@Bochiman said:
Sad that people are ok with how this is being done.
An ebay seller is selling something that they don't own, don't have possession of, and don't have permission to sell. Plain and simple.
It would be different if you had a business relationship with this other person, but that doesn't exist.
It is outright dishonest and could very easily lead to issues for whoever may purchase it. I prefer all my dealings to be 100% legit and upfront. Obviously, from this thread, there are many who don't....
I 100% think it’s unethical. I’ve bought coins from Northeast before and they’re super nice dealers. That’s why I said I’m curious to see how eBay handles it.
TomB hit it right on. That explains why I have seen that X number of coins are available for sale, through different dealers, but many of them are the same coin.
@Bochiman said:
Sad that people are ok with how this is being done.
An ebay seller is selling something that they don't own, don't have possession of, and don't have permission to sell. Plain and simple.
It would be different if you had a business relationship with this other person, but that doesn't exist.
It is outright dishonest and could very easily lead to issues for whoever may purchase it. I prefer all my dealings to be 100% legit and upfront. Obviously, from this thread, there are many who don't....
I 100% think it’s unethical. I’ve bought coins from Northeast before and they’re super nice dealers. That’s why I said I’m curious to see how eBay handles it.
@BLUEJAYWAY said:
In these cases things might get sticky, if a return is initiated with the dealer who does not own the coin.
wow, what a way to move inventory for NEN, buy the coin, get it and then return it because you did not like it...
I should of been more clear as to my intended point. If the coin is sold by the dealer who does not tech. own the coin and the buyer,end buyer,initiates a return to that seller, does he in turn return it to the original owner for a refund? 2 layers of returns.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@ErrorsOnCoins said:
On the other hand, if you are happy with your selling price, why not let someone market your coin for you? It may spur sales on your site because you underprice him.
But your idea is quite funny if it bothers you that much.
Would you want this scammer tarnishing YOUR reputation?
I did not realize this was being done with coins.... I know it is an Amazon practice with other product lines. The seller never actually touches the product, but makes a profit....I know a few people that do this with other products. Reading this thread, I can certainly see several points made, and particularly by @TomB.... Cheers, RickO
@ricko said:
I did not realize this was being done with coins.... I know it is an Amazon practice with other product lines. The seller never actually touches the product, but makes a profit....I know a few people that do this with other products. Reading this thread, I can certainly see several points made, and particularly by @TomB.... Cheers, RickO
WalMart does the same thing.
I did read that once Amazon gets you roped in that they squeeze you kind of hard.
@ricko said:
I did not realize this was being done with coins.... I know it is an Amazon practice with other product lines. The seller never actually touches the product, but makes a profit....I know a few people that do this with other products. Reading this thread, I can certainly see several points made, and particularly by @TomB.... Cheers, RickO
WalMart does the same thing.
I did read that once Amazon gets you roped in that they squeeze you kind of hard.
I have had things shipped from Amazon, but bought it on eBay for less than I could have it delivered from Amazon - am not sure if the drop shipper was Amazon Prime member with free shipping and lower prices or what.
WalMart has cut down on their free shipping and are making you pick many things up at your closest store - so the WalMart drop shippers may have to cut down or increase their price.
@ricko said:
I did not realize this was being done with coins.... I know it is an Amazon practice with other product lines. The seller never actually touches the product, but makes a profit....I know a few people that do this with other products. Reading this thread, I can certainly see several points made, and particularly by @TomB.... Cheers, RickO
WalMart does the same thing.
I did read that once Amazon gets you roped in that they squeeze you kind of hard.
I have had things shipped from Amazon, but bought it on eBay for less than I could have it delivered from Amazon - am not sure if the drop shipper was Amazon Prime member with free shipping and lower prices or what.
WalMart has cut down on their free shipping and are making you pick many things up at your closest store - so the WalMart drop shippers may have to cut down or increase their price.
Sometimes I think WM has free shipping on their stuff that's sent from a WH to your closest store. Sometimes they use a commercial carrier to deliver to your home or a store. Other times sellers pay a fee to WM to list stuff there with shipping to you being free or reasonable cost. How someone can pay shipping and WM for a $10 item and still make a profit escapes me, but if it didn't work they wouldn't be doing it.
Then again, there must be a FAR bigger market out there for some items than I could ever imagine. If PCGS sold blue boxes thru WM, paid a cut to WM and shipped free or for $2, I can't imagine that it would be worth the trouble even if the boxes drop shipped from the place that makes them for PCGS.
An important distinction here, as compared to the common internet overselling model used for other items, is that the coins shown are unique. This means that there is a fairly high probability that the item will not be available and the seller knows it. IMO this is gross misrepresentation by the seller, certainly not something that eBay or any other marketplace should allow.
There is little risk for the re-seller as they can always cancel an auction (even a sale) with the code that it was sold elsewhere outside of eBay. I had this happen to me on a BIN for an item that was accidentally listed at 1% of the intended price. They just cxld the sale, refunded my PP, and moved on. I could not even leave feedback since once the sale was cxld that was no longer an available option.
I am not saying any of this is right, just that it can be done.
If you want these auctions taken down you would probably need to focus on other peripheral infractions, such as use of others' photos or not showing the slab/#, etc.
@derryb said:
Keep reporting them. This appears to be working: Click on "report item" in listing. Then select "copyright and trademark," then select "counterfeit item," and then select "counterfeit, fake or replica." When you click submit, you will be able to type in a brief description to accompany the report. Report as "listing does not include certification number as required by ebay coin policy."
@derryb said:
Keep reporting them. This appears to be working: Click on "report item" in listing. Then select "copyright and trademark," then select "counterfeit item," and then select "counterfeit, fake or replica." When you click submit, you will be able to type in a brief description to accompany the report. Report as "listing does not include certification number as required by ebay coin policy."
you are correct, they no longer require a cert number be included in the listing. I have edited my comments accordingly. Note that they do require an approved grading company to have an online cert number verification process. Don't see how that's of any value without requiring a seller to provide a cert number. Bottom line, they no longer require a seller to provide a cert number.
No Way Out: Stimulus and Money Printing Are the Only Path Left
On the flip-side, there are some major players having PRE-Sales on items not yet released. I don’t necessarily agree with that practice , either. But this is my personal opinion and not anything else.
@TomB said:
Many folks are hitting on the point that it is great if the coin gets purchased at your asking price, regardless of how it is purchased. However, there is the unseen potential for your business name and reputation to be harmed if folks see a third-party offering your coins and they are either offered at very high prices, have long delivery times, receive poor service and communication or deal with an abrasive seller. If my coins were listed by this seller I would get ebay onto them and, failing that, I would take further action.
And besides that, it's just sleazy business practice. Don't list for sale things you don't own!
This makes me think of some of the stuff that went on years ago. Folks would just use someone's image URL in a listing on ebay. Some of the guys here were good enough to change the image that was attached to that URL. The auction image changed to something like a naked lady. Ebay would remove the listing really quick.
@TwoSides2aCoin said:
On the flip-side, there are some major players having PRE-Sales on items not yet released. I don’t necessarily agree with that practice , either. But this is my personal opinion and not anything else.
Yes, and if they ended up not getting their mint order on an oversold item they would just cxl their eBay sales.
No less sleazy than the original scenario in this thread.
@nencoin , you can actually work this situation to your advantage.
Find all of the coins this eBay seller is trying to sell that are actually in your inventory.
Buy all of those coins from the seller.
Pay the seller.
Wait for the seller to buy the coins from your website.
Ship the coins to him.
Once he receives the coins, the NENCoin "7 day return policy" clock starts ticking.
The seller ships the coins to you.
Wait 8 days.
Contact the seller through eBay citing the eBay 30-day returns and SNAD policy.
Wait for eBay to approve the return and following their instructions to the letter.
Ship the coins back to the seller.
Receive your refund from eBay for the cost of the coins.
Laugh your ass off since the eBay seller is now stuck with the coins with no way to return them to you (it's been longer than 7 days) for HIS refund.
My current coin collecting interests are: (1) British coins 1838-1970 in XF-AU-UNC, (2) silver type coins in XF-AU with that classic medium gray coloration and exceptional eye appeal.
Is this the same guy that used to post here, who later became BNB Coins? That guy was from the same area in CA. I forget his name here, but he morphed quickly from a slick talker to a "coin dealer" on ebay. He was making utube videos that were really obnoxious for awhile as well.
Q: Are You Printing Money? Bernanke: Not Literally
Unauthorized use of your content or photo in a listing description.
That looks useful. I wonder how many coin dealers are eBay Verified Rights Owners? I've heard of this for large companies but not for coin dealers before. Could be worth exploring.
@jmski52 said:
Is this the same guy that used to post here, who later became BNB Coins? That guy was from the same area in CA. I forget his name here, but he morphed quickly from a slick talker to a "coin dealer" on ebay. He was making utube videos that were really obnoxious for awhile as well.
@GoldenEgg said:
This is a business model that some have been successful at.
Market an Amazon item on eBay for a small markup. When someone buys that item from you on eBay, you purchase it on Amazon as a gift and have it delivered to the eBay buyer via FREE 2-day shipping and FREE, no-questions-asked returns. One doesn't ever even have to have to touch the product!
Finally saw my first example of this today. Bought an item via eBay and it was sent from Amazon fulfillment.
For quite a while this seller stated in his rules that it was against ebay rules to share the certification number of the item he was selling, until after the listing was over.
Comments
I 100% think it’s unethical. I’ve bought coins from Northeast before and they’re super nice dealers. That’s why I said I’m curious to see how eBay handles it.
TomB hit it right on. That explains why I have seen that X number of coins are available for sale, through different dealers, but many of them are the same coin.
Listing is ended or removed.
Good riddance.
Another potential strategy:
Of course this wouldn't actually work - they would stop short at some point, so I wouldn't actually try this.
It's nice to see the coin posse circle the wagons.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
No posse needed
NEN can get theirs yanked
The others where applicable would need help.
If it were me, I'd send him a message and post the photo of your coin in the whole slab and ask if their coin is anything like yours. Lol
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
The prices he? wants for the mint errors are laughable
$2,000 For a blank dime NGC that at most $3 item on ebay ungraded.
On a seperate note whoever had it sure wasted their money doing so
Ok, who's next?
Great transactions with oih82w8, JasonGaming, Moose1913.
In these cases things might get sticky, if a return is initiated with the dealer who does not own the coin.
wow, what a way to move inventory for NEN, buy the coin, get it and then return it because you did not like it...
I should of been more clear as to my intended point. If the coin is sold by the dealer who does not tech. own the coin and the buyer,end buyer,initiates a return to that seller, does he in turn return it to the original owner for a refund? 2 layers of returns.
OP's perp still has hundreds of similar listings.
Keep reporting them.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I have to bite my tongue for what I want to say about the "Would Be" re-seller.
``https://ebay.us/m/KxolR5
I disagree with the business model of representing something not in one's inventory or possession.
``https://ebay.us/m/KxolR5
Would you want this scammer tarnishing YOUR reputation?
I did not realize this was being done with coins.... I know it is an Amazon practice with other product lines. The seller never actually touches the product, but makes a profit....I know a few people that do this with other products. Reading this thread, I can certainly see several points made, and particularly by @TomB.... Cheers, RickO
He using y inventory drop shipment - the gall of this guy.
WalMart does the same thing.
I did read that once Amazon gets you roped in that they squeeze you kind of hard.
I have had things shipped from Amazon, but bought it on eBay for less than I could have it delivered from Amazon - am not sure if the drop shipper was Amazon Prime member with free shipping and lower prices or what.
WalMart has cut down on their free shipping and are making you pick many things up at your closest store - so the WalMart drop shippers may have to cut down or increase their price.
Sometimes I think WM has free shipping on their stuff that's sent from a WH to your closest store. Sometimes they use a commercial carrier to deliver to your home or a store. Other times sellers pay a fee to WM to list stuff there with shipping to you being free or reasonable cost. How someone can pay shipping and WM for a $10 item and still make a profit escapes me, but if it didn't work they wouldn't be doing it.
Then again, there must be a FAR bigger market out there for some items than I could ever imagine. If PCGS sold blue boxes thru WM, paid a cut to WM and shipped free or for $2, I can't imagine that it would be worth the trouble even if the boxes drop shipped from the place that makes them for PCGS.
An important distinction here, as compared to the common internet overselling model used for other items, is that the coins shown are unique. This means that there is a fairly high probability that the item will not be available and the seller knows it. IMO this is gross misrepresentation by the seller, certainly not something that eBay or any other marketplace should allow.
There is little risk for the re-seller as they can always cancel an auction (even a sale) with the code that it was sold elsewhere outside of eBay. I had this happen to me on a BIN for an item that was accidentally listed at 1% of the intended price. They just cxld the sale, refunded my PP, and moved on. I could not even leave feedback since once the sale was cxld that was no longer an available option.
I am not saying any of this is right, just that it can be done.
If you want these auctions taken down you would probably need to focus on other peripheral infractions, such as use of others' photos or not showing the slab/#, etc.
I'm not commenting on what this guy is doing in general, but can you cite that policy? I don't think that has been eBay policy for years. http://pages.ebay.com/help/policies/currstamps.html
you are correct, they no longer require a cert number be included in the listing. I have edited my comments accordingly. Note that they do require an approved grading company to have an online cert number verification process. Don't see how that's of any value without requiring a seller to provide a cert number. Bottom line, they no longer require a seller to provide a cert number.
No Way Out: Stimulus and Money Printing Are the Only Path Left
On the flip-side, there are some major players having PRE-Sales on items not yet released. I don’t necessarily agree with that practice , either. But this is my personal opinion and not anything else.
``https://ebay.us/m/KxolR5
And besides that, it's just sleazy business practice. Don't list for sale things you don't own!
Kind regards,
George
This makes me think of some of the stuff that went on years ago. Folks would just use someone's image URL in a listing on ebay. Some of the guys here were good enough to change the image that was attached to that URL. The auction image changed to something like a naked lady. Ebay would remove the listing really quick.
maybe Tom (NEN)pulled his own listing.
Yes, and if they ended up not getting their mint order on an oversold item they would just cxl their eBay sales.
No less sleazy than the original scenario in this thread.
@nencoin , you can actually work this situation to your advantage.
Someone has even stolen pics of coins for sale on the bst here and listed them on eBay.
Umm, all they would have to do is open a not as described claim exactly like you did to them.
They will not be using Ebay to buy them from NEN. That is the reason for the 7 days.
Ooohh, I missed that! I say go for it!
Actually, the simplest and most profitagb> @BarberFanatic said:
Only if they paid cash. If they paid with a credit card, they can always file a chargeback - for up to 180 days in most cases.
Is this the same guy that used to post here, who later became BNB Coins? That guy was from the same area in CA. I forget his name here, but he morphed quickly from a slick talker to a "coin dealer" on ebay. He was making utube videos that were really obnoxious for awhile as well.
I knew it would happen.
How do you report this type of activity to eBay??
First you have to figure out precisely which policy they are violating. Good taste doesn't apply.
VeRO may be the only way to go, since there is no way to photograph an item not in your possession they are violating the DMCA.
ANA 50 year/Life Member (now "Emeritus")
This one works:
pages.ebay.com/seller-center/listing-and-marketing/verified-rights-owner-program.html#m17-1-tb2
Unauthorized use of your content or photo in a listing description.
Buy the coin and then you can leave a negative for each coin !
That will get everyone's attention
If you read his long winded about me part Dreamtrophysell sunglasses and jewelery earnings.
That looks useful. I wonder how many coin dealers are eBay Verified Rights Owners? I've heard of this for large companies but not for coin dealers before. Could be worth exploring.
LOL
🇺🇸 Harlequin
harlequinnumismatic@gmail.com
item looks like nuked by eBay
This person posts like a non-US citizen
that guy caused some spectacular forum drama
Finally saw my first example of this today. Bought an item via eBay and it was sent from Amazon fulfillment.
For quite a while this seller stated in his rules that it was against ebay rules to share the certification number of the item he was selling, until after the listing was over.
If anyone knows the eBay seller's name, e-mail or address, please PM me. Thanks,
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values