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Caveat Emptor---Is This Common Business Practice?

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twslisa's Avatar
United States
790 Posts
 Posted 12/15/2016  05:07 am  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply

Quote:
My guess is that you paid $150 for the coin you have, and it is worth about $50


Fortunately I didn't pay THAT much! I still did pay over $100. PCGS recommends a price of $60, but their prices don't take toning into account. Based on what I've seen at auction, with a good photo, this would probably bring in a small premium for the toning, so I would be OK with paying a bit more than that.

I'll see what they say in response to my email. I still think it's worth it to put a chink in that A+ rating. Other buyers will be attracted by that, and they clearly don't deserve it.

Seriously, the dealers on this site, from everything I've seen, are FAR AND AWAY more trustworthy and deserving of business! They may not be able to compete with this company's bulk prices, but as I've learned the hard way, better to pay full value and get what you intend to buy.
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trout1105's Avatar
Australia
7096 Posts
 Posted 12/15/2016  06:18 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Send it back Mate, It will always be a thorn in your side if you keep a coin that you are unhappy with.
Just post it back with tracking and if the seller refuses to refund ebay or PayPal will step in and make sure that you are NOT out of pocket.
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westernsky's Avatar
United States
7641 Posts
 Posted 12/15/2016  10:38 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Send the coin back and get your money refunded if you are not happy.

I've dealt with them before and did not have a problem getting a refund.

I kinda think APMEX has gotten too big, too fast and has lost some since of direction in the process. Used to be a small friendly shop in Edmond. Now it's just another impersonal, mostly bullion dealer in OKC that you can only deal with online or on the phone.

It may be more efficient to operate that way but it sure doesn't appeal to me. I wanna see my stuff BEFORE I hand over the money.

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Cascade's Avatar
United States
7390 Posts
 Posted 12/15/2016  11:53 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Yup. Just send it back and don't worry about not getting a refund. Companies like this know they get a lot of returns. Don't fret and then not rfunding you. Send it back and move on
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 12/16/2016  1:00 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Can't tell from the screen shot, did the serial number on the slab you received match the one in the screen shot image? If the serial number on the slb in the screen shot was blurred out then you were buying a generic coin and not necessarily the one in the image. If the serial number does match then it is most likely a matter of imaging and you did get the coin in the picture. It just doesn't look as nice as you thought it would.
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twslisa's Avatar
United States
790 Posts
 Posted 12/16/2016  1:19 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
Nope. The PCGS number in their picture IS NOT the number on the slab I got. And it was not blurred.
Edited by twslisa
12/16/2016 1:20 pm
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 12/17/2016  09:39 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Then they probably did do a "bait and switch" on you. Unless somewhere on the add they mentioned that it was a stock image or that you would not be receiving the exact coin pictured.
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machine20's Avatar
United States
1280 Posts
 Posted 12/17/2016  12:00 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
Picture of the coin they sent?
Valued Member
United States
424 Posts
 Posted 12/17/2016  2:17 pm  Show Profile   Bookmark this reply Add Oldephriam to your friends list Get a Link to this Reply
Unless you send it back they win. If you send it back then they will just pull this same stunt on some other unsuspecting customer. I used to work for someone that would pull the bait and switch on a grand scale against state governments. This is part of the reason why I refer to that job in the past tense. I found out through that experience that the BBB A+ rating is for sale, don't ever trust this rating on any company other than a small mom and pop.
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Debrajc's Avatar
United States
4211 Posts
 Posted 12/22/2016  4:44 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Hopefully they have emailed you a return label by now.

No reason to keep a coin you are not happy with and
no reason to worry about them keeping the coin and your refund.
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twslisa's Avatar
United States
790 Posts
 Posted 12/23/2016  07:46 am  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
The actual coin they sent is pictured in the original post.

Also, apparently, if I had clicked the little camera icon below and to the right of the image, it would have said the coin pictured is not the coin I was going to get. I asked why they couldn't just put that ON THE PAGE ITSELF. The answer they didn't give is "that would have kept you from buying the coin."

If I send the coin back and they don't issue a refund, they REALLY win. This is a dishonest company. I am NOT going to trust them to get around to issuing a refund. For all my bellyaching, the fact is, Id have been fairly happy with this coin had I paid about $30 less. I'd much rather eat that $30 than the full price I paid, plus postage, plus the coin itself, and I'm not willing to take on an even bigger battle that would be necessary if I returned the coin and no refund was issued.

I posted a very detailed negative review with the BBB, and I'm going to be content with that. If they lose even one person's business because of it, they will have paid a price of significantly higher value than what they gained through this dishonesty.

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edweather's Avatar
United States
7375 Posts
 Posted 12/23/2016  10:53 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
They will give you a return authorization number for the return, and issue you a refund. APMEX will give you your money back. I've returned items to them more than once. One time it was way past the time for a return, and they still accepted it. If you want to keep the coin it's your business, but not because they won't give you a refund.
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BigSilver's Avatar
United States
2843 Posts
 Posted 12/23/2016  11:04 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
with edweather. And everyone else above who is trying to convince the OP that even if a company is "un-trustworthy" in their postings, it is a huge stretch to assume that they will not return the money upon receipt of a returned coin.
Keep it or return it, that is, obviously, your own call.
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westernsky's Avatar
United States
7641 Posts
 Posted 12/23/2016  12:45 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
They will give you your money back! What part of THAT do you not understand?

I understand your anger, frustration and feelings but the only option you have is to get your money back by returning the coin! I am not a big fan of APMEX either but I know they will not screw you over by keeping the coin and your money.

You can post here, on other online forums, to the BBB and Yelp! and the end result is going to be the same ---- everybody will tell you to return the coin for a refund.

It is not rocket science.
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twslisa's Avatar
United States
790 Posts
 Posted 12/23/2016  3:42 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
OK! When people start getting mad, that's when the conversation needs to end.

Thanks for the input/advice/support, those of you who gave it!

Have a great Christmas!!
Edited by twslisa
12/23/2016 3:47 pm
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