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New ebay scam! Prey on the BIN greedy...

Check this one out. Five 1921-D morgans: $0.99 start, $5 BIN. It is screaming for someone to snap up the BIN which looks like it was set in error more than 10x too low. Check the fine print... $60 shipping! Ouch.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39466&item=3946583240&rd=1
Rob Joyce - Dollar Variety / VAM Collector
http://www.vamworld.com
and
http://www.rjrc.com

Comments

  • then charges again for del. conf. and ins. WOW
    If you can read this, your too close.

    A DAMMIT BOY from Jonesy 1/25/05

    Lieutenant, Covert Operations
    Subcommittee

    my first POTD award 7/16/05
    the cat ate my blue fish.
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭


    << <i>I guarantee 100% satisfaction of this coin and will refund the purchase price minus shipping charges if not satisfied upon the close of this auction. >>



    It's fee avoidance... and highly against the rules
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • dthigpendthigpen Posts: 3,932 ✭✭
    Aside from the obvious Ebay fee avoidance issue, oddly enough, I have no ethical problem with this auction.
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    Oh, report the item here:

    Item #3946583240

    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • MyqqyMyqqy Posts: 9,777
    image
    I reported it....
    My style is impetuous, my defense is impregnable !
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    Reported.

    Nice Blazing Saddles reference in that fee avoider's eBay ID, though... image

    Note also that this is a one-day auction, starting early Friday evening. It's completely unlike any of their other auctions. They know exactly what they are doing.
  • RampageRampage Posts: 9,448 ✭✭✭✭✭
    Somebody used the BIN. Looks like a newb to eBay, too. I feel sorry for them if they did not read all the fine print.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    I sent an email to the buyer this morning, in case he had not noticed the shipping charge. I have not heard back from him as of this time.
  • An easy way for the seller to expand his collection of negs.
  • DennisHDennisH Posts: 13,991 ✭✭✭✭✭
    Reported!
    When in doubt, don't.
  • I really wish E-Bay would crack down on these shipping scammers. There are so many auctions out there which are for items far below their actual worth, but the seller tries to make up for that by charging an insane amount for shipping. (I.E. item is worth 20 bucks, they sell it for ten but charge 40 for shipping). I think there are a few things that E-Bay should do:

    1): Force the sellers to list a shipping cost when posting an item. If an exact cost is not known, a valid estimate should be required based upon the shipping method. (Since charging 30 bucks for shipping a coin via Priority Mail is ludicrous).

    2): Limit the shipping fees that a seller can incur based upon the final value of the sale and the item itself. If you're shipping a $500 coin via insured priority mail from the west coast to the east coast, the cost of shipping is only around 10 dollars maximum. So if a seller tries to charge 40 bucks, it's a complete scam.

    If E-Bay would do those two things, you'd get rid of the dirtbags who try to sell a lot of things at a loss and then make up for the loss by charging an exorbinantly high shipping cost. (Since E-Bay doesn't get a % of the shipping fees if I am correct).
    I collect the elements on the periodic table, and some coins. I have a complete Roosevelt set, and am putting together a set of coins from 1880.
  • nwcsnwcs Posts: 13,386 ✭✭✭
    I reported them as well.
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Aside from the obvious Ebay fee avoidance issue, oddly enough, I have no ethical problem with this auction. >>

    Me neither. Sure, it's against eBay rules, but I'll let eBay deal with that. The terms of the auction are spelled out clear enough in the auction to allow a bidder to make an informed decision whether to bid or not. One just needs to decide whether those five Morgans are worth $65; if so, bid; if not, pass.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>

    << <i>Aside from the obvious Ebay fee avoidance issue, oddly enough, I have no ethical problem with this auction. >>

    Me neither. Sure, it's against eBay rules, but I'll let eBay deal with that. The terms of the auction are spelled out clear enough in the auction to allow a bidder to make an informed decision whether to bid or not. One just needs to decide whether those five Morgans are worth $65; if so, bid; if not, pass. >>

    True on its face...but eBay has to make their money from somewhere, and the more they (and we) let some sellers get away with this, the more they have to jack up fees on the rest of us who play by the rules.
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    Definately eBay fee avoidance. I'll bet the seller and the buyer set this up ahead of time for some reason.
    Bill

    image

    09/07/2006
  • RussRuss Posts: 48,514 ✭✭✭
    I can't believe somebody actually fell for it. image

    Russ, NCNE
  • Buyer has 4 feedbacks. He's a newbie that has been taken. What a shame.

    Rob
    Rob Joyce - Dollar Variety / VAM Collector
    http://www.vamworld.com
    and
    http://www.rjrc.com

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