Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Found a "new" auction site...
>
Reply to Thread
Message:
<p>[QUOTE="19Lyds, post: 1581554, member: 15929"]Therein lies the problem with propertyroom.com</p><p><br /></p><p>The items up for auction are not "exclusively" property seized or recovered by the police.</p><p><br /></p><p>From the About Us:</p><p><br /></p><p>"The long story? Founded in 1999 by former police, Property Room originally provided online auction services solely to law enforcement agencies. By statute, such agencies must sell seized, recovered, found, and unclaimed personal property at public auction. If you've ever wondered about our funny name, the cops safeguard all the goodies in the <i>Property & Evidence Room</i>.</p><p>Over time, other municipal agencies wanted a piece of the action, which led us into auctioning surplus assets for fire departments, airports, fleets, and parks departments. On behalf of all these clients, we manage the entire internet auction process, beginning with the pick-up of items for auction and ending with delivery to online shoppers.</p><p><br /></p><p>Several years into the journey, our growth attracted <i><b>liquidators and wholesale merchants</b></i>. Motivated by the fact that we could bring more deals to our one million plus customer base we allowed a select few, hand picked Trusted Merchants to sell on our site. This brought more quality goods derived from store close-outs, canceled orders, and over-stock product directly to you. You would not believe the amount of quality merchandise getting liquidated. The fun never ends."</p><p><br /></p><p>The site bidders fail to read this stuff and actually believe that they are bidding on seized or recovered items and are gonna get the deal of their lives! The reality is that, with such "bidders" most stuff goes way over actual value and coins appears to be the "rule" and not the exception.</p><p><br /></p><p>Like ANY online auction house, your only hope is that nobody else see's or knows about what YOU are bidding on.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1581554, member: 15929"]Therein lies the problem with propertyroom.com The items up for auction are not "exclusively" property seized or recovered by the police. From the About Us: "The long story? Founded in 1999 by former police, Property Room originally provided online auction services solely to law enforcement agencies. By statute, such agencies must sell seized, recovered, found, and unclaimed personal property at public auction. If you've ever wondered about our funny name, the cops safeguard all the goodies in the [I]Property & Evidence Room[/I]. Over time, other municipal agencies wanted a piece of the action, which led us into auctioning surplus assets for fire departments, airports, fleets, and parks departments. On behalf of all these clients, we manage the entire internet auction process, beginning with the pick-up of items for auction and ending with delivery to online shoppers. Several years into the journey, our growth attracted [I][B]liquidators and wholesale merchants[/B][/I]. Motivated by the fact that we could bring more deals to our one million plus customer base we allowed a select few, hand picked Trusted Merchants to sell on our site. This brought more quality goods derived from store close-outs, canceled orders, and over-stock product directly to you. You would not believe the amount of quality merchandise getting liquidated. The fun never ends." The site bidders fail to read this stuff and actually believe that they are bidding on seized or recovered items and are gonna get the deal of their lives! The reality is that, with such "bidders" most stuff goes way over actual value and coins appears to be the "rule" and not the exception. Like ANY online auction house, your only hope is that nobody else see's or knows about what YOU are bidding on.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Found a "new" auction site...
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...