Thread: guns 4 pennies
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Old 01-09-2012, 09:15 AM   #9
ampaterry
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Default Re: guns 4 pennies

I did a decent search on this outfit, and found ONE person that was happy with the gun he bought through them, even though it took him several months to actually get it; he credits the DEALER with his pleasant experience, not the guns4pennies site.

It seems that just about every firearms site on the internet has discussed them, and ALL agree they are a scam, just like all the penny auction sites.

Just think about it -
You buy the right to place 1000 bids, and pay $680 bucks for them.
You find a gun you are interested in, and raise the bid by one penny 500 times, and end up the winner at $65.18.
You send the dealer $65.18, and he sends you the gun.
Your 500 bids had already cost you $340, so the total cost of the gun was $405.18, which you are happy with.

Same scenario, except someone bids one cent more than you did, and you do NOT get the gun. You don't have to pay the $65.18 for the gun, of course, but you DID spend $340 for the 500 bids you bought and used!

And the winning bid of $65.19 shows there were 6,519 bids total on the piece, which at the cheapest price of 68 cents each brought in $4,432.19 to the auction site.
They split this with the dealer who sold the gun for $65.19, which means he got $2,281.65 for the gun, and the scam auction site got 2,216.46 for providing the 'service'.
And those are the CHEAPEST bids available!

Interesting side note -
The BBB has no record of them at all.
But they do have a record of a "pennies 4 guns" in Beaumont, TX - no complaints, no reports.
Is anyone here in Beaumont able to verify if this is a legit company and just a coincidence?
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