Would you buy a coin from this ebayer??

http://shop.ebay.com/rarecoinwholesalersca/m.html?_nkw=&_armrs=1&_from=&_ipg=&_trksid=p3686

He is selling forty coins with zero feedback. The lowest coin is $2750.

The highest is $249,500

 

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The 1794 flowing 50c looks like someone rubbed it on the concrete. Hard to believe it got AU 58 one of the stars in almost completely scrubbed off yes I said scrubbed. Ice

 

Why not? If there is a problem, you will get you money back from PayPal - ALL OF IT!

 

Not a chance.

And you can only get your money back from PayPal if you can prove you never got it.

All the guy needs to do is ship you an empty box, or a box with something different in it, and he's got a delivery slip with your signature on it, and it's your word against his.

PayPal has backed me well in the past, but I wouldn't count on it with large sums of money, and I wouldn't risk buying coins of this high value from a 0 feedback eBayer.

 

Does Ebay not have some type of Escrow service for high-dollar exchanges?

 

They have changed that. Now the buyer pretty much gets a refund if they ask for it. They have a whole bunch of sellers real upset.

BTW, jallengomez, the escrow is PayPal. The seller does not get paid until the seller is happy.

 

I would not buy a coin on eBay if God was selling it.

I would not buy a coin on eBay if God was selling it.
There are too many other/better places to buy coins and it's easy.
If I had to have a coin off eBay, (it hurts me to type it) the seller would need over 10,000 positive feedbacks, 100% money back promise, guarentee it to grade has he/she says in all three TPG companies, be under $300, (is that not a given) and look too good to be true!

Now if you sorted all coins on ebay by my requirements above you would probably come out with 3 sellers items - are you statring to get my drift here.

I know all the arguments - I live far away, no shops or shows, cannot get out and those are reasonable but there are very good sellers in Coin World, (look towards the back and not the front) that will give you better coins at better prices than e*$% - I just can't type it one more time!

 

Maybe it's just me, but before I would make a purchase at those price ranges, I think I would want to see and visit the seller, and the coin; personally. I would do some homework on the individual(s) or company and any other reasonable thing, before proceeding with a sale. If your going to spend $10,000+ on a coin, how could you let a $300 airline ticket get in your way?

 

Those are adjustment marks, done by the Mint to lighten overweight planchets.

 

Got to say, I'm not too pleased with Ebay's new seller protection plan as there is too much room for fraud on the buyers part. This why I no longer sell on Amazon as there were too many charge backs and buyers do not return what they recieved.

 

If he had a coin that I was completely excited about....no, I still wouldn't. I do buy from eBay, (and am selling about a million first day covers there now) but I still wouldn't buy from someone with no history.

 

No History, No Chance

 

Okay, you guys need to calm down. This is not some fly by night E-Bay seller. This is a well established rare coin company who has decided to expand their businesses by creating an E-Bay account. My guess is that they will use this as a form of advertising to draw potential customers to their home website.

http://www.rcw1.com/m/

Here is an excerpt from the ABOUT US section of their site:

Personally I have never bought a coin from this company because I don't like their hype and think their coins are overpriced. But I would not be worried at all about them pulling some kind of scam.

 

These guys are legitimate: www.rcw1.com/m/

 

Lehigh, we were posting the same message at the same time.

 

While I don't doubt this is probably a reputable seller selling decent genuine coins, I truely believe these coins are in the price range that you would probably want to examine them for yourself in person before dropping that kind of money. I personally would never spend over $100 on any coin without a closer examination.

 

Not so fast. Ebay owns paypal. A couple weeks ago, I talked with an ebay representative for about half an hour on live chat. A guy I know was selling something out of the ordinary from what he usually sells and he still has less than 50 feedback.

Ebay customer service says that paypal flags certain sellers on certain auctions at random!

There was a whole list of criteria that might get a seller flagged. If you do get flagged, the money the buyer sends you is held in your paypal account until the buyer is happy with the transaction and leaves a positive. His money was tied up for that auction but not for other stuff he sold. It's very strange and yes, annoying if it happens to you.

For example, if you've been primarily selling car parts for 2 years and all of a sudden you go to sell an old antique doll, in that category, and you have less than 50 feedback, you may be flagged. There was a looong list of stuff they're looking for. I've never had money held up in paypal yet as a seller.

 

Thats is what the no questions asked policy affords you.

 

I somehow believe that with 0 feedback selling quarter million dollar coins, PayPal would find a category to fit you in - or make one.

 

I was flagged about three months ago and was no big deal, Once the customer left positive feed back and/or a certian time peroid the funds were released.