somebody (X4) got a deal!

derryb · January 5, 2012 8:27AM

check out this ebay purchase, he sold four of these lots

TexasNationals · January 5, 2012 8:33AM

Feedback of 19, I wonder if he will actually get them?

TheBigB · January 5, 2012 8:47AM

Last feedback is from Jun-09-10, not for me.

derryb · January 5, 2012 8:50AM

<< Feedback of 19, I wonder if he will actually get them? >>

paypal protection plus paypal holds back funds on sellers with less than 100 feedback as a seller. The only risk is having your funds temporarily tied up while you wait on paypal to refund. I've done a number of buys like this - some came through others didn't. Only drawback was waiting for refund. Had I seen one of his four listings for these coins while still active I would have been all over it. If it comes through it's a major score.

streeter · January 5, 2012 9:13AM

That's only about 25 miles away. I think I'd do a cash and carry on that lot.

No way would I allow that seller to have my money unless I saw the stuff in person.

Baley · January 5, 2012 9:31AM

the old feedback is for garage sale junk, and now he's selling almost a half bag of BU morgans for $16 each?

I'd pass

Timbuk3 · January 5, 2012 10:23AM

Very interesting !!!

$16.41 each, seller stated that may be MS 61 to MS 65
or better. Obviously know's something about coins. 19
feedbacks............................................ ??????????

derryb · January 5, 2012 10:30AM

<< Very interesting !!!

$16.41 each, seller stated that may be MS 61 to MS 65
or better. Obviously know's something about coins. 19
feedbacks............................................ ?????????? >>

Either a hijacked account or the seller got his hands on dead grandpa's stash. I'm leaning towards hijacked account, but would still take the chance knowing at worst my funds would be temporarily tied up until paypal claim played out.

Spooly · January 5, 2012 10:39AM

To good to be true?

I hope the buyer gets the coins!

PinkFloyd · January 5, 2012 10:44AM

$16 apiece is pretty good. Worth doing IMO if you could afford to potentially have $7.5k off the table for awhile.

gecko109 · January 5, 2012 11:20AM

Under no circumstances will any of the 4 buyers receive what they paid for. Seller's pics show 23 tubes of coins....but all 4 lots use same exact photo. Seller will either try to take the cash and run (but probably cant because of paypal payment restrictions), or will try to scam via USPS insurance fraud. It is also a possibility that the seller will ship a box full of bricks and then have both delivery and sig confirmation when buyer claims box was full of bricks.

That last statement brings up a serious point of concern. We all know that paypal will side with the buyer if nothing gets delivered. But what if he does ship a box of bricks and you sign for it. How does paypal determine who is lying at that point? And if they would side with the buyer, whats to prevent a dishonest buyer from running the same scam in reverse on an honest seller? I buy $5,000 worth of bullion.....it gets delivered.....then I call paypal and say the guy sent me bricks. How does paypal sort that stuff out???

Wingsrule · January 5, 2012 12:12PM

The only thing I could think off would be to go by the weight on the label (or in the USPS database).

I believe someone here actually videotaped themselves opening an ebay package when they suspected something.

derryb · January 5, 2012 12:21PM

<< Under no circumstances will any of the 4 buyers receive what they paid for. Seller's pics show 23 tubes of coins....but all 4 lots use same exact photo. Seller will either try to take the cash and run (but probably cant because of paypal payment restrictions), or will try to scam via USPS insurance fraud. It is also a possibility that the seller will ship a box full of bricks and then have both delivery and sig confirmation when buyer claims box was full of bricks.

That last statement brings up a serious point of concern. We all know that paypal will side with the buyer if nothing gets delivered. But what if he does ship a box of bricks and you sign for it. How does paypal determine who is lying at that point? And if they would side with the buyer, whats to prevent a dishonest buyer from running the same scam in reverse on an honest seller? I buy $5,000 worth of bullion.....it gets delivered.....then I call paypal and say the guy sent me bricks. How does paypal sort that stuff out??? >>

four different buyers saying they didn't get the same item sold by one seller would pretty much tell who was lying. If it were a case of just one item, I suspect ebay/paypal would take a look at past performance and history of both parties.

joefro · January 5, 2012 1:03PM

With zero feedback in the last 12 months, I agree it's a seller with a hijacked account trying to get $30,000 and run for it. Each transaction is under $10,000 so maybe he thinks it is less of a big deal legal-wise? derryb, I didn't know that about paypal holding funds on sellers under 100 feedback, thanks for the info. That is reassuring, although this one would still be a little too sketchy for me to mess with. We'll have to wait and see if feedback is posted and update this thread.

BAJJERFAN · January 5, 2012 1:20PM

<< Under no circumstances will any of the 4 buyers receive what they paid for. Seller's pics show 23 tubes of coins....but all 4 lots use same exact photo. Seller will either try to take the cash and run (but probably cant because of paypal payment restrictions), or will try to scam via USPS insurance fraud. It is also a possibility that the seller will ship a box full of bricks and then have both delivery and sig confirmation when buyer claims box was full of bricks.

That last statement brings up a serious point of concern. We all know that paypal will side with the buyer if nothing gets delivered. But what if he does ship a box of bricks and you sign for it. How does paypal determine who is lying at that point? And if they would side with the buyer, whats to prevent a dishonest buyer from running the same scam in reverse on an honest seller? I buy $5,000 worth of bullion.....it gets delivered.....then I call paypal and say the guy sent me bricks. How does paypal sort that stuff out??? >>

Might be worthwhile to ask this of PP and report back here.

Jackrabbit · January 5, 2012 1:30PM

Had a deal like this once, so I just opened the box at the post office with postal employees as a witness. This might be an a way to play it safe...

nibanny · January 5, 2012 8:18PM

<< The only thing I could think off would be to go by the weight on the label (or in the USPS database).

I believe someone here actually videotaped themselves opening an ebay package when they suspected something. >>

I did that when a buyer returned a priority envelope that should have contained the items I shipped in a medium flat rate box!
Paypal asked me to file a police report and they refund all my money.
Don't know if they took it from the buyer though. MM

OPA · January 5, 2012 11:17PM

<< somebody (X4) got a deal! >>

No... 4 buyers will get the the shaft & possible a time consuming fight to get their money back. As the saying goes: "If it's to good to be true...etc etc."

derryb · January 5, 2012 11:22PM

<< 

<< somebody (X4) got a deal! >>

No... 4 buyers will get the the shaft & possible a time consuming fight to get their money back. As the saying goes: "If it's to good to be true...etc etc." >>

Think of it as a lottery ticket that ends up costing you nothing if you don't win the prize. Or think of it as the glass is half empty.

tydye · January 5, 2012 11:25PM

The coins must exist though - wonder where he got the pic from

ModernCoin · January 5, 2012 11:26PM

<< Either a hijacked account or the seller got his hands on dead grandpa's stash. I'm leaning towards hijacked account, but would still take the chance knowing at worst my funds would be temporarily tied up until paypal claim played out. >>

I take chances like this one eBay all of the time. As long as you pay with a legitimate credit card via paypal (not an all-in-one debit card or w/ paypal funds) than you have nothing to worry about. On crazy good deals like this one, though mine are usually smaller, I find that roughly 2/3 I have to file a chargeback on so sometimes I have thousands of dollars tied up. Still, it's worth the slight hassle as I've been able to score gold/silver for 10 to 40%+ under melt by taking gambles. I have a few forum friends on another board who literally refresh listings in Coins & Paper Money every few seconds solely looking for snags like this...

derryb · January 6, 2012 12:15AM

Now at X5

ModernCoin · January 6, 2012 2:45AM

<< Now at X5 >>

Just going by my own experience playing the eBay BIN game, I can say with 99% certainty that it's a hijacked account. I know personally whenever I've hit a major score and then seen the seller continually relist the same item (happens a lot with 1oz Au) it always ends with a chargeback. Still, like I said above, it's worth the gamble on occasion if you can afford to float the funds

.

Spooly · January 6, 2012 3:07AM

This listing (330667514964) has been removed, or this item is not available.

ricko · January 6, 2012 3:28AM

Like Spooly said...listing gone... BUSTED!! Cheers, RickO

AUandAG · January 6, 2012 3:35AM

Since they did sell I wonder if Paypal will report the sales to the IRS at the end of 2012?

Wouldn't that be a hoot!

bob

LukeMarshall · January 6, 2012 4:00AM

I ran into a scan like this recently on ebay...

Immediatly after the auction ended the seller must have marked the item as paid thus removing my "pay now" button

They then send me an invoice through Paypal to my Email listed with Ebay, but guess what... that isn't the same address as my Paypal.

I called up customer support and they told me "if I had any reservations, don't pay"

I could see how someone could fall for it in that case if their emails matched (ebay/paypal)

Shady Times

Edit: with a direct invoice I don't think the funds would be held... is this correct?

ModernCoin · January 6, 2012 4:09AM

<< I ran into a scan like this recently on ebay...

Immediatly after the auction ended the seller must have marked the item as paid thus removing my "pay now" button

They then send me an invoice through Paypal to my Email listed with Ebay, but guess what... that isn't the same address as my Paypal.

I called up customer support and they told me "if I had any reservations, don't pay"

I could see how someone could fall for it in that case if their emails matched (ebay/paypal)

Shady Times

Edit: with a direct invoice I don't think the funds would be held... is this correct? >>

This has happened to me several times. I've clicked "BIN" on a steal and then minutes later receive an e-mail asking me to send paypal to a different address. I kindly inform them that I'll do no such thing

...

Pokermandude · January 6, 2012 6:47AM

Sure it's kinda like a free lottery ticket. Not sure that the long shot of a big pay day is worth the ebay/paypal/credit card hassle, not to mention having that much money or credit tied up until it gets resolved. Speaking of that devil, just got a letter in the mail today that will let me up my credit card limit from 5k to 8.5k... Even now that I'd have enough credit to gamble on that 7.5k lot, I probably still wouldn't bother.

fastrudy · January 6, 2012 7:08AM

The coins must exist though - wonder where he got the pic from

You can photoshop a collection of coins from 1 pic.

derryb · January 6, 2012 7:10AM

All five sales have been removed from sellers completed sales for the last 15 days, but he is still a registered user. This indicates account was probably hijacked and ebay has restored it to its rightful owner who they are not holding responsible.

BigRick · January 7, 2012 8:38AM

What was it for?

Pokermandude · January 7, 2012 10:08AM

<< What was it for?

>>

Forget the exact numbers, but it was something like 480 morgan dollars (in tubes) for around $7,500.

somebody (X4) got a deal!

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