One Ebay Seller Singlehandedly Manipulating Rare Coin Values Using TPG's!

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In fact I don't even think there's a burden of proof that these properties or items belong to the seller, or that the seller has the right to sell these items.

As for the graded coins, the sell price becomes "attached" to a number issued by a TPG and that sale price becomes a matter of record. The same coins sell multiple times, every couple weeks. Also, the 1907 St. Gaudens in the PCGS slab isn't recognized by PCGS. Am I wrong?

It's a heck of a dangerous game!

The SCAM word sure has been casually thrown around a lot lately...

Here is but one example of the exact same coin selling 4 different times in the span of less than a month.




I find it highly unlikely that four different buyers chose to resell the same coin immediately after purchasing it. And to use the same auction company to do so? Although not impossible, it's highly improbable. And being that most were "bid up" with multiple bids, screams shill bidding to me!
There is another example where the same exact 1955 DDO 1¢ NGC AU DETAILS "Improperly Cleaned" was sold six different times in five weeks. And it covered a much larger price margin, selling for hundreds then for thousands, back to hundreds then ultimately sold for $2000+!

Correct me if I'm wrong but all NGC and PCGS slabs sold at auction are included in that coins "details" data and recorded on their corresponding TPG webpage under "recent auction results", which in turn greatly influences the weekly/monthly Gray Sheet / Trends price guides?

To me that data is obviously corrupt, and should be excluded.

The more I look, the more corrupt auction data I find involving a wide range of many different types of slabbed coins.

ebay is obviously more concerned about their profit margin than reprimanding one of their high volume, "Top Rated Sellers" that has maintained such an outstanding feedback rating of 93%!

It may not be criminal....but it darn sure ain't right!

As has been explained, the bids are autobids and may have nothing to do with a living breathing human making an offer.

This isn't a scam - it's the way these auctions are set up. Some coins will be listed as sold several times before that real human actually appears.

Please explain what you are in such a tizzy about. From reading what you've written all I'm seeing is someone calling a dealer who sells millions of dollars worth of high value items a fraud.

In their sold listings, they also have many pictures of the exact same home, the exact same diamonds, the exact same etc etc. Their feedback is horrible though, and most of it is for low priced items. Maybe the expensive items never really sold at all, but just kept getting relisted.

There could be a reserve in the live auction that wasn't met.

Also, a lot of the negs are for payment refused, item not received, etc. This is because the high bid was on the floor, not ebay. This has been a huge problem with live auctions on ebay ever since they started.

This is the problem I have with these types of auctions and the way they operate. If the coin doesn't sell, they shouldn't say that it did just to roll it over to the next auction! Because this corrupt data IS being recorded into the auction archives of the TPG companies, thus greatly affecting the coins cumulative value.
The screenshot in my earlier post was from PCGS Coin Facts, and for that particular coin can't you see how the three corrupt auction results could greatly alter its average selling price and in turn, affect its speculative value?