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 Replies: 18 / Views: 3,701 |
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Bedrock of the Community
United States
11951 Posts |
My mechanic called me this afternoon, said he has a guy in his
shop wanting to sell a 10 oz. Credit Suisse gold bar. Asked if I
wanted to come look at it. Only five minutes away ...
When I got there the bar looks good. Weighed 200 DWT / 10 oz.
Before I got there they had filed a notch into it ... Was not plated.
I called the LCS for advice. They said the only way they would buy
that bar, would be to take it to NTR and have them test and melt it.
NTR would have been closed before we could get there.
So I passed
The guys story was he needed money for a trip to New Orleans
The guy said he would sell it for $3500 ... Then went to $2500.
It was very tempting ... But I passed ... I would have to be sure.
What would you have done?
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Pillar of the Community
United States
1326 Posts |
I would have passed. Even if genuine, it could have been stolen.
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Pillar of the Community
United States
1119 Posts |
hmmmm.... $13,300.00 bar being sold for $3500.00 when he could go to almost any pawn shop and easily get double that. seems fishy to me. Did you test the bar?
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Bedrock of the Community
 United States
12840 Posts |
Yeah.... I think you made a good decision by passing.
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Bedrock of the Community
United States
10982 Posts |
At that price I'd confirm the dimensions are accurate and offer them $3500 assuming the seller would allow cutting the bar while they're there. These are small bars and if they are not plated and the core tests good you've got $10k profit.
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Valued Member
United States
59 Posts |
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Bedrock of the Community
Australia
21788 Posts |
With a fake 10 ounce gold bar that has a tungsten* core, the gold covering can be plenty thick enough not to reveal the core, even with a very deep check test filing nick. If it needed to be tested in the first place to assure an intending buyer, it would be a sure sign for me to give this piece a VERY wide berth.  * tungsten has the same density as pure gold. A bullion dealer would test, using an ultrasonic instrument, XRF useless in this case. |
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Bedrock of the Community
 United States
11951 Posts |
Quote:
Was this in NW FL? Yes ... Pensacola area ------------------ The guy had a story .... His daughter had passed away in New Orleans and he needed to get there. All I had with me was a pocket scale. The shop I work at was closed, the main shop was 20 minutes away and would be closed before we could get there. I told the guy if he waited until morning, I could have it tested and would give him more .. but he said he had to leave for New Orleans. Of course .. something seemed off .. that is why I did not buy it. He did say we could drill it .. But at that point I felt I wanted to have NTR say it was good .. because that is who I would have sold it to. |
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Valued Member
United States
61 Posts |
$13000 plus 10 ozt. Suisse gold bar for $3500 what could possibly be wrong here?
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Pillar of the Community
United States
509 Posts |
Smells fishy. I think it was a wise decision to walk regardless if your gut told you it was gold. Might be worth a call to the local PD to see if any reported robberies. If it is real, there must be a reason he didn't pawn it quick
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Bedrock of the Community
Australia
21788 Posts |
Anyone who wants to sell gold THAT cheap must have rocks in their head, or there must be some sort of serious criminality involved. Or both. |
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Pillar of the Community
United States
5832 Posts |
I got a $100 bill for a twenty! Or the other way around.
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Valued Member
292 Posts |
"the guy had a story" as all scammers must in order to get your attention.
Like someone else said, this guy would have had no problem going to a pawn shop or jewelry shop and selling it for way more.
It was likely stolen...but also could have been fake.
Use your instinct on anything like that...if it doesn't feel right then walk away...good job.
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Pillar of the Community
United States
697 Posts |
Pass on it.
But, if you can, sneak a photo or video the bar and seller.
It could be useful later on!
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Bedrock of the Community
Australia
21788 Posts |
How to make a million dollars?
Start off with $10 million.
Both buyer if he goes through with it,
and the seller, when he gets caught:
all loosers.
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Valued Member
United States
59 Posts |
I ll ask the owner who had his collection stolen if a 10 oz. Credit Suisse gold bar was part of it.
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Replies: 18 / Views: 3,701 |
Posted 07/12/2016 9:48 pm
