Scam On Craigslist Be Aware

not only is he giving you war nics and 40% JFKs but he's charging 46x face value for silver coins.
NO THANKS!!

Craiglisters are scammers alot or just plain try to rip you off, we have a few locally that I have contacted about selling or buying silver when they list what coins they have or want but don't give a price. Usually they are selling at 40 times face or higher and buying around 20 times face value. What is stupid is they use the same email address for both posts.

I too suspect the seller in this instance has a bunch of coins he thinks are pure Silver. He hears how much Silver is now worth and is just trying to get as much money for his Silver as possible.
I've always found that the vast majority of people have little to no knowledge of Numismatics. It is usually only people involved in coinage that sees scams in every sale since they are the few that really knows what is what in coins.
But on the other side of the coin, so to speak, yes there are a real lot of scammers out there also.

This is why as a new collector, when I buy silver coins. I am paying over sixty and up for coins that will grade at that price. This takes the silver equation out of the picture. Now I have a nice coin and my collection will always be fairly valued in the future.
Big Ed

Don't buy coins on Craigslist...period.

I wouldn't say never use it, but just don't expect much
I bought from a Craigslist ad once
the guy said he had a bunch of silver and wasnt a collector, just stuff he pulled back in the day when he was a cashier
I bought a bunch of silver off him for melt, he threw in a 2 pound bag of wheats and a big bag of foreign.
foreign contained 2 indian heads
wheats contained a 1922 I got certified (1922 no D) and silver has more then doubled since the buy
I wouldn't say never but beware lol

I failed to mention above that at that time I was also paying $8.00 each for all common date Morgan & Peace Silver Dollars ($2.00 above what the coin dealers were paying)...

Selling on Cragslist is definitely more hazardous then buying. If you are selling there is a danger of your property being taken from you during the presentation (or bodily harm to you) even if the meeting is in a public place, as the lady in the above story.

If you are the buyer then the danger is bad or counterfeit merchandise, which you protect against by bring a loupe, small scale, and magnet. One might argue that "Hey, they can rob you of your money if you are the buyer". Yes, that's true but the "bad guys" generally don't have property or cash to bring to a meeting (or won't), so it is easier for them to play the buyer.

Monkeyman's suggestion to buyers about bigger deals is good advise - first meet to just see an example of what the seller has, and then complete the transaction at the bank. This also puts your sellers at ease when you suggest a "first meeting". So, determining the size of the deal before the meeting (e-mail or phone) is important for buyers.

The Danester.