Can I trust a buyer
Landser
Posts: 9 ✭
Greetings,
A while go I tried to sell a misprinted bill but unfortunately couldnt find an appropriate buyer. I'm not an American and that makes it difficult.
I recently got mailed by antiquemoney.com, they offer me money via PayPal and ask me to after I received the money ship the bills to them. My question is: can I trust that website? (In the mail they say the are related to stacks bower auctions, which I googled and looks very decent) Is this trading method appropriate? (I'm from Spain).
They weren't any suspicious about the bill, they haven't ask me for more pictures. When I uploaded the images in this forum people were really suspicious.
I hope I'm not offending anyone with this question, I'm just an ignorant in this subject.
Thanks a lot.
Comments
Most bullion buying organzations, such as APMEX, SDBullion, etc. require you to ship the bullion gold or silver coins/bar to them up front BEFORE they send you any money.
Granted, this is paper money, but the principle is still the same. If they're the professionals, and you're just some guy off the street, the credibility is naturally supposed to rest in the company not random people.
If this organization, person, or company is offering to pay you upfront for your paper currency, either they truly trust you, or they believe PayPal will protect them in the event you don't ship them what you promised to.
I would speak with someone there on the phone and verify with photos via email that what you have is what they expect long before I would consider shipping them something valuable across continents.
Did you already receive payment via PayPal?
—If you did receive payment then ship with tracking and delivery confirmation. This should protect you and buyer if something goes wrong.
—If you did not receive payment then caution is always advised if you do not know about the buyer. You should also post in the Currency Forum, it is a sleepy hallow, but there are some knowledgeable folks there about currency.
@Landser ....Welcome aboard.... good advice above...Direct contact would be recommended, and paypal with tracking/delivery is certainly recommended. Cheers, RickO
@Landser
Welcome and let me know how you make out.
I looked at there site http://www.antiquemoney.com/about-us/
and may contact them with some notes that I have.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Now I'm wondering how they got your information to mail you ??
It does not say they are related to Stacks Bowers..................it says............We Accept Consignments For Stacks Bowers Auctions
They also have Satellite Offices:
Atlanta, GA
Baltimore, MD
Boston, MA
Charlotte, NC
Chicago, IL
Dallas, TX
Detroit, MI
Knoxville, TN
Los Angeles, CA
Memphis, TN
Nashville, TN
New Orleans, LA
Orlando, FL
Philadelphia, PA
San Francisco, CA
Seattle, WA
Washington, DC
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
I wouldn't.
I dont know any businesses that will pay first and asked to ship item(s) later. Especially 1 where there no prior dealing with.
If that's their standard way of doing business, they won't last long.
From www.antiquemoney.com
How Does A Transaction Work?
We are not your typical “mail it to us and hope for the best” operation. Our customers always get paid before they have to ship anything to us. A typical transaction works like this:
1) A potential seller sends us an email with scans or digital photos of his/her bank notes.
2) We review the images and make a no questions asked offer.
3) If the offer is accepted then we pay the seller via paypal (or you can bring to one of our retail locations).
4) Only after the seller is happy the funds have cleared successfully does he or she mail the currency to us.
5) Everything is shipped via USPS registered mail with insurance. It is completely safe and secure.
Does seem a bit odd in this day and age
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Isn't the buyer protected by pay pal?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Run Forrest, run...
Stacks Bowers web sites are through a reputable domain hoster, Network Solutions
These clowns are GoDaddy. I'm not saying there aren't some reputable sites hosted through GoDaddy. But if you had access to a professional IT organization, why use the lowest rung? And run it on a shared host with 5000 other websites?
ANA 50 year/Life Member (now "Emeritus")
Buyers are liars, sellers are just crooks
11.5$ Southern Dollars, The little “Big Easy” set
Why am I expecting the payment to be changed to CHECK due to some "unexpected" circumstance.
A known scam offers payment before shipping, but the check never clears.
I wouldn't touch this "deal."
Manning Garrett is the owner of Antiquemoney.com and is listed as Director of currency at StacksBowers.
Well respected on the currency side of the numismatic hobby. You should address any concerns about shipping or the sale to him directly.
Good idea. Or the OP can contact Stacks and see if they agree that the buyer is a consignor. Don’t know if they will reveal but no harm in asking.