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Replies: 90 / Views: 9,732 |
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Moderator
 United States
16679 Posts |
If he does not want to meet at a police station, deal is over..instantly.
swcoin.ecrater.com
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Bedrock of the Community
13014 Posts |
Quote: However, if he bought something in a storage locker he might not be the most numismatically savvy of people, and would not know where to take them other than a pawn shop. We all take for granted knowing exactly how to liquidate our purchases to maximize profit. If it was a numismatic item I would agree with that. Being gold though and all the attention its had the last couple years its hard to believe someone cant find somewhere to get melt for them. Not to mention that if he checked to see if they were real he would have found values as well as selling options, if he didnt even bother to look into 12 gold coins at all thats another red flag.
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Pillar of the Community
United States
1277 Posts |
I think I'd be most worried if he doesn't end up meeting you. You alone at the station, he could park at any surrounding stores or whatever and follow you where ever you go next.
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Pillar of the Community
United States
1388 Posts |
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Bedrock of the Community
Australia
21788 Posts |
I have NEVER bought a coin under these conditions. My 'never' extends over many decades.
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Pillar of the Community
Canada
2124 Posts |
Quote: sel_69l I have NEVER bought a coin under these conditions. My 'never' extends over many decades. And what about 12 coins... 
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Pillar of the Community
United States
1903 Posts |
Many people have asked why this person hasn't sold these items to a Coin Shop...and here is my guess...
Whichever state this person lives in, when selling any personal item to a Coin Shop, Pawn Broker, or any other business entity, is required to surrender indentification to the business for tracking purposes in case items are stolen so law enforcement can track the seller. Selling them privately on Craigslist is the "work around" to avoid such visibility, hence my suspicion they are stolen.
Look at the facts here... 1) This chap knows what they are worth, he has stated they are worth more than $900 each. (Make no account of the "pawn shop story", just take the fact he knows they are worth more than $900).
2) As you stated, you were able to haggle him down on his price, again another indication he knows what they are worth.
3) This guy knows that pawn shops buy gold so it is unlikely he is ignorant that there are other business entities that would buy them as well.
4) Let's assume one fact is true and that this guy does buy abandoned storage units. This would tell me he is not in a dire financial situation where he needs to get his cash fast and he can afford to wait things out and get maximum value. (This deal would contradict this fact, so is likely not true)
4a) If he bought the unit based on what he saw and the coins were a surprise...he likely got his money back on the other contents. (This deal would contradict this fact, so is likely not true)
4b) if he does buy storage units for profit, he knows the right venues to sell the contents, and is not "selling ignorant". (This deal would contradict this fact, so it is likely not true)
5) He has the upper hand in this deal... It doesn't matter to him if the gold is real or not, but the chances of your cash being counterfeit is quite unlikely. People don't have $13,000 in fake cash sitting around.
These are just the most obvious facts to examine, there are many others to consider that weigh in on this deal being legit. Here is a tidy little tip if you are still going through with it. Park somewhere where you can see the police parking area and tell the person you will meet them inside. When the person arrives, see if they drove themselves there or if they are a passenger. If they are a passenger and not the driver...do not do the deal....if the person can't drive themselves to this deal...something is up, and now that you are parked in a lot they have no clue you are in, you can slip away unidentified and safe.
6) Meeting you at a police station... This bears zero security factor other than the exact moment the goods change hands, you have to go back to the real world afterwards. Hiding in plain sight is the best way to create a sense of false security.
P.S. Just to give you my thoughts on the overall deal based on my purchasing experience. I give this deal about a 5% chance it is legit and up and up. Legit deals like this can and do happen...but 95% of the time the deal is "not as advertised"
Edited by unholyroller 01/04/2014 09:03 am
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Pillar of the Community
United States
1247 Posts |
coinkid. gold coins are gold coins. Storage locker auction buyers are not unsavvy people. This still smells of a scam.
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Pillar of the Community
United States
8516 Posts |
...and if they are stolen and can trace them to you, you're out the gold coins AND your money. Well, the police will know you're the one that bought the stolen goods, obviously.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
1388 Posts |
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Pillar of the Community
Canada
2124 Posts |
At what time is/was the meeting?
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Pillar of the Community
United States
561 Posts |
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Pillar of the Community
Canada
2124 Posts |
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Valued Member
Canada
453 Posts |
I'm just hoping that the meeting, if it happened, went okay. To most of us, this seems to be a situation requiring great caution or entire avoidance. We haven't heard from coinkid today.
I'm hoping that no news is good news.
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Valued Member
 United States
114 Posts |
Hey all! Out and about but deal went over well, will post details and pics when I get home.
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Replies: 90 / Views: 9,732 |