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If the item failed, the buyer would be refunded and the seller would forfeit the stamp to the APS, effectively taking it out of circulation. That ought to scarce off the crooks.
No, it won't scare away the crooks. More likely, dealers with integrity would avoid the site. Keep in mind that dealers who verify their stamps and carefully check condition have less financial leeway than some dealer who lists every stamp good or bad without regard to identification or condition.
If I send a stamp for a certificate, I expect to get it back, if for no other reason than to be able to look at it carefully and learn from it. I have an extensive reference collection with many useful examples of altered stamps, fake cancels and suspect covers. While it is not possible to identify genuine stamps from a reference collection of fakes, it may be possible to classify fakes and correlate them to a known faker. Keep in mind that some Japanese forgeries have reportedly been plated.
Quote:Items like these are exactly why I believe
ebay should return to charging a listing fee based on starting price. Before sellers go all ballistic,
ebay at the same time would reduce the final value fees, to equal net no change.
Free listings only encourage overpriced items and totally fill up searches with the same stamps over and over again, wasting everybody's time. If they still feel the need to offer free listings, put conditions on them. Like the start price plus shipping must total $1 or less.
Getting rid of the start price based listing fee was one of the best things
ebay has done. The old system overcharged sellers of $10 to $50 lots, hitting stamp sellers particularly hard. The large number of low value stamp listings on
ebay and Hipstamp seems to suggest that some sellers must have too much time on their hands or are not concerned with cash flow or making a profit.
Implicitly,
ebay charges a listing fee to store owners followed by an actual listing fee listings after the monthly "free" allocation is used up. Sellers with no store get some free listings, but not enough to account for the number of low value listings. Some
ebay buyers bid low because "they are afraid they will buy damages stamps they don't want and can't return", a quote from a Jim Kloetzel piece in the Scott Monthly Journal.
Again, the better stamp dealers have an implicitly lower margin. They will be the first to leave if
ebay starts overcharging for listing better stamps. The scheme did help keep starting prices low but some dealers found other ways, like shill bidding to bump up the price. Other dealers simply moved to fixed price listings. Now that
ebay stamp auctions are so anemic, raising listing fees on more expensive items may be the last nail in the coffin.