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A good number of people on ebay have lost their minds!

MarkW63MarkW63 Posts: 1,532 ✭✭✭✭
edited June 9, 2021 10:13PM in U.S. Coin Forum

I wonder if this seller would be interested in buying the coin I just bought for say $250.00?
https://www.ebay.com/itm/1951-D-Lincoln-Cent-Wheat-Penny-Gorgeous-penny-/293710963766?_trksid=p2385738.m4383.l4275.c10

Here is the one I just bought.
https://www.ebay.com/itm/332088454746

These listings for stupid "No Mint Mark" Very Rare" are springing up all over ebay!
Do a search for 1940 Lincoln Cent :D
I'm not surprised to see listings like this, but I guess I am by seeing so many of them.

"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!

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Comments

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭
    edited June 9, 2021 11:39PM

    @MsMorrisine said:
    What I was saying in the other thread was that these listings are common and have been around for years.

    They aren’t springing up, they have already sprung years ago.

    Well, I read your other post and I knew you were right, but tonight I was browsing the 1940's, and the 51's and then I took a jump to 42's 43 steel's and it seemed like they were thousands of these crazy listings, that's why I said "sprung up" it just seems like a bad flu season, everybody has the bug!

    Can I make you a good deal on a pristine BU RED Very Rare, post war, copper, 1951-D Lincoln cent, today only $75.00 shipping included lowest price listed on ebay :D
    Okay, you were WAY more right than I thought possible.

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    The first one is a listing by a group of scammers with little or no feedback that have been plaguing ebay of late. These particular sellers have been listing these absurd items for 3 or 4 months now. Unlike MsMorrisine this is something I've not seen before.

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    Yes ... I believe so.

  • PerryHallPerryHall Posts: 46,873 ✭✭✭✭✭

    Nothing new here. As the ancient Romans would say, "caveat emptor".

    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

  • 291fifth291fifth Posts: 24,706 ✭✭✭✭✭

    Remember what P.T. Barnum said.

    All glory is fleeting.
  • messydeskmessydesk Posts: 20,318 ✭✭✭✭✭

    I think one of the first things for sale on eBay was a "RARE L@@K!!!!11"

  • Pnies20Pnies20 Posts: 2,491 ✭✭✭✭✭

    That’s pretty much a standard eBay markup for coins

    BHNC #248 … 130 and counting.

  • MilesWaitsMilesWaits Posts: 5,429 ✭✭✭✭✭

    eBay lost me at “Penny” with no discernible bullion content and pure speculation. At any price.
    I have all I want.

    Now riding the swell in PM's and surf.
  • HenryOHenryO Posts: 80 ✭✭✭

    I had taken about a year break from Ebay. Coming back recently things do look crazier on the part of some sellers AND buyers. As a newbie last year, I know I made some mistakes, but at least I had a redbook, PCGS priceguide and photograde to keep out of serious insanity.
    Recently saw this lot of 13 Mercury Dimes go for over $600. I thought that was insane, or did I miss something?
    https://www.ebay.com/itm/402864598744?ssPageName=STRK:MEBIDX:IT

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭
    edited June 10, 2021 8:00AM

    @messydesk said:
    I think one of the first things for sale on eBay was a "RARE L@@K!!!!11"

    :D I have seen those before, seems the new trend is,
    Very Rare! Copper! No Mint Mark! for about any Wheat Cent.

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭

    @HenryO said:
    I had taken about a year break from Ebay. Coming back recently things do look crazier on the part of some sellers AND buyers. As a newbie last year, I know I made some mistakes, but at least I had a redbook, PCGS priceguide and photograde to keep out of serious insanity.
    Recently saw this lot of 13 Mercury Dimes go for over $600. I thought that was insane, or did I miss something?
    https://www.ebay.com/itm/402864598744?ssPageName=STRK:MEBIDX:IT

    I know you either know none of them were key dates (I'd have to check) but when you saw them did it make you want to get out a coin guide to see if some of them were key dates? I've done that several times lately with some of the Wheat cents I've been seeing thinking I might have missed something about the coin.

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • YQQYQQ Posts: 3,340 ✭✭✭✭✭

    why is not someone taking him out?, i.e. reporting this to feebay?
    9 feedbacks?
    Ebay should be concerned

    Today is the first day of the rest of my life
  • HenryOHenryO Posts: 80 ✭✭✭

    @MarkW63 said:

    @HenryO said:
    I had taken about a year break from Ebay. Coming back recently things do look crazier on the part of some sellers AND buyers. As a newbie last year, I know I made some mistakes, but at least I had a redbook, PCGS priceguide and photograde to keep out of serious insanity.
    Recently saw this lot of 13 Mercury Dimes go for over $600. I thought that was insane, or did I miss something?
    https://www.ebay.com/itm/402864598744?ssPageName=STRK:MEBIDX:IT

    I know you either know none of them were key dates (I'd have to check) but when you saw them did it make you want to get out a coin guide to see if some of them were key dates? I've done that several times lately with some of the Wheat cents I've been seeing thinking I might have missed something about the coin.

    I did check them close for keys. In fact one of the pics looked like a 21, but in the description was a 31(optical illusion) I even requested and received a clearer photo from the seller. I was interested in the lot to upgrade a few coins in my Merc collection. I was out at $150. being generous because they all seemed to be better circulated condition. My mind was boggled when they went to $600. I think someone else should have read the description and asked the questions...

  • jmlanzafjmlanzaf Posts: 36,778 ✭✭✭✭✭

    I've been ignoring these listings for years. When you get bored, go peruse Etsy. You're a little obsessed with these folks.

  • telephoto1telephoto1 Posts: 4,964 ✭✭✭✭✭

    Etsy has a guy who's been doing 4 and 5 digit listings for junk coins for quite some time now. $50,000 Sacagaweas, $2000 Bicentennial Quarters, and more... and it seems everyone who sees those listings calls us up thinking they just hit the lottery because they have roll quantities of them. When I tell them the dude is an idiot and the coins are just worth face value then of course I'm the bad guy because I'm not telling them what they want to hear. I've complained to the site but they apparently don't care.


    RIP Mom- 1932-2012
  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭

    @jmlanzaf said:
    I've been ignoring these listings for years. When you get bored, go peruse Etsy. You're a little obsessed with these folks.

    LoL! Well, I didn't mean to get obsessed with them it was by accident really. From time to time I get my Lincoln collection out and I'll go on ebay (no dealers around me) and look for some none key dates for upgrades to the few G4's I have left in my collection and in doing so I was shocked to see SO MANY listings of crazy priced Lincoln Wheat cents.
    Then, because I searched some of them they now keep popping up as might be interested in items.
    Now, I have become obsessed with looking for fake/counterfeit 09S-VDB, 1914D, & 55 DDO' I search the newly listed group of these several times a day if I'm at home at all. That all started after I took the burn of a purchase of a 09S-VDB for $500.00 That's been a year ago now and thus far I've got $200.00 of my money back and a promise of $200.00 more that I was supposed to get around the first of March (didn't happen).
    Thanks for your feedback!

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • coinbufcoinbuf Posts: 11,853 ✭✭✭✭✭
    edited June 10, 2021 8:50AM

    Between this forum and the one ATS the number of new posters asking about common pocket change thinking they have million dollar coins has gone way up over the past year+. These are people that have watched some of the hype youtube videos or have looked on ebay and etsy and have seen some of the outlandish prices that some seller are asking. Its a few bad or misinformed sellers and a lot of monkey see monkey do driven by a combination of covid boredom and a desire not to go back to work.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • cmerlo1cmerlo1 Posts: 7,960 ✭✭✭✭✭
    edited June 10, 2021 8:58AM

    Maybe there's another YouTube video scam going on.

    This was done with Lincoln cents that were slightly over/underweight:

    1. Post videos to YouTube and/or Etsy showing common Lincoln cents with slight weight variations.
    2. Explain that coins that coins like these are very rare, and claim the ones being shown are worth hundreds or thousands of dollars each.
    3. At the end of the video, give your eBay handle or website address where you happen to have some for sale.
    4. $$$$

    While I don't see it at the ANACS table as often as I did at shows in 2019, I still encounter this from time to time, and always get the same response: "The guy on YouTube said these were really valuable."

    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • oih82w8oih82w8 Posts: 12,611 ✭✭✭✭✭
    edited June 10, 2021 9:01AM

    Some of these outrageous listings should have a clause "for entertainment purposes only"

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • truebloodtrueblood Posts: 609 ✭✭✭✭

    @TurtleCat said:
    The people who lost their minds are those who buy these things without doing at least 3 seconds worth of research.

    So maybe one can say they deserve their just rewards

  • winterwinter Posts: 74 ✭✭

    There is not eBay interest in end that listings, each month automatic renewal means fees . 20 cents, for millions of listing for months and years is real money.

  • jmlanzafjmlanzaf Posts: 36,778 ✭✭✭✭✭
    edited June 10, 2021 11:20AM

    @winter said:
    There is not eBay interest in end that listings, each month automatic renewal means fees . 20 cents, for millions of listing for months and years is real money.

    This is not true. Listings are free up to a certain number. You're thinking of Etsy.

    In fact, eBay does have a reason to not allow a bunch of free listings that don't sell to clog up their server.

    What ebay doesn't have is a policy that restricts pricing. Nor should they, in my opinion. It is to open to abuse.

  • silverpopsilverpop Posts: 6,747 ✭✭✭✭✭

    simple and to the point those people are fishing for suckers

    Coins for Sale: Both Graded and Ungraded
    https://photos.app.goo.gl/oqym2YtcS7ZAZ73D6

  • BuffaloIronTailBuffaloIronTail Posts: 7,549 ✭✭✭✭✭

    @astrorat said:
    Hey ... the seller previously sold a 2016 Lincoln for $1000. Sure, it was a Lincoln MKZ, but it was still a 2016 Lincoln!

    GEEE........guess you can say they really weren't lying.

    "I tell them there's no problems.....only solutions" - John Lennon
  • logger7logger7 Posts: 9,068 ✭✭✭✭✭

    Spam listings; no other auction or sales site would permit that.

  • acsbacsb Posts: 162 ✭✭✭
  • WAYNEASWAYNEAS Posts: 7,010 ✭✭✭✭✭

    I was considering putting this on "The forum needs a little humor" page but decided to put it here.
    Read it in its entirety and see how many issues you can come up with.
    LOL
    https://www.ebay.com/itm/313559027413?hash=item4901930ed5:g:sUEAAOSwxOBgv7dX
    Wayne

    Kennedys are my quest...

  • rec78rec78 Posts: 5,872 ✭✭✭✭✭

    Everyone knows that a coin rotated 25% on both sides in the same direction is worth a lot of money. :)

    @WAYNEAS said:
    I was considering putting this on "The forum needs a little humor" page but decided to put it here.
    Read it in its entirety and see how many issues you can come up with.
    LOL
    https://www.ebay.com/itm/313559027413?hash=item4901930ed5:g:sUEAAOSwxOBgv7dX
    Wayne

    Missing "D" Variety

    image
  • labloverlablover Posts: 3,709 ✭✭✭✭✭

    Yep, and they all most likely vote...

    "If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
  • SilverProofQuarter1883SilverProofQuarter1883 Posts: 1,883 ✭✭✭✭✭
    edited June 10, 2021 4:22PM

    Lol these are now worth $1500 on the bay
    People just come up with these numbers out of thin air.

  • WCCWCC Posts: 2,895 ✭✭✭✭✭

    I don't look at US listings often but there is still overpriced dreck where I look in world coins. I have bought no coins there so far this year and two last year, one for about $50 and a second for somewhat over $100.

  • KurisuKurisu Posts: 2,066 ✭✭✭✭✭
    edited June 10, 2021 9:40PM

    Coins are Neato!

    "If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright

  • daltexdaltex Posts: 3,486 ✭✭✭✭✭

    Please take this with a grain, maybe a whole pinch, of salt. Over on the PSA side we have something similar, except far more extreme. The 1990 Fleer Jose Uribe is worth far, far less than these cents in any grade except 10, and not a whole lot more in 10. I offer this eBay page for your entertainment: https://ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1311&_nkw=1990+fleer+uribe&_sacat=0

    Please don't take my word for it, just consider how likely it is that anything truly rare is offered on eBay 350-450 times all at once.

    There has been speculation, not sure backed up by how much evidence, that this card is used in money laundering. I think it's possible with these cents as well. Not suggesting that all or even more than a very few of these guys are money launderers, but if you see something sell on eBay for far more than you thought it was worth and you had one, then maybe you'd try for a really high price, too. The guy who has sold 8 of these for $7.50has figured out how to win at this game.

  • Steven59Steven59 Posts: 10,078 ✭✭✭✭✭

    Now I can't stop singing this song ..............

    "When they can't find anything wrong with you, they create it!"

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I sure do miss the early days on ebay... There were good deals in many categories back then. I do not go there anymore. Cheers, RickO

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭

    @ricko said:
    I sure do miss the early days on ebay... There were good deals in many categories back then. I do not go there anymore. Cheers, RickO

    I do remember those days as well, it was February 2000 when I first set up my ebay account, you could ship (mail) small items for a good price, people mainly bought and sold little things for just a few bucks to get some feedback started and then they moved to the better more pricey items because they had enough positive feedback to attract buyers. The sad thing is there is still a lot of really good ebayers its just that now they're lost in a swamp of corruption and scams.

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭

    I don't visit etsy but I'm think that with so many listings like this showing up on ebay that a lot of them have gotten the idea these coin are valuable from esty and just started a storm of similar listings on ebay. This is truly sad, has anyone here actually saw one of these absurd listings actually sell? I mean its not possible a coin collector of any degree would buy or even shop without some sort of Coin Price guide would they?

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    There are many people who get caught up in 'coin fever' due to news items, TV or YouTube and do not have a RedBook or any other reference material. So yes, there are people out there buying coins without any reference material at all. Very sad. Cheers, RickO

  • MasonGMasonG Posts: 6,262 ✭✭✭✭✭

    @MarkW63 said:
    I do remember those days as well, it was February 2000 when I first set up my ebay account, you could ship (mail) small items for a good price...

    If you print a label through eBay, shipping is cheaper today than it was 25 years ago when adjusted for inflation. And you get tracking now, which wasn't available then.

  • Steven59Steven59 Posts: 10,078 ✭✭✭✭✭

    @ricko said:
    There are many people who get caught up in 'coin fever' due to news items, TV or YouTube

    Problem is that there are uninformed people out there that believe everything they see on youtube and Facebook - and thus begins the problem. If you try to explain that it isn't true they actually get mad at you. That's downright scary..........

    "When they can't find anything wrong with you, they create it!"

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Steven59 ... Very true. When I was working in the PNW, it was known in the company that I was a coin collector. People would bring me coins and ask for my opinion. So often, they were coins obtained from the TV hucksters, or similar to a YouTube item. Yes, some do get upset, very upset. One guy would never talk to me again.... Though he did find out I was correct. I always let them down as gently as possible, but people hate to be conned - and then they take it out on the person that exposes the con. Usually they do not believe the first person who tells them.... Sometimes takes two or three more. Cheers, RickO

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭

    @MasonG said:

    @MarkW63 said:
    I do remember those days as well, it was February 2000 when I first set up my ebay account, you could ship (mail) small items for a good price...

    If you print a label through eBay, shipping is cheaper today than it was 25 years ago when adjusted for inflation. And you get tracking now, which wasn't available then.

    Do you have to have an ebay store to do that? that's something I've never done and I do have some very vintage items that my mother had that I'm thinking of putting on ebay, I do have a far amount of 100% positive feedback that goes back to 2000, but I never setup an ebay store, I just never had enough flow of anything to feed it.
    Looks like I've got over 700 100% positive feedback.
    https://www.ebay.com/usr/mark_3957

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • ElmerFusterpuckElmerFusterpuck Posts: 4,801 ✭✭✭✭✭

    Those listings are mega annoying, and Ebay doesn't even give you a good category to report for crap like that. It's not counterfeit, it's not word spam, it's not illegal and so on. It is misrepresented, but Ebay only gives you a narrow choice there.
    The situation is the same with Facebook and Twitter: garbage accounts spewing about bitcoin, begging for money and having suspicious links, with no good reporting mechanism. All you get is a canned response saying that it didn't violate the rules. But heaven forbid if you use the words ****, **** or ********! Then you will be banned!

  • MasonGMasonG Posts: 6,262 ✭✭✭✭✭

    @MarkW63 said:
    Do you have to have an ebay store to do that?

    I don't know. Here's a link to the eBay page describing the service:

    https://pages.ebay.com/seller-center/shipping/ebay-standard-envelope.html

  • MarkW63MarkW63 Posts: 1,532 ✭✭✭✭

    @MasonG said:

    @MarkW63 said:
    Do you have to have an ebay store to do that?

    I don't know. Here's a link to the eBay page describing the service:

    https://pages.ebay.com/seller-center/shipping/ebay-standard-envelope.html

    Thanks I'll check it out later!

    "I Prefer Dangerous Freedom Over Peaceful Slavery"
    Thomas Jefferson!

  • nwcoastnwcoast Posts: 2,884 ✭✭✭✭✭

    Deception, fraud, theft, greed, laziness and outright stupidly have all increased exponentially over the past few years. This is merely another obvious manifestation and evidence of such.

    Many think the way to riches is through posting something cute or idiotic on social media, or hitting the jackpot through some far fetched lottery of chance and luck.

    Before my recent retirement, I was getting between five to 10 calls per day on our land line claiming that I had run afoul of the law, the IRS, that my bank card had been compromised, and/or that my Microsoft operating system had been compromised with a virus. (I use Macs).

    I no longer have that phone line but the fraud attempts continue through email and texts, and they get more saavy all the time.

    Ebay listings are just further evidence of this disturbing pattern.
    A Luddite existence seems at times more desirable!
    Rant over...

    (and I was just getting started) ;-)

    Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014

  • BuffaloIronTailBuffaloIronTail Posts: 7,549 ✭✭✭✭✭

    @Steven59 said:
    Now I can't stop singing this song ..............

    YOU started it!

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon

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