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FAKE GOLD SCAMS

by: beeguy56( 44Feedback score is 10 to 49) Top 1000 Reviewer
1732 out of 1801 people found this guide helpful.
Guide viewed: 35317 times Tags: GOLD | GOLD COINS | BULLION | .999 GOLD | COINS


  I was the victim of a scam. I purchased a coin that was being sold as solid gold, it was a vietnam vet commerative. It looked like a great coin at a good deal, there were many other buyers of the same type of military commerative coins from this seller. I watched a bit longer, then I bought it. I didn't know it was fake until I received the coin, had it examined at a reputable coin shop and saw that it was under weight and had no content markings (.999 gold) etc... I contacted the seller who denied any wrong doing and continued to claim it was real, I then took action with the Internet Crime Complaint Center (www dot ic3 dot gov) I called the seller and told him to issue a full refund or face prosecution. I did receive a refund within 10 minutes of our conversation. I still filed a complaint. The seller disappeared for a few months but is now back on and at it again. Fortunately I used PayPal to make my purchase, that is the best way to go. The seller no longer takes PayPal so now it would be more difficult to get your money back, he also keeps feedback private, this makes it difficult to recearch his items. Ebay policy prevents people from warning others of fraud but I feel that if a crime can be prevented it should, no matter what. I don't know why I am concerned about others, I guess it's just my nature. I hope all those who read this take note, precious coins and bars should normally have a marking that shows weight and purity content, if not, there is a good chance that what you are looking at is NOT the real thing! Be aware and do research, don't be scammed as I was. I found the same coins this seller was auctioning for about 6$, he would than resell those same coins for hundreds.  Thanks for your time, hope this helps.

UPDATE: Seller is no longer a registered user but, this doesn't mean he is gone, he can register under a new name, be carefull people!


Guide ID: 10000000001003873Guide created: 05/28/06 (updated 05/16/08)

 
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Related tags: GOLD COINS | COINS | BULLION | .999 GOLD | GOLD

 


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