What's Going On With These Coin Sells? Beware But Be Honest! BUY COINS From Us portsmouthcoinshop.com/ Go to our help community here for coin help coinauctionshelp.com/forum/index.php
That 55 DDO is certainly a lure, but you have to know who you are dealing with. Only 1 feedback for the seller makes this scary enough to immediately run the opposite direction.
13.5% is ridiculous, sure it’s less with an eBay store but that kills any profit you can make unless you are damn near stealing the coins. It’s a shame.
Ebay has a bug. When an auction ends with no no bids it still shows up when you select sold items because it auto selects completed auctions. They even put the "Sold" on the photo when it didn't sell That 82 cent never sold
I have experienced all of this already. Luckily I do search and read all reviews and their rating. I can’t thank Daniel enough for his honesty and he calls out what or who is wrong when he sees scams no matter who they are. That’s why he is main channel I go to first. Thank you and God bless !
It has been going on for years. Seller with low feedback (typically) lists with high BIN price, other person (or seller with another profile) BINs it, cancels or "pays by check" and the completed sold listing shows up. The problem is also on the private seller side... they see "1972 DDO sold for $4,000!!!" and think their pocket change is worst more than face. Spike bidding to inflate sell price closer to a real bidder's proxy bid is also a problem. Education on both buyer and seller sides prevents the scammer from winning.
wow i really am glad someone takes the time to point these things out its absolutely insane the things people list and i feel sorry for the buyers its unfortunate thank you for the video
I think some bogus high $$ sales for coins can often be part of a money laundering scheme. This is a problem with coin collecting and generates regulations on dealers that some are trying to jump around.
Great video, thank you. I've been buying and selling on ebay for over 20 years, but just started collecting and selling coins in the last couple. Your videos have helped me immensely! 🙏
Thanks Daniel - Always enjoy your videos. I thought that eBay did not allow you to sell coins or other higher end collectibles until you had a certain number of sales and good feedback. I buy on eBay all the time and have been lucky. I also follow specific sellers that I trust. I also try to stick with graded only… but I have picked up a few book fillers that were legit. Thanks again.
Anyone can ask for anything on eBay. You have to do your homework like you tell us all the time. This is why I buy from a small handful of people, stores, and groups. I don't waste my time looking or wanting errors.
😂😂😂 i love going back to 5 year old videos and see how ....happy you was .This coin games and ppl must of made you so jaded on stuff I guess to me it's funny what brings me back to your channel every time it is so don't stop roasting I like how you say you don't edit this s*** to sketchs on a Bord. It`s raw.Thank you.
Hey Daniel - Happy New Year - I am back watching your videos - I bunch of seller put a ridiculous amount on a coin just to snag that one buyer - chances are the buyer may not know it is a rip-off. Buyers need to research - all smart buyers do. I don't remember the date of a particular V Nickle - but it has something to with a proof - where the coin is worth WAY more in a circulated condition than in proof - unscrupulous people crack it out and try to pass it off as the circulated coin - sorry I don't remember the exact coin. You do great work - Thanks
Always throwing out the truth whether it wants to be heard or not. My man, thank you Daniel. I'm guilty also. As I've learned more about numismatics, there are things you have brought to light that I thought other of, but with more research I saw that you were right, and I needed to change how I thought.
Hey Daniel, I really appreciate your videos and you show honesty and respect and your knowledge of coins. And I also appreciate you sharing with us about the issues that you see on eBay, and that helps us with what we should be on the lookout for when we are on these sites and what is a possible good deal Or not? And what to be on the look out for? When dealing with these things. Thanks again Daniel and have a great day
Thanks Daniel. You said it...Sell but be Honest in what you are selling. For the life of me I do not know why some folks wouldn't get those coins verified and graded. IE:1(55 DDO EXCEPT for the fact in my mind, they are scamming or money laundering. That folded cent..Looks cool but to me, how would that be done at the mint? Yea the off center portion...maybe (I didnt get a good look at it) but folded? If it was done in the minting chamber, it would be flat. Buyer Beware and KNOW what you are buying or bidding on. I've bought off eBay and have been happy but I have done my homework.
Yeah i would be scared to buy anything for thousands of dollars that is uncertified. I feel like if i'm spending that much I would go to heritage auctions.
My view is that this type thing is a BIG area of money laundering. Especially when you see a listing where there's only one person bidding and the bid goes from $10 to $20 to $100 to $1200 to $20,000..... Not exact figures of course but if you look that's what you'll see
I have bought via eBay listings from folks i also buy from at their web sites -- sometimes the price is discounted or the shipping is cheaper. The only time i bought a Morgan dollar on ebay from a seller i did not already know, it was Chinese -- a lousy Made-In-China fake.
Also, this happens a lot on Whatnot - some sellers overstate value and make one think they they are educating you when in fact they are ripping people off - overstating values - yeah - they are good talkers and people fall for it
Do auctionkings again. That always cracks me up when you talk about them (or that person). I recently looked at their feedback for the lulz. Every high dollar coin they sold recently had issues in feedback. Even the positive reviews had issues mention, like the one said "positive return".
I have both bought and sold coins on eBay I had one buyer score a 1917 ddo Lincoln cent he felt bad and asked if I wanted it back I told him no he bought fair and square
Hello Daniel, I love your videos and I have been subscribed to your channel for a few years now. I am not trying to criticise you but your recent videos are more preaching about issues rather than teaching or giving knowledge. I won't stop watching because you do give very, very important information about the hobby and its pitfalls. Please keep up the great videos.
Why don't they have to post what they are selling on Ebay and what is the errors that each coin has? Why don't they stop allowing, these types of people who are not showing their coins? And just don't allow them to be posted
If its money laundering, or someone trying to get higher feedback, or someone trying to artificially inflate the price of certain coins, don't they still have to pay the 10% eBay fees? Wouldn't that prevent this type of shenanigans? Or is there a way for a sale to be listed as completed where the seller can avoid the eBay fees?
Something I've noticed with ebay pricing is the absurd markup on toned coins. Not all, certain ones. There will be some dime a dozen toner and they'll throw up some huge number hoping someone who doesn't understand the demand around low quality or really common toners will buy it. A lot of these coins are pretty colours, but they're proofs that get toned sitting in the packaging. They're all like that to some degree, theyre not like a bag toned morgan. I have a quarter I got for 5 bucks and on ebay I see another one with the same exact toning on it (slightly less appealing actually) because it was out of the same kinda box... the guy wanted $350 bucks for it! And someone is gonna pay that. I've seen them sell. Not a money launderer, a real collector is gonna get taken advantage of. I mean yeah sure you can ask whatever you want but it's almost like baiting a trap. Someone is gonna see it and think the colour is worth $350 bucks when it's not, it's really common on that particular coin. This is the problem with ebay, you can charge way above market value and your business will never fail because there's no overhead. You just bait 100 traps and sit patiently until someone falls for them. If a brick and mortar shop tried that they'd go under in a month. Idk it's not technically dishonest but you're not a good thing for the hobby when you do that.
That 1955 double die is from PGA a coin that someone bought from gold standard auctions on hibid and once they got it they realized it was not what they thought it was and they just dumped it on another poor unsuspecting fool.
There are and always have been less than honorable people defrauding every market there has ever been. But in the coin market it it might just be fair to say, ignorance is the greatest defrauder. Because every Tom dick an Harry with a penny is a coin expert, and every scratch is a rare error. Unless we do or own diligence. Buyer and seller alike, should endeavor to educate and learn the data, identify the markers, spot the truth.
I think we are soon gonna see bigger problems to worry about that are gonna kill your hobby than a few overpriced coins on Ebay. That's what we ALL need to be openly talking about and figuring out ways to help each other. You know what I am talking about. Has sumpin to do with digits.
Lol. I can handle ain't. Can't handle "California Schooling" words like heighth instead of height. "Sell" is a verb, an action, it requires conjugation: I sell, you sell, he sells.. I sold,you sold, and so on. "Sale" is a noun, it is not conjugated.
@@CoinHELPuThanks for changing it! Another good video even though it seems like I bust your chops...lol. I'm the audio guy too, 🤣. The sound has been a bit better lately.
I laugh at ALL the gold and silver ads and warnings from ALL types of sellers. Funny thing to me is, they don't want nor won't take GOLD AND SILVER for payment. Seems they want good ole fashioned CASHOLA. LOL. What a farce.
Firstly, that 1955 doubled die is a counterfeit, no doubt. It just looks phony to me. The one that truly erks me, personally is the clown with the 1982 LARGE D, has the coin on a scale at 3.1g claiming it's a SMALL date. This clearly demonstrates that this person is not a seasoned numismatic authority. Those of us that know American coinage can differentiate small from large dates INSTANTLY. They look nothing alike, yet idiots get a large date 9 of 10 times because way more large dates were minted compared to smalls, claiming it's a small and they truly believe they have a small. Sorry folks, NEWS FLASH: FANTASY COIN... Don't waste your time on this garbage. Make wise investments and buy Morgans. Just can't go wrong with them, UNLESS one doesn't educate themselves and cannot discern a phony from an authentic. Thanks again brother D👍🏻🙏🕉️
Morgan dollars are very popular of course, but they are by no means the only good investment in numismatics.Besides, if you collecting only as an investment, you either have to wait a long time for your coins to gain value, or you are in the wrong hobby.If everyone only collected Morgan's, the hobby would die from boredom.If you only like Morgan dollars, that is fine, but you should not be telling others that only Morgan's are what they need to collect.
It is still a free country. It's called capitalism. If someone is willing to pay you 100 times what you say the coin is worth, well, that's their problem. Some people have to learn the hard way. I say raise your prices to whatever the market will bare, not counting pricing just below 2500.00 on Ebay for ungraded coins from the -0- or 10 or less feedback scammers.
Fraudulent selling activity isn't capitalism, capitalism is a free market where everyone can buy and sell freely (in a nut shell). but there's laws against fraudulent activity. I am pointing out fraudulent activity. Also it's no different than the priceline app, it tells you where the best deal is. You're correct, it's a free country and I am free to tell people where the bad dealers are and where the good deals are. It's collectors not dealers who determine the values of coins.
![Lp. Последняя Реальность #107 РОДНОЙ ДОМ [Финал] • Майнкрафт](http://i.ytimg.com/vi/IK3QKzKUlHM/mqdefault.jpg)
What's Going On With These Coin Sells? Beware But Be Honest!
BUY COINS From Us portsmouthcoinshop.com/
Go to our help community here for coin help coinauctionshelp.com/forum/index.php
That 55 DDO is certainly a lure, but you have to know who you are dealing with. Only 1 feedback for the seller makes this scary enough to immediately run the opposite direction.
The only reason I bash eBay is for their ridiculous fees that they charge. I've been on there since 1998. And I've seen the fees get out of control..
13.5% is ridiculous, sure it’s less with an eBay store but that kills any profit you can make unless you are damn near stealing the coins. It’s a shame.
Ebay has a bug.
When an auction ends with no no bids it still shows up when you select sold items because it auto selects completed auctions. They even put the "Sold" on the photo when it didn't sell
That 82 cent never sold
Great video Daniel! I do really like your website, and I do still buy and sell on eBay. Thank you for what you do!
I have experienced all of this already. Luckily I do search and read all reviews and their rating. I can’t thank Daniel enough for his honesty and he calls out what or who is wrong when he sees scams no matter who they are. That’s why he is main channel I go to first. Thank you and God bless !
thanks man .my dad passed away and i got coins from him . gone down the rabbit hole , thanks for pulling my out
It has been going on for years. Seller with low feedback (typically) lists with high BIN price, other person (or seller with another profile) BINs it, cancels or "pays by check" and the completed sold listing shows up. The problem is also on the private seller side... they see "1972 DDO sold for $4,000!!!" and think their pocket change is worst more than face. Spike bidding to inflate sell price closer to a real bidder's proxy bid is also a problem. Education on both buyer and seller sides prevents the scammer from winning.
I have made great use of your video library, it’s a treasure all in itself. 👍👍👍👍
Your eBay videos are my favorite. Very illuminating, Daniel!
wow i really am glad someone takes the time to point these things out its absolutely insane the things people list and i feel sorry for the buyers its unfortunate thank you for the video
I think some bogus high $$ sales for coins can often be part of a money laundering scheme. This is a problem with coin collecting and generates regulations on dealers that some are trying to jump around.
Great video, thank you. I've been buying and selling on ebay for over 20 years, but just started collecting and selling coins in the last couple. Your videos have helped me immensely! 🙏
Thanks again Daniel! Buyer Beware of Stock Photos too
I'll message these sellers just to get response most of the time they don't. Glad others like yourself have also seen these scammers.
Thanks Daniel - Always enjoy your videos. I thought that eBay did not allow you to sell coins or other higher end collectibles until you had a certain number of sales and good feedback. I buy on eBay all the time and have been lucky. I also follow specific sellers that I trust. I also try to stick with graded only… but I have picked up a few book fillers that were legit. Thanks again.
Anyone can ask for anything on eBay. You have to do your homework like you tell us all the time. This is why I buy from a small handful of people, stores, and groups. I don't waste my time looking or wanting errors.
Great early 2024 video and topic Daniel!
😂😂😂 i love going back to 5 year old videos and see how ....happy you was .This coin games and ppl must of made you so jaded on stuff I guess to me it's funny what brings me back to your channel every time it is so don't stop roasting I like how you say you don't edit this s*** to sketchs on a Bord. It`s raw.Thank you.
Hey Daniel - Happy New Year - I am back watching your videos - I bunch of seller put a ridiculous amount on a coin just to snag that one buyer - chances are the buyer may not know it is a rip-off. Buyers need to research - all smart buyers do. I don't remember the date of a particular V Nickle - but it has something to with a proof - where the coin is worth WAY more in a circulated condition than in proof - unscrupulous people crack it out and try to pass it off as the circulated coin - sorry I don't remember the exact coin. You do great work - Thanks
Good info video Daniel, Happy New Year!
Always throwing out the truth whether it wants to be heard or not. My man, thank you Daniel. I'm guilty also. As I've learned more about numismatics, there are things you have brought to light that I thought other of, but with more research I saw that you were right, and I needed to change how I thought.
Hey Daniel, I really appreciate your videos and you show honesty and respect and your knowledge of coins. And I also appreciate you sharing with us about the issues that you see on eBay, and that helps us with what we should be on the lookout for when we are on these sites and what is a possible good deal Or not? And what to be on the look out for? When dealing with these things. Thanks again Daniel and have a great day
Thanks Daniel. You said it...Sell but be Honest in what you are selling. For the life of me I do not know why some folks wouldn't get those coins verified and graded. IE:1(55 DDO EXCEPT for the fact in my mind, they are scamming or money laundering. That folded cent..Looks cool but to me, how would that be done at the mint? Yea the off center portion...maybe (I didnt get a good look at it) but folded? If it was done in the minting chamber, it would be flat. Buyer Beware and KNOW what you are buying or bidding on. I've bought off eBay and have been happy but I have done my homework.
Yeah i would be scared to buy anything for thousands of dollars that is uncertified. I feel like if i'm spending that much I would go to heritage auctions.
My view is that this type thing is a BIG area of money laundering. Especially when you see a listing where there's only one person bidding and the bid goes from $10 to $20 to $100 to $1200 to $20,000..... Not exact figures of course but if you look that's what you'll see
Yep you just said it money laundering lol
Right, why would a person bid against themselves.
Good video Daniel
I have bought via eBay listings from folks i also buy from at their web sites -- sometimes the price is discounted or the shipping is cheaper. The only time i bought a Morgan dollar on ebay from a seller i did not already know, it was Chinese -- a lousy Made-In-China fake.
Also, this happens a lot on Whatnot - some sellers overstate value and make one think they they are educating you when in fact they are ripping people off - overstating values - yeah - they are good talkers and people fall for it
Do auctionkings again. That always cracks me up when you talk about them (or that person). I recently looked at their feedback for the lulz. Every high dollar coin they sold recently had issues in feedback. Even the positive reviews had issues mention, like the one said "positive return".
I have both bought and sold coins on eBay I had one buyer score a 1917 ddo Lincoln cent he felt bad and asked if I wanted it back I told him no he bought fair and square
I will not buy on ebay, but will buy from you or the mint or jm bullion.
It's because the error coins bring the BIG MONEY graded. Thats why i stay away from errors coins on ebay. Stick with the classics.
There are always going to be crooks out there good to see you ate still out thete informing us.
Hello Daniel, I love your videos and I have been subscribed to your channel for a few years now. I am not trying to criticise you but your recent videos are more preaching about issues rather than teaching or giving knowledge. I won't stop watching because you do give very, very important information about the hobby and its pitfalls. Please keep up the great videos.
Thanks but have you watched all 1,400 videos? You can learn all you want on videos you haven't seen and overlook ones you don't like.
Why don't they have to post what they are selling on Ebay and what is the errors that each coin has? Why don't they stop allowing, these types of people who are not showing their coins? And just don't allow them to be posted
If its money laundering, or someone trying to get higher feedback, or someone trying to artificially inflate the price of certain coins, don't they still have to pay the 10% eBay fees? Wouldn't that prevent this type of shenanigans? Or is there a way for a sale to be listed as completed where the seller can avoid the eBay fees?
Something I've noticed with ebay pricing is the absurd markup on toned coins. Not all, certain ones. There will be some dime a dozen toner and they'll throw up some huge number hoping someone who doesn't understand the demand around low quality or really common toners will buy it. A lot of these coins are pretty colours, but they're proofs that get toned sitting in the packaging. They're all like that to some degree, theyre not like a bag toned morgan. I have a quarter I got for 5 bucks and on ebay I see another one with the same exact toning on it (slightly less appealing actually) because it was out of the same kinda box... the guy wanted $350 bucks for it! And someone is gonna pay that. I've seen them sell. Not a money launderer, a real collector is gonna get taken advantage of. I mean yeah sure you can ask whatever you want but it's almost like baiting a trap. Someone is gonna see it and think the colour is worth $350 bucks when it's not, it's really common on that particular coin. This is the problem with ebay, you can charge way above market value and your business will never fail because there's no overhead. You just bait 100 traps and sit patiently until someone falls for them. If a brick and mortar shop tried that they'd go under in a month. Idk it's not technically dishonest but you're not a good thing for the hobby when you do that.
I just seen one of those 1893 DDO you should on your video in Washington auction company Vail international auction house.
That 1955 double die is from PGA a coin that someone bought from gold standard auctions on hibid and once they got it they realized it was not what they thought it was and they just dumped it on another poor unsuspecting fool.
Thanks for that information, that is sad.
Hi Dan, I was wondering what you think about pcgs working on AI grading ? I trust human grading always from NGC & PCGS.😮
I laughed at the junk coins they try to sell on ebay
that '93 morgan is an obvious fake. best to find legit dealers and go direct if you can.
How does EBAY even allow the fake coins from China ? Anything from China is a hard no for me
E-Bay cannot possibly qualify everything that is sold on their format.Impossible.
There are and always have been less than honorable people defrauding every market there has ever been. But in the coin market it it might just be fair to say, ignorance is the greatest defrauder. Because every Tom dick an Harry with a penny is a coin expert, and every scratch is a rare error. Unless we do or own diligence. Buyer and seller alike, should endeavor to educate and learn the data, identify the markers, spot the truth.
Risk vs Reward...not worth it!
Caveat Emptor !!
Shill bidding on eBay too.
I think we are soon gonna see bigger problems to worry about that are gonna kill your hobby than a few overpriced coins on Ebay. That's what we ALL need to be openly talking about and figuring out ways to help each other. You know what I am talking about. Has sumpin to do with digits.
Everyone's digits will fall off and can't handle the coinage?
I HAVE one 1982 D 3.1 g
Hello Sir! I caught you sell cleaned coins. Do you have platinum or gold, closer to spot, if they are cleaned? 😮
You didn’t catch me doing anything. I openly sell cleaned coins and restore coins on video. If you want to buy them go to www.portsmouthcoinshop.com
Huh?
Blue ridge silver hound perpetuates this kind of garbage
Check value 1804 silver dollar
It’s counterfeit and worthless
First
#227jt
Sales. Sells isn't a word...I don't understand this trend of tons of people saying sells..?
Languages evolve, new words are added yearly. Where have you been? Languages have changed and evolved for eons.
@@CoinHELPu lol, sells makes no sense and has risen in popularity because of trash school learning. It's sales.
Sells is a word and you probably hate "ain't" as well lol
Lol. I can handle ain't. Can't handle "California Schooling" words like heighth instead of height. "Sell" is a verb, an action, it requires conjugation: I sell, you sell, he sells.. I sold,you sold, and so on. "Sale" is a noun, it is not conjugated.
@@CoinHELPuThanks for changing it! Another good video even though it seems like I bust your chops...lol. I'm the audio guy too, 🤣. The sound has been a bit better lately.
I laugh at ALL the gold and silver ads and warnings from ALL types of sellers. Funny thing to me is, they don't want nor won't take GOLD AND SILVER for payment. Seems they want good ole fashioned CASHOLA. LOL. What a farce.
Firstly, that 1955 doubled die is a counterfeit, no doubt. It just looks phony to me. The one that truly erks me, personally is the clown with the 1982 LARGE D, has the coin on a scale at 3.1g claiming it's a SMALL date. This clearly demonstrates that this person is not a seasoned numismatic authority. Those of us that know American coinage can differentiate small from large dates INSTANTLY. They look nothing alike, yet idiots get a large date 9 of 10 times because way more large dates were minted compared to smalls, claiming it's a small and they truly believe they have a small. Sorry folks, NEWS FLASH: FANTASY COIN... Don't waste your time on this garbage. Make wise investments and buy Morgans. Just can't go wrong with them, UNLESS one doesn't educate themselves and cannot discern a phony from an authentic. Thanks again brother D👍🏻🙏🕉️
Morgan dollars are very popular of course, but they are by no means the only good investment in numismatics.Besides, if you collecting only as an investment, you either have to wait a long time for your coins to gain value, or you are in the wrong hobby.If everyone only collected Morgan's, the hobby would die from boredom.If you only like Morgan dollars, that is fine, but you should not be telling others that only Morgan's are what they need to collect.
Good I didn't make it on your shit list means I'm doing something good
I wasn’t pointing out sellers on purpose, just random listings.
With yours and so many others advice I'm only trying to do that what I've been counciled to do
It is still a free country. It's called capitalism. If someone is willing to pay you 100 times what you say the coin is worth, well, that's their problem. Some people have to learn the hard way. I say raise your prices to whatever the market will bare, not counting pricing just below 2500.00 on Ebay for ungraded coins from the -0- or 10 or less feedback scammers.
Fraudulent selling activity isn't capitalism, capitalism is a free market where everyone can buy and sell freely (in a nut shell). but there's laws against fraudulent activity. I am pointing out fraudulent activity. Also it's no different than the priceline app, it tells you where the best deal is. You're correct, it's a free country and I am free to tell people where the bad dealers are and where the good deals are.
It's collectors not dealers who determine the values of coins.