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 Replies: 21 / Views: 3,093 |
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Moderator
 United States
54280 Posts |
391495651587 - $579.95 (for sale, and one sold) 131946912010 - $800.00 (sold) Just curious, who wants 25 normal circulated twenties so bad they will pay $79.95 or even $300 over face value? What is really going on here, does anyone know? Search "lightly circulated" in paper money. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
5079 Posts |
Best guess:
Legal - this may be a slightly cheaper cash advance from a credit card for some people, or buyers deem this a safe way to gift cash through the mail.
Illegal - sellers are taking advantage of the vast amount of disreputable buyers with stolen credit cards. The seller should be covered by Paypal seller protection even under a chargeback, since the seller shipped with tracking and delivery confirmation.
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Bedrock of the Community
United States
94367 Posts |
Good theories, better than mine!
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Rest in Peace
United States
17900 Posts |
Much better than my guesses because all I could think of was thieves and stupid.
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Valued Member
United States
61 Posts |
It is also a way to turn "Ebaybucks" into cash if the site has nothing you want to buy.
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Bedrock of the Community
United States
94367 Posts |
Wait, wait - explain that a little. I think I understand, but explain.
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Pillar of the Community
United States
2023 Posts |
I'll give it a try... ebay Bucks (rebate points based on your purchases during the previous quarter) can be redeemed only on ebay, in certain categories, and for a limited time. If you don't use them within a month of when they're issued, they expire. So if ebay doesn't have anything else you want (I had trouble finding something last quarter, and I was budget-constrained), you could buy cash like this -- although with these markups, you'd have to have a lot of points saved up for it to be worthwhile, if using them your only motivation. |
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Bedrock of the Community
United States
11951 Posts |
ebay bucks - if your signed up for eBaybucks, every quarter you can earn ebay bucks based on the buying and selling you do. Last quarter my daughter had over $100 in ebay bucks to use for any ebay purchase. ---------------------------- Why someone would pay over face value for modern circulated notes.... I will not try to guess.
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Bedrock of the Community
United States
94367 Posts |
Alpha - You would need a staggering number of points, agreed.
Seller gives up, what, 11-12%?
Still makes no sense.
Edited by Coinfrog
11/16/2016 7:04 pm
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Bedrock of the Community
United States
94367 Posts |
GR58 - OK, understood, but how does this relate to the original question - selling common currency on ebay in bundles at a premium? |
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Rest in Peace
United States
17900 Posts |
You get 2% back for ebay bucks, so you would need to spend $40,000 in a quarter to accumulate $800 in ebay bucks and then not be able to find anything to spend the $800 on. Then you would need to prefer $500 instead of $800. Does not sound like the reason to me. |
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Pillar of the Community
United States
5079 Posts |
Well another idea, if going for an ebay bucks optimization / scam, is to wait until ebay offers Bucks promotions (which is common per month, depending on how much stuff you buy in general). ebay can boost the bonus to 10%. So nothing extra for the seller during the bonus, but the buyer on $500 would get $50 in Bucks that would be spendable at the beginning of the quarter. Practically nullifies the seller markup, and again, if using a stolen credit card, further increases the take. |
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Bedrock of the Community
United States
94367 Posts |
 I have some scams in mind - you guys for hire? |
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Moderator
 United States
54280 Posts |
It would be better to use your ebay bucks buying Gift Cards at a face value discount than buying cash at a premium. Something else is going on here. Is the seller just trying to increase their sales volume? Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
5079 Posts |
Maybe, but there are a lot of these being sold across multiple sellers, and it just reeks of something devious that we have or have not mentioned.
Oh, and we didn't mention that these could be photos of real legal tender, but some sellers ship the "movie money" bills that are booming on the site, but edited to look exactly like a legal bill (i.e. counterfeit).
Edited by indian_hoarder
11/17/2016 12:20 am
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Rest in Peace
United States
17900 Posts |
We've got enough smart folks on here that we should be able to figure this out.
Yes, Frog, I'm in for a percentage,
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Replies: 21 / Views: 3,093 |
Posted 11/16/2016 5:05 pm
