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Replies: 15 / Views: 3,025 |
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Pillar of the Community
United Kingdom
694 Posts |
So there I am bidding online for a . Description by the autioneer "white metal coin/medal" Kind of covers everything and nothing at the same time. 1833 1 Rouble £20-£30 est. Not that estimates are anything. I have bid on many an expensive coin with low estimates. Just a sales gimmick really. I get the coin and put it n the side. Went to get my trusty magnet. The coin almost threw itself at me. As magnetic as the poles. I am not happy one little bit. Honestly an auctioneer fencing me a Chinese fake.I am rapidly losing faith with todays auctioneers. Never again if its not ebay trying to stiff me over with its full of fraudster coin sellers . Now I get a supposedly reputable auction house palming me off with a 50p fake. I hope they take this junk back without any hassle. As I know they try to exempt themselves of any blame. Gutted isn't the word  
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Pillar of the Community
 Canada
5393 Posts |
If the auction house is reputable you have hope. If not a lesson is learned I guess.! Tough one but this Chinese stuff is everywhere.
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Pillar of the Community
 United States
1949 Posts |
What auction house was it? A coin auction house should do enough due diligence that they are not selling magnetic 'silver' coins...
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Pillar of the Community
3772 Posts |
Would like to see the original listing before making a comment.
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Pillar of the Community
Hong Kong
1270 Posts |
It is difficult to imagine a reputable auction house can't work out a magnetic "silver" coin. Does the words "white metal" is a hint to tell it is a replica?
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Pillar of the Community
 United Kingdom
694 Posts |
White metal is in Uk a term used to mean its white metal. could be silver might be anythiung. un-hallmarked silver normally gets that attribute so it is nothing out of the ordinary. The Original description I put up above in my original post. White Metal Coin/Medal EST £20-£30. It is not a coin neither is it a medal. It is a counterfeit item made solely to decieve. It is their job to make sure an item is genuine. If it was a painting signed L.S.Lowery I am sure they woulkdn't describe it as Painting signed L.S.Lowery. That in itself is a bogus claim to provoke an interest.More and more I see this kind of thing . Plus the fact there 5 bidders. Another bit of advice do not leave bids. They ramp them up with phantom bidders. like mr and mrs wall. Just means at the back of the room. Wow really nobody at the front. Well of course not you could see them at the front.
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Pillar of the Community
United States
1796 Posts |
I would not touch any Russian silver or gold for a while in general.
Since the economic crisis began, the market has been absolutely flooded with fakes -- some 3 to 4 (or more) times as is "usual".
Edited by SteveCaruso 01/14/2015 09:16 am
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Pillar of the Community
United Kingdom
856 Posts |
Personally I'm afraid that it said a lot if it wasn't described as an "1833 1 Rouble"
"White metal" suggests to me that it's not silver. I'd be interested to hear if you have any luck getting your money back. But I wouldn't hold out much hope ..
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Pillar of the Community
United States
1757 Posts |
Usually when a seller is not sure what alloy a silver coin may possess the default term is usually white metal.
Contemporary counterfeits of the period are RARELY made of Fe > 25%. This is the minimal quantitative amount normally needed to make a coin magnetic from my studies using XRF analysis on dozens of Chinese fakes I purchased - on purpose at $5/coin and then tested.
I will have this information in my new book in Forgotten Coins under the chapter Chinese Fakes.
John Lorenzo United States
Edited by colonialjohn 01/14/2015 4:10 pm
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Pillar of the Community
Austria
566 Posts |
Well in Europe, white metal means anything else but silver = definitely not silver. Pewter, a copper-nickel alloy (german silver) or lead might be described as white metal. Still if a seller sells a rouble, which is definitely a reproduction just by describing it as white metal rouble then he might have to live with the accusation of a misleading description, which seems to be the case here, unless the buyer knew exactly what was ment with white metal (if the seller thought, that it is logical, that the coin is not original once he says, that it is not made of silver). The fact, that white metal (aluminum, cu-ni, lead) is often used for the striking of patterns makes a description of a fake as a white metal even more misleading, if the low estimate was not there. Personally I do not believe, that any serious auction house would sell a coin like that by intention. It must have been some sort of a mistake or misunderstanding. PS: Please do not forget, that there are also reputable sellers on ebay. :)
Edited by coinworldtv 01/14/2015 6:34 pm
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Pillar of the Community
United States
992 Posts |
The auctioneer's failure to describe it as a Russian Ruble silver coin of 1833 is a dead giveaway as to what he knew about the coin when putting it up for sale. 'White metal coin/medal' is about as disingenuous as it comes. They call them 'weasel words' for a reason. The low price is there to get you in the bidding mood, hoping for a bargain.
Press for a full refund, not a return, if you can do so. And flame his feedback, sorry, he deserves it.
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Pillar of the Community
Austria
566 Posts |
paxbrit: You seem to miss the point, this thing did not happened on ebay!
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Pillar of the Community
United States
992 Posts |
OK, scratch out 'And flame his feedback, sorry, he deserves it.' in my post above. Everything else stands. Auctioneer knew it was suspect and tried to soap you with a description.
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Pillar of the Community
 United Kingdom
694 Posts |
Hi guys thanks for the replies. What really annoys me is that for online bidders these auction houses have a duty to inform us of what we would see ourselves if we were there at the auction. I know for 100% I would never of bid for it had I seen the item. Otherwise Its just tant amount to fraud. Giving barest details as Pax said to mlk money in. I spoke to the auctioneers and he said "I never said it was real or anything other than a white Medal/Coin. Which I reminded him actually it is neither. As both would be sanctioned by the minting houses. Or if privately made carry an R in a circle for replica or COPY stamped on it. So by even your description it is wrong. it's an item made by counterfitters to do one thing!Decieve!! I spoke to credit card company and they said to get it verified as a fake on headed paper by an expert. They were pretty upbeat. Echoing what most of you said. The auctioneer Knew it was fake and all the get out clauses in the world which they use will not save him on this occasion. Lets hope so. @ Coinworldtv. Yes I know there are many decent sellers on ebay. Just that there are too many bad ones and they seem to never get removed. Like these dino-lite type and I use the term Like loosely digicamerascopes. Whilst I have seen pics from dino-Light and seems a pretty impressive item. These look-a-likes from £2.99-£49.99 are complete and utter trash. All are made wrong camera view places object ipside-down and 45 degree rotated. Zoom isn't 50x-800x as you would think. The x50 is there but the x800 is when you take the snapshot from 2mp-20mp. So your blowing up a view from X50 mag. Which is totally different from looking at something x800. All the loupe' have casts on them. i'll let you know the outcome once the blob of metal comes back frooooom being fakeyfied
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Pillar of the Community
United States
5362 Posts |
I agree most here with coinworldtv in this case. He is definitely right there are many honest sellers on ebay. There are also a lot of sellers who have no clue as to what they are selling at all. It is very easy to sell on ebay - that is the beauty of a Flea Market. People sell all sorts of junk and SOME good stuff. Do we visit flea markets expecting to make a killing on every purchase? What is lost in this discussion so far is any responsibility on the part of the buyer. I really wonder why buyers today expect to be protected from their own actions. No one forces anyone to bid. The bidders need most importantly to be aware of what they are buying and in this case there was a clear warning (at least in my opinion) that something was wrong with this offering. Perhaps the auctioneer (who has yet to be identified) didn't know what to call the thing. However, the seller was not truly deceptive. The description would have caused me to look much closer at the item and I would have bid on it as a modern Numismatic Forgery - NO MORE. Education of the buyers to protect themselves no longer seems to be the goal of the ANA. Protection by "......." seems to be the goal of many people including the delusional thinkers behind the revised Hobby Protection Act. The new additions make the water muddier and gets closer to allowing NO COUNTERFEIT COINS to be sold at all. It makes far more sense for me to require sellers to post clear in focus pictures and the rest needs to be up to the buyer's due diligence.
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New Member
Italy
26 Posts |
I'm not surprised that an auction house passed on a fake. It happens more often than one thinks. Just like gradeflation or forgetting to mention a small defect on one of their lots. Auction houses, in their defense usually are squeezed for time building their next auction session, cataloging, listing, setting prices and generally organising the event that much of what should be default is skated over quickly. Mistakes are made, but that shouldn't hold you back from participating in auctions. When the mistake is found, a reputable auction house should give your money back once you return the coin. Similar situations have occurred to me related to poor descriptions and I can say they, the auction houses, have always refunded my money after returning the coin.
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Replies: 15 / Views: 3,025 |
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