Hello! > > risk, and uncertainty seem to make gold coins a bad auction > >item. > > Risk and uncertainty of what? Risk that the coin isn't a coin? That's > covered in the terms of service. You get what you pay for, and there > is a good system, IMNSFHO, for dealing with fraud.
Here are some things that would normally make me suspicious of your gold coin auction: [They didn't make me suspicious because you have a reputation as an honest person -- I even bid on the coin. However, if I did not know you from this mailing list, then these issues would apply.] 1) The auction does not show the actual picture of the item being sold. This is highly indicative of some sort of problem with the coin. I can sell that coin at 1% - 2% ABOVE SPOT at a certain coin store here in Houston, if it's in good shape. If there is a noticeable problem with the coin, then the price might drop below the spot price, significantly impacting the value of the coin. 2) When a seller accepts ONLY non-reversable types of payments, there is a chance of seller fraud, especially when the seller sells using ONLY digital gold currencies. If you were to walk away from the sale after I made my payment, there is nothing that I can do about it without spending thousands of dollars. This makes this type of auction an extremely risky endeavor. I don't know of any types of fraud controls you have in place, but e-Bay now does a thorough credit check on any would-be sellers before allowing them to post. Illegal fraud flocks to items which will return them a high-value. After all, there is no risk to the seller. 3) The shipping cost and insurance cost is not specified in the auction. This leaves the issue open and a high shipping and/or insurance cost will detract from the value received by the buyer. 4) When purchasing anything on-line, there is a risk that the item will become lost in the mail, or fail to be delivered in a timely fashion. This can make the purchase a very unpleasant experience. >From my perspective, the above risks will easily detract buyers from offering the same price they will otherwise offer in person. This makes a gold coin a bad auction item. Given that the coin can be sold at the spot price in most coin stores, (and a little more in some others), then why would you want to sell it on-line, when it is unlikely that buyers will offer as much? SnowDog --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
