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Questionable ad
RevDrBlimber
Posts: 391
http://chaimgreenberg.com/selllist.html
This ad has been running for a while in Coin World with slight changes in copy. Do other numismatic publication permit such questionable ads?
The premise is absurd as stated in the ad. A family is living in poverty but has millions of dollars in a collection. They contacted Chaim Greenberg and he is charging only a small brokerage fee to sell the collection for the family. Such collections, if they have rare dates that will certify, should be certified and then sold to the usual top buyers.
This ad has been running for a while in Coin World with slight changes in copy. Do other numismatic publication permit such questionable ads?
The premise is absurd as stated in the ad. A family is living in poverty but has millions of dollars in a collection. They contacted Chaim Greenberg and he is charging only a small brokerage fee to sell the collection for the family. Such collections, if they have rare dates that will certify, should be certified and then sold to the usual top buyers.
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Comments
what would be the difference?
...linkified
http://forums.collectors.com/messageview.cfm?catid=26&threadid=295472&STARTPAGE=3
I emailed him a while back to get specific dates and coins he was selling and refused to do so saying that it hadn't worked out with him in the past, lol! Heritage a while back sent me some bulletins on Coinplex that he was way behind on some bills with them.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Re: Rare Coin Scam
Postby notorial dissent » Mon Jun 25, 2012 3:13 am
My take on this, is that if "you all know" he is selling the coins at below market, and he is claiming he has to sell them to get liquidity for his client, then why doesn't he just take them to a reputable dealer and sell them for what he can get? If he were legit, he'd either sell to a dealer and be done with it, or sell at an auction, the problem is that the evaluations he is using wouldn't hold up, and he would get what the collection is really worth.
The whole thing reaks of scam as far as I am concerned, and I really have a hard time seeing why, as someone has pointed out, that complaints are not filed with his state AG, and preferably his local DA, and with the magazine for false and misleading advertising. I will further assume from what wasn't said, that there have obviously been a number of people stung on the 25% "cancellation fee" because the coins really aren't what they are advertised as. That is fraud. If someone is selling something and claiming it is in mint condition and charging mint condition prices for it, and the actual item has been worn smooth, that is fraud, any way you look at it. The racket here is in collecting the 25% fee for items that aren't worth what is claimed, and that is fraud as well. http://www.quatloos.com/Q-Forum/viewtopic.php?t=8544
http://www.coinshop.com