out of town buyer writes bad checks

greatnortherncoin · April 24, 2012 12:58PM

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.

derryb · April 24, 2012 1:01PM

probably the same sellers that claim paypal sux.

ricko · April 24, 2012 9:45PM

I am amazed that people would take checks from outfits like that..... Cheers, RickO

gsa1fan · April 24, 2012 9:52PM

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

>>

+1

piecesofme · April 24, 2012 10:08PM

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?

tneig · April 24, 2012 11:55PM

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.

PerryHall · April 25, 2012 1:27AM

<< <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?

johnny9434 · April 25, 2012 5:58AM

its all bush'es fault

PerryHall · April 25, 2012 6:16AM

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.

greatnortherncoin · April 25, 2012 9:09AM

some people fall for the full page ads in the newspaper. this con man has done this in other towns ...

jmski52 · April 25, 2012 10:07AM

"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.

jdimmick · April 25, 2012 2:24PM

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.

BAJJERFAN · April 26, 2012 1:22AM

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?

mrearlygold · April 26, 2012 8:55AM

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

>>

JazzmanJAB · April 26, 2012 11:48AM

Ohio Valley Gold & Silver

CaptHenway · April 27, 2012 9:42AM

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.

truthteller · April 27, 2012 10:04AM

These guys are pretty big. Looks like they may be toast. Look for a new name in a couple of weeks.

TRUTH

greatnortherncoin · April 30, 2012 12:12AM

local police should be arresting the check writer

Cakes · April 30, 2012 3:15AM

<< <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!

derryb · April 30, 2012 3:31AM

comes with the turf, part of the game.

piecesofme · April 30, 2012 6:54AM

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.

derryb · April 30, 2012 7:28AM

Thanks for clearing it up.

Cakes · May 1, 2012 1:20AM

Not a big deal pieces but I had to have derryb's back, he has provided me with a lot of good info.

out of town buyer writes bad checks

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