Watch out for this seller...

take a look at ebay listing 200003654001
A group of MS Sac coins, listed as gold, with a claimed book value of $10,000.
I contacted the seller to tell her that these are worth about 1.50 each or so, and she replied that the person she bought them from told her they were silver, with gold plating. She claims to have no idea what they are, and has not changed her listing, despite my giving her all the facts. Sadly, based on the description, someone will waste money on these and get ripped off. How do people live with themselves? The one thing she did do was put in a BIN of $150 after I contacted her. The description still, however, descibes what she will do if the purchase price goes for over $600...
More of less, she is saying that since she got ripped off, it is okay to use the same description she was given (from a place called certifiedsilver.com (what a piece of work that place appears to be)).
Nice.

 

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Here's the link.

 

The bid is already at $125, sorta makes you sick to your stomach

 

Look again - that's the minimum opening bid, but as of 11:40 a.m. PDT, there are NO bidders!

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I always hate being the one to send a seller an email asking them if they know they are lying...
but in this case, to blame the person that sold them to her, and to claim ignorance of coins, is just a bunch of cr@p. The seller has a lot of coins, all SGS... all with the famous 'trends $4,000! in the listing, then a BIN of $49.
Why do people keep buying that junk?
Can you imaging anywhere but a coin selling auction site where that would work?
Ebay is truly becoming more of a detriment to the hobby than a plus. And sellers that claim no knowledge and responsibility, yet are quick to post PCGS and trend pricing are at the root of the whole thing.

 

Wow, what a joke!

Here is the List of her completed auctions. At least she is failing to sell most of her junk!

I counted he current listings and she has 10 coins that are raw (original mint packaging and capital plastics holders included), 2 coins in Numitrust slabs, 3 coins in MCCS slabs (the ones that look like toilet seats), 6 coins in INB plastic, 18 coins in SGS slabs, and 2 coins in NGC slabs. So out of 40 current auctions all but 2 of them are overgraded!

 

If you look at her list of items you will see that she has sold several SGS coins for a very handsome profit, assuming she wasn't dumb enough to but them for more. Too bad for those poor buyers.

 

But sad to say, she's making back all her listing fees on the few that do sell for stupid money.

 

I sent her an "Ask seller a question" e-mail asking where she got the ten thousand value. She said she looked them up individually in the USss coin book. She said if she's wrong she will admit it. And she asked me to tell her if she's wrong. Should I ?

 

The sad thing is she is selling a redbook, so obviously her story is bogus but you should definetly tell her where she went wrong incase she really is a nice person who got lied to a lot.... although its looking less likley as I read the descriptions of her current auctions.

 

Yep--she asked....

Speedy

 

Yeah,
she played very innocent with me too... and I believed it for a while, until her story grew and it became someone elses fault...
I certainly sent her extensive info, including links to places where she could see that the US mint did not produce these in gold plating, or silver cores. She still chose not to pull the listing.
What coin did she look these up under? The red book only shows MS65 I believe, so if she looked up Sac's in MS64, she is still miles away from 10k.
What is she looking up?

 

Just exchanged two more emails with the seller. She claims she has paperwork from the seller I mentioned above (certifiedsilver.com) saying they are pure silver, gold plated!

Who has ever heard of a gold plated silver coin from a mint?

But, what's worse, is these are not some obscure coins... this is current circulating stuff! Don't people even do simple homework?

I don't know if she is legit. She kept saying in her email that she hoped I was not 'leading her on' as if perhaps I was lying to her.

Send her an email and collaborate! Lets see if she is honest. If so, she'll pull the auction

As for the SGS stuff though... honest or no, she is working the system of stealing from newbies through false advertising of SGS junk...

 

Here is one of her emails:

Rich please don't leave me along, I appreciate your advice. Doesn't any of the Sac dollars have silver in them, I've gotten a few from the mint dept that had silver in them and what makes them yellow to appear that there is gold on them?? I do need to learn and I do appreciate your advice. Thanks Fran


If this is honest, my god... she should not be selling coins... any more than I should be doing surgery...

 

Notice the similarities between her Sacagawae case and the SGS cases. Then visit certified silver.com and notice how they offer "pre-cased" coins as well as "tamper evident" cases for wholesale for the purpose of "starting your own grading service". IMHO, this is simply someone who has seen the $$$$ to be made by frauding people like SGS, and found the way to do it.

 

If you go to the auction page her answer to my question is right on the page. It says where she looked them up.

 

HI RICHARD
Good work Richard, need more people like you out there, the money that people pay for coins just because they see it on e-bay.:thumb:

 

I also emailed her and she just wrote back to say that she is pulling the auction.

Speedy

 

Yup she sent me the same e-mail. Now how about those SGS graded kennedys she claims are worth thousands of dollars but the buy it now price is $60 ? Ha Ha

 

I emailed her as well and she told me the same thing, I also warned her that the SGS grading standard is not the same as the official ANA standard so her projected prices are off.