This is not the first time a dealer complaint to me about small time online dealer way of doing business, I think this year its already over half a dozen time. That is a huge amount considering I am not always meeting them. I know I cannot do anything about it since it is other people business. I can advice them but I don't think it will stop. They're many small time online dealer out there and not everyone of them read my blog. I remember when I start selling online in 2003, I am also doing the same thing but at that day, they're not many sellers who are doing online business for numismatic. At that day, I can find a RM10 item and sell them for RM20 on the same day. I can easily find a cheap stock since they're not many competition around. Except for my Penang sifu who are keep on advising me don't sell my item at a very low price, they're no other people who are making any noise about it. That is almost 10 years ago, today the scenario has change. We have over thousands of people who are selling numismatic related item online. Some of them just want to sell their item fast, even if it mean they don't get any profit from their sell.
Why small time online dealers are killing this hobby?
1. Selling items below market price.
2. Flooding the market.
3. Grading issue.
4. Fraud seller.
5. Using someone Identity to do online sell.
6. They think selling online don't need to follow Malaysia law.