Would you even consider this?
Mizzou
Posts: 529 ✭✭✭✭
I have a few coins that I've purchased over the years trying to build a complete set of the series. I came across one on Ebay tonight that I could use and clicked on the listing. That's when I noticed that it was in a PCGS holder but....the seller was located in China.
Would you even consider this as a purchase? I didn't.
Wisdom has been chasing you but, you've always been faster
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Negative.
Dave
We need a Lot more information before we can help…
Like…is this even a US coin?
It's a U.S./Philippine peso, I may get criticized but because of all the scams I've heard about...I just won't purchase anything from China or Spain.
Wisdom has been chasing you but, you've always been faster
Ask the seller for U.S. dealer references and contact those references
I wouldn't touch it with a 10 foot chop stick.
Usually buying a coin from China is a headache waiting to happen.
"When they can't find anything wrong with you, they create it!"
No 👎
Then….no
It all depends on the seller and their feedback. If it’s someone with little to no feedback or lots of questionable (fake) slabs, then don’t briber. However, if it’s someone with plenty of sales and good feedback, there is no issue buying from China. I’ve purchased a few times from Chinese sellers and have been happy with the coins.
If you can pay by PayPal or a credit card, shouldn't PP or your CC company give you a charge-back if the coin is misrepresented? Or course, if the seller has a low post count and the coin is expensive, it's probably a good idea to pass on the coin.
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
+1
I don’t buy or sell internationally just to avoid some of the headaches that one may encounter.
Of course if you are buying or selling “foreign” coins then you might have to deal with international purchasing/selling.
Joe.
Not a chance!!
I have purchased a few slabbed coins from a seller on Ebay from Japan and have had good success so buying slabbed coins from beyond the Pacific isn't all bad!
But coins from China...........RFR!!!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Verify anything else you buy from the states or Canada that arrives in the mail with chinapost packaging....
You should be verifying everything anyway.
Ask them if they give a discount on 5 or more. But seriously, no way would I buy a coin from there.
PCGS does have a submission center in China.
https://pcgs.com.cn/?webSyncID=c4e33c42-9918-5431-ca11-ddc0904ba057&sessionGUID=2e694643-1018-9cad-3771-c3badd28250a
I also collect coins and currency from Portugal, recently a few very rare notes popped up, the price was good, they were graded and when I saw they were from China I passed.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
Not even with someone else’s money 💴
Absolutely not.
I recently purchased this from a Chinese seller. It arrived in about two weeks and I am happy with the purchase.
As others have said, it depends on the coin, the seller, and the price.
Philippians 4:4-7
No
Just think if you're a legitimate seller from China trying to start a coin enterprise........you don't stand a chance!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Does it match the PCGS photos?
If not then no.
If so, then yes.
bob
vegas baby!
When in doubt...don't.
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That's been my tagline forever!
Based on the photo style, that looks to be the same seller that I bought one of my coins from. It also arrived in around two weeks. And the coin turned out better than I expected (my video is below).
It would really depend, but under the right circumstances I would consider buying.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
How rare is the coin? I would gamble if it were something that might not come around again for years, and everything else checked out and there was positive feedback. I would pay with a credit card and if it didn't work out I would charge it back. I don't see how there's much downside with eBay, and it might be a big headache to deal with but if the risk/reward ratio made sense I might consider it.
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Sure you do - you have an enormous domestic market.
You could also establish a reputation in the industry and sell outside eBay. You could consign to auction houses. You could travel to international coin shows.
Why are you concerned that Chinese sellers are met with skepticism on eBay?
Returning back to this thread, I bought a coin from a Chinese seller (Hong Kong, to be specific) on November 5th and it arrived in record time on November 13th! The coin looks good and I’m happy with the transaction. So if you (the original poster or anyone else considering an coin) are careful and work with the right sellers, everything should be fine.
No way.
Spain? Thats a new one on me. Is Spain known for making or reselling forgeries more then some other European country?
Totally agree.
I would and have. On ebay, you've got ebay guarantees, PayPal guarantees, and credit card guarantees. You've also got eBay feedback to look at. If it's not a 5 figure coin, I really don't see the big deal.
I bought 10 T shirts from a Chinese seller a couple months ago. Only 9 arrived. I contacted them and they refunded me within 24 hours. There are plenty of honest hard working people in China. Threads like this really make me sad.
Fairness?
I recently ended up buying a 1951 George VI Crown in PL66 from an Ebay seller located in Hong Kong:
Based on what I know about the potential for Chinese counterfeits, I was incredibly wary, but I figured he was legit for the following reasons:
1) The coin is cupro-nickel, and why would anyone try to fake a cupro-nickel coin?
2) The seller would have needed to create a fake NGC holder as well, and the number checks out. I also did a close inspection of the photos of the coin and holder on NGC's website, and they seemed identical to the coin and holder in the photos the seller had uploaded to Ebay.
3) It's not unlikely that a Hong Kong coin shop would carry old British coins considering it used to be a British possession. There's obviously a market for those coins there.
Here were the photos from NGC's website:
I should add that the coin is in my possession, and I don't see any differences between it or the holder, and any of the photos I've posted here. Now, would I trust a silver or gold purchase? Maybe not.