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<p>[QUOTE="hasaconscience, post: 1464828, member: 38617"]<b>eBay</b></p><p><br /></p><p>Yes, I believe that they are thieves, not a doubt. And Matt Enright will continue to try to spin everything in a positive light - even now, some of what he says is laughable. He stated that THR "didn't know" why their PNC bank account was closed and all the checks bounced. What he didn't mention is that PNC arranged a meeting with Jeff & the bankers, to try to figure out how to work out the account problems, and Jeff blew them off and refused to go. The bank then refused to pay those 4,000 checks. </p><p><br /></p><p>Jeff Parsons is at best a megalomaniac, and at worst, a sociopath. I think the best quote I ever heard out of anyone in that organization was in regards to Mr. Parsons and his two associates, the DeLong brothers. The quote was from a fellow employee in upper management, and in regards to the triumvirate, said "I don't think there's a GED between them..." This business wasn't run on savvy, or smarts - or even with an eye to sustaining it into the future. It was run PURELY on greed - Jeff likes money. ALL the money. </p><p><br /></p><p>In regards to eBay. </p><p><br /></p><p><br /></p><p>Jeffb - Don't feel bad. If you had not published their eBay IDs, I would have. In fact, they had every coinsantiques ID from 10 - 21. So, coinsantiques.10, coinsantiques.11, etc.... They switched them around and would use different IDs at different times, and changed the account names on a couple of occasions. The "coinsantiques.13" ID is now "buyselltrade.1". </p><p><br /></p><p>It is rumored that eBay shut their accounts down when the news of the bounced checks hit national media. Too much liability. I don't know this as a fact, but it makes some sense. There were weekly calls with the company's eBay representatives, so eBay was in the loop with the business dealings - but again, if eBay had closed the accounts, I think that they would have become "NARU" (Not A Registered User) and they appear to be live accounts, still. I do know that everyone who worked in the eBay and shipping departments was laid off. I've been anticipating the end of his eBay department for some time, the quality of what he was selling on eBay had degraded so much - he was selling a tiny fraction of the numismatics he used to sell - it was mostly garbage, so he may have cut the eBay department loose to save on payroll. Lots of payroll checks bounced that last week, so that could very well be the reason. Hard to tell. </p><p><br /></p><p><br /></p><p>The reason they stopped laying out the lots of 200 nickels was because it took too much TIME. The eBay employees were paid a flat rate per hour, until they reached X number of auctions per week (it used to be 200), and then they were paid a bonus of $2.50 per auction listed in excess of 200. (This may have changed since I left, but it's the way it used to be). So there was a lot of motivation to list as many as possible, and laying out 200 nickels just took too long. Additionally, there were customers who would accuse THR of swapping coins, especially on the nickel lots, so they stopped lining them up. </p><p><br /></p><p>You would find Key dates in with unsearched lots because there was no time to have someone search all of the coinage they received for key dates, and the eBay listers were basically trained monkeys. Most of them did not know a key date from a slug. They just listed what was there. The 'Unknown Metal Content" was for rounds that were not marked. Sometimes they'd be silver, sometimes plated, but THR never took the time to find out before listing them. </p><p><br /></p><p>They used to sell tons of gold on eBay, and lots of fakes in the gold. They would just claim ignorance, even if a lister brought them something that was suspicious. Jeff's son was running the eBay and "processing" side of the business, and while he was a nice enough guy, again, he's not very smart. Oh, and trade dollars. I don't think I EVER saw a legitimate trade dollar while I was there, but they sold tons of them. I don't know why they couldn't teach their buyers to simply weigh the trade dollars, but they didn't, and bought a lot of fakes. Jeff tried to sell fake Rolex watches on eBay, but eBay wouldn't let him. Almost all the gold was going to melt by the time I left. So were the Peace dollars, morgan dollars, Walking lib halves, well, just about anything that was 90%. At one point they were shipping truckloads of antiques and pocket watches to Heritage in Texas. Don't know if they are still doing that or not, but they were getting advances from Heritage and at least one local gold shop every week - they ALWAYS were operating in a deficit, and CONSTANTLY borrowed against future sales. JeffB - when did you start buying from them? Before I left, the quality and variety of the coins they were listing was MUCH MUCH better than it was about the time they changed the account names to the "coinsantiques" names. Did you ever buy from the accounts before they changed the names? The prior names were based on Shakespearean characters, I don't remember them exactly, but there was Feste.217, Iago, Apollo, Cressida, all followed by a number, and several more that I cannot remember. They also had a half dozen accounts that sold antiques that were named after presidents. They sold some good stuff back then - lots of gold, lots of 90% - the vast majority of that goes to (or went to, they may have depleted their stash) melt now. They had moved to listing a lot of broken watches and costume jewelry during the last 6 months or so, from what I could tell. They must have been throwing some coins in too, to keep the buyers coming back and looking. </p><p><br /></p><p>So yeah. Unethical organization. Definite thieving, lots of VERY POOR business decisions. Jeff didn't run this business so that it would stand the test of time. It was more of a smash and grab - get as much of the money as you can as fast as you can, then cut your losses and walk away. He's done it before, but it looks like it might be a little more difficult for him to walk away from this one unscathed. I'd love to know if they are still conducting shows in hotels, and if so, under what name. They announced that they were going to take a week off - I wonder if they ever came back from that.[/QUOTE]</p><p><br /></p>
[QUOTE="hasaconscience, post: 1464828, member: 38617"][b]eBay[/b] Yes, I believe that they are thieves, not a doubt. And Matt Enright will continue to try to spin everything in a positive light - even now, some of what he says is laughable. He stated that THR "didn't know" why their PNC bank account was closed and all the checks bounced. What he didn't mention is that PNC arranged a meeting with Jeff & the bankers, to try to figure out how to work out the account problems, and Jeff blew them off and refused to go. The bank then refused to pay those 4,000 checks. Jeff Parsons is at best a megalomaniac, and at worst, a sociopath. I think the best quote I ever heard out of anyone in that organization was in regards to Mr. Parsons and his two associates, the DeLong brothers. The quote was from a fellow employee in upper management, and in regards to the triumvirate, said "I don't think there's a GED between them..." This business wasn't run on savvy, or smarts - or even with an eye to sustaining it into the future. It was run PURELY on greed - Jeff likes money. ALL the money. In regards to eBay. Jeffb - Don't feel bad. If you had not published their eBay IDs, I would have. In fact, they had every coinsantiques ID from 10 - 21. So, coinsantiques.10, coinsantiques.11, etc.... They switched them around and would use different IDs at different times, and changed the account names on a couple of occasions. The "coinsantiques.13" ID is now "buyselltrade.1". It is rumored that eBay shut their accounts down when the news of the bounced checks hit national media. Too much liability. I don't know this as a fact, but it makes some sense. There were weekly calls with the company's eBay representatives, so eBay was in the loop with the business dealings - but again, if eBay had closed the accounts, I think that they would have become "NARU" (Not A Registered User) and they appear to be live accounts, still. I do know that everyone who worked in the eBay and shipping departments was laid off. I've been anticipating the end of his eBay department for some time, the quality of what he was selling on eBay had degraded so much - he was selling a tiny fraction of the numismatics he used to sell - it was mostly garbage, so he may have cut the eBay department loose to save on payroll. Lots of payroll checks bounced that last week, so that could very well be the reason. Hard to tell. The reason they stopped laying out the lots of 200 nickels was because it took too much TIME. The eBay employees were paid a flat rate per hour, until they reached X number of auctions per week (it used to be 200), and then they were paid a bonus of $2.50 per auction listed in excess of 200. (This may have changed since I left, but it's the way it used to be). So there was a lot of motivation to list as many as possible, and laying out 200 nickels just took too long. Additionally, there were customers who would accuse THR of swapping coins, especially on the nickel lots, so they stopped lining them up. You would find Key dates in with unsearched lots because there was no time to have someone search all of the coinage they received for key dates, and the eBay listers were basically trained monkeys. Most of them did not know a key date from a slug. They just listed what was there. The 'Unknown Metal Content" was for rounds that were not marked. Sometimes they'd be silver, sometimes plated, but THR never took the time to find out before listing them. They used to sell tons of gold on eBay, and lots of fakes in the gold. They would just claim ignorance, even if a lister brought them something that was suspicious. Jeff's son was running the eBay and "processing" side of the business, and while he was a nice enough guy, again, he's not very smart. Oh, and trade dollars. I don't think I EVER saw a legitimate trade dollar while I was there, but they sold tons of them. I don't know why they couldn't teach their buyers to simply weigh the trade dollars, but they didn't, and bought a lot of fakes. Jeff tried to sell fake Rolex watches on eBay, but eBay wouldn't let him. Almost all the gold was going to melt by the time I left. So were the Peace dollars, morgan dollars, Walking lib halves, well, just about anything that was 90%. At one point they were shipping truckloads of antiques and pocket watches to Heritage in Texas. Don't know if they are still doing that or not, but they were getting advances from Heritage and at least one local gold shop every week - they ALWAYS were operating in a deficit, and CONSTANTLY borrowed against future sales. JeffB - when did you start buying from them? Before I left, the quality and variety of the coins they were listing was MUCH MUCH better than it was about the time they changed the account names to the "coinsantiques" names. Did you ever buy from the accounts before they changed the names? The prior names were based on Shakespearean characters, I don't remember them exactly, but there was Feste.217, Iago, Apollo, Cressida, all followed by a number, and several more that I cannot remember. They also had a half dozen accounts that sold antiques that were named after presidents. They sold some good stuff back then - lots of gold, lots of 90% - the vast majority of that goes to (or went to, they may have depleted their stash) melt now. They had moved to listing a lot of broken watches and costume jewelry during the last 6 months or so, from what I could tell. They must have been throwing some coins in too, to keep the buyers coming back and looking. So yeah. Unethical organization. Definite thieving, lots of VERY POOR business decisions. Jeff didn't run this business so that it would stand the test of time. It was more of a smash and grab - get as much of the money as you can as fast as you can, then cut your losses and walk away. He's done it before, but it looks like it might be a little more difficult for him to walk away from this one unscathed. I'd love to know if they are still conducting shows in hotels, and if so, under what name. They announced that they were going to take a week off - I wonder if they ever came back from that.[/QUOTE]
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