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<p>[QUOTE=&quot;Blaubart, post: 1439166, member: 37498&quot;]<a href="http://www.ebay.com/itm/221014299989" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/221014299989" rel="nofollow">http://www.ebay.com/itm/221014299989</a></p><p><br /></p><p>I&#039;m trying to figure out what is going on here.</p><p><br /></p><p>According to the auction, this was part of an estate sale where he&#039;s selling a coin collection that supposedly belonged to his late grandfather and he&#039;s using the proceeds to pay for expenses of his passing.</p><p><br /></p><p>This seller hit the ground running in Dec of 2011 and he&#039;s been buying and selling mostly gold bullion.&nbsp; If you take things at face value, he&#039;s been losing money.&nbsp; Why would he continue doing that?&nbsp; Unless he&#039;s running some sort of scam that allows him to reach &quot;Step 4: Profit!&quot;</p><p><br /></p><p>So, with only a little bit of digging, I found out that virtually everything in this auction can be linked to auctions he won within the past couple/few weeks.&nbsp; I doubt he even had some of these items in hand when he created this auction.&nbsp; (Which would explain why he re-used the pictures from the auctions he won)&nbsp; So, he&#039;s willing to compromise his integrity in an effort to gain some sympathy bids.</p><p><br /></p><p>Whatever.&nbsp; I figure my CC company has my back if I decide to bid.</p><p><br /></p><p>I calculated the bullion value and the value of the wheat pennies and buffalo nickels to add up to a minimum of $3,900 at today&#039;s prices.&nbsp; I figure with a little premium added on the graded Silver Eagles, the Morgans and the name brand gold bullion, the value might have reached $4,330.&nbsp; So I would have been willing to pay somewhere in between.&nbsp; The closing bid was $4,660 + $20 shipping. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>My calculations:</p><p><br /></p><p>Low end</p><p>Gold - 1.3 Oz @ 1,584.74/Oz = $2,060.16</p><p>Eagles - 17 @ 28.95/Oz = $492.15</p><p>.90 Silver - $10 Face Value @ 20.70/$ = $206.99</p><p>Morgan/Peace - 50 @ 22.29 ea = $1,114.58</p><p>V Nickels - 7 @ $0.75 ea = $5.25</p><p>Wheat Pennies and Buffalo Nickels = $30</p><p>Total low end estimate: $3,909.13</p><p><br /></p><p>Add a 5% premium for the gold bullion and a $5 premium for each Silver Eagle and a $4 premium for each Morgan/Peace dollar and the estimate grows to $4,330.14.</p><p><br /></p><p>Keep in mind that the auction shows the item location to be APO/FPO, so the guy is probably a service member.&nbsp; Good for him assuming he&#039;s telling the truth, but then again, I also met a lot of dirtbags in the Army.&nbsp; A couple of his early feedbacks that he left for someone else mentioned fast shipping, all the way to Japan.&nbsp; So he could be stationed in Japan.&nbsp; With the general downward trend on gold and silver lately, why would someone pay such a premium for something that might take two weeks to receive?</p><p><br /></p><p>What are the possibilities?</p><p><br /></p><p>Someone bid too much.&nbsp; (FeeBay is full of idiots)</p><p>Someone was suckered into believing they were helping a service member in need.</p><p>Someone knew more about the value of specific coins in the auction.</p><p>Someone actually believes graded bullion coins are worth $20 extra.</p><p>The buyer is known to the seller and they are scamming FeeBay, the shipping company, or their insurance somehow.</p><p>The guy was buying bullion expecting the price to rebound and is losing his shirt.</p><p><br /></p><p>Your mission: Don your tinfoil hats and figure out what this guy&#039;s purpose in life is, and why the auction ended so high.[/QUOTE]</p><p><br /></p>

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