BAD BEHAVIOR on eBay
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6 posts in this topic

12 posts

Just saw this note on eBay:

https://www.ebay.com/itm/FR-42-1869-2-LEGAL-TENDER-RAINBOW-SUPER-EXTRA-FINE-CONDITION/153720137450

It sold last week on Heritage Auctions for $1050 + 20% buyer's premium:

https://currency.ha.com/itm/large-size/legal-tender-notes/fr-42-2-1869-legal-tender-pmg-very-fine-25/a/141944-85451.s

WARNING: The eBay seller has apparently removed the PMG holder with comment "Seal Redrawn", VF 25. The seller has titled his eBay listing: SUPER EXTRA FINE CONDITION.

It really bothers me that not only has someone destroyed a beautiful PMG holder and erased the effort that a grader has put into their work, but they are also trying to hide details that help us collectors assess the true value of a note!

If anyone else would like to report this listing to eBay it may help reduce this kind of unethical behavior. Just click on the Report link in the listing. I used the category/topics: Listing practices > Search and browse manipulation > Incorrect Item Condition.

The attached image summarizes my findings.
 

PMG Post.png

Edited by jlars
Clarification.

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19 posts

He lost big on this. He only sold it for 974.00. Subtract ebay fees and cost of shipping and he lost at least 200 dollars doing what he did. The reality is that the person that purchased it got an ok deal even if that person has to get it regraded.

Also, this isn't unethical. The PMG grader may have very well undergraded the note and this buyer may have decided to take the chance and sell it and let the new buyer make that call. It is ludicrous to say that PMG is the only authoritative source for determining a grade and that whatever they say is in stone. My suggestion to you is to just relax and let the marketplace do it's thing.

Just sayin.

Edited by Bwspears

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12 posts
On 12/30/2019 at 1:25 PM, Bwspears said:

He lost big on this. He only sold it for 974.00. Subtract ebay fees and cost of shipping and he lost at least 200 dollars doing what he did. The reality is that the person that purchased it got an ok deal even if that person has to get it regraded.

Also, this isn't unethical. The PMG grader may have very well undergraded the note and this buyer may have decided to take the chance and sell it and let the new buyer make that call. It is ludicrous to say that PMG is the only authoritative source for determining a grade and that whatever they say is in stone. My suggestion to you is to just relax and let the marketplace do it's thing.

Just sayin.

"This isn't unethical"? Really? The comment "Seal Redrawn" has been removed. Don't you think a buyer would like to know that? Of course it's unethical. When faced with that kind of behavior, I'm not going to "relax". Sad that you will.

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19 minutes ago, Jhon E Cash said:

I have a gut feeling that this person knew exactly what he was doing.

.Me too. More to the story, when I saw the eBay listing I sent him a message: 

     "I recently saw this note in a PMG holder. Did you remove the note from the holder? If so, why?"

I did not receive a reply.

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