I suggest putting these guys on your block list........Or you can mess with them:devil: http://cgi.ebay.com/5-US-Seated-Lib..._Individual&hash=item35b2141bba#ht_1698wt_895
This is the Ebay account of the individuals that rent out hotel rooms and buy your gold and silver coins for pennies
This is the ebay store for the Hotel Coin buyers Dont tell this guy but I think Ebay has more than 5-6000 collectors! http://www.youtube.com/watch?v=1Sv6O5C_Bwc&feature=fvst
I'm sure we understand that. What is not making sense is why add them to the blocklist or mess with them? Are they engaging in illegal practices? Falsely advertising on eBay? Not good sellers? Don't play poker? Refuse to eat at Subway?
Not my coins , Knowledge is power . But we do have to look out for all the grandmas and noncollectors that fall for these con artists .
Jeeze, everybody does that ! I mean I went to the "Pawn Stars" shop that's shown on TV and I was told the buy price for Silver was 6 times face. When I checked coinflation that same afternoon Silver value was 27.38 Likie these guys say, "This is a business, we're here to make money". LOL But, gold and silver buyers aren't any worse than used car dealers. IMHO
I think the point is that we shouldn't condone their unethical purchase practices by purchasing from them. Buying from them, in effect, makes us complicit in their fraudulent practices.
I hear ya Merc... I read that thread thread also, but I can't understand how, if you're the seller, the buyer can be accused of fraud just because he doesn't offer fair market value. Unethical? Probably... praying on the desperate or uneducated. But if I want to sell a coin (or any item for that matter), and "Joe Buyer" offers me "pennies" on the dollar... well, that's my problem if I sell it for that. No one is twisting my arm. Definitely NOT fraud.
I think it is fraud. I think that telling someone that their coins are "worth" a value much less than their actual value is deceit. The story linked above mentions that they sometime slip up and use the word "worth" as opposed to "our offer is". Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual