Why doesn't eBay just shut down all coin sales from China?

291fifth · January 10, 2008 12:40PM

The counterfeiting problem is out-of-control.

OK, I know all about the "we are only a venue" stance, but...

lasvegasteddy · January 10, 2008 12:45PM

oh i concurr as to me they are accomplish to the fact "per se"

pharmer · January 10, 2008 12:46PM

For a non-collector, you sure are wound up about this.

You know they are working on it. Let them know your expectations vis-a-vis your deadline for action. That should help.

291fifth · January 10, 2008 12:50PM

<< For a non-collector, you sure are wound up about this.

You know they are working on it. Let them know your expectations vis-a-vis your deadline for action. That should help. >>

Why do you refer to me as a non-collector? I have an extensive medal collection, or don't those count?

BlindedByEgo · January 10, 2008 12:50PM

<< For a non-collector, you sure are wound up about this.

You know they are working on it. Let them know your expectations vis-a-vis your deadline for action. That should help. >>

They are working on it? Shutting down counterfeit coins from China?

Please cite your sources and your knowledge of their plans. I'm interested in what recent developments have taken place.

keets · January 10, 2008 12:54PM

i expect there will be some action taken in this direction during 2008 and it most likely won't just be in regards to coin items.

ldhair · January 10, 2008 12:56PM

<< Why doesn't eBay just shut down all coin sales from China? >>

I wonder the same but understand the Ebay could care less.
If they get paid that's all they care.

pharmer · January 10, 2008 12:57PM

I'm sure they're working on it, profiler. If you have registered your complaints (and you have, right?), they know and are surely working on it. Why wouldn't they? What's your conspiracy du joir now, that they don't want to address it?

Unknown · January 10, 2008 12:58PM

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leothelyon · January 10, 2008 1:50PM

Heck, I'm already on the ball, I'm out looking for fake labels in fake NGC slabs with fake coins in them! The MS grade must be real but everything else is fake fake fake!

Leo

Bochiman · January 10, 2008 1:58PM

ACLU would be in an uproar over the profiling

Amigo · January 10, 2008 2:35PM

ACLU would be in an uproar over the profiling

LMAO

WTCG · January 10, 2008 2:45PM

Because it is discriminatory and narrow minded to ban transactions from an entire country because of speculated and occasional problems from sellers belonging to that country. Besides, it is an illogical business decision to halt sales from 1/5 of the world's population belonging to a country that bears the fastest growing economy in the world today.

originalisbest · January 10, 2008 2:50PM

Whoopdee-freakin' doo.

CalGold · January 10, 2008 3:00PM

Wei, you have a point but what is China doing to control counterfeiting? Answer seems to be nothing. And coins are the least of it. They are counterfeiting pharmaceuticals and automobile parts, both of which pose serious safety concerns. What happens when the counterfeit brakes fail? And who gets sued? You guessed it, the US manufacturer whose parts were counterfeited.

What is going to happen, and is already beginning to happen, is that trademark owners are starting to sue ebay for being a conduit for counterfeit goods.

CG

Moki · January 10, 2008 3:04PM

Yes, ban coin sales from China until the Chinese government gives a yang.

PerryHall · January 10, 2008 5:30PM

Has anyone ever seen a real Trade dollar being sold on eBay from China? Serious question.

Bruceswar · January 10, 2008 6:14PM

<< Has anyone ever seen a real Trade dollar being sold on eBay from China? Serious question. >>

Years ago I saw one. Since nope.

YaHa · January 11, 2008 12:01AM

<< The counterfeiting problem is out-of-control.

OK, I know all about the "we are only a venue" stance, but... >>

Why don't we just boycott buying chineeese Food.

BlindedByEgo · January 11, 2008 12:15AM

<< I'm sure they're working on it, profiler. If you have registered your complaints (and you have, right?), they know and are surely working on it. Why wouldn't they? What's your conspiracy du joir now, that they don't want to address it?

>>

Talking out your azz again, I see

Still trying to figure out the profiler thing, though... I mean, if I'm a profiler, you'd have to be a real doctor

Longacre · January 11, 2008 12:19AM

I was in Beijing last October, and took a stroll to the Chinese Silk Market (sort of like a big indoor flea market). In almost every booth, they had a large box spilling over with fake Trade dollars, Morgan dollars and other coins. The fakes were pretty bad (even I could tell they were obvious fakes), but I was amused with the hard sell that the booth owners gave to me. As soon as I started pawing through the box, each booth owner said that they would show me the "good stuff", and whipped out an album that held even more coins in nice shiny condition. Other than the fact that the it was at least 100 degrees in the building, and I was getting manhandled by the booth owners (Longacre does not like to be touched by strangers), it was quite a pleasant experience.

pharmer · January 11, 2008 12:35AM

Almost sounds like an ongoing, cultural thing. Come to think, the term "Chinese fakes" IS almost a time honored phrase. So, since stopping billions of people from doing this isn't possible, let us be aware, and wary, as buyers, and not expect a nanny (in this case eBay) to protect us.

Frankcoins · January 11, 2008 1:53AM

<< Because it is discriminatory and narrow minded to ban transactions from an entire country because of speculated and occasional problems from sellers belonging to that country. Besides, it is an illogical business decision to halt sales from 1/5 of the world's population belonging to a country that bears the fastest growing economy in the world today. >>

GLOBALIST! Did you forget it's still COMMUNIST China??

The loss of Chinese business would be far more offset by the increase in confidence from buyers in Western Europe and North America.

RWB · January 11, 2008 2:33AM

Prohibiting Chinese national sellers of coins on ebay might force them to provide US addresses/contacts. At that point US law will take effect and they (or their agents) can be prosecuted.

If Americans are serious about cutting the trade deficit with China, they should be prepared for higher prices on clothing, toys and games, and consumer electronics, among other items

jmski52 · January 11, 2008 2:33AM

Because it is discriminatory and narrow minded to ban transactions from an entire country because of speculated and occasional problems from sellers belonging to that country. Besides, it is an illogical business decision to halt sales from 1/5 of the world's population belonging to a country that bears the fastest growing economy in the world today.

Banning sales of all coins would be the appropriate move, until the problem is addressed by the importer and China as well. Same goes for auto parts, children's toys, dogfood, toothpaste, AK-47s. When our own businesses are hamstrung by over-regulation, why give a pass to a country who is so completely ideologically opposed to our country? Yeah, I'd like to see some radical changes.

Almost sounds like an ongoing, cultural thing. Come to think, the term "Chinese fakes" IS almost a time honored phrase. So, since stopping billions of people from doing this isn't possible, let us be aware, and wary, as buyers, and not expect a nanny (in this case eBay) to protect us.

Negotiating a fair trade deal to address counterfeiting would solve our end of the problem. Why allow petty and other criminals free reign over here? What would happen if the U.S. started shipping counterfeit money to China? Do you suppose there might be prison time involved? China doesn't need a free pass.

UtahCoin · January 11, 2008 2:38AM

<< Has anyone ever seen a real Trade dollar being sold on eBay from China? Serious question. >>

It would be reasonable to assume that REAL Trade Dollars exist there. After all, that's why they were made, to trade in the Orient (and elsewhere). That being said. I doubt a real Trade Dollar selling from China would bring it's true worth. Could be the Cherry Pick of the decade if you snagged one!

pharmer · January 11, 2008 2:40AM

"Negotiating a fair trade deal to address counterfeiting would solve our end of the problem. Why allow petty and other criminals free reign over here? What would happen if the U.S. started shipping counterfeit money to China? Do you suppose there might be prison time involved? China doesn't need a free pass."

How long you think this kind of stuff has been going on in China?

Coxe · January 11, 2008 2:49AM

Simple. eBay is trying to develop that important (to them) market. It's like asking Walmart to cease carrying Made in (lead coating) China toys. These are businesses and they are going to, right or wrong, handle the situations delicately so they don't upset the apple carts in their market penetration and development. And yes, the bottom line always comes to their own revenue stream. They want more sellers to produce more fees but are concerned with activity that might be detrimental to the aggragate fee production longer term. In other words, they will act on a fee producer if that producer might impact more fees later.

WTCG · January 11, 2008 9:58AM

<< 

<< Because it is discriminatory and narrow minded to ban transactions from an entire country because of speculated and occasional problems from sellers belonging to that country. Besides, it is an illogical business decision to halt sales from 1/5 of the world's population belonging to a country that bears the fastest growing economy in the world today. >>

GLOBALIST! Did you forget it's still COMMUNIST China??

The loss of Chinese business would be far more offset by the increase in confidence from buyers in Western Europe and North America. >>

Agree with it or not, globalism is the way of the future and a necessity for success. History has demonstrated that any group of people who turn to the ideology of isolationism will stagnate, fail and ultimately become extinct over a period of time.

While China is a communist party controlled country, its economic markets are virtually unrestricted. While Western Europe and North America may have more spending power on a per capita basis, there is not a chance that an "increase of confidence" from buyers from Europe or North America can even come close to offsetting potential losses of a self-imposed embargo on China and its 1/5 of the world's people.

originalisbest · January 11, 2008 10:20AM

That all depends on how one defines "success."

tahoe98 · January 12, 2008 3:33AM

no worries, just make sure coins have a CAC sticker

garsmith · January 12, 2008 4:01AM

<< Why doesn't eBay just shut down all coin sales from China? >>
Because they are power sellers

RWB · January 12, 2008 5:08AM

Neither Communist China or the Republic of China (Taiwan) are signatories to international agreements protecting copyright and intellectual property. Neither respects individual or corporate ownership of anything. As explained it to me, “Chinese are the ultimate laissez-faire capitalists, perfect for The Prince – find a market, fill the market, make as much as possible." The entire rational is that “people want to buy. If manufacturers do not make enough Gucci for buyers, we will make more Gucci and keep buyers happy. If manufacturers charge too much, we make more and charge less. It is a public service.”

This is also known as “slash and burn” capitalism – take as much as possible in the shortest time possible before collapsing the market. There are no rules and no restrictions.

Why doesn't eBay just shut down all coin sales from China?

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