Latest Ebay Scam... :( - Coin Community Forum

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Author	Replies: 6 / Views: 1,841
pattiewhack Pillar of the Community Canada 1152 Posts	Posted 06/21/2007 1:56 pm http://cgi.ebay.com/ws/eBayISAPI.dl...160128884389 Now they keep the user ID's private so people who know this is a scam can't contact the unknowing bidders :( and people who have been scammed by this seller can't warn them either... ebay really can be a hard place to learn a lesson. *Edited by Forum Mom to move to ebay Discussions section* Report this Post to the Staff

Vaslin Pillar of the Community United States 914 Posts	Posted 06/21/2007 2:02 pm I'm sorry, but what's the scam that he's pulling? Other than he's advertising a $13,500.00 on a $71 bidded item. Report this Post to the Staff
pattiewhack Pillar of the Community Canada 1152 Posts	Posted 06/21/2007 2:07 pm This coin is graded by a false grading company- they put MS-60 coins into MS-68 slabs and sell them to newbies for much more than they're worth. It ruins the hobby for many people and takes place ALL OVER eBay- just search GGC, SGS, NNC, or basically any 3 letter acronym you can think of. Almost anything except PCGS and NGC is most certainly an over-graded scam. Andrew Edited by pattiewhack 06/21/2007 2:08 pm Report this Post to the Staff
Jaobler Pillar of the Community United States 6385 Posts	Posted 06/21/2007 2:47 pm Hi Pattiewhack, This coin does look like a very attractive, full-red uncirculated 1909 VDB. It's almost certainly overgraded as MS-68 but if it crossed over to PCGS at MS-65 Red (for example) the current bid would be pretty fair. This seller has an impressive 99.7% positive feedback rating for 1400+ transactions. If I were interested in this coin I'd first email him to confirm whether I could return it if I didn't like it. I usually feel pretty safe bidding on ebay, if the following conditions apply: 1) The seller has lots of feedback with 99+% positive ratings. 2) The coin photos are clear and large enough to see detail. 3) The seller offers a reasonable return privilege. 4) The seller accepts PayPal. I've only been burned once when I sent $20 to a guy who failed criteria 1, 3, and 4 on my list. Sure the guy was a cheat but if I'd followed my own rules I'd still have my $20! Just my opinion! Report this Post to the Staff
pattiewhack Pillar of the Community Canada 1152 Posts	Posted 06/21/2007 2:56 pm I agree completely and my criteria match yours, minus the Paypal part. I find Paypal good and easy to use, and I do use it a lot- but if they suspect you of swindling money (Never would I do this, but at one point in time Paypal suspected me of it), paypal bites you HARD. The coin certainly looks nice, but when a noob ends up paying $200.00 for it it will possibly riun the hobby. I expect his feedback is so good because buyers leave it, and then months or years later find they overpaid on theyr purchase, but by then it is far too late. Report this Post to the Staff
yechi7 Pillar of the Community United States 717 Posts	Posted 06/21/2007 3:21 pm quote: Almost anything except PCGS and NGC is most certainly an over-graded scam. I think ICG & ANACS are both safe & reliable grading companies. I've personally seen nicer examples & more conservative grading from ICG over NGC! I've seen Presidential dollar coins, for instance, that ICG graded MS-63, MS-64, MS-65 that were noticeably nicer & had less visible flaws than their NGC counterparts. Even though NGC has the reputation & sells for a higher comparative amount, I trust the grading of ICG more! Report this Post to the Staff
pattiewhack Pillar of the Community Canada 1152 Posts	Posted 06/21/2007 6:27 pm Agreed. I trust ANACS and ICG as well. I just said PCGS and NGC to keep it simple. There are good companies but the bogus ones far outnumber them. Report this Post to the Staff
	Replies: 6 / Views: 1,841

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