And, once again, he's selling exactly what he says he's selling...a 468 year old coin. The amount he is asking for is irrelevant. No scam here.
Some coin ads make me think of a New Orleans scam pulled on tourists in the French Quarter: A guy walks up to the mark: “Betcha $10 I can tell you where you got those shoes.” Tourist: “OK, you’ve got a bet.” “You got those shoes on your feet.”
Sure it does. The definition of the noun "scam" is "a dishonest scheme; a fraud". Overcharging for something is NOT dishonest. Nor is it fraudulent. Creating a sense of urgency to buy a product is the sole purpose of advertising. If I choose to believe that using a particular body spray or drinking a given brand of beer will make me irresistible to women that's on me--not on the advertiser.
We can agree to disagree here; however, he's using the price to imply greater value than what the coin is worth. The success of the auction is entirely dependent on finding a buyer who is uniformed or mistaken. If your business is dependent upon someone else making a mistake than you're a scammer in my book. I worked at a department store that would mark up the price on things so that the actual price could be advertised as the sale price. The price on something can be a lie (or scam).
Okay, I need a two-minute break, and nitpicking fits the bill perfectly. There are plenty of dishonest acts that aren't illegal. (I won't get sidetracked by "fraud"; two minutes.) In my mind, "scam" is not a precisely-defined legal term, it's an idiom, one that conveys underhandedness. It doesn't have to be illegal, just deceptive. I think that's compatible with the definition you quote.
Here is the hierarchy of crime from least offensive to most offensive. 1: Child murderer 2: Guy who invented sleeveless sweaters 3: Overcharging for coins because you can
Look at what the OP was asking for: This coin is extremely over price. It meets the OP's guidelines. Having said that, I believe it's a scam because the seller is looking to hook an ignorant buyer who thinks that old and valuable go hand in hand, and who does not understand grading. The description of the auction is clearly crafted to be as misleading as possible, without explicitly making false claims. The definition of scam is a "dishonest or fraudulent scheme". So what is dishonesty exactly? Does the seller have to outright lie to be considered dishonest? The seller is trying to purposely mislead someone into making false assumptions and overpay. That is a dishonest scheme, whether or not they are making false claims.
My favorite is when roll is unsearched and yet the contents are guaranteed to meet certain criteria (mixed dates/mixed mint marks/etc).
So, are the makers of Hai Karate being dishonest when they specifically state that I will drive women wild by wearing their brand of aftershave? Or are they simply hying a product? I have every bit as much of a problem with guppies who are so wrapped up in "getting a deal" that they can't be bothered to apply at least a minimum bit of thought about what they are buying as I do with the sharks who eat them alive.
Way too many for me to post but remember that post of mine some time back? "Crushfresh" and Listia. That was a scam for sure.
The oldest scam in the book- If it's to good to be true... And more people fall for that scam than anything else, coins or otherwise.
I used to feel the same way, but in more recent years have come to believe the former much more of an issue than the latter. Of course cause and effect also comes into play...
I consider this a scam: There was a seller years ago on eBay that sold the same coins over and over to one or more associates that helped him pad his feedback rating. I, along with several other eBay coin buyers, tracked his dealings and compiled evidence that he was doing this. We got him removed from eBay. Well, at least under that name. This was before eBay started using the coded buyer names. This change started shortly after that. I am convinced others are doing this yet today.
I quit using that aftershave after 3 separate incidents of total strangers disrobing in my presence, so no, they're not lying there.
I, on the other hand, quit using it when I couldn't even get my wife of the time to disrobe in my presence.