Author Topic: WOW of the day  (Read 544765 times)

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Offline poconopenn

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Re: WOW of the day
« Reply #30 on: May 07, 2011, 11:41:43 PM »

Offline PandaCollector

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Re: WOW of the day
« Reply #31 on: May 07, 2011, 11:42:29 PM »
Yes, good point. It could also be a prearranged sale of something else. The seller has a good track record.

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline Panda Halves

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Re: WOW of the day
« Reply #32 on: May 08, 2011, 12:24:32 AM »
I have been seeing a few 1991 gold pandas getting scarffed up for seemingly unreasonable prices. This is the most ridiculous looking example. Is there some new mintage information or an unannounced new variety discovery in the works? Could be worth investigating?

Offline PandaOrLunar

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Re: WOW of the day
« Reply #33 on: May 08, 2011, 12:37:49 AM »
Hmm ... the top couple of bidders have small feedback history.

Underbidder

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Re: WOW of the day
« Reply #34 on: May 08, 2011, 01:00:49 AM »
Something smells here...

Offline PandaCollector

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Re: WOW of the day
« Reply #35 on: May 08, 2011, 01:54:51 AM »
Something smells here...

I think you can count on this auction not being what it appears to be, as poconopenn suggested. On more than one occasion I have learned of deals in which numerous coins were folded into a single item with only one coin shown in the listing. Sometimes the seller doesn't even include a photo. This arrangement has advantages for both buyer and seller. The seller pays eBay a very small commission on a percentage basis because the item price is very high. The buyer gains PayPal and eBay's buyer protection in case something goes wrong. My bet is that an arrangement similar to this is behind this sale. The seller has too long of a track record for this to be something else in my estimation.

Best wishes,
Peter Anthony
http://www.pandacollector.com

KonaJim

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Re: WOW of the day
« Reply #36 on: May 08, 2011, 03:12:44 AM »
I have done a few transactions in the manner you mention Peter, however there are a few problems with this listing for it to fall into this category.  First of all for a planned sale the auction is set up in a fashion that only the party who is the buyer can find the auction.  Typically, I'll put the listing outside the coin area, no pictures, and use a code word that has nothing with the word coin, China, or gold in the title.  How can you have a deal with a buyer and have multiple parties bidding on the auction?

Underbidder

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Re: WOW of the day
« Reply #37 on: May 08, 2011, 03:17:42 AM »
X'actly. I've seen a lot of "private auctions, only for so-and so", or something so weird it can only be a pre set up for a certain buyer. It's usually a Buy It Now.  No problem.  I agree with KJ, this does not appear to be that.

I'm scaling back, personally, on items up for bid, in favor of "Buy It Now"s.  If it's in my "reasonable" range, bingo.
If not , I'll wait.  Or just be self-deciplined enough to give it one bid at my limit.  There are definately scammers in abundance out there.  :glare:
« Last Edit: May 08, 2011, 03:34:27 AM by Underbidder »

Offline Pandora

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Re: WOW of the day
« Reply #38 on: May 08, 2011, 04:12:35 AM »
The 1991 seems to be very special year..for example, it comes before 1992 and after 1990. There is exactly 9 years difference between 1991 and 2000, the year of dragon. What more, the sum of digits in 1991 is also 20 which are first 2 digits in year 2000, and so on....I am not surprised even that price appears to be very low.  :ohmy:

Underbidder

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Re: WOW of the day
« Reply #39 on: May 08, 2011, 04:14:59 AM »
:blink:

Offline PandaCollector

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Re: WOW of the day
« Reply #40 on: May 08, 2011, 05:43:19 AM »
I have done a few transactions in the manner you mention Peter, however there are a few problems with this listing for it to fall into this category.  First of all for a planned sale the auction is set up in a fashion that only the party who is the buyer can find the auction.  Typically, I'll put the listing outside the coin area, no pictures, and use a code word that has nothing with the word coin, China, or gold in the title.  How can you have a deal with a buyer and have multiple parties bidding on the auction?

Jim,

I agree with all your points. Poconopenn thinks a couple of the "bidders" could be the same person. It all adds up to some strange happenings in Auctionland. Under the circumstances I can also appreciate Underbidder's resolve to steer clear of auctions and focus on fixed-price coins. Caution is certainly called for. Personally, I am keeping track of the bidders who have been involved in these goings on and plan to try to block bids by them on anything I might offer for sale on that site in the future.

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline PandaCollector

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Re: WOW of the day
« Reply #41 on: May 08, 2011, 06:13:04 AM »
One add, I've been doing an ultra-careful comparison of the auction coin's photo with reference images I have and it does look like this coin may not be the exact same variety as my coins. It's hard to be sure because of the eBay image resolution and it's also hard to know if that could explain the bidding action, but it's a possibility.

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline Grip

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Re: WOW of the day
« Reply #42 on: May 08, 2011, 07:44:04 AM »
I have been seeing a few 1991 gold pandas getting scarffed up for seemingly unreasonable prices. This is the most ridiculous looking example. Is there some new mintage information or an unannounced new variety discovery in the works? Could be worth investigating?
Looks like the MS "Proof" 92's are also taking off...
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280668528552&ssPageName=STRK:MEWAX:IT

Offline poconopenn

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Re: WOW of the day
« Reply #43 on: May 08, 2011, 11:47:26 AM »
t***n and r***g were bidders of 1992 gold panda.

http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&_trksid=p4340.l2565&item=280668528552

Shill bidder t***n won four items and did not pay for them (9-10 days after the end of auctions).

http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewBidItems&userid=honest12345&completed=1&all=1&rows=50&sort=12&_rdc=1

Seller mikew-actions left feedback to t***n.

http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=honest12345&ftab=AllFeedback

We knew for fact that this coin (1989 Pd 1 oz panda) was sold to mcc166 as second chance offer.

http://china-mint.info/forum/index.php?topic=2759.msg11502;topicseen#msg11502




Offline anaiman

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Re: WOW of the day
« Reply #44 on: May 08, 2011, 12:38:59 PM »
Shill bidder t***n won four items and did not pay for them (9-10 days after the end of auctions).
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewBidItems&userid=honest12345&completed=1&all=1&rows=50&sort=12&_rdc=1

Hi poconopenn,
How did you know that he didn't pay for his items at least 9 or 10 days after the end of auctions?