Author Topic: 1996 Gold Unicorn Fakes on Ebay  (Read 5484 times)

0 Members and 1 Guest are viewing this topic.

KonaJim

  • Guest
  • Trade Count: (0)
1996 Gold Unicorn Fakes on Ebay
« on: May 22, 2010, 01:56:06 PM »
There are quite a few 1996 gold unicorn coins on Ebay that I presume are fake?  They are being sold for a few hundred dollars.  Beware!

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2564
  • Karma: 220
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #1 on: May 22, 2010, 02:36:30 PM »
You are absolutely right. There is a major scam going on by seller “apollo1904” located in China. This seller has feedback more than 7,000 and negative feedback more than 230 with comment of "item not received" during last 30 days. The picture of NGC and PCGS slabbed gold pandas are so vague that there is no way to detect if they are genuine or fake. The seller used stock pictures to list those coins which is in violation of ebay policy. The seller has never sold any coin or expensive item until last week. IMO, all coins are either counterfeit or the listing is simply a scam. The mintage of 1995 1 oz unicorn gold coin is less than 1,000. This seller just sold three at price about 25% of the market value  and three are still in the active listing. I have reported to ebay with very limited reaction from ebay. We need more members from this group to report this seller. I do not believe this seller will deliver the coins at all.  

Current active listing (38 1oz gold pandas and unicorns)

http://coins.shop.ebay.com/i.html?_nkw=&_in_kw=1&_ex_kw=&_sacat=4368&_okw=&_oexkw=&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=200&_fpos=Zip+code&_fsct=&LH_SALE_CURRENCY=0&_fss=1&_fsradio=%26LH_SpecificSeller%3D1&_saslop=1&_sasl=apollo1904&_sop=12&_dmd=1&_ipg=50

Completed listing (61 1 oz gold pandas and unicorns)

http://completed.shop.ebay.com/i.html?_nkw=&_in_kw=1&_ex_kw=&_sacat=4368&_okw=&_oexkw=&LH_Complete=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=200&_fpos=Zip+code&_fsct=&LH_SALE_CURRENCY=0&_fss=1&_fsradio=%26LH_SpecificSeller%3D1&_saslop=1&_sasl=apollo1904&_sop=12&_dmd=1&_ipg=50&_rdc=1
  
« Last Edit: May 22, 2010, 08:26:27 PM by poconopenn »

KonaJim

  • Guest
  • Trade Count: (0)
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #2 on: May 22, 2010, 03:59:50 PM »
Thanks for your reply.  This is really sad.  The Chinese coin market is going to have very limited trust.  Ebay does not want to take responsibility, and also I don't think they want to lose their commissions.  I can imagine a day in the not too distant future when good buyers will not participate in an Ebay auction.  There is a 20 oz silver unicorn listed on Ebay that I'm very sceptical of # 130393421574.  I did report the gold unicorn seller to Ebay.  Aloha.

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2564
  • Karma: 220
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #3 on: May 22, 2010, 05:10:08 PM »
The 20 oz 1994 silver unicorn appears to be genuine. The package, inserts and PCS letter are original. The mirror-like surface is shown in third picture, but not in fourth and fifth pictures. This may have something to do with the angles in taking pictures. The green liner inside the capsule is another indication that this is a genuine coin.   

Offline snowball

  • 猫迷
  • Administrator
  • Trade Count: (+28)
  • Hero Member
  • *****
  • Posts: 910
  • Karma: 39
  • Gender: Male
    • China Mint
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #4 on: May 22, 2010, 05:43:25 PM »
reported!!

This reminds me the scammer blackaunt last December http://china-mint.info/forum/index.php?topic=389.0

 >:(
Happy Collecting!  快乐收藏!

Colin
CE Collection Inc.
China Mint | Online Store

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2564
  • Karma: 220
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #5 on: May 23, 2010, 02:03:38 PM »
Yes,it is very similar to "blackaunt".

100 negative feedbacks were posted yesterday to this seller "apollo1904" by two buyers with comment “item not received”. No question in my mind, this seller has prepared this scam for more than one year. In the past 12 months, this seller sold more than 17,000 items with average value about $2.00 per item and established a good feedback rating. Total net for last 12 months is about $35,000.  During last 7 days, the total net for 100 1 oz Chinese gold coins will be about $90,000, if all listed items will be allowed to complete There is all indication that none of those coins will be delivered, since market values of those coins are about 2-5 time higher than the final ending value.  Apparently, eBay/Paypal buyer protection program has attracted many new buyers to eBay. Those new buyers have no idea that protection program is just a empty promise.

When I posted this topic here, the total completed and active items were 100. Now, the total items are 93. Perhaps, eBay did remove 7 items during last 24 hours.
  
The seller's ID was changed on May 21, 2010. Previous ID was yamade00292009.  

« Last Edit: May 23, 2010, 02:08:03 PM by poconopenn »

KonaJim

  • Guest
  • Trade Count: (0)
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #6 on: May 28, 2010, 04:21:14 PM »
A new round of 1996 gold unicorn fakes, being sold by "duckduckone2009".  Ebay needs to get it's act together.

Offline snowball

  • 猫迷
  • Administrator
  • Trade Count: (+28)
  • Hero Member
  • *****
  • Posts: 910
  • Karma: 39
  • Gender: Male
    • China Mint
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #7 on: May 28, 2010, 05:08:07 PM »
A new round of 1996 gold unicorn fakes, being sold by "duckduckone2009".  Ebay needs to get it's act together.

http://shop.ebay.com/duckduckone2009/m.html?_nkw=&_armrs=1&_from=&_ipg=&_trksid=p4340

 >:( >:(
Happy Collecting!  快乐收藏!

Colin
CE Collection Inc.
China Mint | Online Store

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2564
  • Karma: 220
Re: 1996 Gold Unicorn Fakes on Ebay
« Reply #8 on: May 28, 2010, 06:00:58 PM »
I have posted this seller's information under "Fraud Alert".