How many times have you been ripped off by a coin dealer especially by an internet coin dealer. How badly did the do so? Who ripped you off? Help others to know not to use them!
Ebay rips me off every time I sell something there, and they do it increasingly. Every month it seems those jerks are raising their fees. I've also been ripped off by credit cards, particularly one time I paid off a card, and they charged me 6 cents interest after it was paid off. I thought, I didn't even need to check my statement, since it had been paid. Got charged over 100 dollars by the time I realized it was over 6 cents, and it hurt my credit BS IMO.
I've never been ripped off too bad....but I have bought a few fakes.....as for ebay....they over charged me 1cent this time... Speedy
Littleton is known for high priced coins...but they also have some good coins. The key is to know what you are buying, know what it is worth, know what you are willing to pay. Sometimes Littleton has coins that you can't find easyly other places. Speedy
I have not been ripped off when buying through e-bay. You need to know what you want and pay only what you are willing to pay. Also realize that most coins are overgraded and take that into account when buying on-line. When buying in person from a dealer, don't be afraid to challenge their grading. I have had little experience with Littleton. Their prices are very high, sometimes more than double market value.
I don't think I have ever been deliberately ripped off on ebay but sometimes I pay too much because I take a chance on a blurry photo and other times I get a great deal by taking a chance on something. The only thing I did recently I regret was buy two whizzed Peace dollars but at least I now know what 'whizzing' looks like in a photo of a coin ... the dealer was showing the right coins so if I had been more experienced I could avoid them as did all other buyers which is why they were so cheap! Still, I would rather not have the two whizzed coins and the money back even though it was just a little over bullion.
Wow, that's pretty lousy in my opinion. I think he was hoping that people couldn't recognize whizzed coins. If I ever sell a coin that has a problem, I try to bring attention to it, so I don't end up with an unsatisfied customer, which only happens when there is dishonesty, or a communication problem. Thankfully, all my customers but one were satisfied (I lost her coins somewhere, and gave a refund immediately, within 6 hours of the auction end. I still haven't found them come to think of it : ) Time to clean my room.
Well they were clearly whizzed in the photo ... the problem is that I wasn't sure. I really should have only bought one because I only needed one to be sure what a whizzed coin looks like. I took the chance on these coins because a) maybe shiny meant nice and b) they were cheap and c) the only way to know for sure is to hold it in my hand and if I had only bought one it would have been a small price to pay for experience (I have no coin dealers anywhere near me so the internet is it). The stupidity is mine in buying TWO of his coins. As for the dealer the coins were clearly photographed in a large enough size that anyone on Coin Talk would have known they were whizzed and he never claimed a grade for them. Now he might have been a tad more honest about if he had said "over cleaned well whizzed coins" but then I think he wouldn't have sold them at all. I mean there was nothing to stop him setting them out in a coin case in a store and hoping someone would pick them up one day. And someone probably would have... eventually. So I suppose you could say he's less than scrupulous but then he wasn't entirely dishonest. The photos showed whizzed coins and only a novice would have bought them. *grin*
When I first started collecting and knew very very little about coins I had a coin dealer selling me ASE that I had assumed where as good as they could be since he said they were uncirculated and minted for collectors. I finally got a decent magnfying glass and dicovered that he had been giving me Eagles with knicks that would not please any collector. I went back and explained that some of the coins he had sold me where less then the perfection I was looking for and he let me exchange for others. This guy shows me a lot of respect today for my knowledge and selectiveness for good coins. Coin dealers are strange people. No offence indended to anyone, but i have found that most of the dealers I have met at coin shows are about the rudest people i have ever met. I wonder if they would be as rude if I had a wad of hundreds in my hand when visiting their booths.
Research, research, research, is the key to not getting ripped off. As a kid I use to mail order coins (pre internet). I ordered a proof “like” mercury dime, 40’s something quarter and waking half from an ad in coin world. What I got where 3 highly polished VG-8 coins. After I made a few frustrating phones calls my parents put a stop to any more mail order coins
It is a shame but I got to agree that I have met some very rude dealers at recent coin shows. I keep a list of those dealers and I steer clear of them I vist shows. It appears to me these are mostly "investment" dealers not collector dealers. farstaff
I got "STUNG" recently, I bought a proof coin and a bad deep scratch was not mentioned! and a crack on the slabbed holder also!(not mentioned), I needed the coin for a type set I was sending out to the graders, I couldnt wait and broke it out of the holder to send. I could have sent it back no prooblem, but I needed the set graded and the coin was toned like the rest of them. I told the dealer about it, he said send back. I just wanted the coin as discribed by his sight, and got a bum deal!North East Num.never again!, If he cant see a big scratch and a crack in front of the coin on the holder, He shouldnt be sellin.......
Never,ever been ripped off online.Mind you,I have only purchased one coin from ebay and it was an ancient Spanish coin offered by a lady that lived there.It took a LONG time but it finally arrived.No other online dealer has ever stiffed me and have always delivered as promised.We're talking about at least 200 transactions,possibly more from places such as England,Italy,Turkey,Czech Republic and Russia. It kind of bolsters my faith in humanity...to an extent.
How Many Times Have You Been Ripped Off? By Who? This has only an indirect connection with coin collecting, but it answers your questions. Yes, once. Almost exactly 59 years ago by the minister of the church where I was married!:kewl:
I may be in the process of being ripped off by an internet dealer with whom I've done business several times before. The other transactions were satisfactory so I don't know this one will turn out, or if it will be my last with them. For now I'll give the dealer the benefit of the doubt and not mention any names.
