An 1893CC morgan for $89 ? Language indicates an asian source, probably China. Shipping takes up to 25 Days? Coin in this condition? The seller has sold twenty already in two auctions of ten each and now has a new listing for 10 more, all the same date and cc mint. Is it possible this guy has 30 1893CC Morgans in the condition depicted? For those who buy this coin ... will they have recourse through eBay and paypal when the coin 1) never arrives 2) is not in the condition shown 3) turns out to be counterfeit What do you all think? http://www.ebay.com/itm/My-store-wa...em4ac443e5cf
This is the third listing of 10 coins. He's already sold 20 on two previous listings in the last 24 hours. I reported the first auction to ebay but no response yet.
I'd bet money they're all counterfeit. You will have recourse through eBay's Buyer Protection...but those are just words on the internet. You may be out of your money forever as this appears to be a scam.
I buy all my '93-CC's from AliExpress.com for two bucks with free shipping (now reduced to $1.90). Eighty-five dollars is outrageous! http://www.aliexpress.com/item/1893-CC-Morgan-Dollar-UNC-COIN-COPY-FREE-SHIPPING/714209567.html
Here's one auction that ended. http://www.ebay.com/itm/321119199832?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649 and - http://www.ebay.com/itm/My-store-wa...66?pt=Coins_US_Individual&hash=item1c32697592 That makes three auctions - all with a different seller ID - all with the same ad text.
These are "hit and run" auctions, set up by individuals with numerous ID's. Most originate in China, but many are using U.S. addresses to thwart the stigma that has become synonymous with that area. They try to stay one step ahead of eBay's watchdogs, and often (as noted above) they succeed. Even when sold for $1.90 ($1.71 for three or more) the "coin" is profitable. When sold fraudulently, the profit margin is huge.
I don't always buy Morgans without actual photo, but when I do, its from sellers who registered 2 weeks ago and got 0 feedback. eBay supposed to hold the funds until seller ships the item and either the buyer receives the item or the buyer gives positive feedback... Or am I wrong? So how could this scam work if the money never reaches sellers PayPal? Buyers are going to open disputes anyhow.
These sellers target the unknowledgeable... the same buyers that answer those fancy ads in newspapers and magazines or "invest" in coins offered by HSN. They know that most true collectors will see right through their phoney offering and won't be buying... but they also know that for every collector, there's a thousand buyers gullible enough to fall for their spiel. Unfortunately, these victims are more than happy to post positive feedback to the undeserving seller... and "bingo", PayPal releases the funds, the seller closes his eBay/PP account, and then rides off into the sunset with a pocketful of dinero. Quite simple, and quite sad.
I couldn't help myself. . . Sent both of them messages through Ebay asking if they know one another. Pieces of trash.
Looks like a stock photo of the coin as well... so even if the buyer was knowledgeable enough to be able to tell from a photo, it's not really shown.
