April 2003 Newsletter

    The morning the war broke out in Iraq I was at the Kwa Ndebele site to buy quartz for my customers. There were dozens of miners waiting to sell quartz to me. Great was my surprise when they asked me : "What war?" This made me realize how we may be influenced by the media and our perceptions. Here was a people who carried on with their lives regardless of the happenings in the world around them.

    One of my friends said that maybe business would be bad up ahead. My feeling was the following. I sell beautiful rocks to people who appreciate them and if people want to fight, I am not going to allow it to determine my destiny.

    I have started something new that is working splendidly for me at the moment. Auctions. I will devote this newsletter to the subject of auctions.


    This month we cover the following

  • Internet Auctions. 

  • NEW!!! Auctions on the Mineral Gallery website

  • Series on minerals. Sedimentary rocks : Calcite

  • Lastly we have our regular Silver Hills Mineral Gallery link to our updates page.


    Be blessed as you read this newsletter.

    Gerdus

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Internet auctions

A Guide for Buyers and Sellers

 

Whether you're looking for a collectible or thinking about selling that treasure you discovered in the attic, an Internet auction may be just the thing for you.

Since their first appearance in 1995, Internet auctions have become one of the hottest phenomena of the web. They offer buyers a "virtual flea market" with an endless range of merchandise from around the world — and they give sellers a "storefront" from which to market everything from sports memorabilia to computer systems to millions of international buyers.

Whether you're a buyer or a seller, there's a smart way to "do" Internet auctions. Here's how to make sure you get the most from your auction action.

 

How Auctions Work

Internet auctions are bazaars. In most cases, sellers offer one item at a time, but sometimes sellers offer multiple lots of the same item. The auction web sites often refer to auctions of multiple items as "Dutch" or "English" auctions. At some sites, the seller may be required to sell all items at the price of the lowest successful bid. At other sites, the seller is entitled to the prices bid by each of the highest bidders.

Occasionally, Internet auction sellers set a "reserve price," which is the lowest price they will accept for an item. Some sites disclose the reserve price during the auction.

The bidding for each auction closes at a scheduled time, when the highest bidder "wins." In the case of sales of multiple lots, the participants with the highest bids at the close of the auction are obligated to buy the items. If no one bids at or above the reserve price, the auction closes without a "winner." At the close of a successful auction, the buyer and seller communicate — usually by e-mail — to arrange for payment and delivery of the goods.

Kinds of Auctions 

Internet auctions can be business-to-person or person-to-person.

Operators of business-to-person auction sites have physical control of the merchandise being offered and accept payment for the goods. In person-to-person auctions, individual sellers or small businesses offer their items for auction directly to consumers. Generally, the seller — not the site — has physical possession of the merchandise. After the auction closes, the seller is responsible for dealing directly with the highest bidder to arrange for payment and delivery.

Payment Options 

Buyers may have several payment options, including credit card, debit card, personal check, cashier's check, money order, cash on delivery and escrow services. However, all sellers do not accept all forms of payment.

Credit cards offer buyers the most consumer protections, including the right to seek a credit from the credit card issuer if the product is not delivered or if the product received isn't the product ordered. Typically, sellers using business-to-person auction sites accept payment by credit card. But many sellers in person-to-person auctions don't. Usually they require payment by cashier's check or money order before they send the item to the winning bidder.

Some sellers agree to use an escrow service. For a fee — generally 5 percent of the cost of the item, paid by the buyer — an escrow service accepts payment from the buyer via check, money order or credit card. The service releases the money to the seller only after the buyer receives and approves the merchandise. This helps protect buyers from ending up empty-handed after paying their money. The flip side? Using an escrow service can delay the deal. As with any business transaction, investigate the escrow service's reputation before signing on to the service.

Occasionally, sellers agree to send items COD, with the buyer paying when the item is received.

Consumer Concerns

According to the Federal Trade Commission, Internet auction fraud has become a significant problem. Most consumer complaints center on sellers who:

 

  • don't deliver the advertised goods; 

  • deliver something far less valuable than they advertised; 

  • don't deliver in a timely way; or 

  • fail to disclose all the relevant information about the product or terms of the sale.

If You're A Buyer...

Quick Tips for Buyers 

  • Identify the seller and check the seller's feedback rating.

  • Do your homework. Be sure you understand what you're bidding on, its relative value and all terms and conditions of the sale, including the seller's return policies and who pays for shipping.

  • Establish your top price and stick to it. 

  • Evaluate your payment options. If possible, use a credit card. It offers the most protection if there's a problem. Consider using an escrow service if the seller doesn't accept credit cards.

  • Know the Seller 

  • Find out who you're dealing with. Verify the seller's identity before you place your bid, and be wary of sellers who you can't identify. Some sellers may use a forged e-mail header, which makes follow-up contact close to impossible.

  • Get a telephone number for the seller and use it to confirm that you have some way other than e-mail to contact the seller.

  • Check to see how the seller has treated other buyers. Some auction sites post feedback ratings of sellers based on comments by other buyers. This may give you some idea of how you'll be treated, but beware of "shill" testimonials.

  • Before you bid, find out what form of payment the seller will accept. If the seller accepts only cashier's checks or money orders, decide whether you are willing to take the risk of sending your payment before you receive the product.

  • Find out who pays for shipping and delivery. Generally, sellers specify the cost of shipping the item and give buyers the option of express delivery for an additional fee. If you're uncertain about shipping costs, check with the seller before you bid.

  • Check on the seller's return policy. Can you return the item for a full refund if you're not satisfied with it? If you return it, are you required to pay shipping costs or a restocking fee?

  • If you have any questions about the item, e-mail or phone the seller. Don't place your bid until your questions have been answered.

Know the Product 

  • When considering whether to place a bid, know exactly what you're buying. Read the seller's description of the item or service, and if a photograph is posted, take time to look at it closely.

  • Try to determine the relative value of an item before you bid. There's no guarantee that something is a good deal just because it's on the Internet auction block. "Brick-and-mortar" stores and on-line price-trading sites may be good reality checks on price. If you find a bargain at an auction site, remember the adage about deals that seem too good to be true. They usually are.

  • Read the fine print. Look for words like "refurbished," "close-out," "discontinued" or "off- brand," especially when shopping for computer gear or electronic equipment.

  • Consider whether the item comes with a warranty, and where you'll get follow-up service if you need it. Many sellers don't have the expertise or facilities to provide services for the goods they sell. If that's the case with your seller, be sure you're willing to forfeit that protection before placing a bid.

Know the Auction Site 

  • Check how the auction works. Don't assume that the rules used by one Internet auction site apply to another. Some sites offer step-by-step tutorials that take potential buyers through the bidding process. Taking a few minutes to go through the tutorial might save you frustration or disappointment later.

  • Find out what protections the auction site offers buyers. Some sites provide free insurance or guarantees for items that are undelivered, inauthentic or just not what the seller claimed.

Bidding

If you decide to enter the bidding, proceed with caution. Establish your top price and stick to it.

Don't bid on an item you don't intend to buy. Remember that if you're the highest bidder, you are obligated to follow through with the transaction. Auction companies often bar "non- paying bidders" — those who back out of a deal — from future bidding.

When bidding, take steps to protect your privacy. Don't give out personal identifying information like your Social Security number, driver's license number or bank account number. No seller should need it.

Save all your transaction information. Print or make note of the seller's identification, the item description and the time, date and price you bid on the item. Print and save a copy of every e- mail you send or receive from the auction company or the seller.

Wrapping Up the Deal 

After you receive an e-mail with news that you've "won" an auction, arrange to pay for your purchase. Pay with a credit card, if possible, but it's likely that the seller will require payment by certified check or money order.

If you're not comfortable sending a certified check or money order to the seller, consider using an escrow service or paying for your item cash on delivery.

Where to Turn for Help

If you run into a problem during your transaction, try to work it out directly with the seller or with the auction web site. If that doesn't work, file a complaint with the Federal Trade Commission by calling toll-free 1-877-FTC-HELP (382-4357) or visiting the FTC's web site at www.ftc.gov. Although the Commission cannot resolve individual problems for consumers, it can act against a company if it sees a pattern of possible law violations. You also may want to contact your state Attorney General or your local consumer protection office.

If You're A Seller...

Quick Tips for Sellers

  • Provide an accurate description of the item you're selling, including all terms of the sale and who will pay shipping costs.

  • Respond quickly to any questions bidders may raise during the auction.

  • Contact the high bidder as soon as possible after the auction closes to confirm details of the sale.

  • Ship the merchandise as soon as you receive payment. 

 Your Legal Obligations

Federal laws prohibit deceptive or misleading acts in commerce, including Internet auctions. You are required to advertise your product or service and the terms of the sale honestly and accurately.

Sellers are prohibited from placing "shill" bids or false testimonials. Some sellers improperly create a fake identity and bid on their own auctions to drive up the offers. Likewise, some sellers place glowing testimonials about themselves in the comment section of Internet auction sites. These practices are not only unethical, they're also fraudulent.

Sellers are prohibited from offering illegal goods through Internet auctions. While many auction sites monitor their sites and attempt to delete illegal items, the ultimate responsibility for ensuring that a sale is legal rests with the seller and buyer. Some auction sites post a list of prohibited items as a guide.

After the auction closes, sellers are required to ship the merchandise within the time frame designated during the auction or, if no time frame is specified, within 30 days. If you can't meet the shipping commitment, you must give the buyer an opportunity to cancel the order for a full refund or agree to the new shipping date.

Advertising Your Product 

  • Describe your item or service — and its condition — as fully and accurately as possible, including whether it's new, used or reconditioned.

  • Anticipate questions buyers might have and try to answer them in the description of your item or service. When possible, include a photograph of the item. The saying about a picture being worth 1,000 words rings especially true in Internet auctions.

  • When putting an item up for auction, set the minimum bid at the lowest fair price you're willing to accept. Specify who will pay for shipping, and add whether you'll ship internationally.

  • State your return policy in your auction description, and if you require the buyer to pay shipping costs or restocking fees for returns. Tell bidders where to get follow-up service. If you don't provide service for the item, say where the bidder could get it.

The Art of the Deal 

If a bidder asks a question about the item you're selling or the sales terms, respond as quickly as possible.

When the auction closes, print all the information about the transaction, making a note of the buyer's identification, the description of the item and the time, date and price of the bid. Print and save a copy of every e-mail you send and receive from the auction site or successful bidder.

Contact the winning bidder as quickly as possible after the auction closes. That's the time to confirm the final cost, including shipping charges, and to tell the buyer where to send the payment.

Most sellers in person-to-person auctions require buyers to pay by check or money order because they don't have the capability to accept credit card payments. These payment methods offer fewer consumer protections than credit cards, so be aware that some buyers may not be comfortable using them. Some on-line auctions and third parties enable sellers to accept credit card payments. Review the terms of these offers carefully. If you accept credit card payments, bill the buyer's credit card account only when you're ready to ship the product.

More information on auctions can be gained on the e-bay site at www.ebay.com

The link below will take you to a comprehensive list of auctions on the web

http://dir.yahoo.com/Business_and_Economy/Shopping_and_Services/Auctions/

         

Sedimentary rocks : Calcite

Calcite is a common rock but it forms a fantastic variety of aesthetic crystals.

Limes tone, composed mainly of calcite, is a common sedimentary rock underlying large areas on every continent.

It is also the most soluble of the sedimentary rocks.

Rain water with carbon dioxide in it will dissolve limestone at the earth's surface at the rate of about one foot in two hundred years

On a geologic time scale, this is extremely rapid. Large amounts of calcium carbonate are thus constantly carried to the sea to be deposited once more as limestone and once again to begin the cycle.

In limestone regions it is not only the surface of the rock that is dissolved. As the rain water works its way downward, it enlarges the cracks in the rocks through which it moves, forming large channelways for underground drainage.

The extensive systems of caves and caverns found in many parts of the world have been formed in this way.

If water with its dissolved calcium carbonate emerges as a spring from a hillside, some of the calcium carbonate forms a porous deposit called travertine or calcareous tufa, made up mostly of calcite.

The calcareous material en-crusting the objects over which the water flows is frequently the petrifying material of fossil plant and animal remains.

Most travertine is a gray friable or crumbly mass possibly colored by small amounts of impurities. The town of Yellow Springs, Ohio, gets its name from a travertine deposit colored a yellowish red by a small quantity of iron.

Calcium carbonate separated from the warm water emerging from the ground at Mammoth Hot Springs in Yellowstone National Park has formed the famous van-colored terraces there.

At Carlsbad (Karlovy Vary), the celebrated spa in Bohemia, Czechoslovakia, similar deposits of Sprudeistein have formed from the numerous hot springs.

Although most travertine is soft and crumbling, some is cohesive and hard enough to be cut and polished for use in floors and wainscoting in public buildings.

Such decorative material comes mostly from Tivoli near Rome, Italy. It is the principal building stone of Rome and is used for decorative purposes throughout the world.

After channels arid cavities have appeared in a limestone rock, a decrease in rainfall may cause precipitation, that is, the formation of deposits rather than further solution.

Only small amounts of water may enter the cavern and drip slowly from the rooftop.

Evaporation will then cause the calcium carbonate in the water to build stalactites downward from the roof and stalagmites upward from the floor.

If they meet, a column is formed. Cave deposits may have the appearance of hanging draperies, festoons, or other fanciful shapes.

Water seeping on the floor of a cavern may build up a layered translucent deposit resembling a frozen cascading waterfall.

Although much less common than calcite, the mineral aragonite, another form of calcium carbonate, may be precipitated as cave deposits.

In some Mexican caverns alternating layers of calcite and aragonite form an attractive decorative material. Fashioned into small objects it is sold under the name of Mexican onyx.

Similar material used by the early Egyptians was called "Oriental alabaster."

Long after the formation of a cave, solutions rising from depths may encrust the floor, roof and walls with well-formed crystals containing elements completely foreign to the surrounding limestone. The best exhibit specimens of many minerals have been removed from such crystal-coated caverns.

An ancient series of adjoining caverns exists in the region surrounding the meeting point of Missouri, Kansas and Oklahoma. This area, known as the Tri-State district, has long been a major producer of lead and zinc.

The ore minerals galena and sphalerite were deposited in rock cavities only a few hundred feet beneath the surface.

The district has not only furnished superb specimens of these minerals but equally fine specimens of many others. The mineral marcasite, which is iron sulfide (FeS2), is found in exceptionally fine crystal groups in this district.

It is found in stalactites covered with crystal faces; or it may occur in aggregates called "cockscomb marcasite."

In the same association, pinkish crystal crusts of dolomite with a pearl-like luster called "pearl spar" coat crystals of minerals formed at an earlier time.

Sprinkled at random on all the crusts are tiny, well-formed, brass-yellow crystals of chalcopyrite.

Similar deposits in limestone of such crystallized minerals are known in many parts of the world, most strikingly at Bou Beker, Morocco on the Algerian border, where mining of lead-zinc ore has revealed the same associations.

Calcite

Calcite, a common associate of ore minerals, is found in many mining districts.

Some of the most famous localities for beautiful crystals are: Cumberland, Durham, Lancashire and Cornwall in England; the Harz Mountains and the silver mines of Freiberg and Schneeberg in Germany; and Pribram in Czechoslovakia.

But in no place is calcite found more abundantly in well formed crystals than in the American Tri-State district.

The region is especially noted for clear to amber-colored calcite crystals of many shapes and sizes; the long dimension of some crystals is as much as six feet.

Since the mineral is of little interest to miners, many caves lined with calcite have remained intact.

No experience can be more thrilling to a mineralogist than to enter such a cavern and see the light of his torch reflected from a myriad of crystal faces.

Calcite is unique in the diversity of its crystal forms.

When chemically pure, it is clear and colorless and called Iceland spar from its occurrence in cavities in lava flows near Helgustadir on Eskefiord, Iceland.

It is more commonly milky white but may be tinted red, green, blue or yellow.

Interesting crystals of calcite enclosing grains of sand are found in the Bad Lands of South Dakota and at Fontainebleau in France. These "sandstone crystals" are formed by calcite crystallizing in sand. A single crystal continuity may extend for several inches, incorporating as much as sixty per cent quartz sand.

Clear calcite shows better than any other common mineral the property of double refraction, that is, the breaking of light into two rays, each of which produces a separate image.

In 1828 William Nicol, taking advantage of this double refraction, constructed a prism from calcite that eliminated one of the rays, permitting the other to emerge as plane polarized light.

Ordinary light vibrates in all directions at right angles to its path; plane polarized light also vibrates at right angles to the path, but in a single direction.

As an integral part of the polarizing microscope, this "nicol prism" gave a great impetus to the study of minerals and an understanding of the optical properties of crystals.

One of the most noticeable features of calcite is an excellent rhombohedral cleavage that permits it to break into rhomboidal fragments.

The first speculation regarding the internal structure of crystals was brought about by a study of this cleavage. In 1782, Rene' Just Hatiy, a professor at the University of Paris, was horrified when a friend accidently shattered a prized calcite crystal by dropping it on the floor.

However, the accident had its rewarding side, for Hatiy noted that both large and small fragments had the same shape, and suggested that the cleavage rhombohedron is the primitive form out of which all calcite crystals are built. By analogy he suggested that other crystals are also built of primitive forms of varying shapes, a premise that with modifications is held today.

Calcite is a much prized mineral to collect. It comes in over 26 different crystal habits and almost as many colors. Some collectors have a separate cabinet where they only collect calcite.

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