New ebay scam! Prey on the BIN greedy...
RobJoyce1921dVAMguy
Posts: 942 ✭✭
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
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39466&item=3946583240&rd=1
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A DAMMIT BOY from Jonesy 1/25/05
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my first POTD award 7/16/05
the cat ate my blue fish.
<< <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
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Item #3946583240
I reported it....
Nice Blazing Saddles reference in that fee avoider's eBay ID, though...
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.
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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>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.
<< <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.
09/07/2006
Russ, NCNE
Rob
http://www.vamworld.com
and
http://www.rjrc.com