Scam Listings

[porcelain_dolls_by_me]

I have noticed an increased number of very obvious scam listings of late in some of the categories on eBay I follow.

To the experienced eye they are obviously a scam, but it could also be very easilly to get fooled.

For example, 1 oz gold bullion bars with a buy it now price of (say) $2,000 when the spot price of gold is around $2,300 per ounce.

An example yesterday was for  4 units of a (rare) Australian coin token listed at $2,389.  The listing copied the listing heading/wording and photo for the same item listed by a reputable coin dealer at $2,450.

In each of the above examples the listings were by new sellers.

For the benefit of all concerned there need to be a simpler process to alert eBay of these scam listings. - The current reporting processing is not adequate

[twyngwyn]

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@porcelain_dolls_by_me wrote:

I have noticed an increased number of very obvious scam listings of late in some of the categories on eBay I follow.

To the experienced eye they are obviously a scam, but it could also be very easilly to get fooled.

For example, 1 oz gold bullion bars with a buy it now price of (say) $2,000 when the spot price of gold is around $2,300 per ounce.

An example yesterday was for  4 units of a (rare) Australian coin token listed at $2,389.  The listing copied the listing heading/wording and photo for the same item listed by a reputable coin dealer at $2,450.

In each of the above examples the listings were by new sellers.

For the benefit of all concerned there need to be a simpler process to alert eBay of these scam listings. - The current reporting processing is not adequate

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Does the reputable coin dealer know about this? Have you alerted them? They have the 'weight' to do something about it.....all else is speculation...sadly

[davewil1964]

Caveat emptor.

They are looking to sell to ingenues.

Although an ounce of gold might well be because that was the price when listed. Hardly a scam if the seller is going to make a loss over spot prices. Which could well be less next week. Or tomorrow. And still be a reasonable profit on what the seller actually paid.

You're drawing a long, unstrung, bow on this.

Sales down?