Fake auction or fake buyers?

Why would someone bid on this gold piece when they will (may) never get their initial investment? My guess is the buyers are fake, like maybe they don't even have PayPal accounts. What do you think?


110514675251


http://cgi.ebay.com/American-Gold-E...iewItemQQptZCoins_Bullion?hash=item19bb301e33

 

Log in or Sign up to hide this ad.

Woof, woof. Who cares?

 

Selling for right at spot currently. No different from any gold investment IMO.

 

Certainly looks to be ex-jewelry, probably either a pendant or a ring.

 

They are paying spot to sell for spot. It just don't make sense to me that's all. I've sold at spot before and you usually have to sell below spot. :eating:

 

The auction doesn't seem odd to me. The coin has been abused so I won't bid.

 

If its real gold!! Thats my only question!!

 

That's my point exactly, why would anyone bid on it? Maybe a couple of the bidders drank too much beers and got caught up in a bidding war, I don't know but that's my take on it.

 

If its real gold then you would be good to go. But it is so beat up you will probably have problems storing it with others in a tube. I don't know why people deface coins for the purpose of jewelry.

 

I have to agree with you....SOMETHING IS WRONG look at his feedback, no rating, looks like a scam to me

 

Maybe he took some time away from ebay. His feedback rating is 84 but nothing since Dec 08.

 

I wonder how many of the people bidding on this "fido" realize that it's smaller than a dime......:smile

 

Any body heard of the $50 Gold Proof clad in 31mm of pure gold advertised
On T.V. Every time i see that commercial i throw something at the sceen
Just have to make sure i dont have a beer in my when i see again....LOL

 

I'll give you the Beer