Currently I am working on thesis about "VAT on collector's item and philatelic stamps material" and "shares(stock) buying by looking eBay commission income from collector's items selling philatelic materials"
Recently I saw Scinde Dawk India QV 1852 stamp sold for $3070 from eBay seller "anglo-indian-affairs" from UK selling well below catalog value (CV value $9500)
To me this 160+ years old stamp is some what BOGUS because it will be very hard to find information and does not make sense about stamps from this kind country which was ruled by England, I consider this as glorified stamps.!!
(From Wikipedia : The use of the Scinde Dawk adhesive stamps to signify the prepayment of postage began on 1 July 1852 in the Scinde/Sindh district, as part of a comprehensive reform of the district's postal system. A year earlier Sir Bartle Frere had replaced the postal runners with a network of horses and camels, improving communications in the Indus river valley to serve the military and commercial needs of the British East India Company.)
Does it make sense ?
Don't you think it's like a story.!!
Why not QV stamps similar to stamps issued in England from 1840 ?
But this blog post is not about bogus stamp or FORGERY stamps but about money it generates for eBay and UK government.
Lot of money for eBay (shareholders) from commission from this transaction (10% of $3070 = $300).
But lot more money for UK government from VAT from this philatelic material.($500-550 at rate of 17.5%).
Look following screenshot about UK VAT on collector's item and philatelic stamps material
Falsification of information to evade payment of VAT may result in fines and/or criminal prosecution. eBay cooperates with government authorities in cases involving potential falsification of information to evade payment of VAT.
Do you think eBay and UK government is getting this money on Scinde Dawk India QV 1852 from "anglo-indian-affairs"?
Because chances of BUYER not paying to seller and eventually seller will file complaint with eBay and get cancel this transaction so don't have to pay commission ?
Also what are chances of SHILL bidding on Scinde Dawk India QV 1852 from "anglo-indian-affairs" (seller philatelic friends or with it's other id) might be increasing price and don't pay. ?
This two factors are very high in stamp collection selling on eBay so don't just buy stock looking this kind of information, because it might be wrong indicator.!!
I will also give you some points to think about this transaction of Scinde Dawk India QV 1852 from "anglo-indian-affairs" so you can decide whether seller got money from buyer or it's a SHILL bidding by looking about details of each bidders which are
Total bids:
Items bid on:
Bid activity (%) with this seller:
Bid retractions (6 months):
From this you can predict what's going on.
SHILL bidding or not.?
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| http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=221972071949&rt=nc&_trksid=p2047675.l2565 |
- There were 10 bidders and 38 bids on Scinde Dawk India QV 1852 from "anglo-indian-affairs"
- Bid started by t***8(5296)
Now if you see 30-Day Summary details about t***8 bidder you will be surprised.
Total bids: 692
Items bid on: 346
Bid activity (%) with this seller: 13%
Bid retractions (6 months): 14
Can you believe that bidder t***8 is bidding on Scinde Dawk India QV 1852 from "anglo-indian-affairs" for 346 items with 692 bids.
But 13% bids are with this seller "anglo-indian-affairs".!! (85 bids with this seller).
Also 23 bids a day done by t***8 bidder.!!
Also bidding on 31 items in a day.!!
Don't it look like a DAY TRADER of stocks.!!
Now let's see 5th bidder d***i (1312) Scinde Dawk India QV 1852 from "anglo-indian-affairs"
Total bids: 1813
Items bid on: 365
Bid activity (%) with this seller: 27%
Can you believe that 1813 total bids in 30 days on 365 items. ?
27% bid activity with this seller "anglo-indian-affairs". (450+ bids with this seller).
60 bids every day!!
Bids on 32 items every day.!!
'
Now you go through following screen shot and decide about this bidders and think whether it's SHILL bidding or genuine transaction.
After looking above screenshot what is your idea or opinion about this transaction and value of Scinde Dawk India QV 1852 from "anglo-indian-affairs"
Did you notice any unusal activity from following ?
Total bids:
Items bid on:
Bid activity (%) with this seller:
Bid retractions (6 months):
Do you think it's SHILL bidding ?
Do you think eBay got commission ?
Do you think UK government is getting VAT on philatelic material selling on eBAY by seller "anglo-indian-affair" ?
Thanks
GSC.
