2007 Silver eagle on ebay 9.00 per coin

tizofthe · February 8, 2007 8:18AM

Get them while they are HOT!link

JJM · February 8, 2007 8:20AM

well if silver is going to $60 as claimed in the discription, Im in !!!!

renman95 · February 8, 2007 8:25AM

Or you could buy 100 ounces for $1,000? The seller has 34 feedbacks and a 94.7% rating...hmmmm.

Bear · February 8, 2007 8:26AM

How about 2008 Silver Eagles......

If folks don't mind waiting a bit.

TennesseeDave · February 8, 2007 8:32AM

I hope none of the guys on this forum bid,because I have to say that anyone who would think you could buy SAE's for less than melt should have their IQ checked

LALASD4 · February 8, 2007 8:34AM

I see that no one ask if they could pick up the coins.

clarkbar04 · February 8, 2007 8:34AM

WOW all gone in less than 20 min.

al410 · February 8, 2007 9:34AM

Well if you look at bid list they all sold, be interesting to see if anyone gets them. Either a crook or just not to bright?
AL

BECOKA · February 8, 2007 9:39AM

Darn it, I am always too late to these threads.

Oh well probably bogus, who in their right mind would sell them below melt just after purchasing them?

Longshot · February 8, 2007 9:54AM

Ah crud, and I was looking for some eagles for less than melt...

storm888 · February 8, 2007 10:16AM

Almost 600 coins sold.

Seller claims to have another 600.

Since there is no such thing as free-money,
this is a scam.

Hard to believe that people will actually send
him money.

grabba · February 8, 2007 10:19AM

<< I see that no one ask if they could pick up the coins.

>>

This guy lives about 30 minutes from me. Don't know him but if I had bought some I would pick them up myself.

Burks · February 8, 2007 10:28AM

Look at some of the stuff the seller has bought. He's a HUGE sucker.

That "performance chip" he bought won't add any performance to his car, other than a lighter wallet. I bought one for my Neon before (just for the hell of it, knew it was a scam) and I got a transistor and 6" of wiring. Laughed my ass off.

richardshipp · February 8, 2007 10:34AM

Me thinks the light at the end of the tunnel is a TRAIN !!!!

I doubt this story will have a happy ending. Hope so, but I doubt it.

basestealer · February 8, 2007 10:37AM

I doubt he'll be relisting these for $9.00, assuming he does have them and does intend to ship. He could have run this same auction at $14 and sold every last one just as quickly.

pcgs69 · February 8, 2007 10:38AM

He can't be too strapped for cash... he's bought about $1,000 worth of "stuff" in the past month

grabba · February 8, 2007 10:38AM

<< Me thinks the light at the end of the tunnel is a TRAIN !!!!

I doubt this story will have a happy ending. Hope so, but I doubt it. >>

2 of the 4 things he has sold on eBay wound up being negative.

I guess those that bought have a 50/50 chance of getting their items.

lilbear8 · February 8, 2007 10:55AM

2 of the 4 things he has sold on ebay wound up being negative

But the 2 items were delivered eventually. 1 being 30 days later. good luck guys

pf70collector · February 8, 2007 11:29AM

Maybe he forgot to put a 1 in front of that 9.

AnkurJ · February 8, 2007 12:29PM

Never Fear! He has posted a crap load more!

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=250082636931&ssPageName=MERC_VIC_RCRX_Pr3_PcY_BIN_IT&refitem=250082465559&itemcount=3&refwidgetloc=closed_view_item&usedrule1=CrossSell_LogicX&refwidgettype=cross_promot_widget

Silver Dollars!

Come on people, how can anyone think that this is real?

AJ

AnkurJ · February 8, 2007 12:30PM

AND, how in the world will Priority Mail be $1?

Djord · February 8, 2007 12:41PM

<< How about 2008 Silver Eagles......

If folks don't mind waiting a bit. >>

I am taking pre orders for 2010 SAE's

Graphix · February 8, 2007 1:00PM

Maybe its some kid who got his dad's delivery while his parents are on vacation and wants to trick out his car

basestealer · February 8, 2007 1:09PM

He only accepts Paypal, possibly because he registered with a phoney address. Assuming his contact information on ebay is also bogus, he might believe he can't be tracked down once he takes the money and runs. Someone just placed an order for 100 more... these will be gone by the end of the night. So will everyone's money, I'm guessing.

Connecticoin · February 8, 2007 1:10PM

A buyer named "onehepcat" bought a bunch. Hope it was not LucyBop!!

fuzzball · February 8, 2007 1:14PM

Since this guy requires immediate payment through paypal, and paypal covers you against loss for $200, what is the risk?

I haven't had a fraudlent seller, how hard is it to recover the money?

-Fuzz

danarchy · February 8, 2007 1:16PM

To good to be true???Probably. Paypal covers $200.00. 20 at a time. It's a gamble...viva las vegas!!! WINNER PLEASE ADD $1 FOR PROPER SHIPPING that makes me wonder...what is proper?

MadMarty · February 8, 2007 1:16PM

<< Since this guy requires immediate payment through paypal, and paypal covers you against loss for $200, what is the risk?

I haven't had a fraudlent seller, how hard is it to recover the money?

-Fuzz >>

If the guy cleans out his account, you're screwed!!! There are going to be some people crying!!

fuzzball · February 8, 2007 1:18PM

<< If the guy cleans out his account, you're screwed!!! There are going to be some people crying!! >>

So the paypal "insurance" just means that you get a refund if they can collect from the crook?

-Fuzz

basestealer · February 8, 2007 1:18PM

<< Since this guy requires immediate payment through paypal, and paypal covers you against loss for $200, what is the risk?

I haven't had a fraudlent seller, how hard is it to recover the money?

-Fuzz >>

Paypal doesn't cover squat. This could have serious consequences for anyone buying and deciding to initiate a chargeback. Paypal cannot recover money for you if the seller's account is empty--and any scammer would perform nightly sweeps of the Paypal account, long before Paypal could step in and confiscate anything. And since doing a chargeback is against Paypal policy, you might get your money back through your credit card issuer and lose your Paypal account at the same time.

danarchy · February 8, 2007 1:18PM

i've gotten the money back very quickly. Within a week of filing with paypal

Classof67 · February 8, 2007 1:28PM

<< Since this guy requires immediate payment through paypal, and paypal covers you against loss for $200, what is the risk?

I haven't had a fraudlent seller, how hard is it to recover the money?

-Fuzz >>

I've had 5 paypal claims over the years, paypal has always paid within a couple of weeks. In nearly all of them the seller disappeared. The guarantee by paypal is just that, has nothing to do with recovering the money from the seller. If you don't get the goods, you get your money back (up to the limits). I purchased a 100 ounce silver bar last year for $1350, the seller sold several and didn't deliver. Paypal credited me the limit at the time, $1000, and I did a chargeback with my card for the remainder, with not a word about it from paypal, no problems.

JT

mach19 · February 8, 2007 1:49PM

I fell for a few 96 ASE the same way. Never again, Once bitten, Twice shy.

AnkurJ · February 8, 2007 2:34PM

A few times i asked for a charge back from paypal, they gave me about 1/10th of what I paid saying thats all they can do. So I went right to my credit card, got my money back within a week, and I still have my paypal account. I dont think they will close your account if you do a credit card chargeback.

Ankur

Myqqy · February 8, 2007 2:56PM

There's still 475 left!!

basestealer · February 8, 2007 7:08PM

I asked the seller how he is going to manage sending these priority mail for $1.00.

His response was: "I am in the hospital and need the money. i will be sending these out proroty mail."

Thus, I have concluded the answer is unreasonable. When one "needs the money", does one do everything in their power to lose money? How is "I need the money" an answer to the question "Why are you intentionally losing so much money?". Also, his bidding habits show him to have spent over a grand this past month on hotrod car accessories. If he was in the hospital as he claims, and needed the money for medical bills, to such an extent that he would sell items at half their market value, it doesn't make much sense that he is blowing it all on car accessories. Obviously his buying habits show his hospital bill story to be bogus. I won't bother figuring out how one buys and sells on eBay, and sends over 700 silver eagles priority mail from the hospital bed, or how the nurses are reacting to $1000 worth of car parts arriving in the room, but I'll leave that to everyone else's imagination. In addition to the car parts, he's buying various young men's cologne. This doesn't prove anything, but it signals that this eBayer is a child or a young man, not an elderly man wasting away in a hospital.

Now, in my experience, scammers are stupid. But, they're usually in agreement upon a few basic things. First, register all accounts with bogus information (ie Paypal and ebay). He may or may not have that covered. Second, allow only Paypal payments or payments made to PO boxes (he has that covered). Third, make as much money as possible in the shortest amount of time (he's got that covered too, as he's listing his entire eagle hoard before anyone has a chance to leave feedback for the previous dutch auction). However, one thing he didn't do was cover his bases insomuch as his bidding history is there for all to see. That means all it takes is one seller willing to give up this guy's address and we can all file fraud complaints and police reports. If he is a scammer, does that make him a complete moron, or is he perhaps not a scammer? If he is a scammer, I have no doubt in my mind he'll be caught, which would make him pretty stupid. But then again...

I think I've convinced myself his story(s) thus far is completely bogus. But that doesn't mean he is attempting to scam people. He might very well send these eagles out. Therefore I have to ask myself what on god's green earth would cause someone to sell a huge hoard of eagles at half market value and then lie about his circumstances? Some thoughts quickly come to mind... the eagles are stolen. This fits the "hot" coins scenario to a T. If he stole them or obtained them from someone who did, he'd want to liquidate them as fast as possible and at below market prices. The same would hold true if these were perhaps his parent's eagles, and he were cashing in on the find while they were away. These are 2007 eagles, which means he paid the current inflated silver price for them--it's not like he bought these 5 years ago when silver was $4 and now has no idea what they're worth.

I'm 50/50 on whether or not anyone will get their eagles. I'm 90% sure if you don't get them, he'll be caught, but there is no certainty that anyone will recoever their money. I'm about 100% sure that eagles or no eagles, they're not his to sell.

boucharda · February 8, 2007 10:48PM

For his four Ebay sales he got 2 negs (vacuum cleaners). Buyers paid $30 for Priority Mail but he didn't send that way. Beware of someone that pays $495 for a year of sports picks ("$1 will win you $13000"). He is probably a gambler that needs to pay off "Big Louie".

grabba · February 8, 2007 10:52PM

<< For his four Ebay sales he got 2 negs (vacuum cleaners). Buyers paid $30 for Priority Mail but he didn't send that way. Beware of someone that pays $495 for a year of sports picks ("$1 will win you $13000"). He is probably a gambler that needs to pay off "Big Louie".

>>

It also looks like he is building a car from scratch.

bonkrood · February 8, 2007 11:03PM

YOU ARE BIDDING ON 1 2007 SILVER EAGLE ROLL IN GEM-UNC CONDITION

To me it sounds like he is selling 1 Roll for $9.

holeinone1972 · February 8, 2007 11:07PM

Could be hard to catch a guy that gets the money and leaves the states fast?

chiefbob · February 8, 2007 11:39PM

13. Disputes between Buyers and Sellers - Buyer Protection Programs.

13.1 Buyer Protection Programs. If you buy an item using PayPal and either do not receive the item or receive an item that you believe is significantly not as described by the seller, we encourage you to open a Dispute with the seller in our Resolution Center. By doing so, you will initiate our Online Dispute Resolution Process—a step-by-step system designed to facilitate communication between you and the seller in order to get resolution of the issue. If your dialogue with the seller fails to produce a satisfactory result, you can then escalate the Dispute into a Claim that we will evaluate for reimbursement under one of the following programs:

1. PayPal Buyer Complaint Policy - Our best efforts program to reimburse Users for losses only to the extent we are able to recover the funds from sellers.

2. PayPal Buyer Protection Policy - Our program to reimburse Users for losses for up to $2,000.00 USD for eligible items purchased on eBay and $200.00 USD for all items purchased on eBay except those items identified below (see section 13.9 to determine whether a transaction on eBay gets $2,000.00 USD coverage or $200.00 USD coverage).This section 13.1.b is effective for items purchased on or after 01/17/07. To view the PayPal Buyer Protection terms and conditions for items purchased prior to 01/17/07 please refer to Exhibit A below.

3. Buyer Protection for eBay Express - Our program to reimburse Users for the full amount of losses for items purchased on eBay Express.

4. Extended Buyer Protection with PayPal Credit - Our program to reimburse Users for the full amount of losses for items purchased using the PayPal Plus Credit Card or PayPal Buyer Credit.

These programs only cover payments for tangible, physical goods. All other payments, such as payments for intangibles, for services or for licenses and other access to digital content are not covered by any Buyer Protection Program that we offer (but may be covered by Chargeback rights).

13.9 eBay Items Eligible for PayPal Buyer Protection. Every item on eBay (except Live Auctions and vehicles) that meets the above requirements is eligible for PayPal Buyer Protection up to $200.00 USD, but items are only eligible for PayPal Buyer Protection up to $2,000.00 USD (and should be identified as eligible items in the eBay listing) if:

1. The seller's eBay feedback rating is at least 50; at least 98% of the seller's eBay feedback is positive, the seller is a PayPal User from an eligible country, the seller has a Verified Premier or Verified Business Account in good standing; and

2. The listing was on an eligible eBay site (eBay.com and certain other eBay sites self identified as such) and PayPal is listed as an acceptable payment method.

This section 13.9 is effective for items purchased on or after 01/17/07. To view the PayPal Buyer Protection terms and conditions for items purchased prior to 01/17/07 please refer to Exhibit A below. To view the Buyer Complaint Policy terms and conditions for items purchased prior to 01/17/07 please refer to Exhibit B below.

So, for those buying more than $200 worth of these fine ASEs, they are S.O.L. for Buyer Protection. His score is 35 and his feedback is less than the required 98%. I wonder how many of those people that bought 100 realize this?

holeinone1972 · February 8, 2007 11:45PM

1. The seller's eBay feedback rating is at least 50; at least 98% of the seller's eBay feedback is positive, the seller is a PayPal User from an eligible country, the seller has a Verified Premier or Verified Business Account in good standing; and
2. The listing was on an eligible eBay site (eBay.com and certain other eBay sites self identified as such) and PayPal is listed as an acceptable payment method.

Translation: Your screwed.

Feedback is less than 50

grabba · February 8, 2007 11:53PM

All gone.

This should be interesting.

MadMarty · February 8, 2007 11:57PM

I wonder how long until he lists more

ttown · February 8, 2007 11:58PM

You guys let me know how this comes out, I passed since he could take these to any coin store and get the spot price for Silver. To good to be true and it wasn't worth the hassel to me. I hope you guys got a deal.

basestealer · February 9, 2007 12:00AM

The gambling debt hypothesis was a good one. I've dealt with degenerate gamblers before--they'd sell their mother for a $2 bill if they thought it would "get them out of a jam". On the other side of that token, gamblers are familiar with pawn shops and know the spot price of silver, and would easily find 100 ways better to liquidate silver eagles than eBay @ $9 a pop. The cologne, the "quick millions sports betting guide", the hotrod car parts--it just screams teenager. 683 silver eagles screams father of teenager. This auction screams trouble for several parties!

Tonelover · February 9, 2007 12:01AM

Like shooting fish in a barrel as they say.

holeinone1972 · February 9, 2007 12:04AM

all I know is if you guys bought them, you better get 15 people to give positive feedback so he is over 50 feedbacks, and you can fight it out with paypal.

grabba · February 9, 2007 12:08AM

I forwarded this auction to my brother as a sort of "trainwreck you gotta see this" auction. He is a big collector of silver bullion. Told him not to buy but it was like putting the cookie jar on top of the refrigerator to him.

He bought and I just emailed him and asked him why?

He said when he went to pay the guy's address and information came up and he was verified and all. He said if he didn't get his eagles, could I meet him in Camden soon.

I told him to let me know if he got them so I could post to the forum his experience.

I told him I just couldn't pull the trigger on this one.

We'll see.

basestealer · February 9, 2007 12:10AM

The greedy part of me is kinda hoping nobody gets them, because if you do, then I've just missed the gravy train

bumanchu · February 9, 2007 12:14AM

I wonder if this is "hot" mdse and the seller thinks this is like fencing without face to face contact and the risks associated with that?

2007 Silver eagle on ebay 9.00 per coin

Comments

Leave a Comment