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Bad 1856 cent on HiBid
burfle23
Posts: 2,588 ✭✭✭✭✭
I have seen HiBid advertised in the RareCoin Market Report; they currently have a bad 1856 Eagle cent in auction per the images.
I have sent a note through their webpage with no response and the auction still active- hopefully no one gets burned on this but the bids are up to $3705...
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that 6 is redonkulous.
how is it that MORE sites listing counterfeits are popping up along with ads. (doug davis even commented on this in a recently posted vid)
LOL! - Yes, the 6 looks like the schoolyard bully!
Hi Bid is not a coin site. It is an auction hosting site. That actual coin is being sold by an auction house and only hosted by HiBid. They host all kinds of auctions.
So who should I contact for help with this bad listing?
the auctioneer on the web page
https://hibid.com/lot/92480656/key-date--1856-us-flying-eagle-cent-penny-coin/?q=&ref=lot-list
That's where I started- no response.
https://www.facebook.com/HiBidAuction/
anyone cross-reference whois?
That 1856 FE is SO fake. Not deceptive at all.
Again, HI Bid is just hosting. Whois won't help with the actual auction company whose name is in the listing.
Vail Auctioneers Inc. In WA
It is deceptive enough to get bidding up to $3705 with 41 bids!
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that's not what i was getting at.
Sorry, but I don't understand what you're getting at then.
.
through hibid or vail auctions direct?
$3805 and just over 12 hours left!
I anyone going to be awake now to do anything?
................and that's why they're probably not answering.
Pete
Then these bidders should be collecting beanie babies. They sure don't know anything about coins. I wonder, too, how many of these bids are legit. They need to learn at least the basics when spending that kind of money.
That FE was only a drop in the bucket of all the counterfeit coins that are up for sale on that auction. There are gold plated 2021 AGEs going for gold melt. There is a 1917 LWC DDO also that is fake as the day is long. All the gold plated bars that people were bidding as one ounce gold bars. The silver eagles are all fake, also. I also contacted the auctioneer(Vail) about the fake 2021 AGEs. I asked if they came with COAs and never received a response, either. This was on the 6th.
My biggest astonishment is the people bidding thousands of dollars on fake precious metals. The gold plated bars have 500 MILLS .999 GOLD stamped on one side. A quick search revealed the bars were gold plated base metal with varying thicknesses of gold plate. The silver eagle reverses had no lines in the eagle's feathers. This could easily have been verified by looking at the mint website and comparing pictures, Most of the Morgans had that counterfeit XF look to them. All of those auctions are "as is, where is" there are no refunds. Hopefully, there is not that many ignorant buyers out there and the bidders are cops.
The auctioneer(Vail) goes through HiBid. I just now sent HiBid an inquiry into the Vail Auctioneers counterfeit coin sales. I'll keep pressing the issue with them until the auction closes or they end the auction before closing. There are better coin deals on eBay or great collections than most of these auction sites. I have bought other items from these auction sites. I can say I have gotten some pretty good deals. Coins, though, are mostly overbid by a lot.
Do you mean misattributed instead of fake? The majority of many varieties listed on ebay are not what the sellers claim them to be.
500 mils on a fake 1oz gold is quite a bit of gold since 500 mils is half an inch. That thickness would likely make the whole thing solid gold.
Are you sure it wasn’t 50 mils?
I found some high end fakes being sold by someone with 100 mils. They were several hundred a pop.
Well the bars are stamped 500 Mills - not Mils. So i guess that's how they get around that.
https://www.ebay.com/itm/393110147839?
I contacted the auctioneer and let them know the coin is either an altered date or an outright fake.
Both.
Normal non collector peeps usually know very little to nothing about this stuff. They either refuse or balk at trying to learn anything. Lemmings. Led to the financial slaughter.
Pete
As a hosting site, they sure do offer up a lot of trash.
10-4,
My Instagram picturesErik
My registry sets
Well, it apparently sold...
I believe I found another for $8
- https://www.amazon.com/1856-Flying-Eagle-Cent-Decorate/dp/B08J7LPYVV/ref=sr_1_8?crid=3AI2J0R0RFMHH&dchild=1&keywords=1856 flying eagle cent&qid=1625690657&sprefix=1856 ,aps,241&sr=8-8&fbclid=IwAR0arcCnerhPwijb6ASBMQ4JOWpsD-XzYIDvpUJPrIAB54oVDmTLJQlcqaE
I was hoping there was some way to stop it prior to the end; uncomfortable with them as an advertiser in PCGS's publication...
I figure most of their crap went to the shill bidder, hoping there are not 2 people with more money than numismatic knowledge
They don't offer anything. It's the country auction houses who use it.
It's kind of logical, really. If you are a big player, you have your own app or software. If you are a small country auctioneer that is prohibitively expensive and so HiBid.
There are some legitimate, honest auctioneers and some crooks. Unfortunately, both use HiBid
I am of the belief that the bids on this POS were not legit. I certainly hope they weren't.
Bidding on Ebay is like going to Europe while bidding on HiBid is like going to a Third-World country-you better know how to navigate the territory. HiBid, like Ebay, is a platform for sale of a lot of stuff, so there are always buys if you are willing to look and sift through a lot of trash. Ebay polices their sellers more than HiBid and many other major platforms, and Ebay still offers fakes but there are more buyer protections on Ebay and fakes are more rampant on other sites. And yet there are gems to be found here and there on both Ebay and HiBid.
OK, I tried several approaches to reporting the bad HiBid 1856 FE including a PM on their FB page.
Got this message from FB and not sure what it means going forward...
What kind of buyer protection does HiBid offer? I tried looking on their "About HiBid" selection but I couldn't find anything.
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can you send them a picture? send one with your email/phone typed out in the image so software cannot detect it and any other text, including the link to the auction/coins in question.
None. Any protection comes from the suction house.
It's probably the Chinese reference
It's a place I'd steer clear of.> @jmlanzaf said:
Then it's a place I'd steer clear of.
You are trying to turn it into ebay. I use it all the time because my local auction house uses it for their online bidding.
You don't go to HiBid. You go to the auction house that uses it.
It is NOT a marketplace like eBay or Amazon. It's a proxy bidding service that auction houses pay to use.
Interesting development:
@burfle23
I think it means that they don't believe you.
Pete
That was the reason it caught my eye. It was the use of the word MILLS that got me to questioning it. Those bars were the first thing that got me to looking into the rest of the coins. When I got on to the auction the bars had only been bid up to around $15. Which was normal for what they sell for on other platforms. Even the other gold plated rounds and bars were at reasonable bids at the time. Early on I figured the bidders knew what they were buying, even if the description was misleading. By the next day the bids were well beyond reasonable for plated metals. That is when I started contacting the auctioneer. With no response. Twice more I sent inquiries to HiBid with no response. I didn't go back to the auction to see if people got ripped off.
There are other coin auctions out there besides HiBid. But, I think the same people that were bidding on plated metals recklessly, are also bidding in these other auctions. Most of the auctioned items go for a lot more than on eBay. I wonder if these people even realize the buyer's premium some of these auctioneers charge. I have seen one as high as 20%BP. Routinely 18%BP. Then if there are taxes this could add another 8% on the coin and BP total. Coins are not what got me onto these auctions. I was looking for other items to stock my eBay store, which does not sell coins. But, while I am looking for merchandise to stock the store I will look at the coins too.