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I Smell Counterfeit Trade Dollars!

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CoinHuntingDrew's Avatar
United States
4932 Posts
 Posted 08/16/2015  12:38 am Show Profile   Bookmark this topic Add CoinHuntingDrew to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/3-SILVER-TR...em2a562e3853

Probably not enough time to report & get it taken off, considering it ends in 52 minutes.


I doubt ebay will remove listings where the buyer hasn't paid yet that just sold, after they realize the item is against their Terms of Service(TOS).

That 1880 is a dead giveaway.
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CSOTUS's Avatar
1153 Posts
 Posted 08/16/2015  07:07 am  Show Profile   Bookmark this reply Add CSOTUS to your friends list Get a Link to this Reply
1 day sale, all sales final, seller feedback less than 200, the only thing he was missing was that these were from his grandfathers estate.
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westernsky's Avatar
United States
7614 Posts
 Posted 08/16/2015  10:11 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Until ebay bans short term listings (1,3 and and possibly 5 day, too) the sellers of this crap can run through the ebay play ground with impunity.

They need to ban short term coin and currency listings NOW until they have a legitimate system in place that can flag and pull this stuff in real time. Waiting days for a "report this item" input to be reviewed ain't cutting the mustard. Having Bobby be the "go to guy" to get stuff acted on faster isn't fair to him unless ebay is paying him big bucks (which is highly unlikely!).

The patient is dying and ebay at least has a prescription to treat him until a cure can be found.
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 08/16/2015  11:40 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
My granddad always said, "Buy what you know".

Today, if you don't know or are too impatient to learn, buy TPG's.

ebay is not the only place where the fakes are common, by any means. ebay simply has more coin listings than anywhere on the planet and have more fakes because of that volume.

Increasing the length of time to a mandatory 7 day minimum won't help much if at all. Reporting coins, which I do often, results in pulls the same day or the next day most of the time.

If you find the fakes and you KNOW that they are, check the seller to see if it might simply be a seller who doesn't know. I'm not talking about the guys who list 30 coins and every single one is counterfeit. Those can all be reported most pronto. But I always alert the seller FIRST if it appears they don't know it's a bad coin, and the VAST majority of them pull the item themselves.

If there is anyone on this forum who has never been fooled at one time or another in their collecting "career" then you may throw the first stone. If you are new to collecting and haven't been fooled in one way or another, it's likely you just don't know that you have been fooled, yet.

Education is the weapon against the counterfeiters and this forum does a stupendous job of attacking those worms. But please, don't make it out to be ebay's problem. It exists at almost every flea market, smaller auction sites, price lists (although those are now rare), and even on occasion at the major auction level.
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52Raymo's Avatar
United States
8515 Posts
 Posted 08/16/2015  11:45 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Well you better know your tpgs too. Fake slabs are everywhere.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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jfransch's Avatar
United States
1801 Posts
 Posted 08/16/2015  12:12 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
Just the fact that one of them is an 1880 should set off red flags in any collector's mind. Really now, what are the chances of a 1880 Trade dollar, mintage of 1987 in proof only, ending up in an ebay auction with a 99 cent minimum bid and no return policy.
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Aahz's Avatar
United States
177 Posts
 Posted 08/16/2015  4:45 pm  Show Profile   Bookmark this reply Add Aahz to your friends list Get a Link to this Reply
Let me think out loud for a bit. If a fly-by-night seller of known counterfeits in China sets up new ebay and PayPal accounts, sells a small boatload of fakes for a tidy profit, and shuts down both his PayPal and ebay accounts when buyers attempt to return their counterfeits, wouldn't ebay or PayPal be on the hook for their Buyer Protection guarantees? If the Chinese seller shuts down his accounts and is from that point basically untraceable, neither ebay nor PayPal would be able to take the money back out of the seller's account.

If neither ebay nor PayPal would be able to recover the loss from these kinds of thefts, wouldn't they have a vested interest in trying to ensure that any counterfeit listings got pulled ASAP?
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fioti's Avatar
United States
4212 Posts
 Posted 08/16/2015  5:29 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
His sold JM bars, all have the same serial#.
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Conder101's Avatar
United States
17884 Posts
 Posted 08/17/2015  10:04 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
My granddad always said, "Buy what you know".

Today, if you don't know or are too impatient to learn, buy TPG's.

And then years from now you find that the TPG slabs you put your trust in because you were too impatient to learn about the coins ....are fakes.
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Rollsearcher37's Avatar
United States
1295 Posts
 Posted 08/17/2015  10:09 am  Show Profile   Bookmark this reply Add Rollsearcher37 to your friends list Get a Link to this Reply
with Conder101. The only way to truly combat counterfeiters is to know everything you can about the coins you like to collect. Buy the coin and not the slab, as the saying goes.
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