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Who are these foolish eBay bidders?

I see tons of foolish eBayers paying ridiculous money for cleaned, fake, altered, etc coins. There are tons of threads daily reporting another eBay auction with poor photos or people paying too much, in the hopes of getting a coin much better than the photos indicate.

Who do you think these people are?

Newcomers to the hobby who haven't bought the book before the coin? Gamblers who take a desperate chance? Or veteran collectors exploring coins they don't know much about?
Successful BST transactions with: Walkerguy21D, Metalsman, chumley, cohodk

Comments

  • dohdoh Posts: 6,457 ✭✭✭


    << <i>Newcomers to the hobby who haven't bought the book before the coin? >>


    That's my vote. Add to that newcomers who think coins are an easy investment.
    Positive BST transactions with: too many names to list! 36 at last count.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    I don't know but I am upset that they don't bid on my auctions!
    Must be because mine aren't cleaned/fake/altered/counterfeit/etc. image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>I don't know but I am upset that they don't bid on my auctions!
    Must be because mine aren't cleaned/fake/altered/counterfeit/etc. image >>



    They only bid on auctions that describe coins well like L@@K GEM BU +++++++++

    If you are honest the coin then sounds boring.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    I think it's partly bidders who are clueless. But also others, with some knowledge, who, due to greed, throw caution and common sense to the wind in pursuit of a (possible) great deal.
  • BigDowgieBigDowgie Posts: 1,780 ✭✭✭✭
    I guess they didn't like the coins they were buying from HSN!
  • A fool and his money are soon parted
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>I don't know but I am upset that they don't bid on my auctions!
    Must be because mine aren't cleaned/fake/altered/counterfeit/etc. image >>



    image
  • 1tommy1tommy Posts: 3,024 ✭✭✭✭✭
    well as a newbie i must be the first to admit dummy dummy dummy, i have all the books but sometimes i just don't read the fine print, might as well leave you an example in the next 35 min i may own this one and by reading the label i honeslty thought it was already graded ms66 and didnt read the post below again dummy dummy dummy, but thats part of this hobby. i put a rubber band on my hand and everytime i go back to ebay i just snap it a few times lol http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=220592645634&ssPageName=ADME:B:BCA:US:1123
    https://youtube.com/watch?v=UayFm2yCHV8
    I used to be famous now I just collect coins.


    Link to My Registry Set.

    https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469

    Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
  • deviousdevious Posts: 1,690
    i was once one of these buyers. but my pluses now far outweigh the negatives.
  • razzlerazzle Posts: 993 ✭✭✭
    The only thing that has kept me from the folly has been the advice I have received right here. Invaluable!

    That's not to say I haven't been "easy pickings" for some skilled sellers when I haven't sought advice here. One case in particular was when I bought some 82 and 83 "mint sets" which were presented such that I thought they were Souvenir Sets.
    Markets (governments) can remain irrational longer than an investor can remain solvent.


  • << <i>I don't know but I am upset that they don't bid on my auctions!
    Must be because mine aren't cleaned/fake/altered/counterfeit/etc. image >>



    They seem to never bid on my auctions but are always after the coins I bid on. Its a vicious cycle!
  • I'm guilty to a degree. An example ... I paid $65 for an 1880-O Morgan that was no better than AU-53. I can usually get 'em all day for $20-25 each. The coin was nothing special to look at, but not unattractive. I resold it on EBay a month later for $750, attributed this time. You have to watch for those varieties. image There are more on the bay than most realize.
    Dave of the cornfields
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>I'm guilty to a degree. An example ... I paid $65 for an 1880-O Morgan that was no better than AU-53. I can usually get 'em all day for $20-25 each. The coin was nothing special to look at, but not unattractive. I resold it on EBay a month later for $750, attributed this time. You have to watch for those varieties. image There are more on the bay than most realize. >>

    That doesn't quite sound like the cleaned, fake and altered coins that the Op was speaking of.


  • << <i>

    << <i>I'm guilty to a degree. An example ... I paid $65 for an 1880-O Morgan that was no better than AU-53. I can usually get 'em all day for $20-25 each. The coin was nothing special to look at, but not unattractive. I resold it on EBay a month later for $750, attributed this time. You have to watch for those varieties. image There are more on the bay than most realize. >>

    That doesn't quite sound like the cleaned, fake and altered coins that the Op was speaking of. >>



    Nope, it's the "etc." coin he spoke of!
    Dave of the cornfields
  • phehpheh Posts: 1,588
    Likely the same foolish buyers you see at coin shops and shows all across the world. eBay simply gives you a 24/7 window into these sales. Shows and shops - do not.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    Another possibility is that some of them are shills.
  • ElKevvoElKevvo Posts: 4,139 ✭✭✭✭✭
    Another possibility is that some of them are shills.

    Agree...

    K
    ANA LM
  • cheezhedcheezhed Posts: 6,011 ✭✭✭✭✭
    Agreed. High shills take a lot of these garbage auctions then the same coin reappears by the same seller for sale again.

    I've seen it happen.
    Many happy BST transactions
  • johnny9434johnny9434 Posts: 29,258 ✭✭✭✭✭


    << <i>I guess they didn't like the coins they were buying from HSN! >>



    I just seen somone 2 days ago go to a b&m trying to see a complete set of kennedy's for $900.00 just to break even. the question was to the person is where they got them. hsn of course and had other stuff as well. customer walked out of store with same


  • << <i> << I don't know but I am upset that they don't bid on my auctions! Must be because mine aren't cleaned/fake/altered/counterfeit/etc. >> >>



    I also agree. I wonder how much more my auctions would have went for if I had hyped the coins up like so many sellers do nowadays.
    Successful BST transactions with: Walkerguy21D, Metalsman, chumley, cohodk
  • morganbarbermorganbarber Posts: 1,821 ✭✭✭
    I have bid on certified coins because the pictures were bad
    I collect circulated U.S. silver
  • GrivGriv Posts: 2,804
    Forget all this, just wait until they go to the polls to vote.

    The average I.Q. in America is 100. Brittney Spears has a 105 which puts her in the 65th percentile.

    Talk about scary. image

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