I know that the unsuspecting buyer can easily be ripped off by fakes or shadey deals on eBay, butthat's not the kind of rip I'm talking about.
I'm referring to seemingly honest auctions on which people are bidding way over the value of the coins.
For instance: A Run of the mill Walking Liberty Bullion Piece, Notice the price! Are the W's already worth that much after only a year? It seems that either someone is being dishonest, someone is willing to pay way more that the value of the item, or I'm missing something. I know the '95 W Proofs are valuable.
Or there's 1919 D Walking Liberty Half
I have a bunch of WL Halves in that condition. I just recently returned to the collecting world after about 10 years, but that guy's grading has to be a bit optimistic, doesn't it? I mean, AU? With that much tarnish and worn that flat? It would seem like whoever buys that is going to be paying way more than it's worth.
I don't know, I could be WAY off here. I wouldn't buy anything from eBay that wasn't junk at spot price, but what do you old pros think of these auctions and others like them?