Coin Gamble on Ebay

Once in a while I will take a chance on a coin on ebay. Sometimes you win, sometimes you lose. This one was: zero feedback, new ebayer, sorry picture-BUT- I took a chance! What did I get: a VF 1892 S Morgan for $10.03! Sorry, no picture yet.:goofer:

 

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Make sure you post a picture as soon as it arrives from China.

 

Sometimes it does work out, sometimes not.

I almost got burned on an 1893-S morgan. Even after I received it, I felt it was genuine. After looking closer, though, it did not have all of the proper characteristics. Fortunately, I was able to get a refund, but not without much work on my part.

 

post the Ebay link

Prior to posting the photo, please post the Ebay link so we can see what you bought for $10.
Very best regards,
collect89

 

Here's what i say about ebay

Jazz

 

I don't generally use Ebay anymore, but this is the sort of low-risk purchase that is worth a shot. A new ebayer is frequently a better bet than an established one with poor feedback. But the whole thing is such a crapshoot that I don't use Ebay anymore.

 

Good, leaves more pickin' for me, like this beauty (bought raw for $120)

 

Nice! :thumb:

 

Ditto!! :thumb:

Phoenix

 

Holy smokes! Nice pick up

 

I just got yet another 28-S SLQ in the mail today that I bought on eBay, G/VG, figured at $5.50 shipped I paid way too much, but what the heck, I am hoarding these like a madman.

Seller only posted an obverse pic of the coin...

It's got what looks like a cud on the reverse that I have never seen before on a 28-S and, on top of that, it's not listed anywhere.

Working on pics, but stuff like this gets me all giddy

 

Oh get real....Like GDJMSP said...Ebay is not the problem.
If you know what you are buying then it can be a great place. The reason so many people get burned is because they don't want to take the time to LEARN and read about what they are buying.

Speedy

 

I agree - ebay is not the problem. Just take your time and know what you are doing. Raw coins are where you really need to be sure of what you are doing. And if you want to do a low grade set of something it is better than dealers - if you take your time. Just my opinion of course.

 

That;s the problem many of the coins on Ebay are not real and to a young coin collector or an inexperience one they don't know any better, and the con artist keep taking advantage an prey on them. just my opinion.
Jazzcoins joe

 

I don't want to argue semantics, lol, but that can be the case for any place. Ebay, coinbug, etc. Again, it is not the place, it is the people that are on there. For example, you don't call California itself looney, you call the people that inhabit it looney. The place itself isn't looney, it's the people. And again like Ebay, not everyone in California is looney. There are some good people there, but it is the bad that outshine the good most of the time. In the same sense, not everyone on Ebay is a crook.

Phoenix

 

But that isn't Ebay's fault....it is the ones just like you said..."young coin collector or an inexperience one they don't know any better". When someone decides to go buy a coin without learning, and getting the tools needed to buy a coin with any type of knowledge they end up being the ones that keep the crooks going.

Speedy

 

Sure I will, I'll never be able to buy anything because what I am looking for is either rare enough that they just don't get them in very often so I need to search a much wider group of sellers or it is they type of material they WON'T carry. Highly respected, honest, reputable sellers don't carry unknown fly-by-night slabs.

Amen

 

I know I have said on here before enough times that you ought not buy raw coins (And by Raw I include the BSGS slabs) on eBay without realizing that it's not only a gamble but requires a degree of skill.

Enough skill and you shift the odds much more strongly in your favor, but you are still gambling to a degree.