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#4510409 - 01/06/11 07:36 PM Do I Look Like I Was Born Yesterday posted by hunter's gold
CSJournals Offline

CSJournals is an automated user that posts journal entries for anyone who does not have their own message board account yet.

Just got here


Registered: 04/20/10
Posts: 0
Don't be a chump

Hi everyone. Was looking on Ebay today trying to add some Lincolns to my registry set when I came across listing number 200331820150. It is for a 2005D NGC MS69 Red Lincoln memorial. I made an offer for $95.00 which is a little over list and was rejected. I then realized the seller was asking $995.00 for this coin. Are you #%*@^+% kidding me. I ask the seller if I had misread the list price and his response was that this is a
Business Strike coin and not a SMS coin. I am very aware of the difference. Wow, some people have a lot of nerve. This coin list for $69.00. It has a population report of 94. I am not an expert by any means because I have made my share of collecting mistakes over the years and it is sellers like this hoping to take advantage of a CHUMP. I took my share of lumps buying coins without having the proper knowledge or info. You should be ashamed of yourself. I do not know how sellers like this do it. Look for yourself and see. $69.00 coin listing for $995.00. Do I look like I was born yesterday?


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#4510615 - 01/06/11 08:32 PM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: CSJournals]
okbustchaser Offline
Up 20 words per minute since I signed up


Registered: 09/14/06
Posts: 1333
Loc: Oklahoma
His coin; he can ask anything he wants for it. Whether he gets it or not is a totally different thing.
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I may be older but I still love to look at a pretty bust.

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#4511748 - 01/07/11 06:11 AM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: okbustchaser]
Kenneth F Offline
Up 20 words per minute since I signed up


Registered: 05/16/10
Posts: 1465
Loc: Fort Campbell, KY
Yes, it is his coin. These are the types of ad I used to post on the "Joke of the Day". Price gougers will stick by their prices.
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#4511847 - 01/07/11 07:56 AM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: Kenneth F]
jackson64 Offline
The Post-man always rings twice. Uhm... ring ring?


Registered: 10/04/06
Posts: 1532
Loc: Chesapeake Bay Shore
This is one of the results of changing ebay fee structures. There are now much, much fewer true auctions...and dealers are taking advantage of negligible fees for listing all of their coins in BIN and asking 5-10x values for them ( and they sit there month after month after month)..but it only takes one new collector or uneducated buyer to fall for these crooks tactics to make it worth while for them...

If you think "crooks" is too harsh a word, try selling something else, like a used car as "rare" when there are many, and asking 10x the blue book value--you'd probably end up in court...
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#4511874 - 01/07/11 08:12 AM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: jackson64]
matthewmetcalfe Offline
Learning the Ropes


Registered: 10/15/10
Posts: 19
I agree it's their coin and they can ask what they want but it shows a lack of moral character. Someone who knows the value of the coin isn't going to pay the price so it seems he's intentionally targeting people new to the hobby or just plain unaware. That's a shame because the person who spends a grand on a penny to fine out it's worth $70.00 is going to carry a negative impression of the dealers in the hobby with him for quite awhile.

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#4511888 - 01/07/11 08:24 AM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: matthewmetcalfe]
okbustchaser Offline
Up 20 words per minute since I signed up


Registered: 09/14/06
Posts: 1333
Loc: Oklahoma
 Originally Posted By: matthewmetcalfe
I agree it's their coin and they can ask what they want but it shows a lack of moral character. Someone who knows the value of the coin isn't going to pay the price so it seems he's intentionally targeting people new to the hobby or just plain unaware. That's a shame because the person who spends a grand on a penny to fine out it's worth $70.00 is going to carry a negative impression of the dealers in the hobby with him for quite awhile.



On the contrary, the person who pays a grand for a coin without doing even the minimal amount of research necessary to discover the true market value of the coin has only himself to blame. He obviously has internet access since he's shopping on ebay so how hard is it to look at a price guide?
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I may be older but I still love to look at a pretty bust.

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#4512460 - 01/07/11 11:57 AM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: okbustchaser]
matthewmetcalfe Offline
Learning the Ropes


Registered: 10/15/10
Posts: 19
I'm going to have to disagree with you on this. $1000.00 for a $70.00 penny is an egregious example with a HUGE difference in asking-price and actual value. I would imagine most of these are more of a doubling or tripling in value for a coin and are harder to determine, especially when price guides vary as much as they do.

Price gouging varies in it's forms. I don't begrudge anyone from trying to make a profit on their coins. In fact if the guy gets a grand for his Penny, good on him. I still find him to be an unscrupulous person and a poor reflection on the community. If he is in fact tied into NGC or PCGS his character would reflect the character of those companies by virtue of association.

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#4512594 - 01/07/11 12:31 PM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: CSJournals]
James_EarlyUS Offline
TOTAL NEWBIE


Registered: 09/12/03
Posts: 15418
Loc: St. Louis, MO
Unfortunately, anyone can ask anything they want for an item he wishes to sell. It's up to the potential buyer to set the market value by either agreeing to the price, rejecting it outright, or offering a lower price.
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My posts express my PERSONAL opinions ONLY. Please respect my right to Freedom of Speech as I respect yours.

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#4512619 - 01/07/11 12:44 PM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: James_EarlyUS]
hunter's gold Offline
Collectosaurus Rex


Registered: 01/07/11
Posts: 537
Loc: Florida
I did state that anyone can ask what they want when selling an item, but over 15 times the actual cost is very unprofessional for some one that is a certified NGC coin dealer. This seller is by far one of the worst offenders on Ebay
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#4514267 - 01/07/11 10:23 PM Re: Do I Look Like I Was Born Yesterday posted by hunter's gold [Re: hunter's gold]
jackson64 Offline
The Post-man always rings twice. Uhm... ring ring?


Registered: 10/04/06
Posts: 1532
Loc: Chesapeake Bay Shore
the same person who thinks it is okay to sell an uninformed buyer a $70 coin for $1000 will also offer some little old lady $70 for her dead husbands $1000 coin set...


I find this thread depressing, what happened to right and wrong? The world has gone bizarro more everyday..now it is the victim's fault for being robbed...probably the victims fault for being mugged ( should have researched how dangerous the neighborhood was)..the victims fault for being raped ( shouldn't have worn provactive clothing)...sheesh..I think I'm gonna take another long hiatus from these forums...
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