What is wrong with this auction.

[cyberdan]

Nothing to do today at the office so I thought i would go to one of the "barter/auction" sites i belong to.
This caught my eye. The seller has 6 feedback points but there are 27 bids so far.

You get points in trade for "giving" away something or you can buy points. 63,000 points would cost $315

 

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[sagittarius98]

WOW!

 

[civil_war22]

First off its a Morgan dollar second someone would have to be stupid to bid up that high for less it was mint state.

 

[dougofpa]

What the heck is the matter with people?

Well.....congrats to the seller...I guess

 

[cyberdan]

First off its a Morgan dollar second someone would have to be stupid to bid up that high for less it was mint state.

right on 2 counts.
some newbie just won the auction, he signed up 3 weeks ago.
just did some snooping on the winner, he knows coins. he sold 12 auctions in those 3 weeks and made 76109 points. all his auctions were coins. basically he traded a 25¢ & a 50¢ 90% coin and four 50¢ 40% JFK and some little stuff for the Morgan

 

[50cent]

I wonder if the seller was a teller.