen over 100 bidders.

mdpmedia
Pillar of the Community
861 Posts
 Posted 01/17/2013  10:13 am  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
It's BAAAACK. Same exact coin, same exact picture and same exact $23 shipping fee:
http://www.ebay.com/itm/Draped-Bust...160957585104

This crook is really tenacious. He will not be happy until he scams someone.
Valued Member
rycolemet's Avatar
United States
238 Posts
 Posted 01/17/2013  10:40 am  Show Profile   Bookmark this reply Add rycolemet to your friends list Get a Link to this Reply
he doesn't quit. I like how they also listed a random t-shirt.
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