Discussion in 'Coin Chat' started by princeofwaldo, May 26, 2020.
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MOST of the time.
"eBay treasure hunting" was a big part of how I got back into the hobby. Yep, I got some garbage. But there really are folks out there who don't know and don't care what's in the pile, and will either sell it at a good BIN price, or auction it without exaggerated claims, and with photos that most people will skip right past.
1. An order was not delivered. Tracking showed no progress. Dealer refunded. And I've dealt with him satisfactorily since.
2. An order was delivered -- somewhere else. That's was USPS problem, not eBay's.
I've sold some coins on eBay.
No problems encountered.
My main complaint about buying from eBay is the images that sellers post.
You very often have no reasonable clue as to what their coin actually looks like.
-- There's the famous dark disc.
-- There's the well known small disc on a large background.
-- Even if you get an image of a good size, often focus or lighting is a problem.
-- And a one-sided coin is not unusual.
These are not really the fault of eBay.
As long as at least one dimension of the images is 500+ pixels eBay says it's a go.
And the poor images are done by large, knowledgeable sellers as often as by newbies.
And I practice strict CYA.
If I can't see what I'm looking for in an image, I skip the listing.
If the seller's feedback is below 98%, I skip the listing.
(EXCEPTION: A seller with 50-100 feedbacks and only one negative.)
(EXCEPTION: A seller with 500+ feedbacks and over 98%.)
And there are any number of other "red flags" that will cause me to skip a listing.
Overall, if you practice intelligent buying and selling, eBay is a good place to shop.
I agree that sellers have taken a beating on more than their share of disputes.
Where are the other venues?
Stack's? No way. There is very few coins listed on eBay that they would be interested in.
Heritage? Nope. They are only one small step down from Stack's.
Great Collections? Not them either. They are only one step down from Heritage.
So where are these other venues, particularly ones that can profit from a lot of the low end material that makes up a high percentage of eBay's listings.?
I've had pretty good luck with Stack's. My only complaint about all of the large auction houses is the wait for settlement, --should be more like 14 to 21 days instead of 45. If that means they need to more thoroughly vet their bidders or require them to provide a credit card, then so be it.
Agree with the earlier observation that eBay now caters primarily to the bottom feeders, which is a real shame. At one time, there were some decent coins to be had for anyone who regularly visited the site, most sold in no reserve auctions with low starting bids. The fee structure encouraged it. Now days, the fee structure provides only one incentive, to list as much junk as possible at buy-it-now prices only an imbecile would pay.
And if you try to sell bullion related gold coins in no reserve auctions, plan on being out the coin and with funds frozen indefinitely in your PayPal account after the buyer claims first that it is fake, then claims it is cleaned, then claims it has been mounted, all in an effort to get eBay to void the no return policy in the auction, which eBay gladly voids. And when the buyer never mails the coin back and the funds remain frozen, you can plan on spending a month of Sundays to resolve it all.
I like the idea of a forum for Ebay related topics. Ebay is by far the biggest marketplace for buying and selling coins. I would not have much of a collection without Ebay. I'd like to know the annual volume of coins sold on Ebay, it's gotta be huge.
If eBay is your primary source for coins, you must have one heck of a collection, no question about that. It must be the most awesome collection ever assembled!
While you're almost certainly being sarcastic yes serafino probably would. eBay has the biggest selection by far especially for world coins assuming you aren't looking for 5 figure plus coins.
There's plenty to complain about eBay on the selling side, but buying selection so far isn't a complaint. That may change if they chase too many sellers off but that hasn't happened yet
Snotty, sarcastic remark duly noted
"eBay said it was notified in August 2019 about the alleged conduct of its employees and launched a “comprehensive investigation.” All of the employees involved were fired in September 2019."
Sounds to me like it is incomplete in several ways, and as mentioned in the article
“The internal investigation found that, while Mr. Wenig’s communications were inappropriate, there was no evidence that he knew in advance about or authorized the actions that were later directed toward the blogger and her husband. However, as the company previously announced, there were a number of considerations leading to his departure from the company,” eBay said.
I may be an exception, but I have not had any trouble with Ebay. A few customers, but not the company and that includes several hundred from foreign dealers. My suspicion is that the blogger and these specific people had an personal interaction and conflict that escalated.
You can check @Peter T Davis for sure, but I am fairly certain the forum does not want to get involved. Some people have complaints and post in general discussion forum.
Incomplete in what way? They handed down 6 indictments in Federal court, with two other higher executive indictments possibly to follow. It was a multi-departmental conspiracy at eBay that reflects the culture they operate in. You can be an apologist for them if you like, but to the extent it illuminates who you are dealing with when selling coins on eBay (hence the post on the Coin Chat forum), it's worthy of discussion here.
YES!! I agree completely. Same held true for sellers at the time, it was a much better experience overall. It cost nothing to sell there, though at the time eBay still had very low rates as well.
For items like bullion related material, Yahoo was hands-down superior to using eBay even when eBay was only charging 2% and allowing sellers to demand any payment method they wanted.
Unfortunately, once Yahoo eliminated their auction platform (and I have never heard why, perhaps some suitcases full of cash passed under the table??) it wasn't long before eBay jacked-up all of their fees by up to 500% and required the use of PayPal exclusively for payment.
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