Fakes--Ebay And Protection - Coin Community Forum

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Author	Replies: 3 / Views: 1,619
ilikeikes Pillar of the Community United States 1205 Posts	Posted 03/19/2016 12:36 pm With all the forgeries hitting the market, I have decided to spend the large amount of funds to have either NGC or PCGS grade/slab ALL my loose physical gold, platinum, palladium, and some rarer larger silver 5 Oz & Kilo coins. Why? When it comes time to sell in 2019-2020, I don't want the crooks to swap anything on me, an easy trick they know how to do, and, pays them every time. Example would be a 1/10th oz gold maple leaf. If I sold it raw, the buyer could swap it for a fake, and just cry the usual "not as described" for a return, leaving me in the dust. It would take weeks to try and win a case, which is virtually impossible the way ebay is, and, paypal freezes the funds on any cases until resolved. That would be a big headache. A slabbed coin would have to be torn out of the case, leaving damage, so, it's safe. I'm sure the crooks are working on ways to solve that issue as I write..it's getting crazy out there! * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

edweather Pillar of the Community United States 7375 Posts	Posted 03/19/2016 1:09 pm That's a smart idea. If you submit a bunch together you can save a bit on postage. Can easily see how the raw coins could be switched, and all you need is to have it happen once, and you are s o l. Now you got me thinking, I have a few raw gold coins, and will eventually do the same thing. Report this Post to the Staff
LocalCoinGuy Valued Member United States 398 Posts	Posted 03/19/2016 10:16 pm Sounds like a plan if you buy from reputable sellers as they are counterfeiting the holders as well. Report this Post to the Staff
ilikeikes Pillar of the Community United States 1205 Posts	Posted 03/21/2016 11:34 am Yes they are local coin guy..it's becoming a pretty bad scene, so much so, I'm going to invest in the sigma metal analyzer system..a fancy high tech metal detector that can read through slabs...and large bars and coins, with the extra bullion wand, even deep under the surface, if plated. Protection in a crazy world. Report this Post to the Staff
	Replies: 3 / Views: 1,619

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