Just came across this on the bay and something doesn't look right about it to me, what do you think? I think ebay needs to come up with some kind of screening process that makes it a little more difficult to open an account as a seller altho I can't think of how they would do it. Anyone? http://cgi.ebay.com/1945-Dos-Pesos-...826?pt=LH_DefaultDomain_0&hash=item2c5a41214a
Well, here's one quick and easy screening process: "Don't buy alleged gold coins from someone with 0 feedback."
Confusion? I'm easily confused by others being confused when something appears normal to me, Will you please explain which part of the auction leaves you perplexed? I can see no reason for one to be alarmed, as the coin is a common Mexican 22 Karat gold coin, properly described, with what I consider better than normal eBay image, being offered at melt value, with free shipping, 7 day return policy, with eBay and Paypal buyer protection. My personal opinion is the auction is one of the better eBay offerings. Why would one discriminate against this auction/seller. I'm apparently a little "slow", as I've repeatedly observed the auction, without understanding the apprehension/concern/quandary. Please enlighten me!
Well, every member of eBay starts at 0 feedback... his only other auction is an ASE with 10 bids. I have no idea if his gold coin is genuine; however, there's a seven day return policy in place, and with eBay/PayPal buyer protection, there wouldn't be much risk placed on a potential winner. Remember... you win the coin, pay via PayPal; a new seller can't touch those funds until positive feedback is received. You can buy with pratically no risk.
Hey ebay basher but yet your on there searching for a mistakes.. i work hard and others do to, to give Collecters and others a fair deal.Mistakes happen i just get a kick out of the bashing not just here but antique jars also ..I have to jump through a ring of fire to get a coin on ebay to sell HENCE why i have all my coins Graded now when i selll them..A little understanding and respect helps all of us
You can start out as a buyer, and build up your feedback a bit that way before you start selling. Or you can sell some lower-ticket, lower-risk items to establish a reputation. Or you can dive right in with the big-ticket items -- just don't expect to get quite the number or value of bids that you would with a better score.
+1 Personally, I like buying from low feedback ebay amateurs because their auctions tend to close for less. As long as you cover yourself (no paying with money orders, authenticating what you receive, following up on non-delivered items in a timely manner, etc) then the system works pretty well to protect buyers.
Sure seems to be alot of hate towards eBay on this Forum. Sure there most likely has been some bad stuff, but there are mechanism's in place to help protect the buyer. I do not understand painting all eBay with the same brush. Steve
Duh!! You are absolutely correct in all respects. I stand corrected, and appreciative of my faux pas, misstatement, and your enlightening efforts. Thanks for the correction. :bow:
I attempted to buy it, but ebay blocked the transaction because the "seller cannot receive funds at this time". But this sounds more like he has not set up his account properly than a scam. I will keep watching and try later.
Basically, all I was doing was pointing out something that might have set off the warning bells-- Seller can't distinguish between .900 and 22K. Also, the image showed only one side of the coin. And "bought from a large, reputable coin shop here in Houston" sounds a little over-the-top for a small bullion piece. Maybe the seller is a complete novice? It's hard to tell, but I can understand why the original poster was a little wary. :smile
you won't hear anything but love from me about ebay. I can buy cheaper, have it delivered to my door, with all types of reassurances. I'd estimate 90% of my non- perishables come from there. It's just not worth firing up the truck, taking the time, paying the taxes on an on. Fridays arrival, I had shopped a coin chemistry book amazon etc and saw it go on auction- it arrived for $4.65 I ordered a new bath fan for $45 it's $69 at lowes.. the list is endless.
I think the problem with ebay is that oftentimes you don't know who you're buying from or selling to. I know someone who sells rolls on the bay and loves it because it he can get better than dealer prices for them. I also know a dealer here in Japan who has had mixed results selling coins on the bay, with good prices realized for common foreign silver but running into the occasional deadbeat, including one who cheated him out of several hundred dollars. Also, if you're selling to or buying from overseas, it might be more difficult to resolve problems. For example, there is a flood of fake coins coming out of China, and some coin sites advise ebay users never to buy coins from a seller from China, Hong Kong or Macao. If you get stuck with one of these fakes, it is almost impossible to get your money back.
Actually .900 gold and 22 karat are considered the same. Designation is usually determined by the issuer of the coin. The item is accurately described and priced right. Before buying on eBay or any auction, it's necessary to research the item. IMHO
22K is NOT the same as .900 fine. It's like saying that pre-64 US quarters are made of Sterling silver. If you have 2 gold coins that both weigh 1 ounce, but one is .900 fine and the other is 22K, the .900 coin contains 9/10 of an ounce of gold, worth approximately $1214 today. The 22K coin, on the other hand, contains 917/1000 ounce of gold (22/24), with a spot value today of approximately $1237, or $23 more than the .900 fine coin. US gold Eagle bullion coins are 22K (.917). Old US gold coins are usually .900 fine. They are NOT the same fineness. Don't let anyone tell you that .900 fine is the same as 22K-- it isn't.
