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Fake Auction House, Selling Fake Coins, From A Fake Location :(

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Pillar of the Community
Australia
3831 Posts
 Posted 01/16/2018  10:14 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
As of why this is happening, sometimes I think there needs to be an organization to slam the brakes these kind of people. You have law enforcement with drugs, handbag companies that chase after replicas, food safety authorities that checks if the food aren't adulterated etc. There's always education but once you start putting sellers' name on it - there's the case of absurd lawsuits.

At this point of time, I can only see it getting worse as there is really no real enforceable body to stop it. If there is ever one such organization, I will be certain Numismat will play an active role.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
United States
1666 Posts
 Posted 01/16/2018  10:35 pm  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply

Quote:
If there is ever one such organization, I will be certain Numismat will play an active role.


Thanks for the vote of confidence, I would say the same thing about you :)
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/17/2018  08:47 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
As of why this is happening, sometimes I think there needs to be an organization to slam the brakes these kind of people. You have law enforcement with drugs, handbag companies that chase after replicas, food safety authorities that checks if the food aren't adulterated etc. There's always education but once you start putting sellers' name on it - there's the case of absurd lawsuits.

At this point of time, I can only see it getting worse as there is really no real enforceable body to stop it. If there is ever one such organization, I will be certain Numismat will play an active role.


The activity we're seeing here is specifically prohibited under the Hobby Protection Act, 16 CFR 304. HPA is part of the Federal Trade Act, and the FTC has the power to sanction and shut down any venue in violation of it.

Unfortunately, like the rest of Federal Government, the FTC has been decimated. There are now only two Commissioners, no appointments are being made, and they've been rendered essentially helpless as a result.

It's on us, the hobby as a whole, to fight for ourselves.
Pillar of the Community
United States
1666 Posts
 Posted 01/17/2018  10:38 am  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply

Quote:
It's on us, the hobby as a whole, to fight for ourselves.


And I'm relieved to see that we haven't given up
Bedrock of the Community
United States
10284 Posts
 Posted 01/17/2018  12:27 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
My call to Auctionzip has apparently gone ignored, so I will continue my complaint with the BBB.
AuctionZip
38 Everett Street Suite 101
Allston, MA 02134
Bedrock of the Community
United States
10284 Posts
 Posted 01/17/2018  1:11 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I just finished a scam report on the BBB against Auctionzip. I feel since they have been informed, agreed it looked suspicious and have done nothing about it, I feel Auctionzip is equally responsible for allowing such a listing as the seller that posted the auction there.

Perhaps places like ebay deserves the same. It might help crack down on such venues from allowing these listings to show up on their auction and selling sites.
Edited by TNG
01/17/2018 1:12 pm
Pillar of the Community
United States
1666 Posts
 Posted 01/22/2018  11:22 am  Show Profile   Bookmark this reply Add Numismat to your friends list Get a Link to this Reply
Clearly the auction host does not have a genuine concern beyond acting like they do to appease complaints until the auction is done and disappears from their site.
Sad. Very sad.
Bedrock of the Community
United States
10284 Posts
 Posted 01/22/2018  12:05 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I too am disgusted that it went unaddressed by Auctionzip. I have had to report a complaint again as a scam again this morning. I hope it get posted publicly on the BB page for Auction Holdings in Allson MA.
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 01/22/2018  1:18 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
The activity we're seeing here is specifically prohibited under the Hobby Protection Act, 16 CFR 304. HPA is part of the Federal Trade Act, and the FTC has the power to sanction and shut down any venue in violation of it.


Its not all that easy, although it should be.

Around 2003 there were some exciting new colors of a specific type of glass insulator that had been "found" and introduced into that hobby. The fakes were legit enough looking that quite a few people were collectively taken for $100,000.

The National Insulator Association worked with law enforcement towards legally solving the problem. Molds and faked specimens were obtained and a forensic lab analysis/report declared there was no doubt the mold and the insulators were made recently. Pictures included in the following link.

Making a long story short, the authorities who did nothing in the end except top say they could issue a cease and desist order.

http://nia.org/drippoints/archive/DP_fall_2003.pdf

Criminals need not fear the law like they used to.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
01/22/2018 1:22 pm
New Member
Canada
13 Posts
 Posted 01/23/2018  5:11 pm  Show Profile   Bookmark this reply Add wolfgang-s to your friends list Get a Link to this Reply
Hello,
If I like to buy Coins from China, never from Sellers out of China.I go for slabbed Coins from NGC. About 99% save.
Pillar of the Community
Australia
3831 Posts
 Posted 01/23/2018  5:29 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
This is no longer a case of "as long as I don't buy from China - I'm safe".

These crooks learn very fast and it's not very hard for them to set up a proxy location and have a PO box in the US or anywhere else in the world. If anything, this thread should be a wake up call.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 01/23/2018  5:39 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply

Quote:
I go for slabbed Coins from NGC.


That's fine, except there are fake slabs around.

Nothing will be done about this until the Chinese Government realise that their policy of allowing fakes to be made will alienate other Governments and make faking illegal.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 01/24/2018  2:03 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Auctionzip describes themselves as being "only a venue" and that they have no responsibility over the auctions listed or their contents. They are not responsible for what is listed or how they are described. ebay operated that way in their early years as well. In other words Caveat Emptor, "Let the buyer beware"



1.7 Invaluable not involved in auctions/release. We are not involved in actual transactions between users of the Sites or any "External Sites" as defined in section 5.1 below (whether such users are auction houses, appraisers, art or antiques dealers, trade members, curators, educators, antiques professionals, collectors or other third parties affiliated with Invaluable). We have no control over the quality or legality of the items displayed on our Sites or the truth or accuracy of the descriptions of such items, upcoming auction events or auction results displayed on our Sites. In the event that you have a dispute with any parties arising out of your use of the Sites you hereby release Invaluable from claims, demands and damages (actual and consequential) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes.


2.1 Invaluable only a venue. Notwithstanding section 1.7 above, we are not an auction house and are not conducting the live and timed auctions. Our service allows you to participate in live and timed auctions conducted by the AHs. We are solely a passive conduit to facilitate communication between you and the AH. We reserve the right in our sole discretion to change some or all of our services at any time.

2.1.01 Control. We have no control over the quality, safety or legality of the items advertised, the truth or accuracy of the listings, the ability of AHs to sell or the ability of buyers to buy items. We do not ensure that a buyer or seller will actually complete a transaction.
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