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Help! I've Bought A Coin And I Realized Its A Counterfeit.

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Valued Member
GregJG's Avatar
Canada
257 Posts
 Posted 05/20/2016  11:04 pm Show Profile   Bookmark this topic Add GregJG to your friends list Get a Link to this Message Number of Subscribers
I purchased a $250 Face Value - In the Eyes of the Snowy Owl Coin.

I met with a guy from Kijiji and didn't know why the coin was so small, so I only ended up paid $110 for it. (Please don't judge me, I've never even seen a counterfeit coin before)
I told him it might be real or fake, and he wanted me to keep him posted on what I found out.
We texted back and forth after the sale and I told him it was magnetic - for a coin thats supposed to be silver that's a bad sign. He told me he purchased it from another person on Kijiji for $350 and felt horrible that it could be a fake.
As soon as I confirmed that it was a fake (see picture below) he has not texted me back since.

I believe the individual I purchased this coin from was genuinely unaware it was a fake (although he abruptly stopped talking to me) and the real culprit is the individual who sold it to him (if that person even exists)

What do I do?
I personally would like to turn it over to the police, I have read many threads and feel that these coins should be removed from the market as soon as they're found.

The Engravers Initials on the reverse of the coin - left picture is the counterfeit I found, right are two photos I found of genuine coins online
Help!-I've-Bought-A-Coin-And-I-Realized-Its-A-Counterfeit.
Valued Member
GregJG's Avatar
Canada
257 Posts
 Posted 05/20/2016  11:05 pm  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
I will update everyone on this thread with any new information
Pillar of the Community
westernsky's Avatar
United States
7618 Posts
 Posted 05/20/2016  11:23 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Save all the texts. File a report with your local police and let them handle it.
Valued Member
benjaminfailor01's Avatar
United States
123 Posts
 Posted 05/20/2016  11:33 pm  Show Profile   Bookmark this reply Add benjaminfailor01 to your friends list Get a Link to this Reply
Agreed, save every text, all of them.
Valued Member
GregJG's Avatar
Canada
257 Posts
 Posted 05/20/2016  11:40 pm  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
Thanks for the reminder! I always save all my texts
Especially after I sold a skateboard on Kijiji, and the later the guy accused me of selling him a broken skateboard (it was clear he just lost a bolt holding the front wheels on) and then said he would report me. I asked who he was reporting me to, and I never heard back from him again.
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CoinCanuck94's Avatar
Canada
644 Posts
 Posted 05/21/2016  12:01 am  Show Profile   Bookmark this reply Add CoinCanuck94 to your friends list Get a Link to this Reply
The $250 face value on the coin should have been a tell tale sign that it was a fake.

http://www.ebay.ca/itm/2014-250-Dol...AOSwoydWoNvh

Straight from China, the counterfeit capital of the world.
Edited by CoinCanuck94
05/21/2016 12:03 am
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Hello There's Avatar
United States
1191 Posts
 Posted 05/21/2016  12:27 am  Show Profile   Bookmark this reply Add Hello There to your friends list Get a Link to this Reply
I would print the texts if possible. Cell phones do play tricks on us sometimes.
Valued Member
GregJG's Avatar
Canada
257 Posts
 Posted 05/21/2016  12:31 am  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
I'll screenshot and print them along with anything else I can find.
iPhones are useless for exporting texts.
New Member
Canada
9 Posts
 Posted 05/21/2016  06:56 am  Show Profile   Bookmark this reply Add sophiew to your friends list Get a Link to this Reply
Is the Kijiji listing still active? Or has he posted others?
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New1954's Avatar
Canada
1027 Posts
 Posted 05/21/2016  07:26 am  Show Profile   Bookmark this reply Add New1954 to your friends list Get a Link to this Reply
It hurts to be ripped off.

Thank your stars that it was a small amount of money. That Snowy Owl face value of $250.00 should have been the first clue it was a fake when you purchased it for only $110.00. This coin sells for over $2,000.00. This is the reason I never purchase coins from kijiiji.

If you know a coin dealer, when making these deals, why don't you ask the seller to meet you at one of these locations? This will definitely get rid of those shady people.
Pillar of the Community
Canada
6768 Posts
 Posted 05/21/2016  09:18 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Sorry to hear about this rip-off

I would report this to police, just to stop this.


Quote:
The $250 face value on the coin should have been a tell tale sign that it was a fake.


The real coin is $250, and the sign that that purchased coin is fake - price CAD 110 for 250 FV coin.

I find the Kijiji the best way to sell or buy coin (but only inexpensive, $100 range), cause you see the actual item. And when selling them - your discount (or margin) should be reasonable and not suspicious.

@GregJG, some positive point:
this case isn't nice, but keep in mind, while collecting, in the future, you probably will lose more than CAD 100 on absolutely genuine RCM or other mint coins, due to decrease of their value.
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nss-52's Avatar
United States
54280 Posts
 Posted 05/21/2016  10:43 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Hint it is fake before the sale:
Why would someone ever sell s $250 face value coin for $110?

Hint seller knew it was fake:
Why would someone PAY $350 for a coin, then sell it to you for $110?

You should test (magnet) or compare (photographs) before you part with your money.

The police can find out who the seller is from Kijii or telephone records.
The police, however, may not be interested in investigating a $110 loss when they may have more pressing duties.
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Pillar of the Community
Canada
5324 Posts
 Posted 05/21/2016  10:55 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
It's still up to the RCM to do their moral and legal duty to protect their coins to prevent the majority of these fakes.
Pillar of the Community
Canada
2845 Posts
 Posted 05/21/2016  12:36 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:

The police, however, may not be interested in investigating a $110 loss when they may have more pressing duties.


I suspect that someone who thinks they're getting a good deal and gets ripped off is more likely to report it. That's not a bad thing but it's the other type of buyers who pay full value who later may be too embarrassed to report it or too much time has passed, who go unnoticed. The statistics of a high percentage of people that never report higher value fraud are very alarming.
Valued Member
jack316's Avatar
United States
392 Posts
 Posted 05/21/2016  1:09 pm  Show Profile   Bookmark this reply Add jack316 to your friends list Get a Link to this Reply
First, I'm sorry that you were cheated. Most of us have been, at one time or another, and it's never pleasant. I'm an older, retired military guy, so I actually had to look up kijiji. I had no idea what it was (thought it might be some small, native province in Canada - lol).

Wikipedia says that kijiji is wholly owned by ebay. Is it possible that you might have some recourse there? If nothing else, it seems that the Seller should be reported. That he stopped communicating, causes me to be suspicious of him.

These are only thoughts to try to help. I'm sorry for your misfortune. Best of luck. Jack
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GregJG's Avatar
Canada
257 Posts
 Posted 05/21/2016  1:12 pm  Show Profile   Bookmark this reply Add GregJG to your friends list Get a Link to this Reply
Kijiji is very much like Craigslist for those who haven't heard of it.
It is owned by ebay but is only classified ads and not subject to buyers protection like ebay has.
Thank you everyone for your help, will be following up with the police later today (he still has not responded to any of my texts, which I too agree is suspicious, as he would reply within 1-4 minutes before that)
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