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Ebay seller relists known counterfeit coin
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<p>[QUOTE="vegasvic, post: 428638, member: 15296"]If I ran Ebay, I guess I would hold the sellers to a higher standard from those countries. Using an escrow service, whether internal to Ebay or an external company who would verify the authenticity of the coins before handing over payment. I realize this would put the foreign sellers at a disadvantage as the escrow service would not be free by any means. However, that is something they would have to work through while improving their reputation. Perhaps once the counterfeit rate dropped significantly it could turn into an occasional spot check of merchandise. Some checks would be random computer generated and others would be automatic depending on the seller's reputation. It wouldn't fix it overnight or completely, but they (Ebay) need to concentrate the majority of their efforts where the majority of the problems lie. Right now they are wasting their efforts domestically while the vast majority of their problems lie overseas. Not that the domestic counterfeiters should be ignored by any means, but they need to expand foreigners, perhaps enlisting the help of Customs, the Secret Service and the Post Office. By the way counterfeiting is under the jurisdiction of the Secret Service, not the mint. The mint's job ends when the coins are delivered to the Federal Reserve Banks. I admit I'm far from having all the answers but they have a lot of work to do and in my opinion are doing nothing to solve it.</p><p>Vegas Vic[/QUOTE]</p><p><br /></p>
[QUOTE="vegasvic, post: 428638, member: 15296"]If I ran Ebay, I guess I would hold the sellers to a higher standard from those countries. Using an escrow service, whether internal to Ebay or an external company who would verify the authenticity of the coins before handing over payment. I realize this would put the foreign sellers at a disadvantage as the escrow service would not be free by any means. However, that is something they would have to work through while improving their reputation. Perhaps once the counterfeit rate dropped significantly it could turn into an occasional spot check of merchandise. Some checks would be random computer generated and others would be automatic depending on the seller's reputation. It wouldn't fix it overnight or completely, but they (Ebay) need to concentrate the majority of their efforts where the majority of the problems lie. Right now they are wasting their efforts domestically while the vast majority of their problems lie overseas. Not that the domestic counterfeiters should be ignored by any means, but they need to expand foreigners, perhaps enlisting the help of Customs, the Secret Service and the Post Office. By the way counterfeiting is under the jurisdiction of the Secret Service, not the mint. The mint's job ends when the coins are delivered to the Federal Reserve Banks. I admit I'm far from having all the answers but they have a lot of work to do and in my opinion are doing nothing to solve it. Vegas Vic[/QUOTE]
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