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<p>[QUOTE="Lehigh96, post: 1907625, member: 15309"]That is the inherent problem on E-Bay. They should be concerned equally about protecting both buyers and sellers. They need both for their business model to exist.</p><p><br /></p><p><br /></p><p><br /></p><p>Where did you get the statistic that the number of graded on coins up 30%? But let's assume that it is true, what kind of coins are you talking about? Every year the US Mint pumps out millions of new coins and every year hundreds of thousands of these coins are graded by NGC & PCGS as part of the registry craze. So it wouldn't surprise me that the total number of graded coins listed on E-Bay has increased. But what about the number of classic (pre 1964) coins listed? What about the total number of sellers?</p><p><br /></p><p>When there is a dispute between a buyer and seller on E-Bay, the goal should be to side with the party who has been wronged, not simply follow a policy that the buyer is always right. That way, anyone who is following the rules, whether buyer or seller, could feel as though E-Bay has their back. Siding with the buyer as a default forces the seller to make a decision. One choice is to stop selling on E-Bay which is bad for buyers and E-Bay. The other is to incorporate the cost of fraud into the price of their coins which is bad for buyers.</p><p><br /></p><p><br /></p><p><br /></p><p>How do you know this guy is a novice? You don't, plain and simple. This could have been a guy who thought that the price was going to go even higher and had the intention of flipping the coin for a profit.</p><p><br /></p><p>Your post clearly illustrates the sickening type of hand holding that is destroying this country. A guy is too much of an idiot to make responsible decisions on his own, so we as a society must protect him. That is complete and total garbage. If someone is going to enter a volatile investment market without requisite knowledge, then they deserve everything the get, unless they are sold a fraudulent product like AAA rated subprime mortgage backed securities. Wish we could have filed a SNAD for them.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1907625, member: 15309"]That is the inherent problem on E-Bay. They should be concerned equally about protecting both buyers and sellers. They need both for their business model to exist. Where did you get the statistic that the number of graded on coins up 30%? But let's assume that it is true, what kind of coins are you talking about? Every year the US Mint pumps out millions of new coins and every year hundreds of thousands of these coins are graded by NGC & PCGS as part of the registry craze. So it wouldn't surprise me that the total number of graded coins listed on E-Bay has increased. But what about the number of classic (pre 1964) coins listed? What about the total number of sellers? When there is a dispute between a buyer and seller on E-Bay, the goal should be to side with the party who has been wronged, not simply follow a policy that the buyer is always right. That way, anyone who is following the rules, whether buyer or seller, could feel as though E-Bay has their back. Siding with the buyer as a default forces the seller to make a decision. One choice is to stop selling on E-Bay which is bad for buyers and E-Bay. The other is to incorporate the cost of fraud into the price of their coins which is bad for buyers. How do you know this guy is a novice? You don't, plain and simple. This could have been a guy who thought that the price was going to go even higher and had the intention of flipping the coin for a profit. Your post clearly illustrates the sickening type of hand holding that is destroying this country. A guy is too much of an idiot to make responsible decisions on his own, so we as a society must protect him. That is complete and total garbage. If someone is going to enter a volatile investment market without requisite knowledge, then they deserve everything the get, unless they are sold a fraudulent product like AAA rated subprime mortgage backed securities. Wish we could have filed a SNAD for them.[/QUOTE]
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