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Help! I've Bought A Coin And I Realized Its A Counterfeit.

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 21 / Views: 6,043Next Topic Page 2 of 2
Valued Member
Canada
257 Posts
 Posted 05/21/2016  12:31 am  Show Profile   Bookmark this reply Add GregJG to your friends list
I'll screenshot and print them along with anything else I can find.
iPhones are useless for exporting texts.
New Member
Canada
9 Posts
 Posted 05/21/2016  06:56 am  Show Profile   Bookmark this reply Add sophiew to your friends list
Is the Kijiji listing still active? Or has he posted others?
Pillar of the Community
Canada
1027 Posts
 Posted 05/21/2016  07:26 am  Show Profile   Bookmark this reply Add New1954 to your friends list
It hurts to be ripped off.

Thank your stars that it was a small amount of money. That Snowy Owl face value of $250.00 should have been the first clue it was a fake when you purchased it for only $110.00. This coin sells for over $2,000.00. This is the reason I never purchase coins from kijiiji.

If you know a coin dealer, when making these deals, why don't you ask the seller to meet you at one of these locations? This will definitely get rid of those shady people.
Pillar of the Community
Canada
6768 Posts
 Posted 05/21/2016  09:18 am  Show Profile   Bookmark this reply Add Silveroid to your friends list
Sorry to hear about this rip-off

I would report this to police, just to stop this.


Quote:
The $250 face value on the coin should have been a tell tale sign that it was a fake.


The real coin is $250, and the sign that that purchased coin is fake - price CAD 110 for 250 FV coin.

I find the Kijiji the best way to sell or buy coin (but only inexpensive, $100 range), cause you see the actual item. And when selling them - your discount (or margin) should be reasonable and not suspicious.

@GregJG, some positive point:
this case isn't nice, but keep in mind, while collecting, in the future, you probably will lose more than CAD 100 on absolutely genuine RCM or other mint coins, due to decrease of their value.
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United States
54284 Posts
 Posted 05/21/2016  10:43 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
Hint it is fake before the sale:
Why would someone ever sell s $250 face value coin for $110?

Hint seller knew it was fake:
Why would someone PAY $350 for a coin, then sell it to you for $110?

You should test (magnet) or compare (photographs) before you part with your money.

The police can find out who the seller is from Kijii or telephone records.
The police, however, may not be interested in investigating a $110 loss when they may have more pressing duties.
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Pillar of the Community
Canada
5324 Posts
 Posted 05/21/2016  10:55 am  Show Profile   Bookmark this reply Add john100 to your friends list
It's still up to the RCM to do their moral and legal duty to protect their coins to prevent the majority of these fakes.
Pillar of the Community
Canada
2845 Posts
 Posted 05/21/2016  12:36 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list

Quote:

The police, however, may not be interested in investigating a $110 loss when they may have more pressing duties.


I suspect that someone who thinks they're getting a good deal and gets ripped off is more likely to report it. That's not a bad thing but it's the other type of buyers who pay full value who later may be too embarrassed to report it or too much time has passed, who go unnoticed. The statistics of a high percentage of people that never report higher value fraud are very alarming.
Valued Member
United States
392 Posts
 Posted 05/21/2016  1:09 pm  Show Profile   Bookmark this reply Add jack316 to your friends list
First, I'm sorry that you were cheated. Most of us have been, at one time or another, and it's never pleasant. I'm an older, retired military guy, so I actually had to look up kijiji. I had no idea what it was (thought it might be some small, native province in Canada - lol).

Wikipedia says that kijiji is wholly owned by ebay. Is it possible that you might have some recourse there? If nothing else, it seems that the Seller should be reported. That he stopped communicating, causes me to be suspicious of him.

These are only thoughts to try to help. I'm sorry for your misfortune. Best of luck. Jack
Valued Member
Canada
257 Posts
 Posted 05/21/2016  1:12 pm  Show Profile   Bookmark this reply Add GregJG to your friends list
Kijiji is very much like Craigslist for those who haven't heard of it.
It is owned by ebay but is only classified ads and not subject to buyers protection like ebay has.
Thank you everyone for your help, will be following up with the police later today (he still has not responded to any of my texts, which I too agree is suspicious, as he would reply within 1-4 minutes before that)
Pillar of the Community
Canada
2984 Posts
 Posted 05/21/2016  4:30 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list
Its not that a $250 FV coin sold for $110 is indication of fraud. The real Snowy Owl Coin is 1 kg or 2 lbs. How can anyone not know it is a counterfeit when the size and weight difference is so substantial?
Clearly, a 2 lb sized coin is much different than 1 oz coin.
Pillar of the Community
Canada
6768 Posts
 Posted 05/21/2016  11:14 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list

Quote:
Its not that a $250 FV coin sold for $110 is indication of fraud. The real Snowy Owl Coin is 1 kg or 2 lbs. How can anyone not know it is a counterfeit when the size and weight difference is so substantial?


You do not take in account, that collector (buyer) could be totally novice, without knowledge in original RCM items, which understandable.
But paying CAD 110 for 250 face value - isn't extremely suspicious?

...it's OK, we all learn


Quote:
(he still has not responded to any of my texts, which I too agree is suspicious, as he would reply within 1-4 minutes before that)


In theory, the seller could have also no clue in this item. and since you discovered and proved that it fake, he just afraid to reply, cause no one wants criminal record.
But still report it...who knows
Edited by Silveroid
05/21/2016 11:18 pm
Valued Member
United States
392 Posts
 Posted 05/22/2016  12:18 am  Show Profile   Bookmark this reply Add jack316 to your friends list
You know, I've made some stupid coin purchases in the past, and I'm sure I'll make others. I don't believe that my mistakes set me apart from the majority of collectors. I'll wager many (read: MOST) of us, at one time or another, held our breath and made a deal that was "too good to be true."

There are times when the excitement of a special coin purchase over rides the thought process. Hind sight is so very crystal clear. Early in my return to coin collecting I enthusiastically paid $400 for a complete BU/Proof Ike set. It was (maybe) worth half what I paid. It was a limited time deal, take it or leave it, the price goes up at midnight, blah, blah, blah! Stuff happens (I read about it on a bumper sticker).

There's no shame in being exploited. The SHAME is that the world is full of folks who are willing to cheat others. Jack
Pillar of the Community
Canada
2019 Posts
 Posted 05/22/2016  05:18 am  Show Profile   Bookmark this reply Add Northerncoins to your friends list
I found a few "coins" in "lots"of coins I had bought from time to time, have a 1888 Morgan dollar, a few Roman silvers, a few Chinese old "silver" dragon 1800s coins.

I didn't pay very much for each lot ( $10 or less for like 20 coins) didn't know much about 'fakes" back then. Most of the coins in the lots were in the 1900s and not really worth much, the main reason for buying the lots was for the "large" old "silver" (ha ha not) coins that were in each lots.

Anyways a long story short, I researched the old 1800s coins and Roman coins and found them to be fakes, ok a cheap lesson learned, at that time in my collecting journey I wouldn't have bought expensive coins any ways so I guess I feel fortunate to have gained a "spider sense" about coins that appear to be too good to be true.

Btw those fake Romans were the hardest to find, spent hours searching for the exact ones I had, for a time I thought I had some really rare Roman silvers ( lol ) because no info was found, actually had to sign up to a Roman coin forum and post pics of them, I really had no clue they were faked, I was just wanting a dollar value on them, they soon informed me of the "value"


Guess I should add.

Now begs the question " what should I do with them" I know they are fakes, but if I die etc, someone looking though these might think they have struck a gold mine, lol.

So anyways either destroy them or keep them in something marked "fakes" so if I am not around others know.

I would never try to sell them , its just not worth the few bucks you might make even listing that they are "copies" etc, I mean your tarnishing your good name and then others may look at all your coins as suspect.
Edited by Northerncoins
05/22/2016 05:33 am
Rest in Peace
Canada
1360 Posts
 Posted 05/22/2016  10:47 am  Show Profile   Bookmark this reply Add Dcadon to your friends list

Quote:
How can anyone not know it is a counterfeit when the size and weight difference is so substantial?


Just this week, I met a guy with a handful of Silver 1 ounce coins. I brought along a real SML, my scale with 'troy ounce' setting, and a magnet.

Just a little paranoid after all the chatter about fakes.

(All the coins checked out - 3 different Chinese 10's, 2 Aussie dollars, a UK 2 lb 'Year of the sheep' and something called a 'Bear Bull' coin. )
Valued Member
United States
392 Posts
 Posted 05/22/2016  7:14 pm  Show Profile   Bookmark this reply Add jack316 to your friends list
Northerncoins - Very well said. I can only add a HUGE - AMEN! These are always lessons hard learned . I noticed just writing about my mistakes, makes those old wounds start bleeding again. By the way, I'd definitely put the fakes in 2 X 2s, clearly labelled "FAKE," maybe even use a highlighter over the word "FAKE." Jack
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