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- From bkweston@lazerlink.com Mon May 27 06:15:16 2002
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Date: Mon, 27 May 2002 13:15:03 -0000
To: colonial-coins@yahoogroups.com
Subject: Re: ebay private auctions
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--- In colonial-coins@y..., "dp1787" <palmers4@e...> wrote:
> --- In colonial-coins@y..., "bkweston" <bkweston@l...> wrote:
> > --- In colonial-coins@y..., "dp1787" <palmers4@e...> wrote:
>
> Byron, I guess I wasn't as obvious in my sarcasm as I thought I
was.
> For me to believe the line I wrote above, would be so far past
> naive, as to be moronic.
> I think that "rgipaul" is Martin Paul, and whatever else he may be,
> I don't THINK he's a crook like the others mentioned. I wish Ray
all
> the luck in being successful against the trio that he got burned
by,
> and hope they are suitably fined, jailed or whatever can be done to
> stop them from continuing to perpetrate the BS on the collecting
> public that they have so far. David
Why anyone would want to have a private auction on eBay is beyond me,
David, but I see nothing wrong with you or Ray W. or Ray T. raising
the yellow flag, or the red one, if necessary.
I've often wondered about the auction houses who are pitting their
floor and mailbidders against eBay bidders who may or may not really
exist. Would it really surprise you if any of those lots wouldn't
sell for any less than the top mailbidders maximum bid - a great way
to "maximize potential" under a cloak of confidentiality.
Its naive for us to think that that couldn't or might not already be
happening. All you have to do is read some of the recent news stories
in Coin World to realize that no one is beyond reproach.
As for the three characters that Ray T. is dealing with, what
incentive would eBay have to stop them from pushing up the price of
their material until the right sucker comes along. After all they are
getting their sales commission and are likely to get it again and
again until the lot is sold for the desired price. I think that that
is an interesting parallel to the grading services who will regrade
your coin as many times as you are willing to submit it - wouldn't
you suspect that they might have developed a database on those
individuals and would be tempted to take advantage of that knowledge -
rhetorical?
Bottom line, I suppose, is that as long as their are those that are
obvious about what they are doing, those that are trying to get away
with something without damaging their reputation have an easier time
of doing just that.
If you or anyone else notices something unusual, even if it is only
just a suspicion, I can see nothing wrong with letting the rest of
know of your suspicions and together we might be able to either
alleviate or justify those suspicions. I think Ray T.'s case is a
good example of some of us working together to find those answers.
Byron
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