Enhanced Reverse Proof ASE - Ebay BIN cancelled

Why would Ebay kill the sale when they get that 10% cut off the top and then any paypal fees? lol

 

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Things have changed exponentially from the old days. Loose lips sink ships. I'm not a fan of the dealer cheats. In 2014, Lippy hired bus loads of people that didn't speak English to get in line. While the Mint publically shamed this activity, they did allow the "man" to stand at the trough using 1 credit card to ring up for his hired puppets. I also seem to remember the same guy faked a casting call gig in another city to get more linestanders, and there was a riot and people got hurt (see youtube)
Now it's prepaid credit cards. Good grief.

I also watched Minchey and their crew of tan pant white shirts count the line, then slip in clones and look alikes with coffee and donuts by the dozens to make sure they stuffed and beat the 500 daily allotment.

One person line jumping would get the beatdown, but none said a word when Minchey slipped 5 in here and there among the 10 already there.
I suppose the same players gamed the Baltimore show.

I was also at the Gold Center in 2010, ATB sale where a dealer hired Manpower line standers, strawbuyers. He was caught on camera handing the buy money to his "employees", and all of them were kicked off the property. The Sheriffs dept was on scene, and I got shook down as well as the 3 people with me. They questioned whether we were paid to buy sets, said strawbuying was illegal in Illinois. We were not associated with dealer X, and were left alone. Is it illegal, I don't know but do carry a law license and can take care of myself.
And let's not forget the ultimate scam from that release.

IIRC, 3300 of those ATB sets were to be released to the public. I was #50 in line, and it took me 3 hours to get to the register. There were at most, 100 more buyers behind me. Not 500, not 600, but 100. Do the math. The place closed up the day, and there's no way more than 300 were sold. The other 3,000 sets went out the back door, and the owner, while slanting overall sale numbers, admitted as much.

And who appeared days later at a Illinois coin show with dozens of graded ATB sets in hand at $4K per set? Didn't have to look much further than the CoinWorld article with The Segoister that was obviously friends with the backdoor dumper.

Also, there's more "attention" seeking posters than before. The Mint has scheduled releases. Why some feel the news to post threads for each one, threads that generate 40K views is beyond my wheelhouse. Is it usefull? Look no further than the dozens of new posters, scammers, and BST infiltrates for my opinion. It's like a house party, but you invite hundreds of strangers, then leave the house wide open.
I suppose it makes for something to do if someone has the time.

As for pimping friends to make buys, I won't comment beyond saying I'd hope they were paid well, or at least more than a known dealer referral which was higher. I would expect as much from a true friend.

Money brings out the worst in people. In 2015, I gave away my entire salary for the year, approx 1 million, only to watch it get stolen from the coffers by people I really thought we're good folks. I resigned after learning of the theft and left the profession I'd loved for 20+ years.

In any event, I suppose this has to some extent always been human nature

 

Sorry, it's on backorder, rushed, overnight delivery.
Busy weekend !!!

 

Wow! What a thread!

 

Yep, it has everything. Drama, action, comedy, with free popcorn. Hasn't been locked "yet"
What more could you ask for in a thread ?

 

And, as long as we have people like witten and baseball who find justification in these actions, it will never stop. What we need is another Boston Tea Party.

Chris

 

Well, I suppose one can always find justification in pursuit of a buck. I just wouldn't pimp friends, whether they agreed or were were OK with the deal isn't the point. I pick more not less ambitious folks and would not just feel but know it would be taking an advantage.

After all, one could tell a friend to simply consign their purchase to GC and have a check within a month. Any justification to need the money quicker would again be taking advantage of a friend in need.

Posting buy offers on BST boards is different in that it removes the "friend" label from the equasion.

 

None of my friends who bought for me collect coins, so knew nothing of these beforehand. So, any money they make off me is more money than they had before. Several have also made comments like "wow, that's a neat coin", etc. Maybe this is introducing them to collecting?

 

What's a BIN -- an auction ?

 

Buy It Now Auction.

 

That is one of those cliche justifications I spoke of. I would guess by friends you meant acquaintances. I doubt many have 15 or 30 of the former, unless it's Facebook with 800 friends on a list, which are really acquaintances.

As I said, pimping friends is not for me.


Mitch is paying $425. Unless you offered that or more then that's not very friendly.

 

I disagree, with almost all of that. About 3 of the people are more acquaintances. The rest I consider good friends. Yes, I made a facebook post offering to pay people $X amount for a little help on Thursday. Most acquaintances would not trust the average person enough to take them up on that, as it sounded to good to be true. The true friends knew me enough to know I was being serious and could back it up. Mitch is paying $425? shoot, There are flippers offering $600. Is Mitch being unfriendly by only offering $425? (no is the answer, lol).

 

Did you tell your friends about the $600, or pay them more than that? Listen, we do live in the greatest country, and free market capitalism rules. Pimp away, no need to justify your actions to me or anybody. I'm just against it when used on "friends"...

edit: Curious, What part did you agree with? Clearly saying any money they make off me is more than they had before is an attempt to justify the pimping. Tell ya what, how much was your payout number you paid your true friends?

 

Here is what a true friend would do. Spot the $70 to buy the Coin. Then grade it and sell it (or sell it raw) and split the profit 50/50. So if you are into the coin $120 for cost plus grading and shipping plus eBay fees and you sell it for $620 (as an example) then give your straw buyer $250.

Anything less is not true friendship, IMO.

 

Here's the deal... I guaranteed a set amount of money profit for them. There are no 100% guarantees when flipping coins. I've paid some friends before thinking I would make money, and I've sold for a loss. Did I ask my friend to take part of the loss? Nope. I honestly am thinking about giving them more than I promised since they are doing so well.

 

Here is the deal as I see it. You make zero without your friend. He makes zero without you bringing him the deal. You are in this together as "friends" or it is just a rationalization and you are taking advantage of your friend and gaming the system.

 

Oh, I completely agree I make zero without them (other than the one I got for myself). But I also think it's ok that I make more than them, as I am the one taking 100% of the risk (they make their profit even if the coin tanks, etc). Bigger risk, bigger reward. Isn't that how pretty much all of life is? Business owners make more than employees, but they were the one taking the risk to start the business, etc.

 

After reading the CU thread it looks like most of the members there were not able to buy one. It was not for a lack of trying. The mint site can't handle this type of deal.

 

I disagree with all of this. No matter how you color it, it's pimping. I wouldn't pimp "friends".

 

Then just call it what it is. You are treating your 15 "friends" as employees and nothing more. You are not acting like their friend. In business you can be friendly and have a good relationship with your employees, but employees are not your friends. IMO.

Edit: employees or subcontractors, either way pretty much the same.