Quote:
Yep - report it to ebay - what will happen? Likely nothing, unless the actual buyer after the auction claims that it is fake.
There is nowhere near enough regulation or enforcement of existing laws when it comes to fraud via fake. (IMO).
And it is not in ebay's interest to even investigate, let alone remove. Their business model relies on end-value fees to the seller. If they remove the item, they miss out on their 7-8% of total sale fee.
Yep - report it to ebay - what will happen? Likely nothing, unless the actual buyer after the auction claims that it is fake.
There is nowhere near enough regulation or enforcement of existing laws when it comes to fraud via fake. (IMO).
And it is not in ebay's interest to even investigate, let alone remove. Their business model relies on end-value fees to the seller. If they remove the item, they miss out on their 7-8% of total sale fee.
I know we all like to hang it on ebay whenever fake coins appear but I tend to think that we are being overly harsh.
ebay are not coin experts and with the millions of items being listed every day they can't be expected to vet them all, or if they did, you could expect a large increase in ebay fees.
Many fake listings do actually get removed. It's not done straight away but I suspect that they give the seller a right of reply. If they didn't give the seller a chance to state their case then ebay sellers would be open to all sorts of vexatious accusations.
In the end the buyer has to take some responsibility in these matters and do their homework before buying an expensive item.























