Too good to be true? Best avoid!

[TruantCoins]

I have noticed that there has been an increase in the number of coin listings that are possibly fraudulent. I see several listings with coins with amazingly low prices and they are all from relatively new sellers.

At least on of the sellers had an account on a different auction site and his MO was to sell quite a few small items, then sell ONE large ticket coin (>$500) then list a whole pile of high cost coins and then make insurance claims for "lost" coins. He then got quite a few bad reviews and moved on, it appears he has moved here. I tried to get the seller to take photos of the coins, but he wouldn't or couldn't provide any photos except for those he downloaded from a major coin internet coin site.

I called the local Sheriff and was told to not send this man any money.

Anyway, be careful and remember if the price is low, make sure it isn't TOO low. $300-800 for a St. Gaudens $20 Double Eagle sounds GREAT until you find out you just sent a check to a scammer.

[FBNeNotes]

You should ask this so called seller... questions, as Q&A shows here in auction listing for all to Read. I do not know who it is.. yet.

[FBNeNotes]

still looking.....
0 Auctions Found For St. Gaudens $20 Double Eagle

[FBNeNotes]

http://coins.about.com/od/coinbuying...dvice.htm?nl=1

[FBNeNotes]

I think I have found 2 of them.. sad.

[TruantCoins]

Yes, there are at least 2 sellers lisitng these 1 ounce coins or sets of coins. When the BuyNow price is about 30% less than the spot proce of gold, it is a little suspicious. One listing looks like he took a picture in a coin shop http://us.nine.ebid.net/perl/auction...ction=13444742

One of the sellers has dropped all his listings, except for a Sony DCR-SR85 Camcorder. I will be watching to see what he lists next.

Search for Gold Eagle or Gaudens and see who comes up.

[poppa501]

Thanks for the info. I'm sure most of us "experienced" buyer/sellers would pick up on this pretty quickly, but newbies could easily be taken in. Will keep a close watch and report them if I get a chance.

Love to all
Poppa

[FBNeNotes]

my link in message #4 here... is Very helpful, telling you that if in doubt pay ONLY using a cc via paypal. Only pay with a credit card.. best to stay away though, do not look for trouble, 'cause it will find you.

[TruantCoins]

It is always a good idea to use CC or Paypal or something that authenticates both the seller and the buyer.
Thanks for the article on how to avoid getting taken.

[jiml4004]

I've been buying and selling on Ebay for a number of years and have had no problems I've been on this site for 45 days and have been rippied off twice for a total of $330 this place SUCKS
Jiml4004