Another E-Bay user to add to the block list!!

MadMarty · January 2, 2007 1:20AM

aria1405

This was a very interesting one, I'm sure James will chime in later. James took on consignment 2 sets of FS SAEs. This bidder won both sets and paid with PP. Well with the holiday and the PO being closed today the user contacted James and wanted to cancel the sales. Seems he is buying SAEs and GAEs from dealers, trying to turn them for a profit and if he can't turn them in two weeks returning them for a refund. Basiclly using a dealers return policy as a free way to get coins to sell.

sonoranmonsoon · January 2, 2007 1:22AM

thanks for the heads up

COINB0Y · January 2, 2007 1:25AM

You mean he's doing like some of the guys here do with the US Mint's return policy?

MadMarty · January 2, 2007 1:30AM

<< You mean he's doing like some of the guys here do with the US Mint's return policy? >>

No these are PCGS slabbed and graded coins. Getting a coin from the mint raw and finding out it has a problem is a whole different animal. He is basicly saying, give me your coins for 2 weeks, If I can't sell them and make money you have to take them back.

COINB0Y · January 2, 2007 1:33AM

Ok, I get it.

That stinks.

123cents · January 2, 2007 1:37AM

Ok MadMarty. Thanks.

Russ · January 2, 2007 1:39AM

I was watching those two auctions. Not surprised, since they were bid up above market value.

Russ, NCNE

AU58WALKERS · January 2, 2007 1:42AM

"SORRY, NO RETURNS ON BULLION"

TwoSides2aCoin · January 2, 2007 1:44AM

Please give to your local charity !

Russ · January 2, 2007 1:44AM

<< "SORRY, NO RETURNS ON BULLION" >>

That's actually not a bad idea for these new issue mint products. I'm sure this bidder isn't the only one trying to play this game.

Russ, NCNE

MadMarty · January 2, 2007 2:10AM

James brought that up to the buyer, but in the text he also had his return policy posted. This was a PayPal dispute just waiting to happen.

flaminio · January 2, 2007 2:14AM

aria1405's bids.

But he has 100% positive feedback

!

Block'd. I don't sell this sort of material, but block'd anyway on general principle.

tyler267 · January 2, 2007 2:31AM

Thanks

BigE · January 2, 2007 2:41AM

Does "bullion" also include the "W" mintmark coins, maybe this should be added to any disclaimer also----------BigE

flaminio · January 2, 2007 2:47AM

I'm sure this problem exists with any item whose price fluctuates rapidly. You're always going to find people who will try to arbitrage the market for gain without risk.

The only real solution for eBayers is to sell this products without a return policy. It goes against all tenets of customer service, but otherwise sellers will just get burned.

pf70collector · January 2, 2007 3:28AM

Speculators selling to speculators. Thanks for the heads up.

MadMarty · January 2, 2007 4:41AM

Weather11am · January 2, 2007 5:30AM

I say no returns on bullion for the SAE sets just for that reason.

08HALA20 · January 2, 2007 5:30AM

tx, blocked

Rookie Joe

segoja · January 8, 2007 9:41AM

This guy was a real PITA.

Said he bid up the coins knowing he could later return them. I asked him if i could buy stock from him like this, and he laughed and said that's not how it works. i told him that's the same in the coin market. Don't use people.

The sad news is he lives 4 miles from me and we could have done much more business. Homes run $750,000+, so this guy should be smart enough to know this scam won't last forever.

Had I not refunded the guy, we would have had a major paypal dispute, which is not worth the hassle.

I just wanted everyone on this board to know what he is doing on high end coins, so if you sell this type material and don't wnat someone using your coins for 2 weeks, then I'd recommend he be blocked.

SilverEagles92 · January 8, 2007 9:43AM

New to this... how do I add someone to my blocked bidders list? Thanks in advance!

flaminio · January 8, 2007 9:44AM

<< New to this... how do I add someone to my blocked bidders list? Thanks in advance! >>

This page will take you there.

SilverEagles92 · January 8, 2007 9:45AM

Thanks!

Texast · January 8, 2007 9:52AM

Thanks for the heads up on this joker. If nothing else this has conviced me to send in my mint sealed ASE set. I had no idea prices were going that high!

ChangeInHistory · January 8, 2007 10:29AM

Blocked, what a POS.

clackamas · January 8, 2007 10:39AM

Blocked Thanks

WinPitcher · January 8, 2007 10:59AM

Not sure I fully understand but if it were me I'd have done something like this to that guy:

I'd make sure my paypal acct was drained and I'd make this guy go thru all the hoops in getting his dough back. That way i could USE his money for 45 days and I'd still have the coins.

I'd give him his refund minus some pct for restocking too.

Steve

PrivateCoinCollector · January 8, 2007 11:01AM

<< 

<< "SORRY, NO RETURNS ON BULLION" >>

That's actually not a bad idea for these new issue mint products. I'm sure this bidder isn't the only one trying to play this game.

Russ, NCNE >>

Actually, no returns for graded coins!

jmski52 · January 8, 2007 11:12AM

Blocked, and thanks.

flaminio · February 12, 2007 1:19PM

He struck again. I don't even sell this sort of stuff, and I blocked him. I don't want a scumbag like this anywhere near my auctions.

pb2y · February 20, 2007 12:45PM

Thanks for the tip

blueifalcon · December 24, 2007 12:44AM

Thanks, he's been blocked

dan8402 · December 24, 2007 12:47AM

<< Thanks, he's been blocked

>>

I'm just wondering how you dug up a 10 month old thread...

SamByrd · December 24, 2007 1:03AM

You know what is really sad here is this scum non-buyer has perfect feedback. I also think it is a great service to everyone to out these type of folks the scammers are a plague on ebay.