coins
Seems to be many high value coins being sold at 25% or less of their ture book value. Many of these are being offered by newer sellers with either zero feed back or less than 10.
I spot checked a 1776 U. S. silver and paid $17.99. In the condition it was in it sould have sold for $2,000 and up. I put it on a coin scale and it was nine grams short of the weight it should have been. None of sellers on eBay state that these are repoductions. The seller offered no returns, but he took mine back and paid for the return shipping.
There are other coins like a 1909-S VDB in uncirculated condition selling for as little as $19 dollars. 1943 copper pennies going for the same rediculous pricing. None of the seller are stating that these are repros.
4 comments
soh.maryl
·4 months ago1. In order to protect themselves, all eBay buyers in any category need to be knowledgeable about what they are buying. Makes sense in every category, not just coins.
2. All eBay buyers have the Money Back Guarantee. They just need to learn how it works and to use it in a timely fashion.
Yes, I am fully aware that these are not the solutions to every problem, just suggesting that buyers need to use due diligence with every purchase.
roccotacodad54
·4 months ago"Seems to be many high value coins being sold at 25% or less of their ture book value."
At 25% or less it's a very good bet they aren't high value coins...................
myfelixthecat
OP4 months agoI had to test it, so what if I lost a couple of bucks.
I figured eBay would step in, but they were not needed. Not sure what eBay will do about it, but Monday I'm calling the Secret Service as they handle counterfeting. I had good results when they stepped into the picture on an other issue.
eburtonlab
·4 months ago@myfelixthecat
Counterfeit items are not allowed to be listed on eBay at all. No one is authorized to sell counterfeit items. That fact alone does not stop some people from trying to sell them, however.
The problem is that unscrupulous or uninformed sellers can list genuine items and then deliver counterfeit items.
It is not always possible to look at a listing and know in advance exactly what, if anything, the seller intends to deliver. For one thing, a scammer can simply copy a listing from a genuine seller, using a genuine photo of a genuine item.
Except for a few specific categories of items that go through authentication, eBay never sees what the seller ships or the what the buyer receives, so there is nothing for eBay to check unless someone complains about what was received by invoking eBay's money back guarantee.
Sellers are responsible for the descriptions they provide, and buyers should not assume that eBay screens the listings in advance.
As long as counterfeits exist and there are folks trying to sell them, buyers will still have to be on the lookout for them, and avoid deals that are obviously too-good-to-be-true, whether they are being sold by accounts registered overseas or by domestic sellers wittingly or unwittingly buying counterfeits from overseas to sell here.
Buyers that doubt their ability to distinguish a genuine article from a counterfeit one should only consider purchasing from trustworthy sellers that have an established reputation for delivering exactly what was described, and should avoid deals that are too-good-to-be-true, or deals that are offered by inexperienced sellers that might disappear soon after the transaction is made, or else be prepared to get items authenticated by trusted sources within thirty days to be able to take advantage of eBay's money back guarantee.