The Rare Coin Company debacle

[ausjack]

Yes FB is a very strange place to say the least and so many scumbag and parasites on there it's not funny and yes they do promote and cover each other something chronic.

[drakesterling]

Yes FB is a very strange place to say the least and so many scumbag and parasites on there it's not funny and yes they do promote and cover each other something chronic.

Fifteen years ago the scammers were on Ebay (remember Seb and his "germ UNC" coins)? Now the scammers are moving into the newer selling forums, since Ebay is basically dead for quality coins.

The sad thing is that, like Gresham's law for social media, the bad guys drive out the good guys, and all that's left are the bad ones. I know for a fact that, at least on one occasion, an experienced and trustworthy numismatist was kicked out of the group for pointing out all the scams.

Eric Eigner

[trout]

since Ebay is basically dead for quality coins.

There are still some quality coins and sellers on eBay But it is like looking for a lost sovereign at the local tip to find them, You have to dig through so much garbage to find them :angel:

[Basil]

Just MO but i think Ebay is the best(and fairest) its ever been at the moment,the PayPal refund with dodgy deals is the best improvement along with the seller not being able to leave negative FB.
FB & Gum Tree are scammers paradise at the moment,similar to Ebay in the early 2000's,welfare types spending all day dreaming up new scams instead of getting out and getting a job.
As mentioned earlier there are lots of networking with many of the Coin guys on FB,bidding up each others Coins to ridiculous prices and leaving glowing messages,makes it hard for the genuine FB Coin Sellers trying to get a foot in.

[autocoupler]

From many of the comments here on the actions of F.B. groups, it's no doubt an understatement to say there is some dodgy activity happening. As for myself, I can't offer an opinion as I make a point of not getting involved with social media, apart from the odd post here on ACF.

As suggested in an earlier post by Eric, there appears to be a decline in the  quality of ebay listings over time which I'm thinking may be the result of disillusionment for some, and the source of disappointment for many. Not knowing anything about how one would go about setting up a platform on Facebook, or indeed wanting to myself, could this be an option for those here who sometimes voice their disapproval of dodgy deeds. This way the roles could be reversed where they would be in charge of activity, admissions and dismissals :diablo:  It makes sense that an ethical and trusted group would survive and grow.

I read recently where there are approximately 8 million coin collectors in Germany, so based on our relative populations, you would think there should be at least 3 million or so collectors in Australia.

[stevo1962]

There are still plenty of good coins to be had on ebay and to a large extent facebook.In fact I can easliy buy coins on facebook and flip them for 10 times what I paid but you have to keep your eyes open and try to look at all listings as there is more competition these days and I know of plenty of ebay/facebook buyers and sellers that do it for a living and do quite well out of it. It just depends on how much effort you put into it

[markn]

Fifteen years ago the scammers were on Ebay (remember Seb and his "germ UNC" coins)? Now the scammers are moving into the newer selling forums, since Ebay is basically dead for quality coins.

The sad thing is that, like Gresham's law for social media, the bad guys drive out the good guys, and all that's left are the bad ones. I know for a fact that, at least on one occasion, an experienced and trustworthy numismatist was kicked out of the group for pointing out all the scams.

Eric Eigner

All online communities are dictatorships, this forum is no different and neither are Facebook groups.  All you can hope for is a benevolent dictator.  A well known tool of non-benevolent dictators is suppression of  dissenting opinion.  Given that almost all the bigger FB groups are being run by stooges of a well known Australian "grader" who is hanging off of the coat-tails of PCGS or by group admins using them to make money it's no surprise so many of the groups have non-benevolent admins and suppress dissenting opinions.

Personally I find reading some of the FB groups a huge exercise in frustration being unable to offer up my own opinions.  But I'd rather be in the group reading what is going on than be tossed out and having no idea.

That all being said I hope I am more of the benevolent type of overlord.  Now all of you bow down before me.:yahoo::yahoo::yahoo::yahoo::yahoo:

[wwwww]

Fifteen years ago the scammers were on Ebay (remember Seb and his "germ UNC" coins)? Now the scammers are moving into the newer selling forums, since Ebay is basically dead for quality coins.

The sad thing is that, like Gresham's law for social media, the bad guys drive out the good guys, and all that's left are the bad ones. I know for a fact that, at least on one occasion, an experienced and trustworthy numismatist was kicked out of the group for pointing out all the scams.

Eric Eigner

All online communities are dictatorships, this forum is no different and neither are Facebook groups.  All you can hope for is a benevolent dictator.  A well known tool of non-benevolent dictators is suppression of  dissenting opinion.  Given that almost all the bigger FB groups are being run by stooges of a well known Australian "grader" who is hanging off of the coat-tails of PCGS or by group admins using them to make money it's no surprise so many of the groups have non-benevolent admins and suppress dissenting opinions.

Personally I find reading some of the FB groups a huge exercise in frustration being unable to offer up my own opinions.  But I'd rather be in the group reading what is going on than be tossed out and having no idea.

That all being said I hope I am more of the benevolent type of overlord.  Now all of you bow down before me.:yahoo::yahoo::yahoo::yahoo::yahoo:

You're using the term "grader" rather liberally there, I can think of a few more choice terms that might be more apt.

[markn]

You're using the term "grader" rather liberally there, I can think of a few more choice terms that might be more apt.

I don't think the spam filter on the forum will allow me to post my real opinion.  So I'll stick with "grader" in quotes.

[Basil]

I read recently where there are approximately 8 million coin collectors in Germany, so based on our relative populations, you would think there should be at least 3 million or so collectors in Australia.

Hard to say but Central and Northern Europe have a long history of Stamp/Coin Collecting because of the Winters that create an environment for indoor activities.
When i started collecting in the early 1960's all the Dealers were primary Stamps with Coins on the side but most started pushing Coins once we headed to the Decimal change over.
I think there must be more Coin collectors than Stamps these days in Oz.,Stamps seem to be a dying hobby.

[Fulvio]

But I'd rather be in the group reading what is going on than be tossed out and having no idea.

That all being said I hope I am more of the benevolent type of overlord.  Now all of you bow down before me.

You have far more tolerance than I do, and my hat's off to you for it. :hi:. I'm too old for that BS, so I call a spade a bloody shovel, and get turfed out for it. Their loss, not mine.

Bow down? You're kidding right? Read the above. :angel:

But I'll happily sit up in the peanut gallery and throw Jaffas down at you if you like.

[Unicorn]

That all being said I hope I am more of the benevolent type of overlord.  Now all of you bow down before me.:yahoo::yahoo::yahoo::yahoo::yahoo:

https://www.youtube.com/watch?v=lBEn3a4TIUw :mocking:

[markn]

You have far more tolerance than I do, and my hat's off to you for it. :hi:. I'm too old for that BS, so I call a spade a bloody shovel, and get turfed out for it. Their loss, not mine.

Bow down? You're kidding right? Read the above. :angel:

But I'll happily sit up in the peanut gallery and throw Jaffas down at you if you like.

I like jaffas.  Go for it.

[trout]

I Love your work Mark , Well done Mate :good:

[spraggdean23]

I am only a member of one coin forum on Facebook although I have not sold anything through it or purchased anything from it. I have noticed that the grader is also a member of it. Apparently he was a very busy man at the start of this year because he had a large volume of grading to be done.