Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

1923 One Million Dollars

To participate in the forum you must log in or register.
Author Previous TopicReplies: 23 / Views: 13,170Next Topic
Page: of 2
New Member
Iokepa's Avatar
Liechtenstein
1 Posts
 Posted 02/18/2014  05:43 am Show Profile   Bookmark this topic Add Iokepa to your friends list Get a Link to this Message Number of Subscribers
Dear CCF,

I would kindly ask for your quick opinion on the following.

Recently I was contacted by one of my friends in the US. She said that her good friend inherited large amount of 400oz gold bars, after her grandfather passed away and that these bars are in Julius Baer Bank in Zurich and she asked me for help, as nowadays Swiss-US banking industries are not exactly in friendship.

She also said that she has a medallion that her family legally inherited after her grandfather who opened an account in Julius Baer Zurich in 1923 and bought gold for 1.000.000 USD. I checked that back in 1923 one million dollar could buy about 1500kg of gold, which this lady now believes she should be able to get from Julius Baer Bank with help of lawyers.

The thing is, I asked her to send me the picture of the medallion, as I was expecting something reasonable issued by Julius Baer Bank itself, but all I got was a picture of a coin that is for sure discussed furthter here in forum Million Dollar Coin:

https://goccf.com/t/85856

While I am no expert in coins, I am almost sure that this coin in some novelty fake, however I still do not understand why and how they would want to trick me.

They state that within the medallion, which is the above mentioned One Million Dollars Coin supposedly from 1923, there is a encrypted Julius Baer Gold Certificate which is visible using specific equipment and that both Julius Baer or Credit Suisse are able to verify this.

They are not asking me for money or anything, only to help them organize a meeting in the bank in Zurich, but I find the coin so ridiculous, that I want to make sure it is fake, before I turn them down.

Many thanks for your valued answer.



1923-One-Million-Dollars
Valued Member
Australia
315 Posts
 Posted 02/18/2014  06:00 am  Show Profile   Bookmark this reply Add coinsaus to your friends list Get a Link to this Reply
Your right on the money, rediculous
Pillar of the Community
Australia
3831 Posts
 Posted 02/18/2014  06:20 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
The "coin" just looks too modern for something struck in 1920s. Plus if it was really made to be a million 'dollar' coin, I expect it to be struck in at least a few hundred ounces of gold, not a mere coin size.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
Learn More...
BStrauss3's Avatar
United States
4593 Posts
 Posted 02/18/2014  08:47 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Nigerian 419 scam, just not in Nigeria and with a new lure.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 02/18/2014  08:57 am  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
If you don't know this person with the $1000000 personally, here's what will happen: they will start asking for legal and banking fees while always promising a cut of that $1000000 when it is finally retrieved (which can't happen because that money does not exist). They will try to get as much out of your friend (or you) as possible. The facts in this story just don't add up.

But, hello and welcome in Liechtenstein!
Moderator
Learn More...
jbuck's Avatar
United States
189340 Posts
 Posted 02/18/2014  09:50 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
How well do you know this American friend?

My advice is to stay way clear from this.
Pillar of the Community
denco7's Avatar
United States
2543 Posts
 Posted 02/18/2014  10:04 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
Great story ! Unfortunately the next line to the story is, " There is no way we can get over there, since you live right next door, we are willing to sell you the coin for $10,000 so that you can easily go and claim the $1,000,000. Just wire us the $10,000 , we will send you the coin."

An unfortunate scam, please keep your money and don't fall for it.
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36839 Posts
 Posted 02/18/2014  1:07 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
This can't be a friend if they are trying to con you out of money. Avoid them.
Valued Member
Canada
54 Posts
 Posted 02/18/2014  1:44 pm  Show Profile   Bookmark this reply Add soulchief to your friends list Get a Link to this Reply

Quote:
This can't be a friend if they are trying to con you out of money. Avoid them.


Unless the friend had their email/phone/account stolen. I'd let the friend know just in case they aren't aware of it.
Pillar of the Community
United States
1554 Posts
 Posted 02/18/2014  1:54 pm  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
most likely your friends email account was hacked.
Valued Member
Avshater22's Avatar
United States
337 Posts
 Posted 02/18/2014  2:05 pm  Show Profile   Bookmark this reply Add Avshater22 to your friends list Get a Link to this Reply
I agree with the others that this is most likely a scam of some sort.
Pillar of the Community
dbrablec's Avatar
United States
1944 Posts
 Posted 02/18/2014  4:01 pm  Show Profile   Bookmark this reply Add dbrablec to your friends list Get a Link to this Reply
you don't really believe this "tale"...do you?
Bedrock of the Community
United States
20753 Posts
 Posted 02/18/2014  5:46 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
They are not asking me for money or anything, only to help them organize a meeting in the bank in Zurich, but I find the coin so ridiculous, that I want to make sure it is fake, before I turn them down.

DO NOT, I repeat, do not get involved in STUFF like this. DO NOT allow anyone to rope you into anything dealing with money. There are so many scams out there like this that they start being funny. IF, for some reason this is for real, so what? Nothing to do with you so leave it all alone. There are all kinds of legal people that have spent their lives getting an education in order to fix, find, coorect, etc. Let them handles this.
Pillar of the Community
yingyang's Avatar
Canada
1823 Posts
 Posted 02/18/2014  6:19 pm  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
This is such a ridiculous scam they should have said this is the 1,000,000 coin.





1923-One-Million-Dollars
Valued Member
United States
337 Posts
 Posted 02/18/2014  6:23 pm  Show Profile   Bookmark this reply Add Henry M Smith to your friends list Get a Link to this Reply
Expect the request for money to be their next step.
Pillar of the Community
philadelphian's Avatar
United States
3253 Posts
 Posted 02/18/2014  7:15 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
  Previous TopicReplies: 23 / Views: 13,170Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.49 seconds to rattle this change. Forums