God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
There is an obscure aspect to business law which I studied in undergraduate school. If the buyer pays for the shipping, it is assumed that the legal ownership of the goods changes at the seller’s location. That has sales tax implications, but I bet that excuse won’t work today.
Of course all this seller needs is to find one profoundly stupid multi millionaire to make his venture a success. An interesting legal case would be would the buyer would have a case for fraud if he or she “took advantage” of this offering? A civil case might lead to relief, but is this a criminal matter? The ad is straight forward. There is no evidence of deception like “This is an extremely rare item,” or “This is a great investment opportunity.” The one falsehood is stating that this item is made of silver. If it were, it might be worth $1 million.
It is only offering the item at a ridiculously high price. It would take a minor amount of due diligence on the customer’s part to realize that, like Google “1979 Susan B. Anthony dollar.” You should do that. The results will amaze you. Yes, the $1 million price is an outlier, but there are many other postings that are outrageously priced.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@BillJones said:
There is an obscure aspect to business law which I studied in undergraduate school. If the buyer pays for the shipping, it is assumed that the legal ownership of the goods changes at the seller’s location. That has sales tax implications, but I bet that excuse won’t work today.
Actually, not obscure at all and still quite important as it is part of the Uniform Commercial Code (UCC § 2-319): FOB shipping v. destination, but that is not relevant for sales taxes. There used to be a physical nexus requirement for sales taxes in Internet or phone sales but that was eliminated in 2018 by SCOTUS in South Dakota v. Wayfair, Inc, and states quickly jumped on that outside of those that exempt coins/bullion from sales taxes.
Comments
What a waste of electrons.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
If it were worth anywhere near that much insurance and shipping would be a lot more.
Would like to read his/her negative feedbacks -
"When they can't find anything wrong with you, they create it!"
https://www.ebay.com/fdbk/feedback_profile/joey.773?filter=feedback_page:RECEIVED_AS_SELLER,period:TWELVE_MONTHS,overall_rating:NEGATIVE&commentType=NEGATIVE
1979 Susan B Anthony Liberty P (Frank Gasparo) SILVER DOLLAR U.S. Coin RARE!. Shipped with USPS First Class.
$5 shipping these current inflationary times seems to be a real bargain. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Click bait
I’m guessing he’ll waive the shipping charge if you ask.
Dave
The colors on the sellers feedback remind me of my stock portfolio for some odd reason.
https://www.autismforums.com/media/albums/acrylic-colors-by-rocco.291/
Was that a casino coin?
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
Well then, obviously not a coin collector -
"When they can't find anything wrong with you, they create it!"
http://www.smalldollars.com/dollar/dykum.html
There is an obscure aspect to business law which I studied in undergraduate school. If the buyer pays for the shipping, it is assumed that the legal ownership of the goods changes at the seller’s location. That has sales tax implications, but I bet that excuse won’t work today.
Of course all this seller needs is to find one profoundly stupid multi millionaire to make his venture a success. An interesting legal case would be would the buyer would have a case for fraud if he or she “took advantage” of this offering? A civil case might lead to relief, but is this a criminal matter? The ad is straight forward. There is no evidence of deception like “This is an extremely rare item,” or “This is a great investment opportunity.” The one falsehood is stating that this item is made of silver. If it were, it might be worth $1 million.
It is only offering the item at a ridiculously high price. It would take a minor amount of due diligence on the customer’s part to realize that, like Google “1979 Susan B. Anthony dollar.” You should do that. The results will amaze you. Yes, the $1 million price is an outlier, but there are many other postings that are outrageously priced.
Actually, not obscure at all and still quite important as it is part of the Uniform Commercial Code (UCC § 2-319): FOB shipping v. destination, but that is not relevant for sales taxes. There used to be a physical nexus requirement for sales taxes in Internet or phone sales but that was eliminated in 2018 by SCOTUS in South Dakota v. Wayfair, Inc, and states quickly jumped on that outside of those that exempt coins/bullion from sales taxes.