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DavidI do wish to point out, that on a legal and even technical basis I agree with Koos. NASA, a related version of AAA, did misrepresent these cutouts, actually calling them trading cards. Today, AAA does not represent them as trading cards, so it is more than unlikely that they, or the seller, are breaking any laws (which is why I didn't use the word fraud). I also agree that some 'cutouts' have actual value and esteem in a hobby. Things like the Darby Chocalates or Harper's Woodcuts or some of the Police Gazzette's are essentially cutouts or tearouts. I also agree that buyers have the God given right to spend way too much on dumb things, and buyers prove this every day (even me once in a while).
My problem with Libertyforall et al is not that they are currently breaking the law, or even any eBay rule, but they are acting, in my opinion, unethically. Legal and etheical are not always one and the same. Ethical doesn't always mean what you can get away with legally.
I must admit, that I, off the cuff, dismissed your posts, but, after actually reading them, they are lucid.