[GPD45]

I had some time on my hands so I thought I would google any new images of the Hk45CT, my favorite gun, and I came across this:

Hk45CT sold for $157.03 on Guns 4 Pennies............I'm sure it is some type of scam or something.

Anyone else see this site?

 

[Heckla]

My guess it's a scam or something like Quibids which is also a scam/rip-off imo.

 

[Fulliautomatix]

Not really a scam, just a shift of dollars the buyers are paying from one column to another. You're paying for each time you bid up a penny... so while a bunch of people bid a hundred or so times at a $0.01 each time, they had to pay a couple cents/dollars for each bid they placed. So sure, someone paid $157 for the gun, but a bunch of people spent hundreds of dollars to just to bid on it. Typically they will sell you bids in blocks of 50, 100 or more... and you're paying a couple cents to a couple bucks per bid. (The more bids you buy, they cheaper they get on a per $/bid basis)

 

[H7K]

Its another one of these sites that make you buy your bids, then you have to pay the list price if you win. Never done it so I dont know if you really come out the other end with a cheap gun. Not something I'd be willing to try. Remember, theres no free lunch!

 

[Kost]

That true! There is a 'Fast Pennies' car auction site that sells cars like that. This summer in my own town on the news a guy won the auction, and bought a brand new 2011 Mustang GT 5.0 for $546 dollars ... I checked out the sight and 3 weeks before some lucky SOB won the auction and bought a brand new 2011 Camaro SS2[yellow with black stripes] for $5.24!!!!!!!!! Yes, five dollars and 24 cents!! No hidden fees!

 

[TGS]

That true! There is a 'Fast Pennies' car auction site that sells cars like that. This summer in my own town on the news a guy won the auction, and bought a brand new 2011 Mustang GT 5.0 for $546 dollars ... I checked out the sight and 3 weeks before some lucky SOB won the auction and bought a brand new 2011 Camaro SS2[yellow with black stripes] for $5.24!!!!!!!!! Yes, five dollars and 24 cents!! No hidden fees!

When you're paying dollars to buy a one cent bid, it gets real expensive real quick.

 

[fullmann]

I think the whole thing is kind of set up like a raffle.

so if a bid is 25 cents and you only have a dollar, you get 4 bids, but if your bid is pulled, you just won said item for a buck.

 

[III The Chad III]

I think the whole thing is kind of set up like a raffle.

so if a bid is 25 cents and you only have a dollar, you get 4 bids, but if your bid is pulled, you just won said item for a buck.

Kinda. You pay for a block of bids ($29 for 30, $50 for 80, etc) The more bids you buy, the cheaper price you pay per bid. You then use the bids you bought to add $0.01 to any auction on the site. If your bid is the final one, then you pay whatever the bid price is for the gun (i.e. HK45ct for $157.03) Where they make their money is, those bids that added up to $157.03 was actually 15,703 bids (and at $0.50 - $1 a bid they just made a killing). So the winner of the auction just got the gun for $157.03 + the cost of however many bids they used. Hope this makes things a little more clear.

 

[zeker]

I got a headache trying to understand all of this. I think I'll continue to do it the old fashion way and shop for the best price and throw down my money!

 

[SmokeyWhisper]

The "scam" is that a person PAYS TO BID which is how they make the money but can say it sold for cheap where as a normal auction site allows you to bid for free until the auction is closed at which time the highest bidder pays his or her promised price.

 

[mew]

sounds Ponzi like, lots of suckers and one winner,
doesn't seem legal.......

 

[montana_jeepn]

I would be cautious....I blew like $80 doing this and walked away empty handed. Look away from your computer for one second and you get out-bidded.....and someone gets an IPAD 2 for $50. I found it very similiar to gambling....

 

[gtbigup]

Scam? Not quite, the person that came up with this sheit is actually pretty dog-gon smart. Folks that bid on it on the other hand, well its like gambling like montana mentioned. Ya never know hahaha