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 Replies: 17 / Views: 22,296 |
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Valued Member
United States
306 Posts |
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Pillar of the Community
United States
1157 Posts |
wow that is scary. so many scammers.
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Pillar of the Community
United States
7618 Posts |
Wonder where it originally came from?
The Chinese counterfeiters surely would never, ever stoop this low.
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Pillar of the Community
Canada
3049 Posts |
It's awful to see this kind of stuff... but let someone else's mistake be the reminder that one should TEST every gold piece they buy ...
I could see why the dealer had his/her suspicions.. from the looks of things it looks like the font isn't right..
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Forum Dad
 United States
24154 Posts |
Hopefully they got a photo id.
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Pillar of the Community
United States
7618 Posts |
These things come from overseas and are not made in the US. In this day and age a coin shop, or precious metals buyer, can not be too careful and must evaluate EVERYTHING they buy. Do your homework and you have less chances of getting burned.
Video recording the transaction with the seller, fingerprinting the seller and photographing the seller is not beyond reason anymore. If the seller refuses to be recorded, fingerprinted or photographed then he can sell somewhere else.
It rather lose business than get burned.
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Pillar of the Community
United States
1158 Posts |
Looking on the bright side, at least he didn't destroy his reputation by selling that to someone.
Also the person that sold it may have got scammed himself and genuinely thought it was legit.
Edited by tkbslc
08/29/2014 10:16 am
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Valued Member
United States
161 Posts |
Not sure an ID helps all that much. Unless this guy does this all over town it doesn't prove that he knew it was fake. He could say he got it anywhere, then took it to an "expert" where he was offered X dollars for it and agreed.
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Forum Dad
United States
24154 Posts |
Ignorance does not make you not responsible. The guy sold fake gold.
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Valued Member
United States
161 Posts |
Impossible to prove criminal intent.
As for civil action , good luck.
Right or wrong, the shop is going to have to eat this.
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Pillar of the Community
United States
1158 Posts |
Quote:
Ignorance does not make you not responsible. The guy sold fake gold. If the seller believed it to be real, there was no fraud involved. This is about New York law, but it's pretty much the same everywhere. If you genuinely think it is real, then you are not guilty of fraud. You still might have to forfeit the money or whatever, but no crime was committed: http://www.newyorkcriminallawyer-bl...ness-re.htmlOften what happens is a nice private collector buys a fake from a low-life and the whole time he owns it, he thinks it is the real deal. Then he passes it on the next guy as real because he believes it to be true. Eventually someone will be left holding the bag, but only the first seller committed fraud. It's the same deal with counterfeit money. If you pull $100 out of the bank, and 1 of the 20's is fake, should you go to jail for 5 years for counterfeiting? No, you did nothing wrong. Now if you figure out it's fake and try to pass it on to the next guy as real so you don't lose money, then you are also a fraudster. |
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Pillar of the Community
United States
2189 Posts |
Quote:
Quote:
Ignorance does not make you not responsible. The guy sold fake gold.
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If the seller believed it to be real, there was no fraud involved. Then why does the government say ignorance is no excuse? "guilty as charged" Edited by jasper62
08/30/2014 06:49 am
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Forum Dad
United States
24154 Posts |
People, I never said anything about fraud. I know what fraud is. I said ignorance does not make you not responsible and I stand by it 100%.
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Valued Member
United States
161 Posts |
@bobby - What type of responsibility? Legal, moral? It will be difficult for the store to hold the seller to any responsibility.
@jasper - What they say is that ignorance of the law is no excuse. Spending a fake 20 not knowing it is fake is different than making fake 20s and saying you didn't know it was illegal to do so.
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Pillar of the Community
United States
1132 Posts |
That's a pretty convincing fake. I would be the guy that held onto it for 20 years unknowingly. Then again, if I was in a position to purchase and sell gold for a living I'd undoubtedly have an XRF (X-Ray fluorescence) gun. What's $6-10k when your dropping $1.3k on a measly ounce?
Don't get me wrong, I feel really sorry for your friend. Anyone can be duped & it's unfortunate that expensive devices are even needed when a product is marketed like it's direct from a refinery/assayer. It's the manufacturer that needs to be drawn & quartered. Everyone else is just a pawn. Thanks for the informative post, especially when most of us do so much business online. You can never be to careful.I wonder what tipped him off.
Edited by CopperCastle
09/02/2014 12:19 am
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Moderator
United States
16679 Posts |
I wouldn't buy any bars that are encased in plastic like that. I want to handle it, test it, and try to break it like that.
My LCS gets all drivers license info for anyone selling. Maybe LE can at least interview the seller.
swcoin.ecrater.com
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Replies: 17 / Views: 22,296 |
Haven't bought a new cell phone in 7 years and it still makes and receives calls. 
Anyway off topic...
Posted 08/27/2014 9:02 pm
