E-bay

ok not to try and be and overthinker here (and nothing personal ) but how can Ebay list this seller as a "top rated seller" when some of his products include a Morgan like this?

http://cgi.ebay.com/CANDY-TONED-1921-S-MORGAN-SILVER-DOLLAR-AU-/260648193318?pt=Coins_US_Individual

he/she also describes it as a "superior coin"

thanks for any comments :thumb:

 

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Top sellers have nothing to do with what they sell. It is only based on their feedback. so far, he has only 1 neutral feedback. Until that changes or he does not sell enough, he will remain a top seller.

 

ya I was wondering about that .. but still feel a little....pitty(?) for his customers but still their money not mine...to most real coin collectors they are prob. worth melt if that ..

 

Don't feel sorry for the customers. Either they are happy, he makes very good on his returns, or ignorance is bliss. You can affect none of those.
BTW, pity.

 

Ebay is bad...mmmmmkay?

 

persoanlly...I think Ebay is a great idea and if you know what your doing a pontentially profitable resource...its just the "top rated seller" thing that got me thinking...but I guess his customers must be <satisfied> with the product.

 

I would agree that Ebay can be used to purchase coins, if one takes the time to understand what they are purchasing and know how to grade the series of coins themselves that they are purchasing.
Most get burned on Ebay because of their own lack of knowledge of coins and a clear understanding of the Ebay process, including myself. IMHO

In this forum we hear tons of complaints about Ebay but really there are quite a bit more successful transactions for coins than unsuccessful. IMHO

 

My problem with ebay is that they now require paypal for all transactions. I don't hate ebay so much, but I despise paypal. I used to use ebay (buying and selling) before that became a requirement.

 

Since I'm not interested in toned coins/don't really understand the phenomenon, can you explain what about this listing is so bad?

 

ok, toning increases the value of a coin (usually silver but some copper, rarer w/ gold) as long as the toning is original and attractive to the eye...http://www.google.com/imgres?imgurl...page=1&ndsp=16&ved=1t:429,r:3,s:0&tx=72&ty=51
for example this is worth a huge premium...I have some toners but nothing worth too much...this listing reflects an unnaturally toned Morgan ie the Morgan was toned by chemicals or some other un-Godly method..not pretty...for most all, ugly or "false" toning decreases the over value of a coin...by a lot...in this case prob. only melt +2-3$

 

(as an afterthought....the Morgan w/ the "candy" toning has 40 min to go and is bidding $24+ suprised (but not))

 

what is wrong with that coin? artificially toned?

 

I like eBay. Early on, I did learn the hard way and was taken on a few items. I like it because you can purchase rolls, slabs, mint sets, silver mint sets, and such safely. If you take your time, you can get some great deals.

As far as receiving bad merchandise, you have approx a week to request your money back. I just practiced my right for a return last week. (Downside, you have to pay shipping to return the product.) Gave the seller the appropriate rating for misleading description--mainly because he didn't care. Service is a BIG deal to me.

I never leave feedback about the seller until I receive and approve of my item. Most sellers will resolve whatever problem arises because they don't want negative feedback. Also, some of the sellers have 'store' links. You can check out the seller's website and see what kind of business they run.

 

eBay sees "Top Rated Sellers" as the individuals who can make the company loads of money.

 

Yes...painfully so

 

People buy ebay accounts that are top rated sellers.

 

Please translate that

 

If someone wants to pass some cheap crap up, they buy a top rated seller off some one for a few bucks.

 

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Actually there was nothing bad about the coin if you look at honesty in advertising. I think he is close to the grade of AU. Lots of dings. Didn't claim the toning was natural. The coin looks real...just that it is a $19 +/- coin that he sold for $39. A little silver dip and you have a bright AU coin worth the $19 +/-. Look at some of the dealers in Coin World. I love the one selling 1/10 oz of silver rounds for $3.95 for the bad times ahead. That is 39.50/oz., about the same amount of profit as the ebay dealer.

On the coloration, here is a off-forum thread that has the correct progression of colors as the toning layer increases. Coin should have a consistent progression of color change for each stage of thin film deposit causing the toning.

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http://forums.collectors.com/messageview.cfm?catid=26&threadid=716279

You will notice in the Ebay Candy coin, the progression is opposite of what would be expected of an "album" toning which would have the blue on the rims and the gold in the middle, so this coin had the toning chemicals ( natural or artificial) on the center and they spread to the edges. One could argue it was in a sulfurous envelope that contacted the center more, but then the rims tend to be in contact also. As an exercise, I would argue that the progression of toning was highly suspect for NT, and I would pass on that coin, stopping any bid at the $19 +/- level. But since a claim for NT wasn't in the ad, it made no difference.

If you are interested in toned coins, you should read the above thread. I printed most of it out on photographic paper and study it quite hard to know more about the toning sequence. Notice that color can show up several times in the progression.

Jim

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And just how do you know this happens. Any top rated seller would be a total fool if he were to ruin his rating by passing "some cheap crap up". As soon as he gets a couple bad feedbacks, his eBay fees go up, and his prices received goes down. In a shell, he loses BIG.