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What do I not understand

TigersFan2TigersFan2 Posts: 1,442 ✭✭
in U.S. & World Currency Forum
What am I not understanding about this auction? 5 $100 bills for $588.99. And they're not even uncirculated or unique in any way. And it says "120 sold." I can go to any local bank or credit union and get 5 $100 bills for $500. Or is this a form of money laundering? Turning money from a paypal account into cash for a $88.99 fee?

Ebay Auction
I love the 3 P's: PB&J, PBR and PCGS.

Comments

  • AUandAGAUandAG Posts: 24,762 ✭✭✭✭✭
    Sure does look like the margin is super slim. But, if you just want a single $100 bill you don't have to go the bank, just order from him for $120 each......save the gas man.



    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • TigersFan2TigersFan2 Posts: 1,442 ✭✭
    Gas isn't that expensive.
    I love the 3 P's: PB&J, PBR and PCGS.
  • lettowlettow Posts: 80 ✭✭✭
    Monetizing Ebay Bucks. Probably started the listing on July 1.
  • TCCUGATCCUGA Posts: 70 ✭✭
    My guess? Soliciting business from identity thieves/stolen credit cards. Tons of them floating out there.

    Seller makes 88.99 minus fees for doing nothing, buyer gets $500 cash by using paypal and a stolen credit card number. Maybe purchases multiple lots, to max it out.

    By the time the cc victim discovers it, the thief is long gone with the cash.
    Buying Athens, GA nationals and obsoletes, for my personal collection
    Buying most large and small type notes and some nationals for inventory
  • TigersFan2TigersFan2 Posts: 1,442 ✭✭
    Originally posted by: TCCUGA
    My guess? Soliciting business from identity thieves/stolen credit cards. Tons of them floating out there.

    Seller makes 88.99 minus fees for doing nothing, buyer gets $500 cash by using paypal and a stolen credit card number. Maybe purchases multiple lots, to max it out.

    By the time the cc victim discovers it, the thief is long gone with the cash.


    That is the most logical answer.

    After fees, the seller is only making around $30. Not really worth the effort as there's considerable risk to the seller if a dishonest buyer claims there were only 4 bills or even no bills in the shipped envelope.


    I love the 3 P's: PB&J, PBR and PCGS.
  • MaxcrushaMaxcrusha Posts: 628 ✭
    earlier this year I sold 3 $100's on ebay and yup, payed for with a stolen credit card

    or so I was told by paypal
  • TigersFan2TigersFan2 Posts: 1,442 ✭✭
    Originally posted by: Maxcrusha
    earlier this year I sold 3 $100's on ebay and yup, payed for with a stolen credit card

    or so I was told by paypal


    Were you out the money? Or did PayPal or Ebay eat the loss?
    I love the 3 P's: PB&J, PBR and PCGS.
  • MaxcrushaMaxcrusha Posts: 628 ✭
    if you can believe it i was able to keep the money since i had shipped the notes
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