That's actually a different suit. The one mentioned previously is about counterfeits, and I don't think it's a class action. In fact, I'm wondering how the Rosado suit (the one Rick just posted) is supposed to work, since eBay required everybody to agree to binding arbitration a year or two ago, and I thought that pretty much prevented class actions...?
Many sellers like to say this, but its only technically true, not really true. We have seen many buyers on Ebay way overpay for things. The buyers are the money, without money NOTHING happens, even if you have sellers. So while you must have buyers and sellers, its the huge pool of buyers that is the most valuable. Lots of sites have lots of sellers and no sales. Its the buyers that is the precious commodity online. Maybe another site will dethrone Ebay. I have no love loss for Ebay, so I wouldn't mind it a bit. Its just right now there are certain coins I can only buy on Ebay, and occasionally I do find some great deals there, so I do wander around there.
I'm sure I have not even used eBay this year for coin sales/purchases. I have used them for other categories without any trouble. This includes paper currency. The problems there don't seem to surface as often as they do with coins. (No venue is totally problem free, even non-eBay ones.) I enjoy the personal contact found at shows, with dealers and at the better auction houses, to the point I would not go back to internet coin purchasing; regardless. After 50+ years of collecting, the coins I search for need to be seen in person and not bought off a photograph. Even with return privileges, I no longer buy coins without seeing them.
Ebay figured out long ago what collectors, and sellers, should have figured long ago. It's a simple concept, that being that the one with the money is the one with the power. And when you are buying and selling coins who is the one with the money ? In every single case it is the buyer, so the buyer has all the power, always has had it. So when the one with the money speaks, you better listen. Ebay listened a long time ago.
Well, I do expect (don't always get, though) combined shipping when winning multiple items from the same seller if the items can be packed together. I always offer that myself. I do feel that the seller should be able to submit negative or at least neutral feedback. That said, y'know there are some crazies out there!
I agree with that, thats for sure ... Some get item and check tracking records and if not log by USPS on its way to the Buyer . All finds of fun stuff can happen now, thanks to USPS and the buyer taking advantage I think that calls for a negative feed-back ...
Guys... enough with the coy response of "don't use eBay/fleabay/feebay". It just isn't realistic in today's market and there are legit reasons to be ticked off. eBay is a necessary evil to sell your coins at top dollar and quickly. I do agree it is a flaw of the system and the absolute monopoly that eBay has on online auctions. I would block the bidder and move on.
I'll never understand why people believe feedback actually "means" something, that it can be an indication of good or bad. Feedback is worthless, it always has been and it always will be. Why ? Several reasons, but chief among them is because you, as a reader of this feedback, know less than nothing about the person giving this feedback. Think about that for a minute ! If you are walking down the street and some guy that you've never seen before stops you and says - hey, you should really in that coin shop over there, he's got really good deals ! Are you going to listen to that person and go in that coin shop and buy something ? I'll bet ya money your answer is no of course not. Why ? Because you don't know this person, you have no reason in the world to put any faith or confidence in anything he says to you. So how in the world can you possibly have any faith or confidence in what people who leave feedback on ebay have to say ? You don't know them from Adam ! And yet you are going to think that because they say this guy is good, or bad - that he really is good, or bad ? Really ?????????? Anyone here that thinks that feedback actually means something, please PM me your phone numbers. I have some property in sunny Florida I want to sell you, at a great price !
If I had several random people come up to me telling me to stay away from a place, and they told me the reasons why, I might listen though. The negatives (and a history of negatives) for a buyer starts to paint a good picture.
I'll admit that there are problems with reliance on feedback, but I would not call it worthless. If I feel a coin is borderline based on the photo, feedback can be quite valuable. If there is a lot of feedback saying that the coins sold are unlabeled problem coins or are counterfeits, this would certainly resolve the issue for me against the seller.
When I sell stuff (not only coins) on Ebay I factor everything in. For instance, if I want $100 for something. I figure 10% Ebay fee plus 5% Paypal fee plus shipping (usually $5.00). Then open my sale at that place. Then add 30% for Buy It Now with free shipping. At least I haven't lost anything. Of course Ive had my share of losers to deal with but nothing major. I have been an Ebay member since they started in the late 90's. What I don't like is when sellers try to gouge me on the shipping. In that case I take the shipping cost into consideration when I bid. The other thing I don't like is when I sell something and don't here from the buyer for a week or more (or maybe never). Or I buy something and pay immediately and the seller doesn't send it for 3 or 4 days with no communication. But that is life on Ebay. The few negatives. that I have had, at least I can respond in my defense which is better than nothing.
I completely agree. The whole cop out of if you don't like eBay don't sell/buy on eBay is nearly impossible in this system. The only way I see that the sellers would benifit is through the buyers having to start paying fees and that probably won't happen.
I really don't like the other options at this time. Ebay is it for now until something better comes along.
There are almost 4,000 1878 Morgans listed on Ebay right now. Seems self-destructive to completely deny a market like that, either as a buyer or a seller.
The feedback is not completely useless. In isolated instances, yes, your example is valid IMO. But, if a seller has 300+ feedback and they're all positive, than, IMO, this has some statistical validity. I also check the negatives of the seller. I want to know why people are complaining. If it's slow shipping, than I'm not as worried. But even from only a few negative feedback, you can get a sense of the seller.
I think the feedback for a buyer is important because it takes away the feeling of "I can leave a negative for you, but you can't do the same for me, so you have more to lose than I do and I should get my way" from a buyer who abuses the feedback system. No?