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








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!

Bit Of A Ramble

To participate in the forum you must log in or register.
Author Previous TopicReplies: 4 / Views: 1,307Next Topic  
Pillar of the Community

Australia
3831 Posts
 Posted 06/19/2014  09:24 am Show Profile   Bookmark this topic Add gxseries to your friends list Get a Link to this Message Number of Subscribers
I guess this can happen to anyone and it might be a lesson to learn.

Just a while ago, I lost my job and it's only recently that I found a job that paid me pretty well. To celebrate the moment, I bought a few coins that I have been hunting for years. These coins rarely appear even in auction houses.
As you may imagine, they aren't cheap. All of them were bought online and I really never had much trouble buying coins online. Yes, I know you can start talking about the risks etc but we'll put that aside for now. There's no local coin dealer here and the nearest I have to go to is probably at least 2 hours of driving and 5 hours of flying. Not an option. I've been buying a fair amount for the past decade and it has never got to this point.

A couple of coins came out to be counterfeits as they had signs of pitting. Sent a rather unhappy email to the seller which he obliged to return my money as soon as he receives them. I sent them back by registered mail and the mail "conveniently" goes missing. This was a big eye opener for me. I'm still at the stage of writing a few "angry" emails as this is not acceptable.

Another one just arrived today and this wasn't really obvious until I weigh it. Underweight by 0.2 grams and I thought this was unusual. Picked two other coins from other years and turns out this coin was smaller by a good mm or so. Plus when I looked at the edge carefully, it was polished and it showed signs of a seam. Alas, it cannot be genuine.

I guess the moral of the story is that you always need to be at the top of the game. It's your money that you are spending so you want to make sure that you have the real deal. Thankfully all of them had easy tell signs of counterfeits unlike a couple of the super counterfeits that I have in my collection. I was actually surprised as both sellers had good feedbacks. Unless I happened to look for something too obscure or unlucky, there could be no telling how many others were stung in the same process.

In short - always check what you get.
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
TypeCoin971793's Avatar
United States
6370 Posts
 Posted 06/19/2014  10:30 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
Congrats on your new, well-paying job!

Sorry about your misfortune with the counterfeits.

Congrats on being able to easily tell that they were counterfeit!

Sorry about the mail "conveniently" going missing...

So, has everything worked out yet?

I feel your pain about not having a coin shop nearby. The closest thing to a lcs is a pawn shop about 30 minutes away. At least they sometimes have decent coins.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 06/19/2014  12:23 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I don't know how registered mail works inside Australia. With in the US Registered mail almost NEVER goes missing. Internationally it isn't as safe, and in the case of US Registered mail the maximum reimbursement on lost registered mail that has left the US is $49.

I hope your package eventually shows up. What does your post office say about tracking on the package?
Edited by Conder101
06/19/2014 12:25 pm
Pillar of the Community
Rackster's Avatar
United States
4809 Posts
 Posted 06/19/2014  1:39 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
I'm saddened and bothered that there are folks out there willing to take advantage of another human being. The idea of fairness, goodness and altruism are distant or nonexistent for these people. What's worse is that good folks that are duped or negatively impacted can become bitter and angry which can translate into unwanted outcomes: snapping at the wife, the children, or others. The ripple effect of these ugly acts can be far reaching.

So how do you stop the ripple? I don't know if anyone has a bulletproof answer, but I think that if you can come to terms with things quickly and move on (having a lesson learned), the tendency to rehash and rationalize bad behavior becomes less. So posting a word to the wise in an attempt to stave off the wolves from innocent prey (your fellow hobbyists) is appropriate and appreciated.

Good luck with finding your package and your future purchases!!
Valued Member
Fireman638's Avatar
Canada
158 Posts
 Posted 06/19/2014  8:15 pm  Show Profile   Bookmark this reply Add Fireman638 to your friends list Get a Link to this Reply
I have high value coins in my collection.....without giving away how many I will say more than one. They have all been bought online, mostly on ebay. I follow several rules for high value coins.

I will ALWAYS buy from reputable sellers, the same ones that have both online and brick and mortar stores. Also, all my high value coins have been professionally graded. I realize those can be and are counterfeited, but at least a graded coin has the possibility of being cross referenced online from previous sales and serial number checks. My third and most important rule......if it is too good of a price to be true then odds are it is fake. Unless the seller is in dire need of quick cash, it will not be offered considerably lower than fair market value. 99% of the time a collector owning a high value coins is an educated and hopefully experienced collector and is willing to wait to get fair value for his/her coins.

I've been stung before, and these rules have kept the chances of it happening again to a minimum.

As for the registered package going missing......what do the search results tell you when you track it?
  Previous TopicReplies: 4 / Views: 1,307Next Topic  

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 0.24 seconds to rattle this change. Forums