So many People falling for the TERRIBLY OVERPRICED EBAY AUCTION
silvereagle
Posts: 290 ✭
I just cant believe so many grown adults fall for these scams
scam auction
I was looking at Ebay for some junk coins, and here this guy is pretty much selling his 90% for 50 X face. Now he does go to great pains to try to hide the face that his auction is a total scam, but still I cant help but think anyone who falls for this crap is so stupid that they deserve to be ripped off.
My first thought was wow, this guy is wasting his time, no one is going to fall for that. then I checked his feedback and I see he has 9 negatives from people who bought this scam thread then realized how bad they got ripped off. Its hard telling how many people bought it from him, then decided not to leave negative feeback since they know they will get negative as well ( "I leave feeback after you leave feedback" ).
I specifically love the ones where he lists his 50X face junk silver as " THE BEST DEAL ON EBAY" LOL.
I guess its true, there is a sucker born every minute.
So I would think everyone on this board is too smart to fall for this, or I should say not dumb enough to fall for it, but just in case, warning -- this auction is a total scam. Price should be about $125 not $250.
scam auction
I was looking at Ebay for some junk coins, and here this guy is pretty much selling his 90% for 50 X face. Now he does go to great pains to try to hide the face that his auction is a total scam, but still I cant help but think anyone who falls for this crap is so stupid that they deserve to be ripped off.
My first thought was wow, this guy is wasting his time, no one is going to fall for that. then I checked his feedback and I see he has 9 negatives from people who bought this scam thread then realized how bad they got ripped off. Its hard telling how many people bought it from him, then decided not to leave negative feeback since they know they will get negative as well ( "I leave feeback after you leave feedback" ).
I specifically love the ones where he lists his 50X face junk silver as " THE BEST DEAL ON EBAY" LOL.
I guess its true, there is a sucker born every minute.
So I would think everyone on this board is too smart to fall for this, or I should say not dumb enough to fall for it, but just in case, warning -- this auction is a total scam. Price should be about $125 not $250.
0
Comments
20 wartime nickels ~ .20 pounds ~ $20
+ $5.20 face 90% ~ .30 pounds ~$120
Auction Price $250 + shipping
Yeah thats "THE BEST DEAL ON EBAY"
What he is selling is laid out...
If people are dumb enough to buy them, I think he's pretty smart
The seller can advertise 'best deal on eBay' or whatever, but it's hard to prove one way or another!
It doesn't really seem like much of a scam, just not the most reasonable buy on eBay!!!
And I agree the buyers are the ones who are idiots. Just cant beleive so many fall for it. One buyer left him negative feedback and his response was " DUMB, REALLY DUMB BUYER"
How true
<< <i>I don't think scam is the right word.
What he is selling is laid out...
If people are dumb enough to buy them, I think he's pretty smart
I agree.
'Scam' is the wrong word.
'Misleading' is more appropriate.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I don't think scam is the right word.
What he is selling is laid out...
If people are dumb enough to buy them, I think he's pretty smart
Not a scam; just a clever marketing ploy... kind of like what the coin telemarketers / television promoters do. Sleazy? Yes. Fraudulent or unethical? No. Personally, I don't condone this type of business model... but if people are willing to pay up for over-hyped retail junk, that's their prerogative, I suppose.
The listing is not a scam. You get what is promised ... in specific detail.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>ebay should bounce this guy. >>
Why? That's like saying if you sell a coin for $100 over book value you should get bounced...
If someone wants to pay twice melt that's their problem.
Successful Trades: Swampboy,
<< <i>
<< <i>ebay should bounce this guy. >>
Why? That's like saying if you sell a coin for $100 over book value you should get bounced...
If someone wants to pay twice melt that's their problem. >>
because it's bad for ebay's business.
why else would they ever boot someone?
<< <i>
<< <i>
<< <i>ebay should bounce this guy. >>
Why? That's like saying if you sell a coin for $100 over book value you should get bounced...
If someone wants to pay twice melt that's their problem. >>
because it's bad for ebay's business. >>
Nonsense. Inflated sales prices = higher revenue for eBay (in the form of listing/final value/Paypal fees). From eBay's point of view, as long the seller maintains a high transaction volume and buyers appear to be reasonably happy with the goods, this is the BEST kind of seller for business.
<< <i>Nonsense. Inflated sales prices = higher revenue for eBay (in the form of listing/final value/Paypal fees). From eBay's point of view, as long the seller maintains a high transaction volume and buyers appear to be reasonably happy with the goods, this is the BEST kind of seller for business. >>
nonsense. burned buyers = lower revenue for ebay.
<< <i>
<< <i>Nonsense. Inflated sales prices = higher revenue for eBay (in the form of listing/final value/Paypal fees). From eBay's point of view, as long the seller maintains a high transaction volume and buyers appear to be reasonably happy with the goods, this is the BEST kind of seller for business. >>
nonsense. burned buyers = lower revenue for ebay. >>
Theoretically, that makes sense. But you have to take in account the fact that the majority of these buyers are blissfully unaware, and therefore will probably never realize that they got "burned" in the first place. If anything, they'll just keep coming back for more. Just think of all of those ridiculous 30-minute TV infomercials that sell over-hyped coins for 2x-3x what they're worth. If the business model wasn't successful, they would've all gone out of business a long time ago. Again, I don't condone it... but it is what it is.
The bottom line is, you can wish all you want... but unless the seller commits an actual fraud (for which eBay/Paypal could be held financially liable), eBay's not going to do anything to jeopardize that lucrative revenue stream. Just look at the thousands of fake "unsearched" penny rolls being sold on eBay every day. One idiot started doing it, and then it spread like a cancer. It's gotten to the point where I can't even search for the coins I'm interested in anymore without weeding through the plethora of ridiculous phony shotgun rolls with "special" ends. Even the totally fraudulent ones with blatant bold-faced lies never get de-listed. Apparently, eBay is making too much money off of these jokers to give a d**m.
<< <i> [L=scam auction] Its hard telling how many people bought it from him, then decided not to leave negative feeback since they know they will get negative as well ( "I leave feeback after you leave feedback" ).
<< <i>
Sellers can NOT leave negative nor neutral feedback, they can only leave positive feedback.
$5.20 face value of 90% silver = 3.76 oz troy
$1.00 face war nickles = 1.13 oz troy
4.88 x 32 = $156.0 melt value.
making people read too much fine print and having to calculate is somewhat scamish, imo. I don't know how
these guys can operate and not get like 10000000 negative comments .
Is it a scam? No, but it sure is a sleazy way to operate.
<< <i>Looking at his feeback, he has sold this auction 100 times. Unreal how many people see " 1/2 pound silver coins" or "1 pound silver coins" then just buy it without doing the math to figure out how much its actually worth.
20 wartime nickels ~ .20 pounds ~ $20
+ $5.20 face 90% ~ .30 pounds ~$120
Auction Price $250 + shipping
Yeah thats "THE BEST DEAL ON EBAY" >>
According to coinflation at 32.22 per ounce 20 war nickels melt for $36.25
4 Franklins melt for $46.61
6 washington qtrs $34.96
17 merc dimes $39.62
for a total melt value of $157.47
Now, given the fact that you cannot get full melt value from any dealer,especially for warnicks, My best estimate is that the lot is worth about $120 or half of what he is asking. I would not call this a scam at all.A scam involves deceit. He tells you exactly what you will get. I see absolutely no difference in this than a jeweler selling gold jewelry at an infalted price or smoeone listing a $30 coin for $75 or more.You can ask anything you want for your coins-that does not mean that smoeone will buy them.
But you know the old saying "there is a sucker born every minute" or, smoething like that. This is where caveat emptor comes in. The buyer should know what he is buying and figure it out- like i did above. I do not have much sympathy for buyers that do not do their homework. JMO
Bob
<< <i>Looking at his feeback, he has sold this auction 100 times. Unreal how many people see " 1/2 pound silver coins" or "1 pound silver coins" then just buy it without doing the math to figure out how much its actually worth.
20 wartime nickels ~ .20 pounds ~ $20
+ $5.20 face 90% ~ .30 pounds ~$120
Auction Price $250 + shipping
Yeah thats "THE BEST DEAL ON EBAY" >>
Why the heck does EBAY not NUKE this auction?
<< <i>
<< <i>Looking at his feeback, he has sold this auction 100 times. Unreal how many people see " 1/2 pound silver coins" or "1 pound silver coins" then just buy it without doing the math to figure out how much its actually worth.
20 wartime nickels ~ .20 pounds ~ $20
+ $5.20 face 90% ~ .30 pounds ~$120
Auction Price $250 + shipping
Yeah thats "THE BEST DEAL ON EBAY" >>
Why the heck does EBAY not NUKE this auction?
Because he tells you exactly what you are buying. He's not doing anything wrong.