So, I've been conducting a little experiment on eBay.

Russ · April 26, 2005 2:28AM

I used to be able to pick up "unopened" 1964 proof sets for around $10 to $11. Not anymore, so these days I'm willing to go $13 including shipping. For the last five weeks or so, I've programmed every "unopened" 1964 proof set listed in to auctionsniper at an amount that would come to $13 shipped.

How many have I won? Zero. Nada. Zip. Zilch. Not a damned single one. Matter of fact, not even close. These "unopened" proof sets are averaging around $18 a crack before shipping, and many are going as high as $25.

Man, what a racket.

Russ, NCNE

mgoodm3 · April 26, 2005 2:33AM

Sounds like you should be selling rather than buying.

poorguy · April 26, 2005 2:40AM

Man, think of the potential profit of those 2000+ unopened mint sets you've raided.

Millertime · April 26, 2005 2:41AM

It's all your fault Russ. You've gotten so many "YOU SUCK" posts that everyone is trying to be the next you. I want to find one of your birthmark Kennedys so maybe I could trade for some of the Kennedys I'm missing (doubt it will happen but I'll keep looking).

Millertime

F117ASR · April 26, 2005 2:49AM

Well you and marty have tought many lurkers and boardmembers what to search for. Of course you have also told us that there are almost no such thing as unopened anymore (don't know why people chose to ignore that). I suggest not telling anyone the next profit making coin (except for me of course

). It has helped you though in terms of sales. I imagine you had quite a stockpile and sold quite a few pieces.

GAT · April 26, 2005 3:25AM

Just like Cinderella at midnight, eBay is turning into a giant pumpkin and getting worse by the day. It appears they have no intention of eliminaing fraud and unopened Proof Sets are one of the biggest frauds. They should ban the sale of replacement envelopes.

markglicker · April 26, 2005 3:26AM

Man, what a racket.

Grow up, Russ. It is called supply and demand.

Russ · April 26, 2005 3:29AM

<< <i>Man, what a racket.

Grow up, Russ. It is called supply and demand. >>

Yep, the supply is infinite and the suckers are demanding to be ripped off.

Russ, NCNE

MajorDuty · April 26, 2005 4:07AM

Technically there is no fraud in most of these auctions. These sets are in fact "unopened". Newly sealed, sure, but unopened just the same. ;-] Now, if the auctions claim something more like "never ever have been opened since their release from the U.S. Mint" that's another thing.

I can't believe Russ was getting these sets for $13 including shipping. He sucks. I could have told him his pre-programmed snipes lately would not have pulled one in at that price, not including shipping. I was interested in those sets for a while, but not in the hopes of finding a cameo, just wanted a run of '60s sets, and never saw one go below $16, shipping aside.

dorkkarl · April 26, 2005 9:11PM

after fees & stuff, how much do the sellers actually net?

K S

maddogale · April 26, 2005 9:40PM

How many have I won? Zero. Nada. Zip. Zilch. Not a damned single one.

So, I've been conducting a little experiment on eBay.

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