Penny Gun Auctions
For anyone that thinks they're going to get a great deal on one of these sites, consider this:
Examples of just what you "get" on some of these "deals"......
Lets say you're bidding on a SOG TF-7 knife at suchandsuchpennyscammers.com and it's got a reserve of .65c; seems like a darn fair and cheap price...... well, 65 bids to get there, so at the cheapest bids possible ( .68c), that equals $44.20 in bids, plus your bid amount of .65, plus shipping. So you end up right around $50 even if you win it for the lowest amount. Let's say it goes up to $2.25 for the knife, not a bad price to pay at all you think. So long as you've only put in a few bids, that's not bad. But think of what the seller is making on this deal.
2.25 = 225 bids, so a minimum of $153.00 is going into their pockets. Those that lost out on the auction, GET THIS>>>>>, can "not lose their bid fees" by applying them to the retail price and buying the item now........... OOOHHHHHH what a DEAL YOU SAY !!!!! So if I used 40 bids and didn't get the item in auction, I could apply that $27 twoards the retail price and "not lose it", so you end up paying $120+ for the knife in order to not lose your bid$$................ I'm going explain this very simply to anyone that thinks these auctions are worth even putting in one bid on............
YOU CAN BUY THE KNIFE ONLINE AT MULTIPLE PLACES FOR UNDER $50 SHIPPED !!!!!!
So, meanwhile, these auction site are racking in the $$$$ at waaaaay more than retail at who's expense???????????
the dummies that bid on them !
DON'T PLACE A SINGLE BID AT ANY PENNY AUCTION SCAM SITE. IT MAY BE LEGAL (for now), BUT IT SURE AS HELL AIN'T MORAL OR ETHICAL.
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