This may be a coincidence, but it's now happened five times with the same item in the past few months.
Some of you know that I have got so fed up with
ebay sellers listing very common British decimal coins on
ebay for ridiculously high prices that I've started listing examples of the same coin on
ebay for face value.
One coin that is frequently listed as 'Extremely Rare' on
ebay and priced in the hundreds or thousands of pounds is the 1971 1p - actually Britain's commonest coin, with a mintage of 1,521,666,250 and with very little premium over face value even in Uncirculated.
I've been listing 1971 1p coins on
ebay along with other items, and almost as soon as I put the coin on
ebay, I get a bid for it. The bids are always from buyers with zero or very low feedback (the highest was 34). A couple of them joined
ebay on the day I listed the coin.
The bidders win the coin but don't pay. I send an invoice but nothing happens, and then the automatic Unpaid Item Assistant kicks in. So I eventually get my final value fees refunded, but of course the coin has been removed from sale for a week.
I'm wondering if this is a conspiracy. Have some of the people trying to sell 1971 1p coins for £500 set up multiple accounts just so they can take my coins off
ebay for a few days?