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Replies: 23 / Views: 13,490 |
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Valued Member
 United States
325 Posts |
Yeah, I'm sure this list isn't complete. Just the opinion of the author who wrote it. His id is keith040_0
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Pillar of the Community
United Kingdom
856 Posts |
Quote:I figure that producing a convincing counterfeit is a very expensive operation and the only way to make it cost effective is to produce fakes of coins that ordinarily cost hundreds of dollars. It stands to reason that you should never buy a very expensive coin from ebay. Either use a well known dealer like APMEX (or your country's equivalent) or buy directly from a mint. Not necessarily so, Demarco. A while back there was a run of modern repros of shillings of Charles I on ebay and other sites. They weren't rare and sold for between £15 and £60, mostly to people who weren't experts on the series. Not that they weren't good copies. I was even fooled a couple of times. But I keep good records and when you see what appears to be the identical hammered coin appear again and again .. you get suspicious. I dare say they were made for more than pennies. But a steady income of £40s every now and then (there were five different coins replicated, possibly by a company in the US) gradually builds up. The point being, people want to check out a £250-£500 coin. Whereas a hammered coin (which all have their own quirks, so are more difficult to compare) selling for under £50 is much less likely to raise suspicion. To the extent at least one major auction house had one listed as part of a lot. And once that happens, well, who's going to question if it comes up on ebay as ex ...&Co, with a pic of the catalogue listing?
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Moderator
 United States
23522 Posts |
Well said, Tom; one is far more likely to run into a counterfeit of lower value than higher simply because they slip through so much more easily.
It should be mentioned that the list posted here is for sellers of Ancient coins & artifacts, and might therefore not be on everybody's radar. For the record, I went back 400 Feedbacks for the very first name listed, all the way back to 2011, without seeing a coin sold.
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Valued Member
United States
365 Posts |
I sell stuff on ebay from time to time, and my name is not on your list--for shame!! You gotta give ebay their due credit: a (relatively) cheap system for anyone to list items in a simple straightforward format, and to get potential buyers from the world over to look at your item, is a brilliant and a runaway-successful idea. In other words, how else might I sell a rare French coin to a Japanese collector, than via what is--for better or for worse--the easiest way to do so online today? I'm all for competitors (traditionally strong, coin-dedicated institutions like Heritage Auctions or other) but as a private individual buying and selling relatively modest-dollar items I'm not going to consign with the "big boys" am I? As for avoiding fakes, that's up to each buyer to be educated, select wisely, buy only from sellers who accept returns, scrutinize photos as best you can and/or ask for more, and to--in a pinch--back away if there's a doubt. Just because something has been made easier to do from your couch in your jammies, doesn't mean you should switch off the gray matter! It should also be acknowledged that the online-coin situation is very different from that encountered at shows; if collectors don't stay abreast of values and prices at shows in addition to the hysteric-prone online buying communities then those collectors are probably spending too much.
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Pillar of the Community
United Kingdom
4208 Posts |
Quote: We British aren't all smiles and sunshine... We have sunshine?! And yeah, this sort of list just helps to get those sellers dough. Most people sell authentic stuff - rarely do I see a fake being advertised as the real deal.
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Valued Member
 United States
325 Posts |
lol Ben, yeeah should have been smiles and rain
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Pillar of the Community
United States
1796 Posts |
Quote:I figure that producing a convincing counterfeit is a very expensive operation and the only way to make it cost effective is to produce fakes of coins that ordinarily cost hundreds of dollars. It stands to reason that you should never buy a very expensive coin from ebay. Either use a well known dealer like APMEX (or your country's equivalent) or buy directly from a mint. Since grading has risen in the USA, counterfeiting big-dollar coins has fallen... however this is not necessarily a good thing. Most of the counterfeits that come through The Black Cabinet are common date silver dollars, and every example posted to The Black Cabinet has passed as genuine at least once (a goodly number of them are very badly obvious). 50¢ worth of scrap metal disguised as something that goes for $30 a piece in large lots is a large profit margin. :-)
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Pillar of the Community
United States
624 Posts |
As much as we have become enamored with our technology, nothing available through the magic of the internet can replace buying a coin from another person. It's much more difficult to scam someone face-to-face -- well, unless the buyer has his face stuck in his smart phone.
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Bedrock of the Community
United States
14454 Posts |
I have purchased couple thousand dollar coins off of ebay but it has always been a coin I knew something about. I knew it wasn't fake when I purchased it so you can't really say not to buy expensive coins on ebay. I have also sold multi-thousand dollar coins on there and have never had to relist one for not selling (most sold for more than I expected but a couple sold for retail). There are buyers on ebay that have deep pockets for the right coin so I would not say to not buy expensive coins from there, I will say that the buyer should know what they are buying if it were a $10.00 coin or a $10,000.00 coin
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Valued Member
United States
402 Posts |
I'm hurt also. I've been selling on ebay on and off for 12 years now and I didn't make your list even though I have a 100% good feedback. I have also bought from 100's of dealers on ebay and only got whacked once and that was for a microscope from Hong Kong. I don't recognize many names on your list. How do you justify these dealers? I will agree with some members and that ebay commands a lower dollar limit on my purchases. I study the seller very closely especially his feedback. Tells you a lot and it cant be falsified either. I took a poll at the last 2 coins shows I went to and over 80% of the dealers there said they also sell on ebay one way or another. Forget trying to bash ebay and their sellers. Take a look at our Forum members who sell on ebay. A lot of them aren't on your list either. Just my opinions edgman     
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Valued Member
 United States
325 Posts |
It's not my list, I found it on Google.
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Valued Member
United States
402 Posts |
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Valued Member
 United States
325 Posts |
Good post edgman. Yeah it's from Google and took me to an ebay member portal, I think an ebay community forum. I'm sure the list isn't complete either it's just one members opinion keith040_0 is his id. I'm sure there are a ton more reputable ebay ancient coin dealers. I think this member has a blacklist too but I don't want to share it really. I don't know how legit that one is either.
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Bedrock of the Community
United States
17884 Posts |
Quote: I figure that producing a convincing counterfeit is a very expensive operation and the only way to make it cost effective is to produce fakes of coins that ordinarily cost hundreds of dollars. Then why are there so many fake British pound coins in circulation? If they weren't making money they wouldn't be doing it, and if they have the ability to produce those fakes they should be able to produce much better quality coins at not a great increase in cost that will sell for much more the a pound apiece. If you take your time to make avery good fake and you can then produce it for 5 pounds each, it cost you the same whether you make a 20 pound coin of a 100 pound coin, but people will identify that 100 pound fake a lot sooner than the 20 pound one so you can sell a lot less of them.
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Valued Member
 United States
325 Posts |
True, people are going to scrutinize a 100 pound coin a lot more than a 20 pound one. I'd think all coins are up for counterfeiting really.
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Replies: 23 / Views: 13,490 |
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