guns 4 pennies

[CSA95]

has anybody used this site before and is there some sort of catch to it? also how are the firearms so cheap?

[jack404]

simple answer , they aint ..

this is s stooge suction as we call em here in OZ

you buy your bid, if you bid 1 cent cool , but to buy that 1 cent may cost you $8

from there terms page

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Guns4Pennies is an online Pay Per Bid Auctioneer. We allow you to purchase bid packages in order to participate in a bidding fee auctions. Upon the successful completion of an auction the winner is entitled to purchase the item directly from the seller/FFL Dealer for the auction price plus shipping and handling. At no time does Guns4Pennies participate in the purchase of, take payment for, takes possession of, or transfers any of the auctioned items. We are only acting as the auctioneer, verifying the item is paid for and making sure the auction winner receives the item. We follow all Federal, state, and local laws in reference to all firearms laws. Users by logging in accept all Terms and Conditions and Privacy Policy of Guns 4 Pennies. Customer service requests or disputes are responded to within two working days

Purchasing Bids / Bonus Bids

Rights to bid in an auction ("bids") must be paid for by users prior to online bidding. Bids can be purchased in packages ("Bid Packs") at the prices in force at the time of purchase. Unexpired bids, from a Bid Pack or otherwise are not refundable. No partial refund of gift certificates or Bid Packs.

Payment can be made by credit / debit card, online check or via payment agents. Should a payment not be honored by a user, a returned payment fee of $35.00 will be charged to the user. Certain bids (e.g. some "Bonus Bids") are valid only for a limited time. Upon expiration of the time stated, the bids expire and no refund is available.



How to Place a Bid

Users can bid in two ways online. Bids can be placed by physically clicking on the bid buttons, or can be placed automatically using the Bid Butlers application. Once a bid is placed, it is deducted from the user's bid account.

The Bid Butlers allows bidding on an auction even if they are not online at that time. The Bid Butlers automatically submits bids according to the specifications set in advance by the user. The user is prohibited from using bidding software not authorized by Guns4Pennies. Doing so will constitute a Breach subjecting the user to immediate disqualification.


How An Auction Works

With each bid placed the price of the item on which the user is bidding increases by the amount designated on the Website by Guns4Pennies. A bid submitted by the user conveys the willingness of the user to enter into a binding contract with Guns4Pennies for the item offered at the price of that bid. In the event that bid is the last bid made at the end of an auction, the bid constitutes a binding contract with Guns4Pennies to purchase the item from the seller / FFL dealer of the auction at the bid price and under the conditions set out in the pages which provide the details for each specific auction.

Each new bid placed resets the "countdown timer" which displays the time remaining in the auction. The auction ends when the remaining time reaches zero. The user who was the last to bid then wins the auction. All other bids on the item expire and, as indicated, are non-refundable. The last bidder is determined according to the records in Guns4Pennies database. Guns4Pennies determination of the last bidder shall be final (save in the case of manifest error).

We would like to advise all users to monitor their bidding practices. Placing bids online at www.Guns4Pennies.com frequently or repeatedly can incur high costs. Users should therefore pay attention to their bidding practices and check their charges regularly.

see ??

its not just the selling price in the auction but the fee's and levies they charge you , thats is split with the seller and it has the potential to cost way more than other auctions as to calculate a defined total is so hard to do . you spend more thinking you paid X but then there Y and Z and back to A ....

[carver]

There just ain't no free rides! If it looks to good to be true, it probably isn't!

[CSA95]

thanks for the info

[Jim K]

Everybody sells guns for pennies. I bought a gun last month that cost me 53,529 pennies.

Jim

[jack404]

i had a guy buy a rifle off me in 5 and 10 cent pieces, honest!!!

$600 worth

[Rhuga]

Bring back the days of the good old Saturday Night Special. If we could, maybe we could get the prices of the good guns down into reality from competition. I think that it was the big gun makers that did this with some false propaganda, cuz their greedy SOBs too. Of course, we also need to have Congress and Obama lower the taxes on tobacco and firearms.

[ampaterry]

Wow, what a scam!!

Carver is right - there ain't no free lunch!

I remember some years ago a friend at work gave me the web address of a place that gave 100% rebates on purchases from their on-line store. They handled all kinds of electronics, and the listed prices were WAY above normal retail. I told him I did not believe this could be legit, but he said he knew guys that had bought stuff from them, and about four weeks later they would get their full purchase price back in the mail!
Being sold on the above addage, I bought nothing from them, but this guy and several others at work did. They paid well over retail for a bunch of stuff, then waited for their 100% refund.
Then one day the web-site ceased to be on the net.
Then we read about it in the news - the outfit was a Ponzi scheme, using money from the excess prices paid by new purchasers to give the 100% refunds to the older purchasers until they had a very large 'float' of people who overpaid for the merchandise, then they took the money and skipped - -
My friends at work all got the merchandise, but never got the refunds. They paid about 50% OVER what they could have bought their items for elsewhere, all because they wanted to get them free.

I will stick to Amazon, Sam's Club, and other businesses I KNOW who charge a fair price for quality merchandise.

[ampaterry]

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?

[ampaterry]

I also think that a bunch of Guns & Ammo subscribers need to contact them and complain about their accepting advertising for a scam like this -

[ampaterry]

I moved this from the Technical info forum because I believe it needs to be widely circulated - -

[bamajoey]

Best thing to do if you want to buy a gun is find a reputable dealer and make a purchase. Like some one has already said "if it sounds too good to be true, it probably is"

[jack404]

this sort of auction was started in new zealand which quickly made these sites illegal , then they came to Australia and now they have spread ..

buyers beware , if its seem to good to be true it probably is

look for the hook

and be safe folks

I ran into pennies4guns.com as well. A guy won a Judge and a Mossy 500 JIC he got both quickly and then the site folded up and the 10 people who won other guns never got them.

[jack404]

theres been some bad stories here about folks using the penny auction system

lot's , paying for the privilege of not winning can add up fast

i've mates who have ended up donating $100 or more before catching on ..

then try getting a refund on the bid packages .. read the T's and C's (if they actually publish it all , many insist you become a member first , there by ensuring you agree to the terms and conditions , which is mainly about indemnifying them .. )

worst part i found is you join , you leave you get added to the mailing lists folks sell to casino and worse spam .. my inbox is full of it .. as if the jihadi death threats aint hard enough to sort .. at least some of them are entertaining , i really gotta post a "best of" jihidist death threats eh ..

i'm not joining any more to find out , if they dont publish everything , i dont wish to know and will say the same to all who ask ..

it may be 100% legal , but that dont make it honest .. or needed to be "allowed"

[woolleyworm]

Originally Posted by jack404

it may be 100% legal , but that dont make it honest .. or needed to be "allowed"

Now, if only the gov't and corporate America would grasp hold of that moral concept............... well, it was a nice thought.....

[woolleyworm]

The way they rig these penny auctions ensures that the "house" is never going to be out much if any. If smoke and mirrors are something that you like, then by all means have yourself a very spendy time on these penny auction site; otherwise, you will spend much less in the long run elsewhere. The "resetting" timer feature is another gimmick that just runs up the bidding and exhorbenant profits for the "house" too.

[woolleyworm]

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.

[woolleyworm]

my reason to bid on anything from these type sites is if I have free bids and there's not many registed bidders yet. The first few no reserve items on the site are about the only ones that will actually be a "good deal". Once the sheeple get to bidding, it's just a crap-shoot, literally.
Beware though, it's an addiction and some people think they actually have a shot at winning on these auctions.

If anyone thinks differently of my smoke and mirrors view, I'd love to find out more and see if I'm missing something here.

So your telling everyone not to bid then you turn around and talk about how you bid on them sites. Hummmmmmm sounds fishy to me.

I'm not tracking how it is immoral?

They post the terms and conditions and you have to agree to them when you sign up. If you don't understand them or you agree to them it hour reading that is your fault.

Same thing as people buying a house that is 3 times what they can afford and and doing an arm loan so they can. No one forced them to sign up no one forced them to bid 65 times. And buy a $10 knife for $75. Everyone makes choices in life some people just are not as good at them as others.

[woolleyworm]

Originally Posted by cpttango30

So your telling everyone not to bid then you turn around and talk about how you bid on them sites. Hummmmmmm sounds fishy to me. I have never placed a bid on any of these sites, but if they give away free bids and we had a group of people get together to use up all the free bids, then I don't see an issue using free bids to stick them at their own game.

I'm not tracking how it is immoral? I think it's immoral based upon the deception and tactics that they use. They set-up their sites to take advantage of people.

They post the terms and conditions and you have to agree to them when you sign up. If you don't understand them or you agree to them it hour reading that is your fault.

Same thing as people buying a house that is 3 times what they can afford and and doing an arm loan so they can. No one forced them to sign up no one forced them to bid 65 times. And buy a $10 knife for $75. Everyone makes choices in life some people just are not as good at them as others.

So, by this logic, if I wanted to run a Ponzi scheme, then it should be ok then, I'm not forcing anyone to put their money in; I'm just benefitting by taking advantage of their greed right?

[jack404]

hey i can make a buck writing product reviews on crap shooting gear , folks then buy the stuff and find out is not what i said, not my hassls and if someone slanders me i'll sue eh?

pass .. and why not tell somneone theres a hole in the road ahead , a scam you know of to avoid , or dont go here or there for whatever reason

let's not help our fellow man eh ? let's just let it all slide by .. screw the other guy yeah? i'm ok ...

and here is why the world is going down the tube

i dont mean to single anyone out by this , but i see it becoming more and more common everywhere , personally i hate it but thats what society is becoming

To me they don't hide anything.

By using the web site you agree to everything in this document.


Nothing hidden here. They claim to be an online PAY PER BID auction site.


Here they explain that you have to PURCHASE bids.


Here they tell you exactly how the auction works.


I use you as a general term meaning anyone and not one specific person.

So they are not hiding a single thing from you. You just failed to read. If you fail to read the terms and just click the box like 99.999999999% of the peoplez on the interwebz. Well you deserve what you get. How can you not figure out that you can't truly get a FN SLP for 3 cents. Just like at qbids, you can't really get a macbook pro laptop for $1. That is a $2k+ laptop.

With this website (guns4pennies.com) as soon as you log in you are meet with a screen asking you to BUY a BID PACKAGE. How can someone not figure out that you have to pay per bid?

I personally don't see it as immoral just because you have to pay to bid on something. People set them up to make money and that is what they are doing.

As for you claiming that I am all for running a ponzi scheme not sure where you get that. In a ponzi you are hiding the fact that you are using money paid into by me to pay someone else back. You are willfully scamming someone. Because if someone knows they are being scammed they will more than likely not get involved with it.

Again with the mortgage. I am by far no investment banker and I figured out that an ARM or an interest only loan were BAD investments. Really all you had to do was look on line for 30 seconds. It is no ones fault but, the person who signs on the dotted line for getting screwed in that deal.

Same can also be said about ebay. I see people on ebay charging $300 shipping on an item that cost $300 then they list the item at 1 cent. Then some yahoo comes in and bids that item up to $400 because they want it so bad.

You can't regulate stupidity. People are stupid and people are greedy.

I will even admin when I seen the first commercial for qbids.com I was at the site before the commercial was over. It took 30 seconds to figure out that you had to pay for the bids then pay for the item when you won.

In my arguments offered here I am in no way expressing that I agree with what they are doing. I don't use sites like this nor would I. Nor would I encourage anyone to use these sites.

[ampaterry]

Back in the 60's, there were a LOT of places selling lists of military surplus gear. Their ads gave examples like brand new Jeeps for $200. The fine print said all such were subject to availability. So you paid for the service, then started getting lists of the surplus that was REALLY for sale. No brand new jeeps for $200, but you could buy a total scrap deuce and a half for $2000 plus shipping from American Somoa.
Legal? Sure.
Ethical? No way.

[Bobitis]

I dunno about guns fer pennies, but I did check out the On Target site.

Seems really convoluted to me.

Near as I can tell, ya can get a penny fer a buck. So every time ya bid, yer betting a buck. Are people really that stoopid?

Then they got this automated bidding system. Supposedly, ya can bet while yer away. So, if 100 bidders all have this 'option', and they all wait till the last few seconds to bid; the 'option' can rack up thousands of bids in a matter of seconds?
And the site reserves the right to pick the winner?

Then of course, no other 'optional' bidding software is allowed?

Stinks like scam to me.

Caveat emptor.