Weird eBay Auction

CharlesDarwin

Came across these two strange auctions, where someone is promoting a raw modern cent as a top pop coin. I really wish I could see the "best offer accepted" price...anyway, these are odd. User only had these two auctions. Has anyone else seen anything like this? Do eBayers get away with promoting modern raws as top pops and get a premium for it?!? Seems crazy.

https://www.ebay.com/itm/2017-P-Lincoln-Shield-Cent-Looks-Like-MS68-RED-REGISTRY-500-Dollar-Value-/172861175675?hash=item283f54377b:g:Wx8AAOSwKBVZtqHz

https://www.ebay.com/itm/2017-P-Lincoln-Shield-Cent-Looks-Like-MS68-RED-REGISTRY-500-Dollar-Value-/172802550687?hash=item283bd5ab9f:g:yuUAAOSwVRNZgNEc

Kyle

The first coin sold for $200.

The second coin sold for $150.

I'm guessing the first coin was returned since it was relisted for $30, but it's no longer available and was taken down by the seller.

divecchia

I've seen that done with raw baseball cards also listing them as top pop PSA 10's and for some reason they are allowed to get away with it. I know this because I reported a few of them and the auctions were allowed to stay up and run their course.

Donato

Rexford

Sellers are not allowed to put grades in their eBay listings if the coins are not holdered by a proper TPG.

AUandAG

Ebay will take down raw coin auctions that indicate a value. Not allowed.

bob

YQQ

ok, sounds good.
But is that for US coins only?

jmlanzaf

@AUandAG said:
Ebay will take down raw coin auctions that indicate a value. Not allowed.

bob

I'm not sure that's true. You can't indicate a numerical grade unless TPG. You can indicate a non numerical grade "XF" with a catalog value.

1630Boston

Just another valid reason I do not buy or sell on Ebay.

I do however look at 'sold' auction prices there

ricko

Although I do look at coins on ebay.... not regularly, but occasionally - I do very little business there. I know other forum members find treasures and buy/sell regularly. I use it mainly for reference or when looking for something special....Cheers, RickO

AUandAG

@jmlanzaf said:

@AUandAG said:
Ebay will take down raw coin auctions that indicate a value. Not allowed.

bob

I'm not sure that's true. You can't indicate a numerical grade unless TPG. You can indicate a non numerical grade "XF" with a catalog value.

It's true, he puts MS68 and $500 in the title and that's a violation:.
From ebay:

Listings for raw coins must follow these guidelines:
The numeric grade (such as MS-65, VF-25) isn't included in the title, description, or item specifics of the listing.
No estimate of value (even if personal opinion) or reference to a price guide is included in the title or description.

jmlanzaf

@1630Boston said:
Just another valid reason I do not buy or sell on Ebay.

I do however look at 'sold' auction prices there

So, you're saying that you don't use eBay because you aren't able to recognize that a raw cent isn't worth $200?

There's a ton of certified material. All the AP's do business there. You don't have to if you don't want to, but somebody trying to get $200 for a cent isn't exactly the best reason I've ever heard.

jmlanzaf

@AUandAG said:

@jmlanzaf said:

@AUandAG said:
Ebay will take down raw coin auctions that indicate a value. Not allowed.

bob

I'm not sure that's true. You can't indicate a numerical grade unless TPG. You can indicate a non numerical grade "XF" with a catalog value.

It's true, he puts MS68 and $500 in the title and that's a violation:.
From ebay:

Listings for raw coins must follow these guidelines:
The numeric grade (such as MS-65, VF-25) isn't included in the title, description, or item specifics of the listing.
No estimate of value (even if personal opinion) or reference to a price guide is included in the title or description.

That's odd. I do it all the time, although mostly with stamps. I often reference the greysheet in the listing body. Never had an auction ended for that reason.

CharlesDarwin

@Kyle said:
The first coin sold for $200.

The second coin sold for $150.

I'm guessing the first coin was returned since it was relisted for $30, but it's no longer available and was taken down by the seller.

Those links don't work for me...but if those prices are real, especially for those photos, that's crazy. I can't believe someone would buy those.