Home U.S. Coin Forum

negative feedback

I'm new to this board, but been lurking a while. I've enjoyed a number of the posts and have often been tempted to add a word. I saw some posts regarding neg feedback. Recently I won an auction from a vendor "numarkets" for a 82 unc set. When received, it was just cleverly packaged to appear to be a souvenir set. numarkets wouldn't respond to phone or e-mail or messages. E-bay wouldn't do a thing ( they just send those insulting automated platitude notes saying "their dog ain't in that fight", good luck ). So I contacted "squaretrade" as they offered their underwritten endorsement of numarkets. Neither numarkets or squaretrade would respond. I then gave a negative feedback to numarkets.

Several weeks later I received an e-mail from squaretrade saying that time had expired for me to respond to numarkets' challenge to the neg feedback, and they were removing the negative feedback. Of course, I hadn't received either of the two previous e-mails they sent which supposedly advised me of the challenge. I only got the third one, notifying me of the expiration. It's obvious to me that numarkets is a master at cleverly disguising phony sets, and that squaretrade is equally good at disguising the deceit of their vendors.

Paypal, bless their hearts, was magnificent, again. They refunded a portion of the price, less expenses (?), so all wasn't lost, and this isn't such a sad story. I did want to make it known, though, in case others have had similar experience, or are considering doing business with either of the above.

I'm still looking for the 82 or 83 souvenir sets...

Markets (governments) can remain irrational longer than an investor can remain solvent.

Comments

  • flaminioflaminio Posts: 5,664 ✭✭✭
    Auction link?
  • RussRuss Posts: 48,514 ✭✭✭
    Link to the auction?

    Russ, NCNE
  • RussRuss Posts: 48,514 ✭✭✭
    Flaminio is a genius.

    Russ, NCNE
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>Flaminio is a genius. >>

    I'm gonna put that in my sig image.
  • How in the world would one fake a souvenir set?
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>How in the world would one fake a souvenir set? >>



    There are a lot of aftermarket created sets listed on eBay. Most of them are very obvious, but some are done well enough to be deceptive, which is why I'd like to see the auction.

    Russ, NCNE
  • flaminioflaminio Posts: 5,664 ✭✭✭
    numarkets's auctions

    Looking at the wide variety of jank that this guy sells, I think I can come up with an image of the seller:

    image


  • << <i>I'm new to this board, but been lurking a while. I've enjoyed a number of the posts and have often been tempted to add a word. I saw some posts regarding neg feedback. Recently I won an auction from a vendor "numarkets" for a 82 unc set. When received, it was just cleverly packaged to appear to be a souvenir set. numarkets wouldn't respond to phone or e-mail or messages. E-bay wouldn't do a thing ( they just send those insulting automated platitude notes saying "their dog ain't in that fight", good luck ). So I contacted "squaretrade" as they offered their underwritten endorsement of numarkets. Neither numarkets or squaretrade would respond. I then gave a negative feedback to numarkets.

    Several weeks later I received an e-mail from squaretrade saying that time had expired for me to respond to numarkets' challenge to the neg feedback, and they were removing the negative feedback. Of course, I hadn't received either of the two previous e-mails they sent which supposedly advised me of the challenge. I only got the third one, notifying me of the expiration. It's obvious to me that numarkets is a master at cleverly disguising phony sets, and that squaretrade is equally good at disguising the deceit of their vendors.

    Paypal, bless their hearts, was magnificent, again. They refunded a portion of the price, less expenses (?), so all wasn't lost, and this isn't such a sad story. I did want to make it known, though, in case others have had similar experience, or are considering doing business with either of the above.

    I'm still looking for the 82 or 83 souvenir sets... >>




    Any idea why you didn't receive the two emails about the challenge?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • RichieURichRichieURich Posts: 8,553 ✭✭✭✭✭
    image to the Forums, Razzle!

    I'm sorry to hear of your unpleasant experience on ebay. I think most of us have been there, being ripped off by a seller, having eBay do nothing, having Squaretrade do nothing, and maybe getting some satisfaction from Paypal and maybe not. So we feel your pain.

    By the way, I've often heard negative comments on Squaretrade. Has anyone had a positive experience with them, or are they completely worthless (as my experience with them would suggest)?
    Edit: IMO Squaretrade isn't good enough to be completely worthless. They are worse than worthless because they give the buyer some sort of confidence in the seller, so they are aiding the worthless sellers IMO.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Looking at the wide variety of jank that this guy sells, I think I can come up with an image of the seller: >>



    They also have 97.3% feedback with 1695 negs and at least that many neutrals. Not somebody I'd even consider doing business with.

    Russ, NCNE
  • razzlerazzle Posts: 993 ✭✭✭
    Thank you for the kind and prompt replies. It was item #200016651520, dated 8/21, so only accessible by search.
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • RussRuss Posts: 48,514 ✭✭✭
    Razzle,

    Does this look like the set you bought?

    If so, I'd note two things. a) It's obviously an aftermarket set, and b) Nowhere in the auction does the seller claim it's a Souvenir Set.

    Russ, NCNE
  • razzlerazzle Posts: 993 ✭✭✭
    pharmer,

    No idea why I didn't get them. I do know that they are the first ones I've ever missed. Not in the spam folders either. I'm left to assume it's part of their strategy...
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • RussRuss Posts: 48,514 ✭✭✭
    Razzle's auction link.

    See my comments in my other post.

    Russ, NCNE
  • RichieURichRichieURich Posts: 8,553 ✭✭✭✭✭


    << <i>

    << <i>Looking at the wide variety of jank that this guy sells, I think I can come up with an image of the seller: >>



    They also have 97.3% feedback with 1695 negs and at least that many neutrals. Not somebody I'd even consider doing business with.

    Russ, NCNE >>



    Plus 791 feedbacks mutually withdrawn. Means both gave a negative and then somehow agreed to withdraw them. Another bad sign. I concur with Russ's opinion.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Wow! More than one person thought that set was the real deal! Of course, these sets do sell for a pretty penny and it only underscores the need to do some research before you start bidding beau coup bucks on an Ebay item.

    Razzle, IMO you are really lucky you got some of your money back. The part you didn't get refunded goes into your "School of Hard Knocks" scholarship.

    For future reference, the collecting community knew that there woyuld be no US Mint sets available in 1982 and 1982 but each mint did assemble their souvenier sets. The P & D sets were never ever packaged together by the US Mint and were only available in individual envelopes. For authenticity, each set did contain a dollar sized mint medal and not the plastic token so common in the aftermarket.

    image

    image

    Edited to add 1983 Souveneir Set Images (After Russ of course....)
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • razzlerazzle Posts: 993 ✭✭✭
    Russ, Rich

    "a) It's obviously an aftermarket set, and b) Nowhere in the auction does the seller claim it's a Souvenir Set."

    You're right, I was fooled, yet, a) "obvious" is a very subjective adjective regarding the pics in coin ads and b) I didn't say it claimed to be a souvenir set, just that it was disguised to look like one.

    Your comments about their 97% rating and the withdrawn feedback, as well as Rich's supportive comments, are both true and helpful. My post here is really to add emphasis to an already weak reputation, and to further alert others not only about numarkets as a vendor, but also about squaretrade as an endorser, and to draw attention to the "loophole" that squaretrade has found in the negative feedback indicator.

    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    What made you think it was a souvenir set? Don't ss have metal mint tokens?
    Change that we can believe in is that change which is 90% silver.
  • RichieURichRichieURich Posts: 8,553 ✭✭✭✭✭


    << <i>Razzle, IMO you are really lucky you got some of your money back. The part you didn't get refunded goes into your "School of Hard Knocks" scholarship. >>



    Razzle, a relatively inexpensive lesson from the "School of Hard Knocks". A lot less expensive than some lessons I and others have had. Don't be discouraged, learn from your mistake and move forward!

    An authorized PCGS dealer, and a contributor to the Red Book.



  • << <i>What made you think it was a souvenir set? Don't ss have metal mint tokens? >>



    That was what I was hoping to see !! I was expecting fake metal mint tokens done under cover of darkness in secret Chinese reverberatory furnaces.
  • razzlerazzle Posts: 993 ✭✭✭
    Lee,


    Thanks for the comment, very helpful. I think I was lucky to get anything back, too, as you say. I've made two claims through Paypal, both have been very positive. This numarkets set was the first negative feedback I've given, though a few other items I've "won" were marginal. No stranger to "hard knocks," I still regard my experiences with the e-bay auctions to be over-all positive. It's also true that I do not know what a souvenir set from 82-83 should look like, and, so, I suppose I shouldn't be bidding on a picture of one. Your comment gives me some hints, anyway, as I'd still like to complete my set.
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • RichieURichRichieURich Posts: 8,553 ✭✭✭✭✭
    Razzle, go for it. I think the 1982 and 1983 Souvenir Sets are very collectible items. I would suggest looking at ebay listings for a while until you know what the real Souvenir Sets look like. Also, be careful, the two mints' sets are generally sold separately. Make sure if you're bidding for both the P & D sets for a year that the auction includes both sets. And good luck!

    An authorized PCGS dealer, and a contributor to the Red Book.

  • Dog97Dog97 Posts: 7,874 ✭✭✭
    <<<It's also true that I do not know what a souvenir set from 82-83 should look like>>>

    Hell I don't either, I'm not current on modern Mint products. I looked at some on eBay after reading this thread and the best I can tell ss have metal mint tokens and the envelope says "Souvenir Set" while the regular Mint sets have cardboard tokens.

    Maybe that is how the seller got his neg removed? Anyway it was interesting to read that a neg won't stick unless you reply to the squaretrade emails if the seller is a member of squaretrade.
    Change that we can believe in is that change which is 90% silver.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>It's also true that I do not know what a souvenir set from 82-83 should look like >>



    This is what authentic sets look like:

    image

    image

    And here's another common aftermarket set:

    image

    Russ, NCNE
  • razzlerazzle Posts: 993 ✭✭✭
    Russ,

    Thank you very much for posting the pictures. I must say I was pleasantly surprised to find the cathartic relief just from having expressed it here, and having received so much interest, comment and helpful responses.
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • please clue in the clueless. Are these souvenir sets mint products? And are the pics shown just some of the variations (e.g the 3rd pic does not include the large goldish token contained in the first two). Looking for an education. mike
    "If someone says 'A penny for your thoughts' and you give them your 2 cents worth, what happens to the extra penny?" G.Carlin
  • WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    One thing I noticed right away was the packaging. The US Mint has custom crimping where the after mint products all have uniform crimp pockets for the coins/tokens.

    KP stands for Krause Publications, Iola, WIsconsin, publisher of Coins magazine. These were put together (second set in photos) to offer this year set for those who could not get to the Denver or Philadelphia gift shop to get the official souvenier sets. It was well known back then that it was just a collection of uncirculated coins, but now I guess it could be misconstrued to infir an actual US Treasury Mint Set. Interesting lesson for borderline coin deals of e-bay.
    image
    imageKrause Publications
    image
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file