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Beware, lots of Bogus ASEs suddenly popping up on ebay

derrybderryb Posts: 36,823 ✭✭✭✭✭
edited March 21, 2019 5:46PM in Precious Metals

Based on layout of the item description, obvious that just a couple of foreign scammers are creating multiple, multiple ebay IDs to push fake ASEs. Alibaba must have recently had an "ASE" sale.

MO:
Pics of genuine ASEs
close to zero feedback
hidden in description is "copy" or "made of iron" or "plated brass."
some of sellers are showing US location of item but by clicking the "shipping and payments" tab you find they are not in the US
Many of the listings have "HOT" in the title.

Just some of the "HOT" examples. (search includes a few valid sellers) Click on "other items" from the bad guys to see much more.

Due diligence is called for when the ASEs are below spot.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Thanks for the heads-up !!! :)

    Timbuk3
  • MsMorrisineMsMorrisine Posts: 33,078 ✭✭✭✭✭

    It's against TOS to misrepresent item location among the other violations

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    I do not buy there but thanks very much for the info @derryb :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • MsMorrisineMsMorrisine Posts: 33,078 ✭✭✭✭✭

    I see prices are up from the cheapo counterfeits recently posted

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • davidkdavidk Posts: 275 ✭✭✭

    Reported. Thanks.

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    reported...

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Scams on ebay are becoming so common that it is difficult to find legitimate sales...Well, not difficult, just bothersome. Cheers, RickO

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    What is more sad is if you go to Vietnam you can buy real gold and silver cheaper than in US so to make Fakes with no metal content at those prices is more o China move the Vietnam.

    Best place to buy !
    Bronze Associate member

  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

    hard to believe some of the buyers think the coins are real and giving the sellers positive feedback

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    "Due diligence is called for when the ASEs are below spot."

    In addition, read the "small print," most will indicate the non silver composition. Sellers location will also be a warning.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @1630Boston said:
    I do not buy there but thanks very much for the info @derryb :smile:

    Once the foreign ebay sellers import them to US buyers their future resale will not be limited to ebay.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭

    there goes that undeserved premium , for that dead common modern dreck. ;)

  • JoeCorradoJoeCorrado Posts: 51 ✭✭

    Stamped .999 fine silver but described as "Made of premium iron metal." :o

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