scammers know people will become greedy if they think a deal is good, they use this method many times and get millions from people who never think beyond their greed
10% below melt is not a thief...that is crazy to suggest. In fact, that is what a lot of the major bullion buyers pay for 90% silver from the general public. Same for gold if you are selling small quantities. Your focus is not where it should be @jmlanzaf
@jclovescoins said:
10% below melt is not a thief...that is crazy to suggest. In fact, that is what a lot of the major bullion buyers pay for 90% silver from the general public. Same for gold if you are selling small quantities. Your focus is not where it should be @jmlanzaf
I said GOLD. No one reputable buys gold 10% back. I'll buy all the U.S. gold coins this board will sell me at $1100 per ounce. You were talking a $5 and $2-1/2, not a pile of dental gold.
We all know Loris is a thief. We've acknowledged it. And you know what, there's other people out there like him. If people like us are not to fall prey, we need to rein in our greed. My focus is EXACTLY where it should be: preventing other people from being swindled.
That is WHY this racket works. Be honest. If he were selling you something at close to eBay prices, you would NOT have sent him a nickel. The only reason you did is because you thought you were going to get a score. That doesn't make you a bad person. It's human. But that is why these scams work.
If I were to offer 1 oz Gold eagles on Craig's list for $1250 each, NO ONE would call me. If I list 1 oz Gold eagles on Craig's list for $1000 each, SOMEONE will call me. I didn't suddenly become more trustworthy. In fact, I should be MORE trustworthy if I actually know the value of what I'm selling.
The Feds recently arrested a Pennsylvania man for running a Craig's list gold scam in multiple states. He would run an ad go to NY or Ohio and meet some schlub in a public place and exchange fake eagles for cash. Took them a while to find him. I'm not sure how many he sold. But every one he sold is a monument to greed, greed clouding judgment.
I don’t think most people would consider it thievery to buy 10% back of melt an ex-jewelry piece of gold which is what Loris had pictured. If you feel that way, fine—but you would be in the minority. It is not a “steal” or a “score” to make 10% on an item. So, no, it is not greed. Re-read my post as it tells you my motivation—helping someone out that didn’t know what they had.
I will concede that I would not have touched the deal at melt value. Gold at melt value is plentiful. Discounted gold is harder to find but it is available and the big guys get it all the time. Thievery is telling someone they are copper and paying $50 for some gold pieces lol
A long term local dealer recently had a return on a gold bar; the ebay buyer, as usual someone without much of a track record returned it saying that it responded to a magnet and he was sending it back for money. It was sent back but to an Indian restaurant down the road, so it showed "delivered" but the Indian restaurant had no memory of the probably empty package. So the dealer followed good legal procedure, got a police report, spent many hours to establish the fraud and finally got his money back though the buyer had filed a chargeback. Unfortunately the dealer has his ebay set up for automatic feedback so he couldn't warn others.
The return address on the package should be good for tracking the thief down.
I went to ship a package back in July at a FedEx store, and was asked for my FedEx account number. When I told them I didn't have one, the counterperson refused to ship my package unless I provided a driver's license. When I saw that my home address was on the package, I asked that it be changed, since it was a package I was shipping for work. They refused, stating that the address on the license of the sender has to be the return address. I wasn't happy about it, but didn't want to argue with a line behind me and didn't have time to try to find the post office in the city I was in.
@jclovescoins said:
10% below melt is not a thief...that is crazy to suggest. In fact, that is what a lot of the major bullion buyers pay for 90% silver from the general public. Same for gold if you are selling small quantities. Your focus is not where it should be @jmlanzaf
I said GOLD. No one reputable buys gold 10% back. I'll buy all the U.S. gold coins this board will sell me at $1100 per ounce. You were talking a $5 and $2-1/2, not a pile of dental gold.
We all know Loris is a thief. We've acknowledged it. And you know what, there's other people out there like him. If people like us are not to fall prey, we need to rein in our greed. My focus is EXACTLY where it should be: preventing other people from being swindled.
That is WHY this racket works. Be honest. If he were selling you something at close to eBay prices, you would NOT have sent him a nickel. The only reason you did is because you thought you were going to get a score. That doesn't make you a bad person. It's human. But that is why these scams work.
If I were to offer 1 oz Gold eagles on Craig's list for $1250 each, NO ONE would call me. If I list 1 oz Gold eagles on Craig's list for $1000 each, SOMEONE will call me. I didn't suddenly become more trustworthy. In fact, I should be MORE trustworthy if I actually know the value of what I'm selling.
The Feds recently arrested a Pennsylvania man for running a Craig's list gold scam in multiple states. He would run an ad go to NY or Ohio and meet some schlub in a public place and exchange fake eagles for cash. Took them a while to find him. I'm not sure how many he sold. But every one he sold is a monument to greed, greed clouding judgment.
So all those 'WE BUY GOLD' kiosks in shopping malls that buy at 30% of melt are not legitimate or reputable?
Sorry you were burned, never had one issue here, over 100 transactions. Got burned once on Ebid used a MO to buy a double eagle, never again, CC all the way.
@jclovescoins said:
I don’t think most people would consider it thievery to buy 10% back of melt an ex-jewelry piece of gold which is what Loris had pictured. If you feel that way, fine—but you would be in the minority. It is not a “steal” or a “score” to make 10% on an item. So, no, it is not greed. Re-read my post as it tells you my motivation—helping someone out that didn’t know what they had.
I will concede that I would not have touched the deal at melt value. Gold at melt value is plentiful. Discounted gold is harder to find but it is available and the big guys get it all the time. Thievery is telling someone they are copper and paying $50 for some gold pieces lol
I didn't exactly say it was thievery. I said that people would accuse a dealer of thievery if they offered 10% of melt for gold coins. Again, gold scrap is different. ex-Jewelry piece, that might be okay, depending on damage although most dealers still pay 93-95% of melt because they can get 98% of melt.
This seller stunk from day one for me. And that’s partially because there are plenty of fresh smelling and reliable sellers on the BST. You may not score with them every time but over time it pays.
Yet, if you want to buy under spot from newbies and roll the dice then you take your chances. For a while we had some Reactionary and immature small denomination gold seller with terrible photos and a few people bought from him way under spot which smelled so bad. Just on principle alone.
@ChrisRx said:
How hard is it to understand... If they are NEW, then they send the merchandise FIRST,
Then there would be no deal . Why would someone new who is unfamiliar with members here ship his item first ? They might have some trust concerns too . Works both ways .
That's why we have paypal ( credit card ) and we buy as merchandise .
Sorry, no references no deal. Especially those "no paypal" scammers. I'd rather not deal with the headache. To each his/her own.
@jmlanzaf said:
Ran into a guy locally. He ONLY buys gold bullion from private sellers. He answers Craigslist ads and classified ads. He claims he had never been burned UNTIL he showed up at a friend's coin shop with a horribly underweight American Gold Eagle (fake). $1300 mistake which, even if it was the only time he got caught, more than makes up for the $50 to $75 per ounce he saved by not using a bullion dealer. [And Lord knows how many other better fakes he still has!]
People would never invest in stocks with people they meet in parking lots or Starbuck's. But wave a coin deal under someone's nose and they show up in a dark alley with a sock full of cash. SMH.
He needs to buy one of these,,,,,
He could have paid for (2) of them with the $1300 lost on the Gold Eagle,,,,,,,
Can any one print that paper work and just change the date and send it in a box?
I would call customs and see if they did do what is say's in the latter, Then if paid by VISA or CC you can put in a claim. If by bank Ck or ATM card you can file a Fraud claim and have your $$$ returned I think zelle is used by BofA and you can get your $$$ back.. Good luck hope it works out for you.
Comments
scammers know people will become greedy if they think a deal is good, they use this method many times and get millions from people who never think beyond their greed
COINS FOR SALE AT LINK BELOW (READ CAREFULLY)
https://photos.app.goo.gl/oqym2YtcS7ZAZ73D6
10% below melt is not a thief...that is crazy to suggest. In fact, that is what a lot of the major bullion buyers pay for 90% silver from the general public. Same for gold if you are selling small quantities. Your focus is not where it should be @jmlanzaf
I said GOLD. No one reputable buys gold 10% back. I'll buy all the U.S. gold coins this board will sell me at $1100 per ounce. You were talking a $5 and $2-1/2, not a pile of dental gold.
We all know Loris is a thief. We've acknowledged it. And you know what, there's other people out there like him. If people like us are not to fall prey, we need to rein in our greed. My focus is EXACTLY where it should be: preventing other people from being swindled.
That is WHY this racket works. Be honest. If he were selling you something at close to eBay prices, you would NOT have sent him a nickel. The only reason you did is because you thought you were going to get a score. That doesn't make you a bad person. It's human. But that is why these scams work.
If I were to offer 1 oz Gold eagles on Craig's list for $1250 each, NO ONE would call me. If I list 1 oz Gold eagles on Craig's list for $1000 each, SOMEONE will call me. I didn't suddenly become more trustworthy. In fact, I should be MORE trustworthy if I actually know the value of what I'm selling.
The Feds recently arrested a Pennsylvania man for running a Craig's list gold scam in multiple states. He would run an ad go to NY or Ohio and meet some schlub in a public place and exchange fake eagles for cash. Took them a while to find him. I'm not sure how many he sold. But every one he sold is a monument to greed, greed clouding judgment.
I don’t think most people would consider it thievery to buy 10% back of melt an ex-jewelry piece of gold which is what Loris had pictured. If you feel that way, fine—but you would be in the minority. It is not a “steal” or a “score” to make 10% on an item. So, no, it is not greed. Re-read my post as it tells you my motivation—helping someone out that didn’t know what they had.
I will concede that I would not have touched the deal at melt value. Gold at melt value is plentiful. Discounted gold is harder to find but it is available and the big guys get it all the time. Thievery is telling someone they are copper and paying $50 for some gold pieces lol
A long term local dealer recently had a return on a gold bar; the ebay buyer, as usual someone without much of a track record returned it saying that it responded to a magnet and he was sending it back for money. It was sent back but to an Indian restaurant down the road, so it showed "delivered" but the Indian restaurant had no memory of the probably empty package. So the dealer followed good legal procedure, got a police report, spent many hours to establish the fraud and finally got his money back though the buyer had filed a chargeback. Unfortunately the dealer has his ebay set up for automatic feedback so he couldn't warn others.
The return address on the package should be good for tracking the thief down.
I went to ship a package back in July at a FedEx store, and was asked for my FedEx account number. When I told them I didn't have one, the counterperson refused to ship my package unless I provided a driver's license. When I saw that my home address was on the package, I asked that it be changed, since it was a package I was shipping for work. They refused, stating that the address on the license of the sender has to be the return address. I wasn't happy about it, but didn't want to argue with a line behind me and didn't have time to try to find the post office in the city I was in.
So all those 'WE BUY GOLD' kiosks in shopping malls that buy at 30% of melt are not legitimate or reputable?
Sorry you were burned, never had one issue here, over 100 transactions. Got burned once on Ebid used a MO to buy a double eagle, never again, CC all the way.
First of all: no
Second of all: dental fillings are different then pre-1933 gold
There's not one member of this board that wouldn't walk out of a store an never return if they offered $1065 for a $20 lib.
I didn't exactly say it was thievery. I said that people would accuse a dealer of thievery if they offered 10% of melt for gold coins. Again, gold scrap is different. ex-Jewelry piece, that might be okay, depending on damage although most dealers still pay 93-95% of melt because they can get 98% of melt.
thank you,jclovescoins for your post with details on the transaction and the steps you took to protect yourself. Useful and informative.
How hard is it to understand... If they are NEW, then they send the merchandise FIRST,
This seller stunk from day one for me. And that’s partially because there are plenty of fresh smelling and reliable sellers on the BST. You may not score with them every time but over time it pays.
Yet, if you want to buy under spot from newbies and roll the dice then you take your chances. For a while we had some Reactionary and immature small denomination gold seller with terrible photos and a few people bought from him way under spot which smelled so bad. Just on principle alone.
Sorry, no references no deal. Especially those "no paypal" scammers. I'd rather not deal with the headache. To each his/her own.
He needs to buy one of these,,,,,
He could have paid for (2) of them with the $1300 lost on the Gold Eagle,,,,,,,
Proceed with cautious ...... my Dad used to say "when it comes to money; the blind can see"
Can any one print that paper work and just change the date and send it in a box?
I would call customs and see if they did do what is say's in the latter, Then if paid by VISA or CC you can put in a claim. If by bank Ck or ATM card you can file a Fraud claim and have your $$$ returned I think zelle is used by BofA and you can get your $$$ back.. Good luck hope it works out for you.
Hoard the keys.