Interesting Ebay offering of PCGS MS63 1907 $20 High Relief

coinguy1

No reserve, not the typical type of item the seller deals in, unusual location listed for the seller and strict terms of sale/requirements for bidders' feedback. This sale might be perfectly legit, in which case someone might end up getting a good buy. Or.....

I hope this does not appear to be unfair to the seller. I welcome feedback from those who think posts like this are unfair.

Edited to add: Whoops, sorry I forgot the link. Thanks Cameron!

link

kieferscoins

A no reserve auction to me starts around $0.99 and not $700. I think people will bid, but like you said, he may loose money depending upon what he bought it for.

Cameron Kiefer

BillJones

Maybe the seller is responding to the recent changes on Ebay that require sellers to pay a percentage of the reserve bids if the item does not sell. By in large the mark-ups on High Relief $20s are pretty low. Maybe a failure to sell would spoil the deal for him. Still if the bid comes out at a bargain level, the seller could be down even more dollars.

If this is a legitimate sale, the seller may be banking on the fact that the popularity of this coin combined with the fact that it is a PCGS piece will pull him though.

cosmicdebris

This would be a good auction for an escrow service to hold the money until the buyer is happy.

Baley

look through the seller's feedback, the type of stuff bought only, no sales yet.

then look at the address where the winner's coin will be shipped from, (supposedly)

hmmm, no reserve on a coin like that?

seems too good to be true, to me.

zenny

I have sometime the problems with when a seller writes not with the proper grammar. It can be make me afraid, perhaps of what, I don't know but I didn't want to know, especial with a item that cost a sum substantial probably.


z

edited to delete link that Mark already added.

wayneherndon

I wouldn't feel comfortable winning this auction at any price.

WH

coinguy1

I think I'm going to bid.

MadMonk

Be scared, be very scared

agfox

I find it odd that in his listing he types with the broken english you'd expect from a person from a foreign country.



<< <i>I only accept SERIOUS BIDDER with at least 4 rating on their account. Bidder who had 0 feedback, but still PLACE BID on my items will not be tolerated. I will blocked them and reported to eBay. >>



But then in his feedback file he types with perfect sounding english.



<< <i>Response by dmsekhon - Very professional transaction at a bargain basement price, thanks >>



Not to mention the comma.

Does anyone send money to Indonesia w/o escrow? I'd hope not.

Monstavet

It is still a cool coin!

cosmicdebris

Ok who's pop1eye?

WWW

Oh yea, like I'm going to send $700+ to Bandung, Indonesia.
What kind of recourse do you have if this seller stiffs you?
Escrow service not withstanding, this auction appears to me as being
rife with danger.

keithdagen

Ok who's pop1eye?

Obviously a real idiot since Mark warned us all.

coinguy1

Yes, Keith, a real idiot. He bid 65+ $ on it, to be sure he gets it.

satootoko

<< <i>I have sometime the problems with when a seller writes not with the proper grammar. >>



He may be using an internet automatic translator program. I do that when I'm bidding on German auctions and the translated versions of sellers' e-mail usually sound like this guy's post.

Barry

SCAM ALERT for sure. Note that despite a FB of 53, he has never sold anything before. Also, all the purchases with active links are low priced items in the $1.99 to $5 range. Bidding on this is asking for trouble.

tjkillian

Pop1eye is a really cool person who has a good eye for coins. I will watch this one closely. I would trust Pop1eye extensively.

Tom

wayneherndon

I think I'm going to bid.

Not once, but twice?!?!?!?!?!

keithdagen

Pop1eye is a really cool person who has a good eye for coins.

I agree wholeheartedly. He does have a habit of bidding way too high on high-grade rare coins that seem to originate in Singapore and Indonesia. He hasn't got burned though, since most of these auctions mysteriously disappear a couple of hours after he bids.

wayneme

He may be using an internet automatic translator program. I do that when I'm bidding on German auctions and the translated versions of sellers' e-mail usually sound like this guy's post.

do you have a link to this automatic translator

coinguy1

Oh, what a shame, the sale was terminated by Ebay. I was so looking forward to wiring funds to another country, in order to obtain that wonderful coin.

Russ

Score another one for Popeye The Good Guy! Hey, that rhymes.

Russ, NCNE

relayer

*POOF* It's gone