Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Pennies 4 guns?

Discussion in 'General Gun Discussions' started by winchester '97, Mar 31, 2011.

Thread Status:
Not open for further replies.
  1. winchester '97

    winchester '97 Member

    Joined:
    May 20, 2009
    Messages:
    306
    Just saw an ad for this site here on THR, and I'm quite curious, just how big a scam is this?

    www.Pennies4guns.com
     
  2. kalash

    kalash Member

    Joined:
    Nov 21, 2007
    Messages:
    62
    Ok, let me break it down this way.

    Its called a penny auction, now I have not looked at the cost of the bids but lets just say the bids are .50 cent each.

    How this works if you "pay" for bids. You buy a lot for X amount. If each bid costs .50 cents (each bid placed is only for .01) and say a $500 rifle sells for $100 that means that 10000 bids were placed. They made $5100 to sell a $500 for $100.

    Take in to mind that these numbers are not "correct" but it will give you a idea of how it works.
     
    Last edited: Mar 31, 2011
  3. BeerSleeper

    BeerSleeper Member

    Joined:
    Mar 24, 2010
    Messages:
    688
    It looks like some other auction site I've seen before. I think they charge you so much per bid, and you can only bid is such ridiculous low increments. I don't know if it's actually a scam, but I think it's definitely a racket.
     
  4. justin 561

    justin 561 Member

    Joined:
    Apr 28, 2008
    Messages:
    504
    Location:
    Royal palm beach, Florida
    This was discussed about a week ago. You'll find it HERE
     
  5. TexasRifleman

    TexasRifleman Moderator Emeritus

    Joined:
    Feb 16, 2003
    Messages:
    18,302
    Location:
    Ft. Worth
    Yes, discussed already.
     
Thread Status:
Not open for further replies.

Share This Page