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Buying Expensive Coin Without Certification Number Available

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Author Previous TopicReplies: 23 / Views: 3,851Next Topic Page 2 of 2
Pillar of the Community
United States
7641 Posts
 Posted 05/01/2018  11:27 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
Red flags were up everywhere and YOU still decided to set sail for the eye of the hurricane!

Hope this works out well!
Pillar of the Community
United States
5838 Posts
 Posted 05/02/2018  01:41 am  Show Profile   Bookmark this reply Add macmercury to your friends list

Quote:
bought a rather expensive coin on a website where the seller did not provide certification number until auction ended.


I don't have to read the rest of it to know you got scammed. What auction site so other can avoid?
Bedrock of the Community
Australia
21788 Posts
 Posted 05/02/2018  02:14 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Women have intuition, men have hunches.
They are of equal strength.

OP's is working fine.

I won't say how I buy expensive coins; that is just being wise after the event in this case,
just to say that I use a 'belt and braces' approach to buying.

You need use this sort of philosophical approach, when comes to buying real estate, cars, and sadly, expensive coins.

I hope this story has a good ending.
Pillar of the Community
United States
1101 Posts
 Posted 05/02/2018  06:05 am  Show Profile   Bookmark this reply Add shotgung to your friends list

Quote:
Houston perhaps? Or So Cal/LA?
Rockport, TX


Quote:
PCGS doesn't have their own photo on their site, further down the certification page are links to where that coin had been seen on other auction sites -- sometimes there are photos there. If those photos don't match your coin, you've been had.
When I spoke w/ PCGS on the phone, I asked if the coin had pictures and he said no. The coin sold on Stacks Bowers in August 2017 and had pictures. So when coin arrives, I can compare to those.

He didn't provide shipping last night. I'll start a AMEX dispute this morning.
Bedrock of the Community
United States
20753 Posts
 Posted 05/02/2018  08:38 am  Show Profile   Bookmark this reply Add just carl to your friends list
Just one of the reasons I keep away from on line sales. Hopefully your outcome will be OK.
Pillar of the Community
United States
7840 Posts
 Posted 05/02/2018  09:32 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list
I found a coin that was listed at Dealer A's website. Called Dealer A and he said that it was "missing" from their vault. I asked him the keep me informed if they find it. Later that day I see the same coin, PCGS Certification number matched and images, so I called Dealer B to ensure that the coin listed was the coin they had on hand. It matched...I bought it. The coin is now safe with my imager friend.

Hopefully your outcome will bear similar semblance as well.
CCF Advertiser
United States
1533 Posts
 Posted 05/02/2018  09:57 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list
Photos from auction sites being used is hardly a red flag. I sell coins all the time that I bought at auction using the photos from Heritage or Stacks for no other reason that they take good photos.

There are also some bottom feeder dealers that try to sell coins they do not have by reposting them from dealer sites figuring if they sell, they can buy them at the dealer's posted price. This too will lead to multiple listings as well as reused photos as they don't have the coin on hand. This has led to some Facebook groups insisting that any coin posted over $200 has to have a piece of paper with your name and date on it in the picture.
Pillar of the Community
United States
992 Posts
 Posted 05/02/2018  12:03 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list
Dealers offering to sell coins they don't possess is an act of fraud. There is no guarantee they will even attempt to purchase the coin from another vendor at some lower price.

If there are two coins on ebay with the same numbers, I'll wager both of them are fakes.
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United States
54283 Posts
 Posted 05/02/2018  1:35 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
I predict the coin you receive will look nothing like the images from the Heritage auction.

If it sold for three times "rather expensive", it must have made you think you got quite a bargain.
Pillar of the Community
United States
1101 Posts
 Posted 05/04/2018  09:31 am  Show Profile   Bookmark this reply Add shotgung to your friends list
Filed a dispute with AMEX, quick investigation. Square shut this seller down and AMEX refunded my money. Seller called raising heck and said coin was enroute, though he still hasn't provided me with a tracking number. Case closed in my book with positive outcome for me
Pillar of the Community
United States
2023 Posts
 Posted 05/04/2018  11:23 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list
Good to hear. You could still be surprised with a genuine coin falling out of the mail, but I'm betting this was the right thing to do. The flags were all over the place, and refusing to provide tracking information is the kicker. If he couldn't even give that the AMEX or Square, something is definitely wrong.
Pillar of the Community
United States
8715 Posts
 Posted 05/04/2018  11:29 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
No tracking number + expensive coin = suspicious/scam.
Pillar of the Community
United States
1201 Posts
 Posted 05/04/2018  11:37 am  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list
Worst case, if it arrives and is legit (small chance) you can always send the money back to the seller.
Pillar of the Community
United States
1101 Posts
 Posted 05/04/2018  12:55 pm  Show Profile   Bookmark this reply Add shotgung to your friends list

Quote:
Worst case, if it arrives and is legit (small chance) you can always send the money back to the seller.
And that's exactly what I told him two nights ago and he threatened to file a police report. I have yet to hear from an officer
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