The State of Ebay

[neilgin1]

oh my, you guys were right! First, I read all the increasing warnings. Second, I've never got dinged....not once, but that is ONLY because of all the warnings HERE...I read.....and second, I think it was Nate from the Cave, who posted that picture of circ 90% American silver coins that were counterfeits.

That picture REALLY got me sitting up straight in my chair...from 2008 until maybe late 2013, I bought a lot of 90%'ers, mostly BU's. and I bought from a handful of sellers, with outstanding feedback and high transparency...coins shown,coins sold, etc.

Now as the years have gone by, (I was also buying rolls of ASES) I've noticed that these dependable sellers (no irony or sarc) DONT sell anymore. Why?....the reasons might many, I don't know. Maybe they've stopped selling, and just stacked, maybe they got sick of either EBay's fees or dealing with the public. I bought primarily rolls, mixed up the range, equally between dimes, quarters, 90 halves and 40 halves, and a lot of Ike brown and blue 40's....as well as ASES.

even if i'm not actively buying, I was always watching where US 90's and 40's traded....and I noticed several things beginning in late 2013.....first, when I started, the auctions most always started at the .01 mark (for rolls) and then the market would find its level.
NOW.....you rarely see a .01 start....these days most start bids are from $129.00 to 255.00 (oh yeh.....$255.00!...the buy it nows get even wackier)

there's a large seller I've done a bit..(emphasis on "a bit", like maybe three rolls in 7 years)....this guy has a seemingly unending supply of walking Lib Halves, which is THE COIN now....and every single roll listed has these rolls as "CH Gem/BU's". These Walking Libertys in the 1940's era, solid date rolls, have traded anywhere from 45 times to 75 times, but what he does is NEVER offers you that Ebay "device" that allows you to scope in on the coins....individual coins....never. just has a picture of the roll spread out front to back. I've watched his pos rating go from 99.9 to 99.7......okay whats .2%?......no big deal?......I don't know, so I look up the 4 negs in the past months...one stood, actually two, but one was so effing egregious I have to tell the tale....some stacker slash numi buyer, paid 3200 plus for a solid date roll of 19th century morgans...they were SF mints....and the guy gave him a negative rating, and here is part of what he wrote:

"Sent 8 of 20 to PCGS- 6-Au details cleaned, 2-Au55, Beware".

Now as you guys know......the market value between AU55 and for a MS64+ is......$110 and $1000....and its probably even worse, with a coin graded as "AU cleaned"

CLEANED!!!....and then advertised as "CH GEM BU"!!!....one of the other neg's was a Walking Lib buyer who wrote this:

"SHINY, BUT NOT CH/GEM BU AS DESCRIBED!! BEWARE!!!"....and THIS guy had over 6500 transactions, which indicates, he's a serious stacker slash numi....and in BOTH cases, the seller did NOT even reply.....which to me is inexcusable. I don't whether either buyer sent them back, the guy who sent 8 to be graded probably didn't, the Walking buyer, who knows, maybe he just ate the "loss", and walked away from seller.

So I want to thank very sincerely the "elder statesmen" of this clubhouse; thank you for helping me navigate dangerous waters, since late 2013, I have confined my purchases to either PCGS slabbed rolls of ASES.....and now I've discovered the 2014-15 .9999 25toz rolls of Maples, with the new radial lines on both obverse and reverse...I deal with one house where I LIKE the folks involved.

and yes, I have a GOOD stack of American 90's and 40's, where every coin has been checked for counterfeits, I have bricks of nickels galore, and buckets of 95% Lincolns....and a growing stack of .999 ASES and .9999 Maples.

in closing, God bless Realcent, and the guys who maintain this low key haunt for those who aint drinking the Kool-Aid, n

[NHsorter]

Can you link to the fake 90% thread you referenced? I'm too numb/lazy to find it at the moment.

[neilgin1]

Can you link to the fake 90% thread you referenced? I'm too numb/lazy to find it at the moment.

yeh, I feel lazy too....and I wish I could GET numb, but here she is.....its the first post WITH a scary scary picture from good ole Nate, in that redoubt called the Copper Cave

viewtopic.php?f=64&t=22539

have a good weekend bud, n.

[Thogey]

The buyer who left neg feedback is a douchebag. You buy raw coins at your own risk. The buyer obviously did not see evidence of cleaning either, or he would not have submitted them to PCGS. Now if they were counterfeit that would be different. There is a subjective aspect to grading anyway.

[NHsorter]

Thanks for the link Neil!

[neilgin1]

The buyer who left neg feedback is a douchebag. You buy raw coins at your own risk. The buyer obviously did not see evidence of cleaning either, or he would not have submitted them to PCGS. Now if they were counterfeit that would be different. There is a subjective aspect to grading anyway.

LtCol, then you know who I speak of?.......I never had a problem with the seller, I bought two rolls of Morgans off him when we were cresting at 47, or coming off 47, but I had NO intentions of slabbing, I bought a roll of 82-O's and a roll of 89-P's and guess what the dunceski price I paid?...over a grand a roll, but this was when the market was most ebullient.....and i'm not losing any sleep about over bidding, as I figure when a bull market takes off, you just hit the offers.....and remember the ride to 47-49?....most of the guys here had woodies, in short, i'm glad to own the rolls....the other roll I bought off him, was a roll of 1941 Walking Lib's, I think P's, and I glass and weigh everything, and I did see some slicks in there, AU's, but shrugged it off, again because i'm not slabbing, coz i'm not selling....and gave him a pos rating.i have never given out a neg rating....the worst I ever did was give out two neutrals, with "Thank You" in the comment space, and I forget the sellers, because I probably put them on my "pay no mind" list.

the seller we're talking about?....when I got those 41 Walkings from?...I paid 36 times face, which was a bargain, because it was right at the beginning of the "Walking" craze, number 1,and number 2, I wasn't THAT thrilled about getting AU's , when I thought they would be CH GEM BU's.....did I leave a neg or whine and moan like a lil girl?.....no, I just don't trade with the fellow again.

I learned that in the trading pits in the 80's, as a young buck, if somebody jammed me, and later hit a bid or offer of mine, i'd just tell him, "go #### yourself, I don't know you, no trade"......I sure am glad I learned the art of trade in those wild azz pits during the Reagan 80's....which "Gordon Gecko" so eloquently told "Bud Fox", "if you need a friend get a dog". All of us depraved 20 somethings had that movie memorized.....Be Well sir, n

[Zincanator]

How about selling coins on eBay, and being falsely accused of sending a counterfeit? That may have happened to me.

I had bought a huge bag of wheats at a coin show and happened to find a rare one (the year of the coin escapes me). The winning bid was like $130. About a week later, the buyer sent me a message that it was fake, said wrong weight, diameter, details, etc. Assuming he was being honest and I was just ignorant about such things, I asked him to send the coin back for a refund. I mentioned I had taken high resolution pics of the coin that I'd be comparing the returned coin to, to make sure it was the same one I sold him. He went silent after that. Never contacted me again, no more refund request, no Paypal dispute filed. No negative feedback. He just went silent. Hummmm.

[silverstacker]

oh my, you guys were right! First, I read all the increasing warnings. Second, I've never got dinged....not once, but that is ONLY because of all the warnings HERE...I read.....and second, I think it was Nate from the Cave, who posted that picture of circ 90% American silver coins that were counterfeits.

That picture REALLY got me sitting up straight in my chair...from 2008 until maybe late 2013, I bought a lot of 90%'ers, mostly BU's. and I bought from a handful of sellers, with outstanding feedback and high transparency...coins shown,coins sold, etc.

Now as the years have gone by, (I was also buying rolls of ASES) I've noticed that these dependable sellers (no irony or sarc) DONT sell anymore. Why?....the reasons might many, I don't know. Maybe they've stopped selling, and just stacked, maybe they got sick of either EBay's fees or dealing with the public. I bought primarily rolls, mixed up the range, equally between dimes, quarters, 90 halves and 40 halves, and a lot of Ike brown and blue 40's....as well as ASES.

even if i'm not actively buying, I was always watching where US 90's and 40's traded....and I noticed several things beginning in late 2013.....first, when I started, the auctions most always started at the .01 mark (for rolls) and then the market would find its level.
NOW.....you rarely see a .01 start....these days most start bids are from $129.00 to 255.00 (oh yeh.....$255.00!...the buy it nows get even wackier)

there's a large seller I've done a bit..(emphasis on "a bit", like maybe three rolls in 7 years)....this guy has a seemingly unending supply of walking Lib Halves, which is THE COIN now....and every single roll listed has these rolls as "CH Gem/BU's". These Walking Libertys in the 1940's era, solid date rolls, have traded anywhere from 45 times to 75 times, but what he does is NEVER offers you that Ebay "device" that allows you to scope in on the coins....individual coins....never. just has a picture of the roll spread out front to back. I've watched his pos rating go from 99.9 to 99.7......okay whats .2%?......no big deal?......I don't know, so I look up the 4 negs in the past months...one stood, actually two, but one was so effing egregious I have to tell the tale....some stacker slash numi buyer, paid 3200 plus for a solid date roll of 19th century morgans...they were SF mints....and the guy gave him a negative rating, and here is part of what he wrote:

"Sent 8 of 20 to PCGS- 6-Au details cleaned, 2-Au55, Beware".

Now as you guys know......the market value between AU55 and for a MS64+ is......$110 and $1000....and its probably even worse, with a coin graded as "AU cleaned"

CLEANED!!!....and then advertised as "CH GEM BU"!!!....one of the other neg's was a Walking Lib buyer who wrote this:

"SHINY, BUT NOT CH/GEM BU AS DESCRIBED!! BEWARE!!!"....and THIS guy had over 6500 transactions, which indicates, he's a serious stacker slash numi....and in BOTH cases, the seller did NOT even reply.....which to me is inexcusable. I don't whether either buyer sent them back, the guy who sent 8 to be graded probably didn't, the Walking buyer, who knows, maybe he just ate the "loss", and walked away from seller.

So I want to thank very sincerely the "elder statesmen" of this clubhouse; thank you for helping me navigate dangerous waters, since late 2013, I have confined my purchases to either PCGS slabbed rolls of ASES.....and now I've discovered the 2014-15 .9999 25toz rolls of Maples, with the new radial lines on both obverse and reverse...I deal with one house where I LIKE the folks involved.

and yes, I have a GOOD stack of American 90's and 40's, where every coin has been checked for counterfeits, I have bricks of nickels galore, and buckets of 95% Lincolns....and a growing stack of .999 ASES and .9999 Maples.

in closing, God bless Realcent, and the guys who maintain this low key haunt for those who aint drinking the Kool-Aid, n

I have to agree Neil. God bless RC. Not sure if you know (probably in my profile) but I only started becoming an active member of this community in January 2014 and have never looked back. Love this site dearly and many of the sellers and buyers and people who bring up EXCELLANT conversatiin like yourself that make me step back and think a little more on certain subjects.
Sometimes I think of where I would be right now in regards to my stack and knowledge about PM's if it wasn't for this site. I've been a collector / stacker for many years but it was when I became a member I finally found a community of people that not only shared the same interests as I but thought in a similar fashion. ( I have to thank a certain member for the introduction as he has a big part in my continual learning process and education he has taught me about the manipulation of the markets) but that's a different topic.
I've learned A lot while reading many posts (way more than I've posted) due to the experience and knowledge of many people here.
I will still go to my LCS for art bars that I like and certain sets that are unique but that's ut. As far as EBay I can't remember the last time I've purchased from them (excluding the APMEX and SIlvertowne end of the quarter spot price sale).
13% plus shipping is too much money to sell unless it's a rarer item . I have and will continue to put up auction items that I wouldn't dare post on this site because of the amounts I'm asking for. I have too much respect for the people and their time on this site to post such high premiums. However, if there are people out there in the EBay world that want a specific art bar or set I will sell it but I must always consider the 13% plus shipping that's involved. It's amazing how many people are out there that will pay for those items. Case in example, I've had roughly 7 NFL rounds that were the exact team and circumstances on the coin that I've sold over the past decade for roughly 60% over face ( even though they are considered generic rounds from a LCS. But because they have the "limited edition" number associated with it people are more apt to spend the extra money. I've come to the conclusion that those folks have very few options and maybe no LCS that IAre available to them and this is there only option. I'm not goudging people as the market dictates the final sell price but it just amazes me the final sale price on art bars and bars/rounds with limited edition numbers.
I kind of feel sorry for them that they don't have a community like this that they can go to.
There is one customer that has been buying odd or rarer art bars and coins from me for at least 8 years and literally tells me how appreciative he is that I'm selling him these piecses of silver. Many times I will stop a fixed price offer once he has been notifies me that he wants this item so I can sell to him. Makes me feel better that he gets the silver instead of some random bidder.
Okay I'm done rambling.

[silverstacker]

oh my, you guys were right! First, I read all the increasing warnings. Second, I've never got dinged....not once, but that is ONLY because of all the warnings HERE...I read.....and second, I think it was Nate from the Cave, who posted that picture of circ 90% American silver coins that were counterfeits.

That picture REALLY got me sitting up straight in my chair...from 2008 until maybe late 2013, I bought a lot of 90%'ers, mostly BU's. and I bought from a handful of sellers, with outstanding feedback and high transparency...coins shown,coins sold, etc.

Now as the years have gone by, (I was also buying rolls of ASES) I've noticed that these dependable sellers (no irony or sarc) DONT sell anymore. Why?....the reasons might many, I don't know. Maybe they've stopped selling, and just stacked, maybe they got sick of either EBay's fees or dealing with the public. I bought primarily rolls, mixed up the range, equally between dimes, quarters, 90 halves and 40 halves, and a lot of Ike brown and blue 40's....as well as ASES.

even if i'm not actively buying, I was always watching where US 90's and 40's traded....and I noticed several things beginning in late 2013.....first, when I started, the auctions most always started at the .01 mark (for rolls) and then the market would find its level.
NOW.....you rarely see a .01 start....these days most start bids are from $129.00 to 255.00 (oh yeh.....$255.00!...the buy it nows get even wackier)

there's a large seller I've done a bit..(emphasis on "a bit", like maybe three rolls in 7 years)....this guy has a seemingly unending supply of walking Lib Halves, which is THE COIN now....and every single roll listed has these rolls as "CH Gem/BU's". These Walking Libertys in the 1940's era, solid date rolls, have traded anywhere from 45 times to 75 times, but what he does is NEVER offers you that Ebay "device" that allows you to scope in on the coins....individual coins....never. just has a picture of the roll spread out front to back. I've watched his pos rating go from 99.9 to 99.7......okay whats .2%?......no big deal?......I don't know, so I look up the 4 negs in the past months...one stood, actually two, but one was so effing egregious I have to tell the tale....some stacker slash numi buyer, paid 3200 plus for a solid date roll of 19th century morgans...they were SF mints....and the guy gave him a negative rating, and here is part of what he wrote:

"Sent 8 of 20 to PCGS- 6-Au details cleaned, 2-Au55, Beware".

Now as you guys know......the market value between AU55 and for a MS64+ is......$110 and $1000....and its probably even worse, with a coin graded as "AU cleaned"

CLEANED!!!....and then advertised as "CH GEM BU"!!!....one of the other neg's was a Walking Lib buyer who wrote this:

"SHINY, BUT NOT CH/GEM BU AS DESCRIBED!! BEWARE!!!"....and THIS guy had over 6500 transactions, which indicates, he's a serious stacker slash numi....and in BOTH cases, the seller did NOT even reply.....which to me is inexcusable. I don't whether either buyer sent them back, the guy who sent 8 to be graded probably didn't, the Walking buyer, who knows, maybe he just ate the "loss", and walked away from seller.

So I want to thank very sincerely the "elder statesmen" of this clubhouse; thank you for helping me navigate dangerous waters, since late 2013, I have confined my purchases to either PCGS slabbed rolls of ASES.....and now I've discovered the 2014-15 .9999 25toz rolls of Maples, with the new radial lines on both obverse and reverse...I deal with one house where I LIKE the folks involved.

and yes, I have a GOOD stack of American 90's and 40's, where every coin has been checked for counterfeits, I have bricks of nickels galore, and buckets of 95% Lincolns....and a growing stack of .999 ASES and .9999 Maples.

in closing, God bless Realcent, and the guys who maintain this low key haunt for those who aint drinking the Kool-Aid, n

I have to agree Neil. God bless RC. Not sure if you know (probably in my profile) but I only started becoming an active member of this community in January 2014 and have never looked back. Love this site dearly and many of the sellers and buyers and people who bring up EXCELLANT conversatiin like yourself that make me step back and think a little more on certain subjects.
Sometimes I think of where I would be right now in regards to my stack and knowledge about PM's if it wasn't for this site. I've been a collector / stacker for many years but it was when I became a member I finally found a community of people that not only shared the same interests as I but thought in a similar fashion. ( I have to thank a certain member for the introduction as he has a big part in my continual learning process and education he has taught me about the manipulation of the markets) but that's a different topic.
I've learned A lot while reading many posts (way more than I've posted) due to the experience and knowledge of many people here.
I will still go to my LCS for art bars that I like and certain sets that are unique but that's ut. As far as EBay I can't remember the last time I've purchased from them (excluding the APMEX and SIlvertowne end of the quarter spot price sale).
13% plus shipping is too much money to sell unless it's a rarer item . I have and will continue to put up auction items that I wouldn't dare post on this site because of the amounts I'm asking for. I have too much respect for the people and their time on this site to post such high premiums. However, if there are people out there in the EBay world that want a specific art bar or set I will sell it but I must always consider the 13% plus shipping that's involved. It's amazing how many people are out there that will pay for those items. Case in example, I've had roughly 7 NFL rounds that were the exact team and circumstances on the coin that I've sold over the past decade for roughly 60% over face ( even though they are considered generic rounds from a LCS. But because they have the "limited edition" number associated with it people are more apt to spend the extra money. I've come to the conclusion that those folks have very few options and maybe no LCS that IAre available to them and this is there only option. I'm not goudging people as the market dictates the final sell price but it just amazes me the final sale price on art bars and bars/rounds with limited edition numbers.
I kind of feel sorry for them that they don't have a community like this that they can go to.
There is one customer that has been buying odd or rarer art bars and coins from me for at least 8 years and literally tells me how appreciative he is that I'm selling him these piecses of silver. Many times I will stop a fixed price offer once he has been notifies me that he wants this item so I can sell to him. Makes me feel better that he gets the silver instead of some random bidder.
Okay I'm done rambling.

Went on a rant and never got to the point which is the fakes out there. Very scary which is another reason I deal with Reputable people on this site that I know. China and the counterfeiters are making them look so good that sometimes I wonder if the coin that I found while conducting my Roll coin searching is actually real or a passed around fake.
If it wasn't for the PMV and all the hard work that was put into the sale of that on this site I would have been stit crazy.. I've said this before and I will say it again. I went through my entire stance and found 4 pieces of silver that were fakes. Because I keep such detailed notes and spreadsheets I knew exactley when, where and from whom I bought hat specific piece and they were all from EBay. Can't trust anymore. But I don't really care because this site is a godsend for me. Okay now I'm really done

[neilgin1]

Stack,
don't worry about "rambling"....that's called "discussion"...I enjoyed reading your post, I've come to the conclusion that post NOW, April 2015, trade and dealings will have to done with ultra precaution. the fact that the stock exchange allows a KNOWN avenue for counterfeited American silver coins to conduct an IPO (a sort of IPO) without an word of protest from either the secret service or treasury, just underlines, how OUR OWN agencies have been corrupted, and how the every official agency, does not wish silver to assume its rightful and historical place as "commodity money".....i'm referring to alibaba in particular in my ref to the sort of IPO.

check out this posting in the biz section, viewtopic.php?f=17&t=33796&p=282962#p282962

and coming from a supposed "red state" at that!.....which just DEMOLISHS this phony repub/dem, left/right phony baloney junk that is beamed into the national conscience ......its just meant to divide us all.

[silverstacker]

And then there the act that was signed in 2014


http://www.coinnews.net/2014/12/22/coll ... comes-law/

Not much being done with it

[neilgin1]

And then there the act that was signed in 2014


http://www.coinnews.net/2014/12/22/coll ... comes-law/

Not much being done with it

course not....why?.. there's a lot more money to get from GE's and Norththrup Grumman's lobbyists to build armaments to leave behind in Yemen, so half crazed oil soaked arabs can use it to kill each other.

between the scene i'm going to post and now, what has really changed about the arab?....now, yeh, they sit on a lake of oil, but they are so easily bought and so easily divided.