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out of town buyer writes bad checks

greatnortherncoingreatnortherncoin Posts: 412
in Precious Metals
in oregon illinois ohio gold and silver refiners ( and other company names ) comes to town buys gold and silver for 5 days ... the problem all the checks are no good. no money in that account ! local police trying to get peoples money back.
dont send sheep to kill a wolf...

Comments

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    probably the same sellers that claim paypal sux. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I am amazed that people would take checks from outfits like that..... Cheers, RickO
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>probably the same sellers that claim paypal sux. image >>




    +1 image
    Avid collector of GSA's.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    probably the same sellers that claim paypal sux

    Or someone who is driven by greed and totally out for themself and lives on the site day & night?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • tneigtneig Posts: 1,505 ✭✭✭
    Seriously. Crap. Really an expensive lesson. Ouch.
    I guess its a tough call if you have a business and need to make sales. Can they even get
    insurance to cover that kind of loss?

    As an individual, I wouldn't even take a bank check.
    COA
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>probably the same sellers that claim paypal sux

    Or someone who is driven by greed and totally out for themself and lives on the site day & night? >>



    Not sure where you are coming from here. Blame the victim?

    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

  • johnny9434johnny9434 Posts: 28,304 ✭✭✭✭✭
    its all bush'es fault
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    I'm surprised that a bullion/coin dealer would take a large personal check from a stranger without holding the purchased merchandise until after the check has cleared.

    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

  • greatnortherncoingreatnortherncoin Posts: 412
    some people fall for the full page ads in the newspaper. this con man has done this in other towns ...
    dont send sheep to kill a wolf...
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    "Ohio Valley Gold & Silver", or something like that?

    They were here a few years ago, and their business card had no phone number or address. Hmmmm. You can google them I believe. Both of my threads on them got vaporized, and I still don't know why.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jdimmickjdimmick Posts: 9,674 ✭✭✭✭✭
    They were over in a town about 1 hr away last week, a guy called about a 55 ddo lincoln cent he had and that they had offered him 750.oo for it. Apparently he felt that was low(ya think) and wanted to know if I could submit it for him so he could sell it on e-bay. Anyway I happen to buy it myself for quite a bit more $, as he just outright sold it to me after I gave him an offer. Anyway, when he came in that day I was asking about thier set up and operation, he mentioned that a supervisor came out and told the buyers to hold up buying that they had problems with checks, and not to write any additional. I thought that was odd, cause even though they are scammers and low ball buyers, they usually are well funded!

    by the way, the 55 ddo lincoln is a 62 brown.

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    How would an outfit like that be accountable for hundreds of thousands of dollars in cash? As a coin dealer if you go to your bank and get $50K cash to start you day, wouldn't you eventually be expected to deposit a like or larger amount?
    theknowitalltroll;
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>probably the same sellers that claim paypal sux. image >>




    image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • JazzmanJABJazzmanJAB Posts: 1,026 ✭✭✭✭
    Ohio Valley Gold & Silver
  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    Over on the coin dealer network, a B&M based in Springfield, IL is reporting that a hotel buyer out of Springfield has been bouncing checks and that the police are seizing assets.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • truthtellertruthteller Posts: 1,240 ✭✭
    These guys are pretty big. Looks like they may be toast. Look for a new name in a couple of weeks.


    TRUTH
  • greatnortherncoingreatnortherncoin Posts: 412
    local police should be arresting the check writer
    dont send sheep to kill a wolf...
  • CakesCakes Posts: 3,626 ✭✭✭✭✭


    << <i>probably the same sellers that claim paypal sux

    Or someone who is driven by greed and totally out for themself and lives on the site day & night? >>



    BOOOOOOOOOOOOOOOOOOOOO what a cheap shot!
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    comes with the turf, part of the game.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Wasn't directed at you at all derry and I'm surprised a simple comment I made is still being discussed almost a week later. Didn't realize some pay so close attention to what I say. In hindsight, I guess it could be viewed as a cheapshot, but it's mho, which I hope that I am still entiltled to?

    btw, my stance on paypal has changed in the last week after a deal that I has reservations on from the beginning turned bad, and now I am only hoping the seller will make good on as she says she will. It's really my fault for entering into a transaction that I knew better not to because if what happened, happened (and of course it did with my crap luck), I would be in the position I am now as the buyer. Karma (talking bad about Paypal) truly is a (you know what)!

    Edited to add:
    If anyone sees this bar anywhere, please let me know where you saw it so I can inform the authorities handling the case. You are looking at a bar that didn't make it to my P.O. box, only the envelope did.
    image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Thanks for clearing it up.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CakesCakes Posts: 3,626 ✭✭✭✭✭
    Not a big deal pieces but I had to have derryb's back, he has provided me with a lot of good info.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
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