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Australian 50 Cent Coins
Summary: In a discussion about Australian 50 cent coins, several participants expressed their thoughts and ideas. shasil86 initiated the conversation, and it garnered responses from others like sandypebbles, davewil1964, *casey*, numismatichemist, and sugar249. Ultimately, the conversation included exchanges over a period of several months, showing sustained interest in the coin topic.
It seems the 50 cent coins have been taken over by scamers - rediculous prices for common coins - why doesn't ebay do something about this?
8 comments
jcon-92
·1 year agobecause basically EBAY couldn't give a stuff !!!
sugar249
·1 year agoNot up to Ebay to decide on the value of any item sold on the platform, I could try to charge a million dollars for the pen I have sitting next to me, not Ebays issue. Its the silly buyer who hasnt done their research and should know its nearly out of ink and I got it as a freebie.
Why blame Ebay for something out of their control.
numismatichemist
·1 year agoFor the most part, eBay can't "do something about this" because there's no actual law or eBay regulation being broken. It's not against the law to ask moon money for common, worthless coins. As Dilbert's Boss once said, "There's no law against optimism".
You know that coin is common and cheap, and I know that coin is common and cheap, but how is a non-coin-collector supposed to understand it? The "value of a coin" isn't a fixed, scientifically provable property like its composition or temperature. They can't apply fixed, scientific, provable-in-a-court-of-law rules to it because the coin market is essentially emotion-powered, where things like "logic" and "rationality" have little bearing on actual market value.
Traditionally, morons who insisted on asking for moon money for common coins were weeded out via Darwinian natural selection: nobody bought their junk, so they starved to death. But the people asking for moon money on eBay are either (a) criminals using "rare coin sales" as a way to launder drug money and proceeds of crime, or (b) scammers who use the same basic principle as spammers and phishing: launch enough bait, and eventually you'll get a bite. Neither of those groups have any incentive to cease and desist.
Can eBay "fix it"? Sure, by re-introducing a per-listing fee. Just like e-mail spam would disappear overnight if the spammers were forced to actually pay a tiny fee per email sent.
sandypebbles
·1 year agoAs with the buyer
Both sides are what you describe
Cut off the funding source (buyers supporting these sellers)
Take it up with buyers making the choice
And it is a choice
sugar249
·1 year agoWhy would a per listing fee make any difference, if people are prepared to pay over the top for a 50cent coin because the seller says it is worth it, 30cents or whatever the fee would be is not going to make any difference to the seller, 30 cents less on a mega dollar profit isnt much. You want to punish all sellers because buyers don't do their due diligence. As a reasonable volume seller I thank you.
*casey*
·1 year agoshasil86
There's plenty of scam listings for non existent items in that category , so buyers need to try and make sure they're dealing with a reputable seller.
davewil1964
·1 year agoI have 50c coins ranging from 1974 to 2021.
They cost me 50c each. If I was going to sell any of them I would want to get my original cost back, plus eBay fees, plus postage, plus a reasonable return on my time to list, pack and post them.
Do you consider that unreasonable?
sandypebbles
·1 year agoWhy don't you ask eBay?
Have you reported the coins?
eBay do not vet listings
Or, ask the people who choose to buy common coins at such idiotic prices and keep these scammers in business? Not as if people 'don't know'