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Another Run-Up Bid For This Ebay Seller

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Mike1487's Avatar
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 Posted 02/06/2018  11:33 pm Show Profile   Bookmark this topic Add Mike1487 to your friends list Get a Link to this Message Number of Subscribers
https://www.ebay.com/itm/1917-D-Lin...AOSwVLRacQpw

Just when I think I've seen the most ridiculous auction this guy has listed, something like this comes along.

Ah, the good ol' 17 feedback bidder with 63% bidding on this seller. Really makes you wonder. I'll let you come to your own conclusions. Go ahead, check the vast majority of the other auctions and you will likely find similar occurrences. Sigh.
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Crazyb0's Avatar
10197 Posts
 Posted 02/06/2018  11:53 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
I can somewhat see what you're driving at, but what's so hard to realize a pair of your buddies doing some shill bids? It is either shills, of which I do think the 63% is, started at the beginning auto upping. Not sure if the other is a competing bidder on hook or a pass off shill at end of run to set hook on any other snipes.

No hook set here!

Make some coin markers, may see this listed again.
Edited by Crazyb0
02/06/2018 11:56 pm
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spru's Avatar
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 Posted 02/07/2018  01:13 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
Ah, the good ol' 17 feedback bidder with 63% bidding on this seller. Really makes you wonder.


The reason why the 17 feedback bidder had so many "bids" was because of proxy bidding. That bidder put in their maximum bid over two days before the auction ended. Every time someone else comes in and tries to bid, they are automatically outbid and that counts as a bid.

The winner has over 900 feedback and beat Mr. 17 more than two hours before the auction's end with no other activity. That's not a completely unreasonable price depending on what grade you expect (65 and above).

I see a lot of suggestions of shill bidding, but I think many are due to not equating the timeline and occurrence of bids with the proxy bidding system that ebay uses.

Also, consider this: a collector could have joined ebay to seek out rare and valuable coins for auction and not selling. They don't get feedback for bidding. So someone buying a $1500 coin 17 times is what? That means that if every rare coin they bought was that price, it's over $25k spent on ebay, and there may have been some higher priced items.

Who knows? Maybe GSC has a team of shills, but when looking through their ended auctions, it is not apparent.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
02/07/2018 01:27 am
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Mike1487's Avatar
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 Posted 02/07/2018  02:30 am  Show Profile   Bookmark this reply Add Mike1487 to your friends list Get a Link to this Reply

Quote:
Who knows? Maybe GSC has a team of shills, but when looking through their ended auctions, it is not apparent.


That's fine, I just like to bring this up for discussion occasionally. Not sure how long you've been following this seller, but I have for quite a while and there are certain patterns.


Quote:
The reason why the 17 feedback bidder had so many "bids" was because of proxy bidding.


This is flat out wrong. I know very well how proxy bidding works. Read the text from ebay:

"Only actual bids (not automatic bids generated up to a bidder's maximum) are shown."

The 17 feedback bidder recorded 19 actual bids for this item, not proxy bids. It does not count proxy bids.

Here's a couple more:

https://www.ebay.com/bfl/viewbids/3...047675.l2565

29 feedback and 43 feedback bidders

https://www.ebay.com/bfl/viewbids/2...047675.l2565

17 feedback bidder
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chafemasterj's Avatar
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 Posted 02/07/2018  07:03 am  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
If there is a way for someone to abuse a system for profit, they will. Unfortunately.
Check out my counterstamped Lincoln Cent collection:
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nss-52's Avatar
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 Posted 02/07/2018  10:06 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Go to GSC sold items.
Sort them highest to lowest.
One at a time, look at the bid history.
Look at the bid history of bidders with less than 100 feedback.

It is interesting to me how many sold items have at least one bidder that has ONLY bid on GSC's coins in the last 30 days.


Note: in the bid history an ID is "hidden" but reveals two letters in the bidder ID, but when you click on that bidder's history, ebay uses a different hiding technique but still reveals two letters of the bidder ID, but they might be different letters. This solves nothing, but if a shill bidder full ID is ever identified, then up to four letters of the ID could be compared to the bid history.

Example:
372132761549
34 bids
one bidder t***t
t***t's bid history = a***a (so this actual ID has 2 t and 2 a in it)
100% bids on GSC listings
is currently bidding on 33 different listings
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BadDog's Avatar
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 Posted 02/07/2018  4:54 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
I'm not so sure that having a large number of actual bids means that "shill" bidding is occurring.

Sometimes, when I put a bid in and am immediately outbid by someone else's max bid, I will bump my bids up by the min bid increment until I just become the high bidder. I'm just trying to figure out what the current max bid is.

Yeah, I know that I can figure it out by putting my max bid and if it outbids the old max bid then I'll know what the old max bid was as well. But, I tend to think that doing it this way can force the bidding higher early in the auction.

As far as GSC is concerned, I've never tried to analyze their sales and have never purchased anything from them. They seem to take good pictures, but somehow their non-slabbed coins just always seemed to be a bit off to me. It's probably just me.
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 Posted 02/07/2018  5:04 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Ah, the good ol' 17 feedback bidder with 63% bidding on this seller. Really makes you wonder.


Completely ridiculous accusation. When we were power sellers selling heavy on ebay we had dozens of buyers with 90+ bidding percentages on our stuff. These were people that don't like ebay but met us at shows, flea markets, etc. and were given a card. They made the exception to use ebay FOR US.
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SsuperDdave's Avatar
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 Posted 02/07/2018  6:16 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Disabuse yourselves of the idea that GSC needs shill bidders. They don't; they have plenty of dedicated fish on the line as it is. Even if they_do employ shills (I don't believe the case is proven either way), refer to Bobby's point about repeat buyers. People are vendor-loyal. It's how we are. I have a small circle I buy from whenever I can, too.
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spru's Avatar
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 Posted 02/08/2018  01:32 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
with bobby131313 and SsuperDdave.

I am fairly new to buying coins, but have already developed a couple "go-to" sellers with good stuff, decent prices and great reputations (that does not include GSC as I've never purchased from them). If I'm looking for something specific, I will see if they have it first before branching out.


Quote:
This is flat out wrong. I know very well how proxy bidding works. Read the text from ebay:

"Only actual bids (not automatic bids generated up to a bidder's maximum) are shown."


The operative word there is "shown". Yes, they count as bids in the final tally, but they are not shown in the bidding timeline. Also, a low feedback bidder really means nothing. I have sold things many times to buyers with feedback under 20 and the transactions were great. Only zero and negative feedback (which I'm blocking, I think) buyers raise an eyebrow, but hey, a new user has to start somewhere!
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
02/08/2018 01:41 am
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jbuck's Avatar
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 Posted 02/08/2018  10:47 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
People are vendor-loyal. It's how we are. I have a small circle I buy from whenever I can, too.
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 Posted 02/08/2018  11:04 am  Show Profile   Bookmark this reply Add otto to your friends list Get a Link to this Reply
I agree with the "vendor-loyal" argument. Don't forget that GSC is established and has lots of inventory to appeal to someone as a one-stop shopping destination.
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nss-52's Avatar
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 Posted 02/08/2018  4:26 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
ebay has made it virtually impossible for ordinary folk like us to view and collect any definitive proof of shill bidding. Only circumstantial evidence, and that proves nothing that can result in any action by ebay.

FREE ADVICE: If you think they are shill bidding, do no buy from them.
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jdmern's Avatar
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 Posted 02/08/2018  5:06 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply

Quote:
Ah, the good ol' 17 feedback bidder with 63% bidding on this seller.


I'm sure I have buyers that would show up with 100% on mine... Many buyers are quite loyal to whom they purchase from
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Mike1487's Avatar
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 Posted 02/10/2018  8:04 pm  Show Profile   Bookmark this reply Add Mike1487 to your friends list Get a Link to this Reply

Quote:
When we were power sellers selling heavy on ebay we had dozens of buyers with 90+ bidding percentages on our stuff. These were people that don't like ebay but met us at shows, flea markets, etc. and were given a card. They made the exception to use ebay FOR US.


GSC doesn't do shows or flea markets, it's strictly online. They have a website, that's it. ebay is pretty much their main sale platform.

I get it, I'm sure I'm underestimating the devoted buyer base. Probably explains 95%+ of sale prices.

It just seems to me there are a very high number of very low feedback bidders. And they have an extremely high number of bids. It's not like GSC is new, I would expect their base of bidders to mostly have lots of feedback by now and less low feedback bidders always so heavily involved with bidding. I guess that could be normal, I don't really know. Does that make sense as to where I'm coming from?

I'm not accusing, I said wonder. That's not completely ridiculous at all. Just because you as a powerseller always play by the rules doesn't mean someone that has been notorious time and time again for juicing photos might also create other advantages for themselves.


Quote:
Disabuse yourselves of the idea that GSC needs shill bidders.


Nobody needs shill bidders. It's all about generating even more profits. If there is an opportunity to do that, any business person could decide to consider that if they are unethical. In fact, I would argue that shilling is even more beneficial the bigger the bidder base, there is more exposure, more items, more profits.


Quote:
eBay has made it virtually impossible for ordinary folk like us to view and collect any definitive proof of shill bidding.


Agreed, I can't prove a thing. As long as I'm not violating forum rules, I like to post when I see something really unexpected. If I am violating, I apologize and will stop.

When I first wrote the post, I meant to just mainly focus on the $1500 price tag for the raw 1917-D Lincoln Cent. That is above MS65RD money, which is ridiculous. You could buy a slabbed one for less. I think this is a problem coin, the obverse color is not right. Just amazes me a bidder would bid that high no matter how devoted to the seller they are. Does the devotion have a limit?

Here's another one today:

https://www.ebay.com/itm/1917-Linco...AOSw9vlac4At

This is a 1917-P cent going for MS66RB slabbed money! Are you kidding? Their bidders must have endless money.
Edited by Mike1487
02/10/2018 8:21 pm
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