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#31
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I pointed this out to Alan Herbert. He said the
highest he ever got was as editor of Coins Mag. I said he ought to know who to call at Krause to get compliance, but he did nothing that I know of. You are making an assumption I think, that there is anything that can be done about it. I will not get POed, I will not get POed, I am not POed... calm relaxed... Well, as I see it, the other choice is to believe that people like us are helpless... Or perhaps that "people like *you*" are helpless, because I do not play that. Saying thaqt it is even possible that "nothing can be done" is heard only by my hand, which is what you are talking to when you or anyone wants to intimate that nothing can be done... the trade papers as you call them, depend almost entirely on dealer revenues for their revenues. They also depend on the fact that no one has named them in a suit as a defendant for publishing false and misleading advertising, like false ANA credentials or other afiliations that they are not actually truthful and are designed to mislead. They have also avoided being told about it by AGs accross the country and by the FTC, etc. The mags are aware that the ANA rules require a name and ANA number per the ANA bylaws. Now, if someone that gets ripped off by one of those dealers that has any ANA mention in the ad and the buyer comes after the publisher as well as the dealer, then the mags will watch it. Try using Visa'a logo without permission. Not even a picture of a card will they allow unauthorized or they sue.. and win... For example, if AH sells items by using the reverse of an NGC slab with the ANA logo, and someone is misled by it to his detriment, if the person's lawyer goes for the deep pockets of the publisher, you can believe that ALL the mags will quit letting dealers have ANA logos showing on NGC slabs unless they are using the ANA's logo properly. Or do you differ on that? I can't imagine what would convince them to make any effort to enforce anything on their larger advertisers, even if they wanted to. Lemme see, if the AG of a state's mom gets ripped off by a company that has a 6 page ad and sells AUs as BUs and has standing orders to buy all the AUs they can get... Maybe the mags do what is their best interests as affected by the legal procedings... Think they would "want to" enforce anything then? besides, I am not sure there is any real long term benefit to such "policing" actions. A better long term approach is collector education, including explaining to collectors how large dealers manipulate the market When the hobby becomes much more work than play, we all might as well quit. That will be the day when I have to tell people that regisrty sets are dangerous hype. I am sick of scam after scam after scam. The same people perpetrate most of them, IMHO. Let's clean it up or the government will do it for us, using the commerce clause. The authorities (probably Feds) are the ones that brought this to the ANA and eBay, IIUC. How far is the Federal Government from regulating us even more? They had several bills before congress in 1997 or so, and most did not pass, IIRC. They know we are here, and in the past, they have blamed collectors for hoarding and making coins scarce, etc. I do not trust government to regulate us, and it might be the single biggest danger to the value of each of our holdings (well, US citizens, anyway) Either we co-operate and police ourselves or have it done for us, IMHO. Ebay is not going to take much guff from the FBI or FTC before they make the rules themselves. I suggest that the ANA do what it can and make it go smooth. by th eir promotions (such as registry sets, "treasure" coins, etc.) I think Eliasberg had the first registry set, or at least forshadowed it. Since one person has to have a nicer coin than the next guy, there are always going to be people that can pull out a whole set in which every coin is nicer than what you have... This has been going on for some time, even though the various slabbers have only recently realized the extra market in it for them; PCGS gets people to crossover from NGC or whoever so they get a slabbing fee for a coin that is already slabbed. All that is really lost is one slabbing fee, as far as I am concerned. So long as people want it, then they will get it and the price it commands will reflect what the seller and buyer agree on.. Also, if people continue to want these sets, then they will hold value. So long as the individual coins are valuable, the set will be too. If there is a coin market collapse, then whether you have a registry set or only a few coins, you are going to lose some of the premium you paid, maybe all of it. There is nothing new in that concept that I can see... But maybe I am blind... I see registry sets as about as dangerous as a tempest in a teapot compared to other abuses. People are paying for these items with disposable income. If not, then that is what we should be pointing out: DO NOT RISK ANY MONEY ON COINS THAT YOU ARE NOT PREPARED TO LOSE. (That was a publice service announcement) No one has a monopoly. Compare that to diamonds, for example... or major league baseball where there are monoploies, or nearly so. People do not need to buy coins, or diamonds or go to baseball games. These are luxury items and to say that there is something unfair about hyping high grade stuff any more than diamond sellers tell you that the better the diamond, the more it costs... Or the better seat at the game is worth more... You only get a ticket stub when you leave a game. Do you want a high grade one or an economy diamond or seat at the game? There is always CZ if you want the look for less... And there used to be a hole in the fence to watch the game for free... IOW, I am saying that the people buying and assembling registry sets are getting their money's worth, at least; 1. No one holds a gun to their heads and 2. Status symbols cost more than anything else... and 3. I sure like Bob Rudd's set of Early Commems... Explain how really freaking worthless that sucker is and how he should dump it to me for like $1500 and how bad a beating I will take on it for me so that I can steal it, because I want it. And persuade Ira and Anaconda too. They are about to loise their shorts unless they dump for like a penny on a dollar.. today... And tell them they would be wise to finance it too, if I can't pay cash for it all... at zero interest for 36 months... So I can save then from the screwing they are about to get when the register sets are all being thrown away or used to buy groceries... C'mon Bob, these people are not tying up all their life savings on registry sets, and if they are, maybe it is better then buying lotto tickets and drinking cheap gin... That reminds me... Is the liquor store open yet? Ok, I gotta go. I just hope the Beefeater is still on sale... and where is my "lucky number" list? Gotta go... but first, while the shwinn warms up: Further, most of these sets are totally jaw-dropping-drool-until-the-guys-is-the-white-coats-come-get-me georgeous. If people are gong to buy these coins, why not have a registry set? Also, some stupid thieves may sometime sell a known set and get caught because of it... Maybe not, but you never know until some fool does it. Bottom line, AFAIAC, registry sets aren't any more dangerous than unregistered sets... If someone likes a set of MS 70 eagles, so what? I see people with those Elvis Plates and all manner of knick knacks around their houses... Little chrystal unicorns... C.mon.. who has a set of the on a glass shelf? None of the uys, I bet... Who has toy cars? Harv? Comic Books? Harv? Beatles Albums in the original shrink wrap? Harv... again... Ok, so we can see that the evil that men do lives after them... vicariously through Harv... No wait... We all collect what we like. I think that if people do not use the food money for coins (except me, I need to go on a diet, but that dog of mine is starting to look tasty) then there won't be problems. If people do spend the rent on coins, then it is like gambling or anything else taken to excess. Anyone remember the Barney Miller episode, circa 1979, where the guy and his wife had a domestic dispute because he was buying up gold with all the rent money? I still can never forget Harris turning and saying to Barney: "But Barney! He is buying up all the gold and not leaving NONE for nobody else!" I guess some of us want to be that guy... and in other ways, and make collectors understand that no matter what the dealer or grader says, there is no way to determine the future value of any coin, or whether it will grade the same down the road I agree. I do not want an ANA logo on a coin whose grade might not be correct. Therefore I do not want an ANA logo on any slab. One thing the ANA could do right now is to kill off the "coins as investments" scam. They should have a policy that any ANA member that promotes this idea in any way should be booted permanently right out of the organization. I am against promoting coins as an investment... I am certainly in favor of educating consumers, and since these are luxury items, one has to realize that whether you buy those plates on TV or Beanie Babies or whatever, you are wise to only but items that you like and for reasons that make sense to you. Buying something because you think it is worth more to someone else is a good way to get stuck with garbage. How exactly to teach that lesson? Ask them to try to sell a recent purchase to a third party and then they can see how they did. Maybe it will sink in... And yes, toss out the 'investment' sellers... As it is, if you start talking investment while selling coins or bullion, there's loads of disclosures the FTC requires, IIUC. But if the FTC gets too many complaints... here comes the congressional legistation... AH collectibles sells NGC slabs with the ANA logo on them, and he was kicked out for failure to answer a complaint and DH resigned... But they can still have a picture of an ANA logo in their ads... After all Eric and Barry Stuppler and others did, they can still sell ANA logoed coins. What a kick in the head. I'm not sure how you can prevent someone from selling a piece of property they own, regardless of whose logo is on it. The problem is that the logo is on the slab, and I have a problem with that. No logo on the slab and they cannot do that. They should not be able to do it now. They can only do it because the ANA allows the logo to be put on slabs... Besides, I would think you would prefer such people to be selling NGC brand plastic rather than some brand of plastic you don't approve of. Uhhhh, what? I am against the logo being on any slab, unless the ANA actually authenticates it, and I do not evan the ANA to grade ANY coins, unless as part of arbitrating a dispute. I do not want the ANA to be obligated to side with NGC or any other grading company. DH and AH selling coins? I want that stopped. Approve of plastic? Umm, no. I buy the coins, not the slabs... Unless it is a proof set or the like, in which case I may be concerned with the packaging as well as the coins... Basically, I think collectors should know how to grade and should buy only coins they want to own. The slab it is in should help protect it and should be a guarantee of authenticity, but today's grade might not be tomorrow's grade, as you correctly point out above. I disapprove of ACG on the fact that they slabbed four or more counterfeits as genuine. Three is the limit for me. I do not care what else he did, but he is still operating like nothing happened after slabbing four counterfeits. That is just what he admitted to, and there are likely many more from what I hear and read. Do I want to see ads with an ANA logo from him? No. Is the ANA doing anything about it? What a crock; the ANA is afraid to partner with ebay but has its logo plastered all over anyone's ad that can come up with an NGC slab. The advertiser does not have to obey ANA rules, either. Try selling a stamp in violation of the APS rules on eBay and see what happens... Meantime, slabs do make coin trading a liuttle closer to liquid; you can sell them more easily because buyers have more confidence in a third party graded coin. As for the magazines, health and computer, I was answering Reid, and I am not really inerested in the sidetrack; he brought it up... Follow the money IMHO. OTOH - what if the dealers just stopped putting the logo and ANA number in the ad altogether? They won't. They _know_ that trade association letters after their names are expected by many in the buying public... Whether they know what the letters mean or not. would that be any better? I don't see how the inclusion or lack thereof of the logo and member number is going to make any difference to anyone buying coins. Then why do so many people do it? Branding is why. When you look for McDonalds, you look for yellow arches. Some do it with coins. ISTR that the Blackbook's early chapters recommended looking for a PNG sign and failing that, an ANA logo b/c PNG is exclusive and there are but 200 members or so... Anyway, I can tell you where my doctors went to med school because I saw their diplomas. A few years ago, there was news about several "doctors" that didn;t have licences or diplomas... so I check... Do you? For $300+ an hour, I expect to see credentials. Some things matter to other people more than they matter to you or me, and that is what makes trhe world go around. My primary care Physician says that most people think more about their money and wallet than they think about their health, sadly. So, if you did not see MD after a doctor's name, would that bother you at all? You bet, because you are used to seeing it. It is more subliminal, and so long as the other doctors call them doctor, you don't think much about it... But they call first year med students 'Doctor' all the time in hospitals, but they do not mention to you that they are not even an intern yet... Anyway, the point is that you do not really notice the ANA letters or logo, but they are often there. Don, Frank and many other sellers do use the logo/ANA name. And, since an advertiser could use the space for something else, why waste it with a "useless" logo? I personally do not care one bit if the people at the coin show are ANA members, I have never asked, nor do most display any logos or member numbers, although I have seen a few do so, and I do not even look for such information in an ebay listing. Many others are looking for it... And I am encouraging them to look for it... No one has ever asked for my ANA member number on the few auctions where I have sold stuff, and quite frankly, I have never thought putting my ANA number in an auction would have any beneficial effect so have not done so. Well, it costs you zero extra to put it in there. Let's see if this makes sense: You look in the yellow pages for a diamond seller. Do you want a GIA certified gemologist's appraisal or will one from just anyone do? For fifty dollar pair of diamond studs 5 points a piece, you prolly do not care. For a 3 carat internally flawless D color solitaire, you prolly want an acknowledged, certified pro's opinion. Do you pay more to have a certified mechanic do a job on your car than you pay the guy down the street who has a grease pit and does oil changes and minor work cheap? Do you expect the movers to be affiliated with the BBB and have the other necessary and proper affiliations? Do you never look for trade association membership from anyone?? Are credentials meaningless to you? I can assure you that putting in an ANA logo will not hurt much. The problem is that you have to obey the ANA rules while anyone else can just say "no returns" and "I don't know how to grade coins at all" and the like. They do not have to worry about cleanings or other problems... Just put up a scan and go. No headaches, as is, no returns. So, yes, I can see why some people would avoid using the logo on ebay. It won't happen in mags tho. They will not quit unless the ANA makes them. (Very unlikely unless someone sues the ANA.) Experienced advertisers everywhere know that trade membership status is desireable and even makes a difference in whether or not they sell the coin or get the extra bid on a nice item. Auctioneers often have lists of trade assocs after their name. Real estate brokers always have something after their name, even if they never even got a GED, much less a college degree... Because people expect it from a pro. If you are selling low grade or problem coins and proof/mint sets and misc cheaper stuff, then it likely doesn't matter much. You aren't selling only $500 coins and up to say $100,000+ routinely, especially unslabbed are you? I mean, the higher the price, the more people want to concern themselves with returns and such. For a few common circ Merc dimes or a roll of state Qs, I do not think it matters much. For some of the stuff I buy, it matters that I am dealing with a professional; sometimes not. I forget every once in a while. Remind me to ask for an ANA number, but I think we are going to the system where all ebay sellers are going to have to follow ANA guidelines, anyway... that will mean a flurry of activity until the same old rip-offs selling counterfeits by the hundred and their ilk are removed permanently. You do not want to use your trade association status (that you pay dues for) to bolster your credibility? Ok fine... It is your choice. Why you wouldn't want the ANA logo is what befuddles me... Ok, that ugly rendition of a Peace buck was no good, but the lamp or the NGC eagle... something... If it was worthless, people would not pay for the ad space to publish it... Now I gotts to go. I'm spoda be over ta the sto, getting the lotto and the gin... Sto opens in six minutes... Outty 'not my belly button' |
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#34
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Bob Rudd wrote:
A straight answer from Gary Lewis??????? Gold will hit $800. first. Say it ain't so, Bob! Say it ain't so! Larry |
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(MorganCoin1) adds....
I went and looked at ebay's stamp rules and recomendations, and IMO, we could use a similar set of standards at ebay, Sam, Sam, Sam.... The provided link gets you to eBay somewhere, period. After clicking other links on other pages and entering stamps in the search window, I found the magic APA references. Sorry. I copied and pasted the link faithfully, but it didn't work as planned. My bad. Why the Jim Preamble to your link? Because Sam, it just goes to show what a PITA "more" toothless regs have become in a world of protecting idiots from themselves. Ya know, there is no helping those that want to shoot themselves in the foot. Here is the leading statement from eBay: "eBay reserves the right, in its sole discretion, to remove any stamp or stamp related item listed on its site and refund the associated listing fee if we believe that the listing is inconsistent with the code of conduct set out by the American Philatelic Society, or inconsistent with eBay's goals of promoting the hobby and maintaining a safe trading environment." Now Sam. What does any of that "really" mean to the poor slob that just bought a bogus inverted 3 cent zeppellin? Not a damn thing, that's what. The sale is complete, the funds exchange hands and more often than not, end of that ripoff and on to others, with the fool no wiser. Ok so I don't know Jack about phila, philla, philat.... stamp collecting... But, as it is, when a counterfeit coin is listed, even when the dipstick seller says: "These are fakes from China." Ebay lets the auction go on. The new method will allow people to complain, just like before... but the new method means that ebay will check with the ANA and remove the 'coin' and so the fool is protected from himself because the item is not listed anymore. Or at least that is my understanding. As it is, you complain, ebay does zip. Oooh and eBay will refund the "associated listing fee", cuz we all know the hornets nest that would ensue if they didn't, eh? Well, listing fees on a few bogos are not of much consequence to ebay... While a seller dumping fakes might well need the money... to list at yahoo... Let's toss in the preemptive factor; buyer is tipped to nonsense before end of sale. What are the buyers options, assuming buyer has half a brain, but if so, probably would have done the upfront homework before buying? Since not everyone can detect counterfeits like Bob Julian or Ira, I think that a 'heads up' would be very helpful. We have seen time and again, these fakes and the sptters of the fakes not able to do anything but wriute the seller and hope they remove it or making up fake ebay handles, bidding and retracting and a bunch of other methods that waste time and possibly cause the good ones to risk losing their account because of auction intereference. Let us ponder, shall we? "If": 1.) He/she has a clue who the APA is or even cares, They seem to... 2.) He/she can begin to navigate or find anything relating to the APA within the multitude of pages of regs tucked into eBay html somewhere, Ok, that is a big problem. I can't find the APA stuff two times in a row, either... 3.) Where he/she would find a link to the APA code of conduct, which as you may guess, is as toothless in all its rotund vagueness as any other corporate policy conjured up while sitting on the throne, post that half gallon of chugged Starbucks every morning, Yeah that's why I don't drink that overpriced dreck from Tarbux. A&P instant decaf for me... lol I think that the fact they can have the offending fake stamp removed is worlds better than we have it in numismat, numis... coins... 4.) Or....he/she "may" find the Authentication page which does no more than.....provide hot links to a dozen or so organizations, from Beanie Bears to the APA to Fanciers of Mom's Mabley Collectorama, Eeeewww. The link overload is a problem. It is my hope that the coins link can be found... An overhaul of ebay's site organization is long overdue. 5.) Upon clicking any said link, he/she will be assured to wind up in a fully glazed state of retardomania, still within minutes/hours of end of auction, still ****ed and still mumbling out loud about how eBay sux and he/she really hates stamps. It is a problem, but to do nothing and try nothing proactive is worse, IMHO. Meanwhile, while the above drama is being played out simultaneously every minute of the day with hundreds of people either thinking they're being screwed, or making sure someone is looking out for them so they don't get screwed, Yes, the worst part is any false sense of security that comes when people think that the tools is for other people to watch out for you when you really have to watch out for number one... No lulling here... The thing is, as I pointed out, is that those who spot a fake will have some way to have it verified and removed... At least that will likely cut into fraud a bit. Once someone buys and sends the money, it is much harder to rescind the deal... That is why I favor the proactive... but not if the buyers start thinking "Hey, ebay is taking care of this... the coin/stamp must be genuine, or ebay would not allow it... eBay is doing exactly WHAT, proactively? Best as I can see....zero, zip, nada. Well, they are willing to remove items (and the listing fee is a non-starter for me). Now they won't remove anything, even if Rick Snow tells them the 1856 FE cent is a fake, even if it is 3 inches accross... Meantime, I have listed animated films and some old vinyl records before, and certain categories at ebay had extra warnings about putting up unauthorized copies, etc. The exact warnings, I don't 'member, and it was over two years ago, so the warnigs have likely changed, but part of it had to do with losing your account for it. If these same old peole are NARU and cannot sell the counterfeits, I think there will be a reduction in their appearence on ebay. at the same time, people will (hopefully) be more willing to turn in offenders because ebay is finally doing something. Which, BTW, is exactly no surprise to me as they own the only show in town. Hey, I applaude them (ebay) doing anything... They ANA and Ebay are the only real players in their fields... The ANA don't do squat and are holding back on this, AFAIAC. Oh sure, when pressed to do so, they put up yet more web pages with ominous impotent legalese and pretend to swaddle the ignorant with patronizing banter, but what's really being done? IOW, if eBay doesn't care, nuttins gonna happen. Having had to file for refunds with ebay and PAypal before, I can tell you that you have a chance, especially if you pay via CC, but even if not, PP and ebay will instigate... er investigate and maybe you get your money back. That won't happen if you buy a fake rolex in Manhatten... And further, why do you think the ANA wants any part of that? No, I seriously doubt the ANA leaders want to do anything good for the hobby. The biggest mistake they have made is not calling me and offering me a huge lot of genuine money to see the ship cleaned up. Isn't one reg as good as another in a world of honest sellers? Yes it is. Unfortunately, not all sellers are virtuous, and we both know it. So that it is clear, the regs should (read: must) bbe posted conspicuously and when you go to sell coins, a screen should be there to warn that if you fraudulently offer counterfeit, the SS and FBI will inquire. Maybe it owrks, maybe not. A few arrests would go far to help. Neither ebay nor the ANA or APA has power to do that and unless and until the Feds do something, the best we can do is try to prevent the sale, as many here have done in the past. In the alternate paradise, what difference does another shingle make? Can I say zero, zip, nada often enough? Enough shingles build a roof... (Sometimes I am glad I am 3000 miles away so you can't throw anything at my eternal optimism... lol) One more time..... eBay "is and can only be" exactly what it's always purported to be, a conduit between buyers and sellers, period. An electronic garage sale w/o card tables. It's policing functions can and should but unfortunately don't, extend to the blatantly fraudulent and misleading auctions taking place in dozens of catagories 24/7. Ok, let's take 'policing functions' out of the equation. If they refuse to allow known fakes and frauds, that would be all we can ask. Well, also to investigate and to NARU the same old people that do the same old stuff over and over... Beyond that, if someone is selling a stolen or counterfeit item, then the police should do the police work... Ones dealing with S&H out of proportion to sale, ones dealing with nebulous listing language, etc., but NOT ones in which ANY authentication activities occur whatsoever. EOM, again. Ebay is in the position to deal with minor listing infractions and violations of its rules; the police do the stuff with dangerous criminals... like felons... I would like to see the feds take down a few more shills, personally. There are a few big ones out there... Will any of the above, assuage, placate or soothe the hysterical, time-on-their-hands professional stay-at-home-glued-to-PC ignoramus internet shopper? Not a chance.... Hey! We could go over to the Coin Vault and really waste some money. But if you think for one nanosecond more regs tossed at this or any situation will make a difference, Look, we can give it a chance... If it doesn't work better than the "nothing" we have now, it is no biggy to drop the pages and pages of drivel... If any part of it has merit, we can work on it... or rather, ebay can work on it... you should get out of law and into the path of an oncoming train for a quick reality check (Not really Sam. I'm just seeing if you read this far before falling into full blown retardomania). Heck no... I am the 'long poster' around here... I actually have to try to keep my posts short... A few times, I have run out of room and the characters stop, even though I do not stop typing. Kinda scary the first few times... I pity the fools that read all my writing...lol I have trouble editing it all... Why do you think I post infrequently? I have to let my fingers heal between editorials... Be well, Jim. |
#36
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Bob Rudd wrote:
A straight answer from Gary Lewis??????? Gold will hit $800. first. Say it ain't so, Bob! Say it ain't so! Larry It is so... But I think gold will hit $950 first... |
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MorganCoin1 wrote:
Yes, the worst part is any false sense of security that comes when people think that the tools is for other people to watch out for you when you really have to watch out for number one... No lulling here... The thing is, as I pointed out, is that those who spot a fake will have some way to have it verified and removed... At least that will likely cut into fraud a bit. Once someone buys and sends the money, it is much harder to rescind the deal... That is why I favor the proactive... but not if the buyers start thinking "Hey, ebay is taking care of this... the coin/stamp must be genuine, or ebay would not allow it... So is that a Sears poncho or is that a Mexican poncho? MMMMmm! No foolin? Alan 'Debra Kadabra' |
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#39
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On Sat, 25 Oct 2003 16:17:12 -0400, Chrysta Wilson
is alleged to have written: In article , jstone9352 says... The APS (main stamp collecting organization in the US) is working with Ebay in cracking down on fake, facsimilie and reproduction stamps. Stamps have to be clearly marked as such on the stamp itself. Of course you can see what I am leading to. - If the APS can work with Ebay on cracking down on stamp fraud why can't the ANA do the same with coins? I already asked Gary Lewis, and got kind of a non-answer to the effect that they're working on it and I should see something written on the subject in the next six months. (I take this to be a bet that I'll forget by then.) There's a shock. Make a note in your calendar to ask 6 months from now. My Bet: We'll see nothing substantive until the next ANA election...if then. Bruce ANA 162074 |
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