Thank you for this video to let people know of the many scams on ebay. A seasoned collector will know the scams but new or novice collectors may not. Your video supplies valuable information. Love your channel.
There's always going to be dishonest people looking to take advantage of you. You just have to do your homework and be informed before you purchase. Its a shame that there are people like that though.
The scammer on Ebay provided a very colorful description of a shitty fake ffs ! Good eye James ! You helped a lot of collectors with your video. Cheers from Kelowna B.C. ! 🇨🇦
There's plenty of 'Chinese counterfeits' that have made their way into the U.S. market, but I'm with you. The first thing I do is click 'US sellers only'.
A viewer had reached out to me about a questionable listing, and I'd just seen that 1947 "Dot-No-Dot." I know a lot of my viewers will be pretty savvy, but sadly, these types of scam listings exist because lots of folks just don't know. I thought I should post something. Hopefully someone will benefit from the info. Thanks for watching!
Now, that's the $64,000 question. I suppose they just don't have the expertise in niche categories to challenge the validity of these types of listings.
The description for the 2nd listing is 100% ai generated, eBay added the feature and it just rewords the info the seller already put in, the seller was just being lazy about his scam.
I've been on the receiving end of that, pal. I managed to order from a seller a 1997 Canadian 50-cent piece (or was it a 1998 since IDK when did the RCM introduced the new version of the Arms of Canada for the coin), and I feel like I've been swindled by the seller who was selling that coin as to there weren't any updates from tracking if it's arrived in to my local post office. And I've been waiting for already a year or more! I REALLY got screwed!
@@CADRollHunter when I talked to the seller about it, I said it's been over six months and I wonder what happened. The seller said, and I quote "well you waited long to message me, I can't do nothing about this now". And I'm like welp, there goes CA$3-4 down the drain (plus shipping expense), and I didn't responde to the seller after. So that's why I don't trust eBay when it comes to selling these ever again.
Not only are some sellers bad, mail theft is a thing too, I ordered a a silver dime and a nickel dollar one time and it never showed up, I thought it was maybe lost in shipping, then I ordered a bunch of silver dimes again the same week and the enveloped came sliced open, luckily all the dimes were there because he taped them inside a Christmas card, but someone along the way may have figured out I was ordering ding a bunch of coins off eBay every week and was trying to steal them, the envelope was sliced open like he tried to shake the coins out After that I changed my shipping address to my friend's house so I didn't have coins coming to my house, I am probably safe to switch it back now this was over a year ago I should have reported it to the post office but I never did, I bet they take mail tampering aeriously
Thank you for this expose. I do buy coins off of eBay, but I generally buy coins from dealers I've bought from previously. I've seen fake coins listed in eBay and I've tried to report the seller to have the listings removed without success. The sellers I don't even consider bidding on are located in China.
About the weird description in minute 6: That's an autogenerated description by AI. They are usually full of weird word choices and sometimes infactual informations as well like in this one.
I suppose the eBay people themselves have no idea about coins, but some moderators in each of the collectible spaces would be really helpful to clean up the site...
Question for you James. Have you ever seen any fake 'Grading Company' coin packaging ? Like a fake certification from a well known Coin Grading Companies ?? Most collectors might assume it's 'authentic,' if it has been graded. Appreciate your feedback.
I haven't seen any here in Canada (e.g., fake ICCS holders), however this is becoming a real issue in the States with fake PCGS and NGC holders. I'm assuming the coins themselves might well be fakes, as well.
I believe that 1929 penny ad was written by AI. I think that is why there was a KM # that I have seen as lot numbers for private sellers. I looks like AI writing bot looked up other listings to make a description for that sketchy ad.
I found a seller listing pocket change for unbelievable prices. It would seem that he/she/it received a number of messages indicating that the listings were junk. I say that because a subsequent posting's description had a note that said they were entitled to offer what ever they wanted for what ever price they wanted, even if it was inflated. (Or something to that effect.) Anyways, I was later thinking that maybe it was some form of money laundering or illicit method of paying for other things that electronic payments aren't authorized. I don't know if they ever sold any of the listings, but still... A scam in my eyes.
I don't like buying coins on the internet because you never know what you're getting. I like to see what I'm getting. Feel it look at it. That's how I buy my stuff in person. 👍👍🙂🇨🇦
What I run into most are issues if you buy a coin, or “set”, and let the seller pick the coins. Always disappointing. In one case they were clearly plated, not just cleaned. Finally, even when buying a coin that has an actual picture (the only way I buy now), the picture is often not representative of what the coin will look like in your hand. LOL. I never buy anything expensive off Ebay for these reasons.
You are missing the option these listings offer to money laundering. If the "seller" and the "buyer" are in a money laundering ring, these listings provide feasible schemes to "clean" a lot of dirty money.
Very true - several folks have made the same observation in the comments. It's possible that some fo these listings are not intended to scam regular buyers, but to essentially log a 'fake' sale for money laundering.
The over price is not exactly a scam especially if the collectors are educated. Ebay has money laundering going. Sell common penny for 1000 dirty money pays it comes out clean other end.
I hate ai descriptions and never read more than two words to see it. Majority of these scam listings are 0-5 feedbacks, sellers registered within the last 2 month and 90% from China. The rest are looking for suckers or maybe idiots who will buy $5 coin for a $1000 🤣
Absolutely - that's one of things I discuss in the video. Look at the reviews and pay attention to how many there are. If there's just one, they might have left that review for themselves, or had someone they know leave it.
Thank you for this video to let people know of the many scams on ebay. A seasoned collector will know the scams but new or novice collectors may not. Your video supplies valuable information. Love your channel.
Thanks so much! If it's helpful for even one person to avoid getting scammed, then it was worth the effort to put the video out there. Thanks!
There's always going to be dishonest people looking to take advantage of you. You just have to do your homework and be informed before you purchase. Its a shame that there are people like that though.
It's really sad that's the kind of world we live in, for sure!
Tip #11 If it is too good to be true...
Yes - very true!!
Damn those scammers ! Thank you James for the helpful info on fake coins. When it comes to coins, it's all in the details.
The scammer on Ebay provided a very colorful description of a shitty fake ffs ! Good eye James ! You helped a lot of collectors with your video. Cheers from Kelowna B.C. ! 🇨🇦
It's crazy to think there are some people who would sink so low!
also check the item location. some of them come from china and they’re all counterfeits
There's plenty of 'Chinese counterfeits' that have made their way into the U.S. market, but I'm with you. The first thing I do is click 'US sellers only'.
I appreciate you bringing awareness to this, especially during a time of the year that most people are buying gifts for people.
A viewer had reached out to me about a questionable listing, and I'd just seen that 1947 "Dot-No-Dot." I know a lot of my viewers will be pretty savvy, but sadly, these types of scam listings exist because lots of folks just don't know. I thought I should post something. Hopefully someone will benefit from the info. Thanks for watching!
Found my first kg5 penny coin roll hunting in central Wisconsin!
Incredible! That's awesome!
Tis the season! Have a happy and blessed holiday!
You, too. Thanks so much for your support and encouragement! Happy holidays, and Happy New Year!
Thanks for sharing this information! Great for new coin collectors, buyer beware.
THANKS FOR ANOTHER GREAT VIDEO, EMILE FROM CT.
Thanks, Emile!!
Good video. Amazing how many of these scam listings are out there. Why can't eBay do more to prevent those?
Now, that's the $64,000 question. I suppose they just don't have the expertise in niche categories to challenge the validity of these types of listings.
The description for the 2nd listing is 100% ai generated, eBay added the feature and it just rewords the info the seller already put in, the seller was just being lazy about his scam.
So funny! That actually crossed my mind... But now, they get even less respect from me (if that was possible, of course), for lacking creativity!
I've been on the receiving end of that, pal. I managed to order from a seller a 1997 Canadian 50-cent piece (or was it a 1998 since IDK when did the RCM introduced the new version of the Arms of Canada for the coin), and I feel like I've been swindled by the seller who was selling that coin as to there weren't any updates from tracking if it's arrived in to my local post office. And I've been waiting for already a year or more! I REALLY got screwed!
That's a real bummer! I haven't had that experience myself, but I've talked to others who've had the same thing happen.
@@CADRollHunter when I talked to the seller about it, I said it's been over six months and I wonder what happened. The seller said, and I quote "well you waited long to message me, I can't do nothing about this now". And I'm like welp, there goes CA$3-4 down the drain (plus shipping expense), and I didn't responde to the seller after.
So that's why I don't trust eBay when it comes to selling these ever again.
Not only are some sellers bad, mail theft is a thing too, I ordered a a silver dime and a nickel dollar one time and it never showed up, I thought it was maybe lost in shipping, then I ordered a bunch of silver dimes again the same week and the enveloped came sliced open, luckily all the dimes were there because he taped them inside a Christmas card, but someone along the way may have figured out I was ordering ding a bunch of coins off eBay every week and was trying to steal them, the envelope was sliced open like he tried to shake the coins out
After that I changed my shipping address to my friend's house so I didn't have coins coming to my house, I am probably safe to switch it back now this was over a year ago
I should have reported it to the post office but I never did, I bet they take mail tampering aeriously
@@digginggopher Oof, pal.
Thank you for this expose. I do buy coins off of eBay, but I generally buy coins from dealers I've bought from previously. I've seen fake coins listed in eBay and I've tried to report the seller to have the listings removed without success. The sellers I don't even consider bidding on are located in China.
The adage, "buyer beware" is not more relevant than eBay. Sounds like you do your research and only buy from reputable dealers with a track record.
There's always an advantage because if you get scammed there's no way you'll get the right item
Nobody wants to get scammed. Always pays to do your homework!
I know what you mean. I've seen some absurdly outlandish coins for sale here with extremely inflated values!
It's almost laughable, but it's sad to think that some people will fall for these...
About the weird description in minute 6: That's an autogenerated description by AI. They are usually full of weird word choices and sometimes infactual informations as well like in this one.
Another warning sign, for sure!!
and they dont do shit about it
I suppose the eBay people themselves have no idea about coins, but some moderators in each of the collectible spaces would be really helpful to clean up the site...
So true and a good point. Buyer beware as usual.
Question for you James. Have you ever seen any fake 'Grading Company' coin packaging ? Like a fake certification from a well known Coin Grading Companies ?? Most collectors might assume it's 'authentic,' if it has been graded. Appreciate your feedback.
I haven't seen any here in Canada (e.g., fake ICCS holders), however this is becoming a real issue in the States with fake PCGS and NGC holders. I'm assuming the coins themselves might well be fakes, as well.
@@CADRollHunter Thankyou for your reply. Have to be careful when buying coins online !
I'm waiting for the CAND show in Hamilton in January. I don't trust eBay at all.
Buying in person is always better, for sure!
when is the next dime or quarter roll hunt?
I've got them here - just need time to go through them! Stay tuned!!
I believe that 1929 penny ad was written by AI. I think that is why there was a KM # that I have seen as lot numbers for private sellers. I looks like AI writing bot looked up other listings to make a description for that sketchy ad.
Definitely AI! Thanks so much for watching!
I found a seller listing pocket change for unbelievable prices. It would seem that he/she/it received a number of messages indicating that the listings were junk. I say that because a subsequent posting's description had a note that said they were entitled to offer what ever they wanted for what ever price they wanted, even if it was inflated. (Or something to that effect.) Anyways, I was later thinking that maybe it was some form of money laundering or illicit method of paying for other things that electronic payments aren't authorized. I don't know if they ever sold any of the listings, but still... A scam in my eyes.
They say a sucker is born every minute. Unfortunately, it seems the same is true for scammers.
I don't like buying coins on the internet because you never know what you're getting. I like to see what I'm getting. Feel it look at it. That's how I buy my stuff in person. 👍👍🙂🇨🇦
I'm right with you on that! And no waiting, and no surprises!
What I run into most are issues if you buy a coin, or “set”, and let the seller pick the coins. Always disappointing. In one case they were clearly plated, not just cleaned. Finally, even when buying a coin that has an actual picture (the only way I buy now), the picture is often not representative of what the coin will look like in your hand. LOL. I never buy anything expensive off Ebay for these reasons.
I agree about the difference between seeing a picture and seeing it hand. It's so different. And they'll always pick the most flattering picture...
Just like art numistatic coins can be used the launder dirty money.
So true. All money is dirty !
You are missing the option these listings offer to money laundering. If the "seller" and the "buyer" are in a money laundering ring, these listings provide feasible schemes to "clean" a lot of dirty money.
Very true - several folks have made the same observation in the comments. It's possible that some fo these listings are not intended to scam regular buyers, but to essentially log a 'fake' sale for money laundering.
$500 for a common penny. And I thought Americans were crooks. Sheesh.
Thank you for an informative video as usual!
But is the shipping free? ;)
Thanks for watching!!
The over price is not exactly a scam especially if the collectors are educated. Ebay has money laundering going. Sell common penny for 1000 dirty money pays it comes out clean other end.
You're right - that's a whole other element. They're buying and selving amongst themselves to launder dirty money.
@@CADRollHunter Yes. Even after Ebay fees and taxes taken out, as long it comes out clean in the end, criminals are willing to pay it.
I hate ai descriptions and never read more than two words to see it. Majority of these scam listings are 0-5 feedbacks, sellers registered within the last 2 month and 90% from China. The rest are looking for suckers or maybe idiots who will buy $5 coin for a $1000 🤣
Yup - stay away from those listings, for sure!
Dear James, the first coin you discuss is offered by someone with 1 review. No one in his right mind would buy there.
Absolutely - that's one of things I discuss in the video. Look at the reviews and pay attention to how many there are. If there's just one, they might have left that review for themselves, or had someone they know leave it.