Do I have to legally return the money?? Help!!!! Am I Going to Jail?

Hi TD, How ya been...Traci

 

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The other thing is I did wait 24 hours to cash that check! if i was trying to screw them I would have cashed it ASAP. I don't want to see them lose money because they seem like nice poeple and I sure don't like the idea of getting sued. I would also like to not receve any bad karma. that karma always comes back ten fold!!!!

 

Keep in mind the remote possibility that the coins they want to give you back may not be the same coins you brought them. Switches such as the one I'm alluding to are not unheard of in this business...

 

I would take comfort in knowing that they sold fakes to people and they actually know now that they are fakes, but they are not going to contact the buyers. That there does not look good for them either.

 

This is a bit of an overstatement. Silver and gold pandas are nice bullion coins, and lots of people have them. To own one of these, you're doing business with the Chinese somewhere down the line.

But to the OP, how much could you have already spent? If you got 35/coin, but paid 25/coin, you'd only made $2,400 in profit. The rest of the money he paid you just reimbursing your original amount used to buy the coins.
Regardless, though, somebody is going to be getting screwed unless you can return them to the dude you bought them from for a full refund.

 

Hola, Chica!!! Are you guys getting hammered by this storm, too?

 

This may also be true in which case if you refunded their money they would have there money back, PLUS the authentic coins, PLUS the money they made from selling the fakes. This would be huge profit for them, which unfortunately can make people dishonest.

 

Yep TD, the past 48 hours have been crazy up here. Power was down for 12 hours, yesterday and had to move my Harley to higher ground in the rain !!!! Any recent trips slouth of the border Dave ???

 

Si, amiga! My tequila sales are almost eclipsing my coin sales! It's a tough job, but somebody's gotta do it! LOL!!!

 

Most lawyers will give you a free initial consultation. As advised, you might want to take that route. Is there anything in writing documenting the transaction? TC

 

Hire a lawyer and ask him, I would also look at your return options from the seller...just out of curiosity, where did you order these? Ebay, a website? Ounces of silver at 10$ below spot is a HUGE red flag, one of those things that's a no brainer. When it comes to coins/bullion, if it's too good to be true, it almost ALWAYS is.

 

By too good to be true we mean 33% under spot and almost always means 99.99999999% of the time.

 

the had me sing a document stating that I receved the check and they gave me a recept

 

Pretty Fishy all the way around.

Why is the Chinaman selling so cheap if real ?

The dealer should easily be able to determine if real before buying them.

The dealer not trying to buy them back from customers is dishonest.

 

key word almost, I was willing to risk a few hundred to see and when all the experts said it was too good to be ture yet true never the less I went all in. who wouldn't!

 

I would recommend trying to break even on this one. Even if you obtain a lawyer and win, you can kiss a large chunk of your winnings goodbye as the lawyer will take more than their fair share.

Best case scenario, during your free consultation with the lawyer, they'll say the buyer doesn't have a leg to stand on and not to worry about their threats. But that is highly unlikely that a lawyer would tell you that their services are not required.

-LTB

 

If dealer keeps threatening you. Go talk to him personally with a smile and a gun.

 

What I find interesting in the OP

I know they have a test for sterling silver but as far as I know only for sterling.

 

actually the coin shop I sold both shipments to is the coin shop I inststed perform the acid test. they didn't want to at first but I wasn't going to drop thousands of dollars on coin from china with out going above and beyond the call or duty. later on they said the only resion it passed the acid test was becuase the guy who performed it didn't know what he was doing and becuase it was silver plated. how is it a "expert coin dealer" can't tell the difrence between plated and pure .999 silver. there has to be some major clues that I am unaware of right???

 

Political rants against any nationality/country should be stopped. The forum is international in membership.

Thanks

Jim