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Ebay article: 7/09 COINage- Faked Out
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<p>[QUOTE="borgovan, post: 626582, member: 13016"]Well, I disagree that 40-50% of eBay's coins are counterfeit. I'd be very interested to know where the fellow came up with that figure. I would say it's less than 10%; probably much less.</p><p> </p><p>I have no problem buying coins from eBay. Am I going to buy raw trade dollars? Of course not. But there are plenty of good coins there for good prices, and I continue to shop on eBay.</p><p> </p><p>I refuse to sell on eBay, as it doesn't make good business sense, given their confiscatory fee structure and seller-penalizing policies. I used to sell there quite a bit, but I quit quite some time ago.</p><p> </p><p>For an educated buyer, though? Great prices can still be had. </p><p> </p><p>As far as the legality or illegality of eBay's actions? I'm not a lawyer, but I would say that it's 100% certain to any reasonable individual that eBay is providing a venue for the sale of counterfeit merchandise. Since counterfeit coins are explicitly illegal, and since eBay is not taking sufficient positive measures to prevent the sale; and furthermore, since they are profiting from the sale of counterfeit coins; then they are complicit in the sale. They're not actually completing the transaction, but they're profiting from it.</p><p> </p><p>I can't lease my living room to people who want to sell illegal narcotics, and charge them a 15% fee for doing so. Sure, I'm not actually selling the drugs, but I'm profiting from an illegal activity. That's a no-no.[/QUOTE]</p><p><br /></p>
[QUOTE="borgovan, post: 626582, member: 13016"]Well, I disagree that 40-50% of eBay's coins are counterfeit. I'd be very interested to know where the fellow came up with that figure. I would say it's less than 10%; probably much less. I have no problem buying coins from eBay. Am I going to buy raw trade dollars? Of course not. But there are plenty of good coins there for good prices, and I continue to shop on eBay. I refuse to sell on eBay, as it doesn't make good business sense, given their confiscatory fee structure and seller-penalizing policies. I used to sell there quite a bit, but I quit quite some time ago. For an educated buyer, though? Great prices can still be had. As far as the legality or illegality of eBay's actions? I'm not a lawyer, but I would say that it's 100% certain to any reasonable individual that eBay is providing a venue for the sale of counterfeit merchandise. Since counterfeit coins are explicitly illegal, and since eBay is not taking sufficient positive measures to prevent the sale; and furthermore, since they are profiting from the sale of counterfeit coins; then they are complicit in the sale. They're not actually completing the transaction, but they're profiting from it. I can't lease my living room to people who want to sell illegal narcotics, and charge them a 15% fee for doing so. Sure, I'm not actually selling the drugs, but I'm profiting from an illegal activity. That's a no-no.[/QUOTE]
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