coin grab bag auctions

coin grab bag auction

from the look of that auction, and the seller's comments, does he look legit to you? i just ordered some bags from him then saw his latest comment from someone who says they recieved a 1/2oz gold coin from a grab bag... then i looked at the buyer's (person who got the gold coin) comments, and saw that he made a purchase ($3 cell phone case) from the grab bag seller prior to buying that grab bag, of which the (grab bag) seller left a personal(?) inside-joke for the buyer (indicating that they may be r/l friends?) if so, the buyer just left that comment there to help attract people to the (grab bag) seller's auctions?

plus i think the shipping rates are a bit on the high side...

anyone have purchased form this seller? if so, was his grab bags worth it?

i really should have looked at these things before i bought. oh well.

 

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I avoid grab bags. You should get coins valued at about what you paid. Usually valued on the high side that is.

 

I HAVE bought from this seller before, and didn't get anything good. It was a bunch of overly priced coins. I wouldn't recommend paying for it.

 

I agree with Salesrep. I only ever bought one grab bag on ebay. The trade dollar it had in it was counterfeit.

Charlie

 

My wife thought she would be nice and buy me some coins for xmas one year.... ten coins quarenteed - 1 in however many would be gold - much like this auction... when they came in there were 10 modern cents in 2x2's... she wont buy me coins anymore

 

I did a couple of these kind of grab bags from other people on ebay and one time i even got gold...it was a gold plated 1999 quarter lol no joke.. its always about the same (1 to 2 dozen wheats a couple of pre 50 nickels a mirc dime a silver washington quarter and 2 proof coins from 1970 to date).
I did a cigar box once and the guy even put real gold nugets in it.they were in a small plastic case with a lens lid so you can see the gold and say WOW thats really small, and also a roman coin that looks like a penny found at the train tracks.
all in all the book value for these lots(in my experience) is always about the same as what you pay.It is alot of fun waiting for them to come in the mail though. Kinda like a scratch off ticket. You know you wont get anything big but you still are thinking of the new car and how you are going to tell your boss of when you win a million dollars.

 

I have found that grab bags and unserched horads of coins are ways for the seller to get rid of a lot of junk. Just think of it this way, would you sell a 1877 Indian Head Cent for $8.99, I think not. So why would anyone place anything of value in a bag and sell it for less then it value. Same as with a unseached horad of coins, no one in thier right mind would sell a bag full of coins that might have a coin in it that is worth $500 to $600 or more in it for just a few bucks. These people are in business to make money any way they can, and if people are willing to get rip off then these people will do it. BUYERS BEWARE!!

 

I wouldn't touch a 'grab bag' auction with a ten foot pole. I don't even waste my time reading the ads....I've heard it said that there is no Santa Claus in numismatics, and I believe it, but there are those who will take advantage of people in any way they can. I consider it a disgrace to the hobby.

 

I just bought an "unsearched" shotgun roll of Walkers off ebay. I too usually stay away from grab bags and unsearched lots. However, when I read the sellers feedback, others who had bought these rolls found many dates in the teens, several 1921's and even a 1938-D. The roll was 66.00. So, I figured that even if there's nothing good in the roll, I'll just resell it for the going rate of 60.00 for a circulated roll of Walkers. So really, I can only lose five bucks. But hey, I think that its better odds than buying a $5 scratch off ticket, and heck of a lot more fun.

 

I really believe those 'feedbacks' are orchistrated. Either they were friends of the seller, or the seller occaisionaly puts a 'keeper' in the roll/mix just for the feedback. Just to keep suckers (i mean honest folks) coming back for more.

 

I know that all that happens. However, this seller is a Platinum ebayer. But like I said, I just figured that for just $5 it was worth the risk.

 

I would have demanded my money back or reported him to E-Bay.

 

but how do you prove that it was the seller who sent the counterfeit?

 

hey tols1960. i just got 2 shotgun rolls from the same guy i think was his name hunting for ********(dont want to say it all,im not trying to advertise) it was mainly 30's 40's but they were all in really good shape it was a gamble but it worked out pretty good. now after seeing a kit on ebay for rolling your own shotgun rolls im a bit hesitant of buying them.

oh and ps im abit of a sucker when it comes to hoard lots, i got one today that was like 1/4 silver proofs and the rest were ok coins but one thing did mke me sad to see,it was a1885 morgan in great shape with a giant whole drilled in it oh well i think ill just keep that in my junk silver.

 

how many bags have you gotten from him? can you share with us what was in the bag(s)? thanks!

 

That means nothing. EBay is notorious for looking the other way when PowerSellers cheat buyers.

 

That was it Vision. Plus by the time I found out it was counterfeit they had already stopped selling on Ebay. Live and learn.

Charlie

 

I can absolutely see no point in buying a "grab bag" of coins, especially if I'm not the one grabbing. Why give money to someone else so THEY can decide how much and what to give you? The dynamics of those two factors alone is an invitation to being ripped off.

In everything I buy (ESPECIALLY COINAGE) I will know what it is and it will be what I want, not what someone else wants me to have. I feel the same way about those "our choice" ads you see where you give someone money and they decide the date/mint/grade of the coin that will be sent to you. WHY???????? I will decide what I want and how I want it, not someone else.

 

truth is, grab bags, particularly from ebay sellers who sell out of their home, are the easiest way to increase the mark up for cheap, low-grade stuff. Pound for pound, you will come away with less value for your money. Add to that, you're letting someone else decide what you want to buy... instead of deciding what you want to spend your money on yourself.

Let your collection be what you want it to be, not what someone else wanted to get rid of.