<< <i>Executives at eBay Inc. are touting security as their top priority in 2007 after an internal survey showed that online scammers may be denting the company's reputation. >>
Cutting off coin sales from China would make a big difference. I've never seen a single legitimate listing from a seller in China. But eBay is too interested in the revenue it generates.
<< <i>A very interesting sentence in the article: EBay says less than one-hundredth of one percent of the listings on its Web site are fraudulent.
Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages? >>
so if it is 1/100th of 1% of more than fifteen million, there are only more than 1,500 fraudulent listings on the web site at any one time? That's reassuring.
"But even by that conservative measure, 58,300 auctions may have been fraudulent in one three-month period. More than 583 million items were listed in the third quarter of 2006."
<< <i>Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages? >>
I think we tend to be somewhat skewed because we largely look at a category (coins) that has considerably more than its share of the fraud.
I'd also say that a percentage of items is much different than the percentage of dollar values exchanged. You're not going to see too many fraudulent auctions for $3 kitchen gadgets as opposed to $3,000 coins. Even if you accept their 0.01% claim (which seems a bit low to me), I'm sure that represents far more than 0.01% of the money changing hands on eBay.
<< <i>Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages? >>
I think we tend to be somewhat skewed because we largely look at a category (coins) that has considerably more than its share of the fraud.
I'd also say that a percentage of items is much different than the percentage of dollar values exchanged. You're not going to see too many fraudulent auctions for $3 kitchen gadgets as opposed to $3,000 coins. Even if you accept their 0.01% claim (which seems a bit low to me), I'm sure that represents far more than 0.01% of the money changing hands on eBay. >>
Exactly. My main collecting interest these days is postcards of the town I live in. A couple of months ago I got a repro that the local historical society did about 15 years ago, that the seller did not describe as such. For $3, I didn't care, especially since it was postally used!. TD
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Which reminds me, the last time I did a search by town name, I came up with four cemetary lots in the local cemetary.
Under "Shipping," it says "PICKUP ONLY."
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Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Comments
<< <i>Executives at eBay Inc. are touting security as their top priority in 2007 after an internal survey showed that online scammers may be denting the company's reputation. >>
"May" be denting the company's reputation?
>>>My Collection
Cutting off coin sales from China would make a big difference. I've never seen a single
legitimate listing from a seller in China. But eBay is too interested in the revenue it generates.
Free Trial
Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages?
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>A very interesting sentence in the article: EBay says less than one-hundredth of one percent of the listings on its Web site are fraudulent.
Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages? >>
so if it is 1/100th of 1% of more than fifteen million, there are only more than 1,500 fraudulent listings on the web site at any one time? That's reassuring.
thats still hundreds of thousands of scams.
"But even by that conservative measure, 58,300 auctions may have been fraudulent in one three-month period. More than 583 million items were listed in the third quarter of 2006."
<< <i>Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages? >>
I think we tend to be somewhat skewed because we largely look at a category (coins) that has considerably more than its share of the fraud.
I'd also say that a percentage of items is much different than the percentage of dollar values exchanged. You're not going to see too many fraudulent auctions for $3 kitchen gadgets as opposed to $3,000 coins. Even if you accept their 0.01% claim (which seems a bit low to me), I'm sure that represents far more than 0.01% of the money changing hands on eBay.
<< <i>
<< <i>Huh? Does anyone believe it's that low? Or does eBay just not know how to calculate percentages? >>
I think we tend to be somewhat skewed because we largely look at a category (coins) that has considerably more than its share of the fraud.
I'd also say that a percentage of items is much different than the percentage of dollar values exchanged. You're not going to see too many fraudulent auctions for $3 kitchen gadgets as opposed to $3,000 coins. Even if you accept their 0.01% claim (which seems a bit low to me), I'm sure that represents far more than 0.01% of the money changing hands on eBay. >>
Exactly. My main collecting interest these days is postcards of the town I live in. A couple of months ago I got a repro that the local historical society did about 15 years ago, that the seller did not describe as such. For $3, I didn't care, especially since it was postally used!.
TD
Under "Shipping," it says "PICKUP ONLY."
????????????????????????????????
``https://ebay.us/m/KxolR5