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Beware Of Rip Offs On Ebay

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One Red Cent's Avatar
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169 Posts
 Posted 03/04/2008  12:41 am Show Profile   Bookmark this topic Add One Red Cent to your friends list Get a Link to this Message Number of Subscribers
I'm not totally down on ebay like some people are, because I think there are some legitimate deals that you can find there.
It's also true that there are some rip offs on ebay. There was a big uproar recently due to people who were "slabbing" coins in their basements and then selling the stuff on ebay. People were buying coins expecting the MS65 or MS70 that the slabbing service graded the coin, only to find that the grades were off by five points or even more! Recently ebay put severe restrictions on the sale of "basement slabs" pretty much driving a lot of those con-artists out of business!
Tonight, I saw that there are some bogus bank notes being sold on ebay too. There were two different sellers, one in NY state and the other in Washington state, doing the same thing.
They were selling notes that were cut from the sheets that are sold to the public. Instead of cutting the notes properly, they cut them so that half of two different notes appears on each "error note". It's obvious that they are manufactured errors, because the serial numbers start out with "99", just like all the notes that were sold in sheets to the public.
Both sellers used the exact same sales tactic and wording. Their headline says they have notes with two different serial numbers. Now, we notephilatelists know that notes with two different serial numbers command a hefty premium.
When you click on the headling, it leads you to the bogus note. Their ads then go on to say that the notes are "probably" not errors and that they were "probably" cut from the publicly sold sheets.
I think the only proper words to use would be that the notes were "DEFINATELY not errors" and that they were "DEFINATELY cut from publicly sold notes".
I found ads for four of the manufactured "errors". They sold for $40, $38, $27, and $8. That's $113 for four notes, about $28 each. "Somebody" is taking a sheet of 32 notes that is worth perhaps $75, cutting it up and getting 28 of these "errors" and selling that $75 sheet of notes for $784. WHAT A RIP OFF! Here are the links to the ads:

http://cgi.ebay.com/UNC-1981-1-00-2...VE_W0QQitemZ230224628214QQihZ013QQcategoryZ3415QQssPageNameZWDVWQQrdZ1QQcmdZViewItem


http://cgi.ebay.com/UNC-1981-1-00-2...VE_W0QQitemZ230226894709QQihZ013QQcategoryZ3415QQssPageNameZWDVWQQrdZ1QQcmdZViewItem


http://cgi.ebay.com/Unc-2-Serial-Nu...VE_W0QQitemZ290211222930QQihZ019QQcategoryZ40029QQssPageNameZWDVWQQrdZ1QQcmdZViewItem


http://cgi.ebay.com/Unc-2-Serial-Nu...VE_W0QQitemZ290207826286QQihZ019QQcategoryZ40029QQssPageNameZWDVWQQrdZ1QQcmdZViewItem


Edited to add this important development: Both of the sellers block the identity of their bidders so nobody can write to them and tell them that they've been ripped off. How quaint.
Edited by One Red Cent
03/04/2008 12:46 am
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GO's Avatar
United States
6563 Posts
 Posted 03/04/2008  12:51 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
quote:
The note is probably not an error and was cut this way from an uncut treasury sheet


There is really nothing wrong with this auction. It has 2 serials and it really could be an error...but I doubt it.

It's a novelty piece and anyone that bids on it has the responsibility to read the entire auction.

Now if they called it "RARE US Mint Error! L@@K @T THIS!!"
then I'd be a bit peeved

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