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RutRoh!

gecko109gecko109 Posts: 8,231 ✭
in Precious Metals
Ouchies!!!



And he also sold another one...today...for $37K.



Will paypal cover a buyer for over $2,000? Or are these 2 poor saps out some serious dough?

Comments

  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭
    if it can be paid for in one lump sum using paypal, buyers are covered...at least from my reading of the buyer protection policy.
    JR Newsletter Online Edition
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    AMAZING what people will do on-line!!! I would only consider something like that if I could hold and test it all in the presence of a 50 year in the bizness professional.
    Truly f-ing amazing!
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Absolutely "crazy" !!!
    Timbuk3
  • CaseyCasey Posts: 1,502 ✭✭
    What am I missing here? Are these obvious fakes?
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>What am I missing here? Are these obvious fakes? >>



    A kilo gold goes for at least 55K.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Maybe I am naive on this, but why would a seller open himself up for a very serious fraud charge like this KNOWING they are fake? Both recent auctions were Best Offer accepted auctions. The first auction sold on 1-28. The seller still has 100% fb and when you search completed listings they still show up unlike if there was a complaint by the buyer when eBay "hides" the auction info. by saying the auction info. is no longer available because they don't want people to know that fraud was committed on their site. Is the seller banking on they can get to the actual cash from the sale before the curtain is raised and go into hiding? The seller has been around eBay for 13 years although with minimal recent activity. Is this some kind of 13 year plan to make a score and go into hiding? Could the account be hijacked?

    Could the seller posssibly just be into them dirt cheap (relatively speaking) having bought them sometime long ago and realizes there aren't many people out there that can afford $55k at a pop and settled for a best offer because they might be into them for maybe $10k?
    I am intrigued by this and am just throwing this out there as food for thought. Please feel free to elaborate.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • JimDepotJimDepot Posts: 958 ✭✭
    $123,000 in 2 weeks.

    PayPal is gonna love him.
    image

  • gecko109gecko109 Posts: 8,231 ✭
    My guess is a hijacked account Rich. The bars will never be delivered, at best the buyers will get a box with 2.2 pounds of books in them. I doubt that paypal will allow those funds to clear right away, but thats simply speculation. I called paypal about a month ago and asked specifically if there was any "limit" on money I could receive, or any "holding time". I was told that my account was green light all the way. I even asked the guy, "what if I sell $100,000 in a week"?
    His response is that I could withdraw that $100k immediately. But then, I have a LOT more selling activity than 4 transactions over the past year like this seller.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    You're probably right Phil. Looks like an almost "stock" like photo for both auctions is a tip too.
    I wonder if the person doing the hacking realizes that they still can be found, simply because there is a trail now. What a chance to take in this day & age. Amazing.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    I'm guessing the bars are real but the seller doesn't own them and is just using a pic to rip off a naive buyer with more money than sense. No one in their right mind sells gold bars that heavily discounted from the melt value. If the seller is legitimate, he could just send them to APMEX or other bullion dealer and get their current melt value.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TheBigBTheBigB Posts: 942 ✭


    << <i>I'm guessing the bars are real but the seller doesn't own them and is just using a pic to rip off a naive buyer with more money than sense. No one in their right mind sells gold bars that heavily discounted from the melt value. If the seller is legitimate, he could just send them to APMEX or other bullion dealer and get their current melt value. >>

    or in the worst case a refiner like NTR with offices around the country. Scam all the way...

    Remember gold is a commodity, no need to sell pure gold well below spot.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I have no sympathy for the buyers.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • Rooster1Rooster1 Posts: 381 ✭✭✭
    Seller states 1 kilo as 32.15 grams.
    Successful deals with:Ciccio-Nibanny, Wondercoin, Republicaninmass, Utahcoin, Abitofthisabitofthat, Doubleeagles59, Peaceman
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>Seller states 1 kilo as 32.15 grams. >>



    1 Kilo = 32.15 Troy ounces. Might just be a senior moment.image


    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TheBigBTheBigB Posts: 942 ✭


    << <i>Seller states 1 kilo as 32.15 grams. >>



    1 troy ounce = 31.1 grams

    At least this seller is a USA con without knowledge of metric or Troy weights.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Unbelievable that anyone would be taken in by this obvious fraud. Cheers, RickO
  • thatboyaintrightthatboyaintright Posts: 408
    New feedback left shows some poor guy paid $19,990 by WIRE TRANSFER, for a 12 oz giant panda proof !!! Thats a major OUCH. No refunds no paypal protection , no Credit card to chargeback. That poor sap just lost 20grand to this highjacker with no way to recover. That's an expensive lesson !! Will Ebay make that right ???


    image
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    "40% Positive feedback" 697 feeback total.

    Dayyyuuummm.

    PS- I forgot that Ebay just shows recent feedback now. Maybe that's not such a bad change when it comes to issues like this.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • BORGBORG Posts: 76
    This looks to be a hacked account IMO.
  • ModernCoinModernCoin Posts: 394
    I've taken kRaZy risks before on eBay, but never for an amount over $2K and of course I never send a wire. The moment a seller requests a bank wire I tell them it's paypal or negative feedback. I've had to file $50 to $1800 claims many times, but I've always been covered.

    I feel for the folks who were scammed by this p.o.s., but for the life of me I just can't figure out why any rational person would think it's okay to wire someone who has no history of selling gold 20K for gold.
  • StorkStork Posts: 5,205 ✭✭✭✭✭
    Definitely hijacked account appearance--no activity from 9/2005 until 1/2012. A couple relatively low value auctions (including one won by a now NARU buyer with a feedback of 4). No one deserves to be ripped off, but a little caution is warranted when an account goes active after 6.5 years. Maybe that was when the jail sentence was up...wowzers.

  • KipKip Posts: 852
    candlelightskin
    Default User image

    Member id candlelightskin ( 697Purple star icon for feedback score in between 500 to 999)
    This member's 12 month Feedback ratings
    Member since: May-01-99 in United States
    Recent feedback ratings (last 12 months)
    1 month 6 months 12 months
    Positive feedback rating Positive 0 2 2
    Neutral feedback rating Neutral 0 0 0
    Negative feedback rating Negative 3 3 3
    968 Feedback received | Revised Feedback: 0
    See this Seller's 30-Day Negs

    Feedback From/price Date/time
    Negative feedback rating Paid by wire and never receive package. Fraud, Fruad and criminal Fraud! Buyer:
    Member id kruan34 ( Feedback Score Of 98Blue star icon for feedback score in between 50 to 99)
    Feb-10-12 18:26
    1986 (Giant 12 oz Proof) Gold Chinese Panda NGC PF-68 (#330673724746) US $19,999.00 View Item 1986 (Giant 12 oz Proof) Gold Chinese Panda NGC PF-68
    Negative feedback rating Wanted bank wire, wouldn't use escrow service by ebay, 700 pos. feedback????? Buyer:
    Member id coinking52 ( Feedback Score Of 52Blue star icon for feedback score in between 50 to 99)
    Feb-06-12 21:36
    Pamp Suisse 1 Kilo (32.15) Gold Bar With Assay Certificate (#330679302493) US $34,999.00 View Item Pamp Suisse 1 Kilo (32.15) Gold Bar With Assay Certificate
    Negative feedback rating fraud. seller request bank wire. no response since then. Buyer:
    Member id juliebin2000 ( Feedback Score Of 90Blue star icon for feedback score in between 50 to 99)
    Feb-04-12 20:03
    1986 (Giant 12 oz Proof) Gold Chinese Panda NGC PF-68 (#330678559389) US $19,999.00 View Item 1986 (Giant 12 oz Proof) Gold Chinese Panda NGC PF-68
    info
    Detailed item information is not available for the following items because the Feedback is over 90 days old.
    Neutral feedback rating sorry in car accident not home, will send money now that am home in 3days Buyer:
    Member id chillingparliment83 ( Feedback Score Of -3 )
    Jun-28-04 14:37
    -- (#4901356901) --
    Neutral feedback rating NO PAY Seller:
    Member id buffalotrade ( Feedback Score Of 220Teal star icon for feedback score in between 100 to 499)
    Feb-28-04 15:36
    -- (#2365057446) --
    Neutral feedback rating Never responded to emails or received item....money was refunded via PayPal Buyer:
    Member id 44907876@deleted ( Feedback Score Of 256Teal star icon for feedback score in between 100 to 499)

    No longer a registered user Nov-15-02 09:15
    -- (#1765412331) --
    Neutral feedback rating still haven't received item... would like item or refund soon Buyer:
    Member id stevegirl ( Feedback Score Of 100Teal star icon for feedback score in between 100 to 499)
    Nov-13-02 09:05
    -- (#1761664755) --
    Negative feedback rating End 8/30-Paid 9/6-No Belt-Promised Refund NOTHING RCV'D!!! Been 2 Months BEWARE! Buyer:
    Member id woogafee ( Feedback Score Of 232Teal star icon for feedback score in between 100 to 499)
    Nov-05-02 04:29
    -- (#953957428) --
    Negative feedback rating
    UCSB Electrical Engineering....... USCG and NASA
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