Hope I don't get burned...
 

So, I was browsing ebay for decent deals, as per usual. Sometimes I get lucky and get an item at a really decent price. I have only been burned once, but it was for over $500 from a seller in the Netherlands. Ebay/PayPal do little to compensate buyers when they get stiffed by fraudulent sellers. After that particular buying blunder, I was compensated to the tune of $175 and the case was closed. I vowed to learn from it and never let it happen again.

Well, I think I may have just let it happen.....again. I saw this item and did as much checking up on the seller as I could. But, I think my greed got the best of me and I may have overlooked a possible sign or two.

1/2 oz Proof Gold Eagle

All of this seller's feedback is in french, so I used a language translator to read up on the negatives. Most of the buyers left positive feedback. It was only after I made the payment via PayPal that I noticed this seller's other auctions. All of which had a duration of one day. One of which was a 1 oz Gold Eagle with a "Buy It Now" price of about $300. He had other various gold coins (a total of about 4) with near similar prices as well. I'd provide links to these other auctions but, as I check now, he no longer appears to have any auctions that are active. Either A) Other people already bought them, hence the auctions are now closed, or B) He made multiple mistakes on the auctions and ended them early.

I still can't help but getting the feeling that I set myself up for another hard lesson :banghead:

Thoughts?

Re: Hope I don't get burned...
 

Yeah, so I just found this auction....


http://cgi.ebay.com/1996-PROOF-1-2-O...QQcmdZViewItem

Look familiar? Yeah......looks like I've got some emails to send. :frown: :banghead: :stickyman

Re: Hope I don't get burned...
 

300 bucks "Buy it Now" for a one ounce eagle, and you're REALLY asking this ?????

I think you already know the answer.

Re: Hope I don't get burned...
 

BOHICA. Go to a local dealer.

Re: Hope I don't get burned...
 

That was the only auction that was that far off. Others were closer.

Indeed I do. He had a few other things that have already sold as well. I acted to fast on this one. But, so did others. At worst, this will be about an $85 burn for me once PayPal grants me partial compensation. I already filed the claim. Once this is done, I think I'll be closing my ebay account. I still figured this would be a good story to share in hopes that it will make others more cautious.

Re: Hope I don't get burned...
 

Preaching to the choir with me.......tried ebay a few times......looks like the Wild Wild West of consumerism to me. Buyer Beware doesn't begin to describe it.

Re: Hope I don't get burned...
 

Buying gold from a person in France with a very low feedback score
:haha: I probably would not have even admitted it.My personal ebay
burn was buying silver "pounders" 12 not 16 oz still havn,t told the wife.
But i still love ebay nobody ever said knowledge came cheap.

Re: Hope I don't get burned...
 

A silver pound is 12 troy ounces, so you didn't get burned.

Re: Hope I don't get burned...
 

was expecting 16 and bid accordingly, didnt know any better at time my fault
felt pretty stupid to.burned myself but still got burned.

Re: Hope I don't get burned...
 

OK, here's my burn story:

I logged in, saw an auction for a giant state quarter, way below spot with about 2 minutes left. I hurried up and signed in and bid.

After I bid I realized I had bid a PayPal only auction with no PP account.

The person was cool and took a MO.

I got the quarter and was reading the back when I noticed it said .999 Pure Silver...


...Clad.



Arrghhhhhh!!!! I chucked it at the wall.

I looked close and noticed the copper peeking through.

I re-read the ad, and in the body it says the things says on the back, clad.

Of course, it didn't say it in the headline. But it was there in the text.

I'm going to wait til silver gets maniacal and repost the same ad, same way, and hope for a bigger fool.

It was only a few bucks, 33 or something. My tuition at eBay U.

LG :puke:

Re: Hope I don't get burned...
 

DONT BUY FROM OVERSEA SELLERS ON EBAY. 80% of them are scams. Why do you think you are getting such a good deal.

You can look for deals in the U.S on ebay. I just bought 33 1996 Silver American Eagles foes 41.50 each. I can sell them to my local dealer for $58

PROFIT of $545.00

Re: Hope I don't get burned...
 

:mad: I'll most likely have to use this info, thanks for posting.

Re: Hope I don't get burned...
 

Re: Hope I don't get burned...
<HR style="COLOR: #d1d1e1" SIZE=1>Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by furious_pete http://goldismoney.info/forums/image...s/viewpost.gif
If you paid with a credit card through PayPal do not file a claim with PayPal, just call up your credit card company and they will refund the full amount. The maximum eBay or PayPal will refund is $200 minus a $25 processing fee ($175 net).
</TD></TR></TBODY></TABLE>
:mad: I'll most likely have to use this info, thanks for posting.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXxxxx

Never use your own funds or go thru buyers credit, use your own credit card, they will back you up to at least 1k normally, varies with issuers on the fraud limit. PAY PAL AND PAY PAL BUYER CREDIT ARE OWNED BY EBAY, THEY ARE EBAY, ONE AND THE SAME.