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Why Is This Fake Coin Going For So Much On Ebay?

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United States
462 Posts
 Posted 11/13/2014  5:21 pm Show Profile   Bookmark this topic Add KisNap to your friends list Get a Link to this Message Number of Subscribers
This listing is for a 1872 Trade dollar and the seller states that it's not Silver. The U.S. didn't start minting Trade dollars until 1873 anyway and this coin doesn't even look like the minted Trade dollars. . The bidding started at $43.99 which I get for a novelty piece, but now it's over $3,000. Am I missing something here? Is it actually worth that much?

http://www.ebay.com/itm/1872-Trade-...em1c48f35c2b
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 11/13/2014  5:30 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
look at the bidders...
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RK55's Avatar
United States
2189 Posts
 Posted 11/13/2014  5:36 pm  Show Profile   Check RK55's eBay Listings Bookmark this reply Add RK55 to your friends list Get a Link to this Reply
The same bidder O***r (1) feedback is bidding on most of this sellers items.

I am sure no one else will bite and the seller will eventually cancel the bid if his "buddy" wins it.


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yhbearcats's Avatar
United States
688 Posts
 Posted 11/13/2014  5:40 pm  Show Profile   Bookmark this reply Add yhbearcats to your friends list Get a Link to this Reply
If I am not correct, I hope someone will correct me, but this is a replica/counterfeit of 1872 Trade dollar Pattern coin. From my understanding, only 6 actual pattern coins were made.

I highly doubt this income of the 6 real coins, owned by an ebay seller in Armenia with limited feedback.
Edited by yhbearcats
11/13/2014 5:42 pm
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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 11/13/2014  6:22 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
Item is located in Armenia. Nothing against Armenia per se, but 'nuff said.
Colligo ergo sum
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 11/13/2014  6:57 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply

Quote:
Why is this Fake Coin Going for so Much on ebay?


One word: idiots.
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United Kingdom
1351 Posts
 Posted 11/13/2014  8:17 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Put a huge bid in and don't pay.
You can't get a neg.
If a few US bidders put bids in together he might have problems getting the fees back.
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jpsned's Avatar
United States
2202 Posts
 Posted 11/13/2014  8:29 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
It's a scam to get other people to bid high on a worthless coin. The seller's buddies (or even the seller himself, under a different name) bid high with the hope that innocent (though dumb) people will think it's for real and bid accordingly. If nobody else bids, the seller--or his buddies--is not out anything.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/13/2014  9:00 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
If nobody else bids, the seller--or his buddies--is not out anything.


The bidder in question here has bid on - and won - 15 items. Yet he has only one Feedback. Odd, don't you think?
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vermontensium's Avatar
United States
16679 Posts
 Posted 11/13/2014  9:16 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
And of course, returns not accepted by yet another ethical seller.

Wait till the winning bidder finds out it's not genuine.
swcoin.ecrater.com
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861 Posts
 Posted 11/13/2014  9:19 pm  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
What's really interesting is this. The coin hobby act laws do not apply to Armenia. The seller can send the coin to the US buyer, but, the US buyer is obligated. under law, to destroy the coin. The buyer also can not send the coin back to the seller as that is considered using the mail to commit a criminal act. The buyer would have to stamp "copy" into the coin if he/she wishes to legally keep or resell the item.
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jpsned's Avatar
United States
2202 Posts
 Posted 11/13/2014  10:52 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
And check out his feedback as a buyer. There are about three or four different comments from different "sellers" that keep repeating themselves, over and over and over.
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TreasHunt's Avatar
United States
2540 Posts
 Posted 11/14/2014  08:00 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
They think it is a rare pattern.


Or they are just plain stupid
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jimbucks's Avatar
United States
4692 Posts
 Posted 11/14/2014  10:05 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
What a joke. Let the buyer (if the buyer is even real) get burned on it.
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cipster's Avatar
United States
2362 Posts
 Posted 11/14/2014  11:04 am  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
Too bad that I can't contact d***c because I have a shiny new 2014 Lincoln available for only $2000
Member ANA and EAC

"You got to lose to know how to win".
Dream On by Aerosmith
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zookr's Avatar
United States
335 Posts
 Posted 11/14/2014  1:55 pm  Show Profile   Bookmark this reply Add zookr to your friends list Get a Link to this Reply
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