Discussion in 'World Coins' started by kolyan760, May 15, 2018 at 2:20 AM.
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HERE IS ONE EXAMPLE , ALL IN PCGS SLABS
Hope you've reported it to PCGS and eBay.
Considering that's a pop 1 coin, and the coin from that cert number looks like this, I'd say yep, it's a pretty obvious fake.
I've reported three of his listings. They all appear to be fakes- none match the cert page images at PCGS. Hopefully eBay will ban him. He'll be back under another username later, of course, but that's how the whack-a-mole game is played.
Their fake slabs are getting better, no obvious differences in font, spacing, etc. Luckily the coins are still easy to spot as modern productions.
Scary stuff, for sure.
Bookmarking this thread so I can be annoying the next time someone says "if you're a beginner, don't buy raw coins, only buy slabbed".
I still don't get this. Short using someone else's name or perhaps under a DBA (more trouble than it would be worth), how do these people keep returning under different names? It's been claimed many times that eBay is very quick to permanently ban wrongdoers, so it would seem that either it's not as easy as some say, or they're not really that tough on such people.
Perhaps this is something that doesn't apply to overseas sellers?
..he's already had 2 and hasn't been on a year yet..
My guess is that it's a simple business decision to not attend to each and every one of the fraudulent sellers/buyers that use their platform and return under other names.
It may just be a simple cost-benefit analysis: If the level of fraud on their site reduces their revenues (fewer bids, scaring away customers, etc) by a only certain acceptable percentage, AND that cost is less than the cost of tackling the problem, then they probably don't bother. And eBay probably doesn't bother banning people with whom they don't have bad business interactions. This seller in the OP is selling a "certified coin," and as long as he/she is paying the fees, shipping on time, follows the other rules and communicates respectfully, it's our word against his...
After posting the question I spent a few minutes googling and was rather surprised to discover much talk from folks trying to get back on to eBay after a suspension or ban. This simply didn't mesh with the idea that people banned can so easily start a new account and go right back to whatever it was that got them booted in the first place. Still, what you're saying does make sense, especially from a business perspective. Thanks again.
A friend of mine was perma banned from ebay. The only way he can start a new account is if it's from a different ip address, linked to a different paypal account and bank account, name, address, the works. These people likely have an inside to some small bank where they can just keep generating new accounts to then set up new paypal accounts and do it under different identities and from different ip addresses. It's a pain in the behind to do for the average person, but quite easy for a well connected ring.
"How would you like $50, if not more for me to use your name and details?"
"Sure if I don't have to do anything"
I reckon 50 dollars is about 3 - 4 days pay in China, if not up to a week. Chinese laws aren't going to do a darn thing. And welcome to a population of 1 billion people. If 0.01% of the people are involved in counterfeits, that still leaves 10 million people. It never ends.
Honestly it's time for buyers to get their act together especially if they've got too much money to waste. If not, commission a 'professional dealer' to buy on their behalf if their intention is to invest. At this point of time, it's never been better to be a professional counterfeiter peddler - sadly.
It’s getting to the point where maybe we all ought to take up stamp collecting.
Stamp collecting isn't any better to be honest - same group of people dealing with all kinds of counterfeit goods. The Chinese monkey stamp is a good example.
How about Budweiser beer steins?
One of the reasons I really like NGC is the fact that for every coin I can do a cert look up and look at NGCs pictures to compare it to. Yes, their photos are great but it allows me to compare the actual coin with NGC and make sure they are at least similar vs different.
Where there is money to be made, anything can be done.
At one stage, Western hotel / fine dining in China had to make sure they smash their expensive empty bottles into pieces as there was a major issue of fraudsters picking out empty bottles, fill it up with cheaper counterparts and recap them. I still think it's still in place.
The wine bottles are genuine but how on earth would one know the content inside especially when you are dealing with 1000+ dollar wine? Unless you are a wine connoisseur and know your wine in and out - an average joe would not be able to know!
I like exotic bullion and want ingots of every metal. Tungsten ingots from china are being openly sold as gold bullion fakes. "Tungsten Alloy Gold Bullion" is the evilest website i've ever seen. They plate the tungsten and sell it as gold bars. All the fakes are located in Xiamen software park. How is the international community ignoring this direct attack on gold reserves!?
Because no one is going to go to war with China especially not over something as dumb as gold, and gold isn't money so they don't care. The gold in national banks doesn't get questioned and it has no impact on them.
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