Buyer Beware

Onastone · March 21, 2021 6:22PM

This popped up on a random ad on FB. It almost reads like a "Find 10 Things Wrong with this Picture" So many problems with this, do people actually send their money to these type of scams??? Good grief.

airplanenut · March 21, 2021 7:16PM

I'd have believed the ad at $17.98, but no idea how they could drop it 50% off.

TomB · March 21, 2021 7:17PM

Thank you for posting this. It says "last day" so I made certain to load up the truck with them!!!

Pnies20 · March 21, 2021 8:01PM

Guaranteed safe checkout. THANK GOD! I’m all in

ms71 · March 21, 2021 8:02PM

Rats, I was waiting for another price cut to $4.99.

cmerlo1 · March 21, 2021 8:36PM

I'm sure I'll be breaking the bad news to someone at the ANACS table at a future show...

BigJohnD · March 21, 2021 9:03PM

Come on Man!

opportunity · March 21, 2021 9:36PM

Ironically, the scam would be more successful if the price were closer to the real value.

PerryHall · March 22, 2021 1:10AM

@ms71 said:
Rats, I was waiting for another price cut to $4.99.

If you offer to buy enough of them, I'm sure they'll you a break in price.

Jimnight · March 22, 2021 5:00AM

ricko · March 22, 2021 5:29AM

Unbelievable.... AND buy five or ten, you get FREE shipping.... Sad... but some will bite... Cheers, RickO

YQQ · March 22, 2021 8:53AM

On another post, I reported a similar one also from FB.
https://forums.collectors.com/discussion/comment/12872551#Comment_12872551
FB sent a note and said it was now investigated and is gone forever.
where the ad was it also said this ad is gone.
however, several others popped up... just like Ebay... you get rid of one, another popped up

astrorat · March 22, 2021 9:15AM

Sure ... some will buy these knowing they are counterfeits. Then they will try to sell them to others as real. No surprise ... it's a practice as old as humanity.

CaptHenway · March 22, 2021 9:36AM

@opportunity said:
Ironically, the scam would be more successful if the price were closer to the real value.

Indeed. Back in the mid-1980's when gold was let's say $400 there was an ad in the Chicago Tribune offering a two-medal set where one piece was .one ounce of 999 fine silver and the other was one ounce of .999% fine gold for $399 or whatever. The picture showed them as being the same size, even though one ounce of pure gold is only a little more than half the volume of one ounce of pure silver.

Being good at math I know that .999% is literally less than 1%. I assumed that it was gold plated silver. I contacted the Tribune and they were not interested. I contacted the postal inspector's office in Chicago and they asked me if I had bought one. When I said no they told me that I could not file a complaint unless I had been victimized. They did not give a damn.

A few years later an elderly couple walked into the coin shop with one of these sets to sell. I recognized it and said there may be a problem. In front of them I weighed each piece, at one ounce, and compared the sizes. They were the same size. I explained to them that they had been cheated and how they had been cheated, and all the man could do was say, rather pitifully, that he thought he had been buying an ounce of gold. I told him he could file a complaint with the postal inspector and gave him my card and told him that I would be happy to explain the scam to the postal inspector over the phone, but I never heard from them again.

TD

Onastone · March 22, 2021 4:56PM

@astrorat said:
Sure ... some will buy these knowing they are counterfeits.

I had started another conversation about this very thing a while back, would you buy a counterfeit knowing it was not real, and I just couldn't justify buying one. As far as I know, all my coins are genuine, at least I hope they are. I put them on display on little magnets on my fridge!

Onastone · March 22, 2021 5:00PM

@CaptHenway said:

A few years later an elderly couple walked into the coin shop with one of these sets to sell.
That's just sad. Buyer beware. Knowledge is a powerful thing...so many things to learn here.
When I was younger, I had bought ten Peace Dollars, only to discover years later they had all been cleaned. Ughhh...at least they were real.