I am really disgusted with eBay. They knowingly allowed this bogus so-called rarity to be sold
Justhavingfun
Posts: 835 ✭
The 1906-S peso is THE key coin in the US Philippine peso series. If the specimen being offered today on eBay were real, it would be worth three to four thousand dollars in the shown condition.
But this so-called 1906-S peso, has the type 1, curved serif on the "1"; all real 1906-S pesos have the type-2 straight serif.
I wrote to the person explaining this, but just in case he doesn't withdraw it, be forwarned. It's item # 3973376406.
Best wishes,
Just Having Fun
But this so-called 1906-S peso, has the type 1, curved serif on the "1"; all real 1906-S pesos have the type-2 straight serif.
I wrote to the person explaining this, but just in case he doesn't withdraw it, be forwarned. It's item # 3973376406.
Best wishes,
Just Having Fun
Jefferson nickels, Standing Libs, and US-Philippines rock
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Comments
- Seller in China.
- Seller's feedback kept private.
- Buyer's ID kept private.
I think that's warning enough to any sane person.
(Thanks for the heads up though!)
My wantlist & references
And Steve, I can't tell from the scan alone whether it's an altered date or a counterfeit. But it is clearly bogus.
Best wishes,
Just Having Fun
"We will thoroughly review the listing(s) you have reported for
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"Everything I have is for sale except for my wife and my dog....and I'm not sure about one of them."
Wow, a nice bogus coin like that would normally sell for $40 to $60 in the Philippines, and some poor collector may end up paying 70 times that because of eBay's obvious lack of concern. Makes me very sad.
But thanks again for trying.
Warm regards,
Just Having Fun
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
Danglen knew his way around eBay well enough to notify them that a bogus coin was being sold. Thank you so much! And he posted the totally unresponsive eBay response.
Yesterday, the coin was sold and some poor innocent bought a bogus rarity for $330.01. UGH! EBay should be ashamed of itself.
The only thing that's cheering about this fraud perpetuated on eBay, apparently with their knowing acceptance, is that the coin went for only about a tenth of the value of a real 1906-S peso in that condition. Perhaps the thread I posted here and in the Registry Set Forum helped keep some bidders away.
Anyway, I'm told by friends in the Philippine numismatic community that most of the bogus 1906-S pesos that look like this were made by a jeweler in Tacloban, on the island of Samar, in the Philippines. The guy was very skilled; his bogus 1906-S pesos and 1903-S 50 centavos plagued the numismatic community there -- and me -- for years.
Indeed, when I was starting out with the US Philippine series, I got nipped by one of his counterfeits to the tune of $1,400. That was an expensive lesson, but one I learned well.
Since then, I've taken more than a dozen of these bogus coins off the market, usually at around $40 to $60 each. I feel so sad to see one of these bogus coins sold on a reputable venue like eBay. They should know better.
Sad and disgusted,
Just Having Fun
Collecting Penguins, Named Ship Coins and other assorted goodies
Looking for Circulated coins of Papua New Guinea
stores.ebay.com/Grumpy's-Cave
Hello Puddle Pirate:
Nothing personal, but I don't think that answer flies.
Consider this: When a mall operator finds one of the mall's merchants selling bogus Rolex watches or bogus HP computers, you can be sure that the operator moves swiftly and brutally to stop the fraud. He or she has an obligation to the customers coming to the mall, and if he knowingly permits it to continue, he has commercial (and perhaps legal) liability.
And it doesn't really matter whether you call the mall a "flea market" or a "mall."
Moreover, eBay -- in it's own words -- specifically disavows your position that they have no responsibility to act. To wit, and I'm picking this up from eBAy's answer to Danglen --
"We will thoroughly review the listing(s) you have reported for violations of our Prohibited and Questionable Items policies ... If we determine that the listing violates eBay policy, we may: 1. send the seller an informational alert; 2. remove the listing; or 3. suspend the seller."
Notice their explicit promise (a) to "Thoroughly review the listing...for violations..." and to act if it violates their policies.
Well, I submit that they did not abide by their own promise to their customers, i.e., they did not "Thoroughly review the listing...for violation." I can't believe they checked with any specialist in US Philippine coins because I don't think they could have found any specialist who would have have told them the coin was genuine. Any specialist in US Philippine coinage that I've ever met -- and I've met or corresponded with most of them -- would have known immediately that the coin was bogus for exactly the same reason I set forth.
And that's why I'm disgusted with them. EBay prattled on to Danglen about how they would take steps to protect their customers, and I believed them when Danglen printed their answer. I went to sleep on the issue because of it. But then they didn't do what they said they would. So, to me, they were guilty of false advertising and complicity. Or maybe I'm being too harsh and I should chalk it up to mere incompetence.
Either way it's a disgrace that they allowed an innocent collector to get cheated. And it's a further disgrace that they advertise a strong customer-protection policy and failed to follow through on it.
Again, please don't take this personally. Nothing in here is directed at you. I'm disgusted with eBay, not you.
Best wishes,
Just Having Fun
<< <i>And that's why I'm disgusted with them. EBay prattled on to Danglen about how they would take steps to protect their customers, and I believed them when Danglen printed their answer. I went to sleep on the issue because of it. But then they didn't do what they said they would. So, to me, they were guilty of false advertising and complicity. Or maybe I'm being too harsh and I should chalk it up to mere incompetence. >>
And, the sad fact of the matter is that truly competent and honest sellers are damaged as much or more than this defrauded buyer due to eBay's inaction. Honest Chinese sellers are particularly damaged by these laughing-stock auctions which are starting to become epidemic......heaven forbid, we'll probably see a few of Hattie's "ice cream dimes" show up from a Beijing seller in the not too distant future.
Too true. It's hitting some honest US sellers hard too, which is why ebay can not be their only venue.