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 Replies: 34 / Views: 4,810 |
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Eaglenest
Wow CoinNut.
I wish you had posted a month earlier, but glad it worked out for you. One of my previous post dealt with your same situation, but was ignored or shunned as being off track/topic. This was when I inquired about what happens when you file a claim with Paypal (first time it ever happened to me.)I ran into the same problem (not receiving a coin)and have since learned a whole bunch about Paypal Protection and any other form of payment connected to them.
Dave, to which thread do you refer? There's many of us who will respond to a post which does not seem to be receiving the attention to which it deserves if for no other reason than to ensure the poster does not gain the feeling of being ignored. We don't work that way here and I, for one apologize for missing your topic. In no small sense and within reason, there is very little which we consider off-topic in a thread. quote:
Originally posted by Eaglenest
Can you tell me/us more about "tracing" a USPS money order as compared to a cashiers check or regular money order?
I just purchased a 1 oz. Kruggerrand and the seller prefers a money order, but will take Paypal (my protection) for 2% more which = $13.00. Add this to the S&H&Insurance, it comes to a $29 xtra.
It would be good to know what extra weight a USPS MO carries.
Thanx a lot!!
Dave
A USPS money order is usually easier to trace than a bank MO since the Postal Service is a little more conscientious about keeping track of the money orders it issues than many banks. Also, the purchase and deposit information of USPS MOs may be accessed from most any Post Offices, so there's the matter of convenience. Banks may charge a lot more than the USPS to trace one of its MOs or cashier's checks, but this will vary widely from bank to bank. Otherwise, in theory, there should be no difference in ability to trace a money order or cashier's check no matter where it originated. The convenience of postal MOs due to the convenient locations and hours of Post Offices might also explain why every MO I've accepted for an auction sale (I usually take PayPal only, but can bend a little) has been a postal money order. Fred |
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New Member
United States
33 Posts |
Hello Fred, I do appreciate your fast response. There have been several new collectors I have sent to this site and espeacially your posts concerning Morgans. Once I get off of this DE kick, I will look into them more. My intent was not to offend anyone in our forum, but just to find out how others have dealt with similar procurement problems with ebay and Paypal. When you are new at a hobby and have a ton of questions for new expert friends in a community, its easy to stumble in wording somethings which is probably what happened. A mis-interpretation on my part. I have let it go. When it comes to USPS MO's, I understand the extra care, conveinance and tracking assets they have in their system, but it is the refund aspect I am wondering about. Say you take CoinNuts or my examples and you do not receive a coin purchased on ebay. You use a USPS MO. It has a tracking number. Basically, can you stop payment on that MO if the item is not received? I doubt it, because it has already been paid out. Sending MO's out to an unfamiliar address is like mailing free money off to a stranger at a possible bogus location. There is No recourse I am aware of and that's why I asked. With a credit card if caught early enough, you can stop the payment after receiving, say a coin. MO's and personal checks can be held until cleared, then ie; coin is sent, if at all (too the seller's advantage.) I guess it all boils down to how much you are willing to trust an electronic representation of an alleged persons charactor and ethics, because the payment systems available, really don't offer any good guarantees. |
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Valued Member
 United States
103 Posts |
Hi Eaglesnest,
Sorry for the delay in getting back to you....I had a wedding to attend to today!!!........My daughters!! LOL
As for the USPS money order......if after 30 days you have not received your merchandise.....you can file a claim with the postal service to receive a refund of your money.........providing the money order has not been cashed at that point........if it has and the seller claims that he did not receive the money........you can proceed to contact them further about mail fraud......I did not reach that stage as the seller emailed a couple of days after I sent him a copy of the MO he cashed......I told him in the email that unless I heard from him or received my merchadise I would file the claim as I had not heard anything to the contrary for over a month......The USPS takes the lead as far as I am concerned when it comes to defrauding people...... suspicion of/and or mail fraud can cause a lot of problems for the seller if he is not honest.......
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Valued Member
United States
335 Posts |
So Coinnut who was that seller? I wanna read his positive comments, cause he probably thinks it was miscomunication and hes a nice guy and stuff.
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Bedrock of the Community
United States
14454 Posts |
Eaglenest, once the money order from the USPS is cashed and if the seller does not send you the item it is then called "mail fraud" and that is a felony. The postal inspector will get involved and most sellers when threatened with this little fact (even if they had no intentions of sending the item) will send it to you with a quickness
Edited by Bryan1315
08/12/2006 10:32 pm
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New Member
United States
33 Posts |
Purchasing coins through the Internet is uncomfortable for me to begin with especially from ebay. You give up the in person contact for convenience. The brick and mortar coin clearing houses such as Monex, Blanchard, CNI & the Coin Gallery with Internet sites are more trusted, but most of them require a 10 oz. minimum purchase. CNI requires a $2,000 min. I would like to find a better way as coin shops in my area are few & far between and I would also like to get away from pure bullion coins and get into more numismatical rare gold coins. With that said, I would like to thank Fred,Bryan,CoinNut and everyone else for offering a better explanation of what a USPS money order can do. No One wants the Fed's after them. It seems like the next best thing to using a credit card. Dave |
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Rest in Peace
United States
2684 Posts |
Dave, you asked valid questions and am pleased you received a number of meaningful responses from those who have been through it before. Nothing like a little experience to gain knowledge. Like you, I have no easy access to coin shops. In fact, as far as I can tell, the nearest to my present location is 130 or so miles away in the middle of a major city (Phoenix) to which I don't drive unless my life and car insurance and Last Will and Testament are up to date and I've started the trip with the attitude, "Today is a good day to die.".   ebay is really my only option for both buying and selling coins, so I make the best of it with the complete foreknowledge that there's a lot of predators out there and my carcass makes for great prey. After almost seven years eBaying, I still haven't been seriously tagged out. Playing the ebay game is always a risky proposition. Even the most experienced of us can be hoodwinked on occasion. It is not a venue for the faint of heart. However, with a little experience and a lot of homework, one can easily survive and even thrive in the ebay jungle. Fred |
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New Member
United States
33 Posts |
Hi Fred, You know what I'm talking about. The Coin Gallery is in Phoenix around 35th Ave. I am 20 miles west of there and I am guessing you are in Flag or Tucson or an east or west pont. Your comments about driving in there have me LOL. Especially "Today is a good day to die." That is very true and its not getting any better. My tenure with ebay is about the same and after 150+ purchases and sales, I just got stung for a 1978 1 oz. Kruggerand. The seller was in a town in Illinois I used to live in. I knew something was wrong 3 days after auction end and paying for it. He went "No Longer a Registered User" on me. The auction had the Paypal Protection logo and I always decide from there if they also have a return policy. Needless to say I did not wait the 10 day and the 20 day processes, but filed a claim immediatly. One thing I did miss was a requirement of Paypal's Protection Policy. The seller must have 50 Positive feedbacks. Anyway life goes on. Someday when this state grows up, hopefully more coin shops will emerge. Dave |
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Forum Mom
 United States
5877 Posts |
quote:
Originally posted by Eaglenest
One thing I did miss was a requirement of Paypal's Protection Policy. The seller must have 50 Positive feedbacks. Anyway life goes on.
I think this is a new requirement (and probably in the teeny, tiny fine print that nobody ever reads). As far as I knew, buyers were always protected through Paypal. If they are not going to offer buyer protection if the seller has less than 50 positives, they should not allow sellers with less than 50 positives to accept Paypal. Seems very dishonest and misleading to me.   I just looked it up on the Paypal site and it is the seller's responsibility to meet the requirements in order to display the Payapl Buyer Protection icon in the listing. One way or another, I would have thought you would be protected. I was also interested to read that the 50 positive feedback ratings need to be for auctions paid for via Paypal. |
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Pillar of the Community
Belgium
2078 Posts |
quote:
I was also interested to read that the 50 positive feedback ratings need to be for auctions paid for via Paypal.
How disgracefull of them |
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Pillar of the Community
Australia
1360 Posts |
quote:
Originally posted by ageka
quote: I was also interested to read that the 50 positive feedback ratings need to be for auctions paid for via Paypal.
How disgracefull of them
I agree. It is outrageous! Also, quite sneaky, a very nice loop-hole.  |
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Valued Member
United States
335 Posts |
quote:
Originally posted by Eaglenest
Purchasing coins through the Internet is uncomfortable for me to begin with especially from ebay. You give up the in person contact for convenience. The brick and mortar coin clearing houses such as Monex, Blanchard, CNI & the Coin Gallery with Internet sites are more trusted, but most of them require a 10 oz. minimum purchase. CNI requires a $2,000 min. I would like to find a better way as coin shops in my area are few & far between and I would also like to get away from pure bullion coins and get into more numismatical rare gold coins.
With that said, I would like to thank Fred,Bryan,CoinNut and everyone else for offering a better explanation of what a USPS money order can do. No One wants the Fed's after them. It seems like the next best thing to using a credit card.
Dave
I have been buying some bullion from First Fidelity in Texas,for a few years 409-898 4600,Joe no probs,except a little pressure,but I like them.And they send free stuff to read. everything certified in the old coins. |
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Eaglenest
Hi Fred,
You know what I'm talking about. The Coin Gallery is in Phoenix around 35th Ave. I am 20 miles west of there and I am guessing you are in Flag or Tucson or an east or west pont.
Your comments about driving in there have me LOL. Especially "Today is a good day to die." That is very true and its not getting any better.
Dave
Dave, I missed the Arizona connection in your post, so am responding a wee bit late. At this moment, I'm about 18 miles ESE of Flagstaff, camped out in the wilds of Coconino Natl Forest, but will be heading off to Prescott NF in a few days (Fri 25 Aug) for a VA appointment, then heading back down to my winter feeding grounds in the desert (I'm a fulltime RVer) - not near anyplace, but the mailing address is Salome which is 25 mi WNW of my tiny isolated RV park (40 units) just off I-10 Exit 69. It's kinda hard to guess where you're located since Phoenix is so spread out (a trip to the Coin Gallery on 35th sounds like a kamikazi mission), but I'm thinking you're from around Avondale, Goodyear, or maybe Buckeye. Ferret Lord (also a WINS member) is from Buckeye and dsking (Deb) is in Mesa; Steve (Ferret Lord) and I have plans to meet this fall; would be great if we Aridzona coin types could get together. Fred |
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New Member
United States
33 Posts |
Hi Fred, glad you made it back with your response. You must be a retired super sleuth. I live in Buckeye as well. 35th Ave into the Coin Gallery isn't so bad from here, but you would need a bunch of green backs as they have a 10 oz. gold purchase minimum. All I could do is window shop anyway. Coconino is beautiful anytime of year and I suspect it is cooler there today. I have some friends in Ashfork-Williams and should get up to see them soon. It would be grand to meet up together and put the faces with the names. I just subscribed to Coinage and have received my first copy, but it doesn't mention any coin shows or swap meets which would be a good place. Do they have anything like that up there?
Good luck with your VA visit and I hope all goes well.
Dave
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Rest in Peace
United States
2684 Posts |
Dave, I haven't found any coin shops in either Flagstaff nor Prescott although that doesn't mean they don't exist. One thing I've noticed is a fair number of pawn shops in both cities, but I haven't gotten around to checking them out since pawn shops often deal with coins (and firearms and lots of other interesting and expensive things). Maybe next year.
Williams in an interesting little town. In addition to having the most expensive gas in the area (3.37/gal), it also is the origin of the Grand Canyon Railroad which I'd like to take, and also has an old American Standard Class 4-4-0 locomotive of which I'd like some pics if I can figure out how to get down there.
Ten ounce minimum of gold at the Coin Gallery? Too many zeros after the dollar sign for me. I'll have to wait until I get next week's allowance or mow somebody's lawn in Mesa. (For those not in The Know, there are very, very few lawns in the Phoenix area. Water is as precious as gold.)
Fred
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Replies: 34 / Views: 4,810 |
First Page
Posted 08/12/2006 12:13 am
