Coin Talk

Heard from someone that a certain buyer scans Ebay for Raw fairly expensive coins that he thinks he can jump grades and one that the seller offers 7+ day returns. Once he gets the coin in hand he takes it to a former grader he knows from a TPG and gets his take. If he agrees that it should/will get a higher grade that moves the coin to "possible hundreds or thousands" in value he keeps it. If not, he returns the coin to the seller. If the seller smells a rat it doesn’t matter as the buyer has protection from Paypal and Ebay. In fact, I know it doesn’t matter whether the seller offers returns or not as the buyer protection covers all auction sales. So, this guy has made a lot of money, I am told- at this.

My vote is scammer; however my contact said that with all the phony stuff on the auction sites it just plain made sense to get it in hand and examine or whatever and after all- most sellers state that no questions are asked on the return basically opening the door wide open for guys like this one.

I thought it would be interesting to see the views of others on this practice.