Too good to be true?

SFBayArea · Jul 31, 2011

http://cgi.ebay.com/100-PEACE-SILVE...18?pt=Coins_US_Individual&hash=item415c0d2092

Too good to be true.. I was almost going to do it.. but I realized it's in a foreign country. Must be counterfeits in my opinion. I know once my friend's old roommate that showed me some Peace dollars. They looked like weak strikes and were light in weight. He said he got them in a box for $3 each at a flea market. Guessing this is the same? No feedback either for this guy.

yonico · Jul 31, 2011

its fake. and will be removed by ebay

treeslayer · Jul 31, 2011

If it sounds to good to be true, it always is. HH

Gilmore Happy · Jul 31, 2011

yonico said:
its fake. and will be removed by ebay

The guy had 10 total sets of 100 available and sold them all on July 30th, and July 31st. One late on the 30th and the other 9 lots yesterday. He doesnt have anymore, and we wont hear any feedback for another 2-3 weeks as he will be shipping these internationally.

If you'll notice on the listing when you click on it, there is a "history" link that shows you who bought the 10 lots. One buyer bought 3 lots for $900 for example. I believe these individuals who bought are in for alot of heart ache and a pain in the arse getting the money back when they realize they are fake (lets hope they are not re-selling them back on Ebay unknowingly!!!!!). You may not want to buy these on Ebay for awhile as the guy just sold 1,000 of them for $3.00 each basically.

Im an Ebay Powerseller, TopRated Seller, so Im very familiar with everything on Ebay, this will cause alot of stress for everyone involved.

jim4silver · Jul 31, 2011

There is an old saying "you can't cheat on honest man". Kind of applies in situations like this.

Now I am NOT saying that anyone who would try to buy these is being dishonest. But, in almost any situation where a person gets taken, there is some element present where the buyer is trying to get something for way too good of a deal. Sort of like those emails from overseas that say you can get millions from an inheritance if you help the email sender hide the money out of the country, etc., but you need to send them your bank account number first and other personal info plus a deposit.

Anyone who thinks they can buy 100 silver dollars for 3 bucks each on Ebay or Craigslist, etc, and have the coins be real deserves what they get, even if the seller is being fraudulent in their listing in my opinion. There has to be some degree of requisite common sense on the part of the buyer I believe in situations like this.

Jim

ScottNVAB · Jul 31, 2011

Hmm... I saw these when they were listed and debated bidding on them. Then I started DETECTIVE mode..

The first time they were listed for 299, they were coming from Hong Kong. Somewhere along the line, they got changed. The next time they were listed, they are coming from the Netherlands. Same auction, same pictures, same description. You also notice the guy has EXACTLY 50 Feedback? Hacked? The original auction showed his feedback to be all exactly the same $1 item listed 50 times...hmmmmmm...

I researched all the copies (of silver dollars) being made. One of the articles I read said avoid any silver coming out of China. Then I see that they are coming from HONG KONG. Dead giveaway. Anyone who has any years under their belt, remembers back in the late 70's, 80's and early 90's that every single piece of plastic JUNK toy that ends up in the trash after 2 weeks came with the logo: MADE IN HONG KONG. You are now going to tell me that a hoard of more than 1000 Silver Dollars suddenly just showed up in China. Yeah-right.

Now for the kicker.....you ready for this

? Click the link below:

http://cgi.ebay.com/100-PEACE-SILVE...35?pt=Coins_US_Individual&hash=item3f0c3bc90f

Not only does the Hong Kong/Netherlands auction copy this guy's pictures, but also his EXACT description. Ouch!
Not sure what will happen once the buyers figure out they have been duped. And I am not sure what
the guy expects to gain once PAYPAL creates the charge-back (refund). The only thing I can figure is that Paypal will take the hit when they try to get their money from the seller and the seller has skipped town. Either way-ouch! It's not going to end up a fairy tale!

Hope no one here bought them! :help:

One more thing that is going to be really scary about this. Let's say the buyer then KEEPS them, and knows they are trash, but now breaks them up into groups of 5 or so, and relists them. They are going to make a boatload of money even if a few get returned. From what I am reading, these new fakes are EXTREMELY difficult to detect. They look the same, they weigh the same. I forget how they said they were able to determine that they were fake. Something like cut the coin in half and examine the core. Not good!
Not for Silver, Not for Numismatics.

SFBayArea · Jul 31, 2011

ScottNVAB said:
Hmm... I saw these when they were listed and debated bidding on them. Then I started DETECTIVE mode..

The first time they were listed for 299, they were coming from Hong Kong. Somewhere along the line, they got changed. The next time they were listed, they are coming from the Netherlands. Same auction, same pictures, same description. You also notice the guy has EXACTLY 50 Feedback? Hacked? The original auction showed his feedback to be all exactly the same $1 item listed 50 times...hmmmmmm...

I researched all the copies (of silver dollars) being made. One of the articles I read said avoid any silver coming out of China. Then I see that they are coming from HONG KONG. Dead giveaway. Anyone who has any years under their belt, remembers back in the late 70's, 80's and early 90's that every single piece of plastic JUNK toy that ends up in the trash after 2 weeks came with the logo: MADE IN HONG KONG. You are now going to tell me that a hoard of more than 1000 Silver Dollars suddenly just showed up in China. Yeah-right.

Now for the kicker.....you ready for this? Click the link below:

http://cgi.ebay.com/100-PEACE-SILVE...35?pt=Coins_US_Individual&hash=item3f0c3bc90f

Not only does the Hong Kong/Netherlands auction copy this guy's pictures, but also his EXACT description. Ouch!
Not sure what will happen once the buyers figure out they have been duped. And I am not sure what
the guy expects to gain once PAYPAL creates the charge-back (refund). The only thing I can figure is that Paypal will take the hit when they try to get their money from the seller and the seller has skipped town. Either way-ouch! It's not going to end up a fairy tale!

Hope no one here bought them!

One more thing that is going to be really scary about this. Let's say the buyer then KEEPS them, and knows they are trash, but now breaks them up into groups of 5 or so, and relists them. They are going to make a boatload of money even if a few get returned. From what I am reading, these new fakes are EXTREMELY difficult to detect. They look the same, they weigh the same. I forget how they said they were able to determine that they were fake. Something like cut the coin in half and examine the core. Not good!
Not for Silver, Not for Numismatics.

I would think that if you compared it to a real one.. it would sound different due to the metal being different. That guy should tell Feebay someone is using his photo.. which is not allowed.