Cook Islands Gold Coins, Buyers Beware!!

Discussion in 'Bullion Investing' started by fretboard, Apr 16, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Check these ads out! A person who don't know any better could easily get caught up and get burnt, courtesy of an unsavory seller, or are they? I am thinking some people see .24 pure gold and they're thinking it's 24k and it's not! Here's a couple of links. :D I can't legally see anything wrong with the sellers ad, but maybe there is something wrong, idk!! :phantom:

    https://www.ebay.com/itm/2020-5-Flo...475034?hash=item4458da429a:g:FRIAAOSwbyheXOT3

    https://www.ebay.com/itm/2011-Cook-...780422?hash=item366120e7c6:g:A1sAAOSwS0pek~zP
     
    Silverfinger© and midas1 like this.
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  3. FarmerBill

    FarmerBill Member

    I hate coins like that. They are made with one purpose and that is to deceive people. I wish someone would buy one and have it assayed to see if you're even getting 1/40 of an ounce of gold. Sue the pants off of them if you're not.
     
    midas1 likes this.
  4. Jeffjay

    Jeffjay Well-Known Member

    At some point the buyers of these will go to sell them and realize in some cases years later that they were ripped off.
     
  5. fretboard

    fretboard Defender of Old Coinage!

    Absolutely, that's why it's imperative that buyers know all the little nuances before buying and selling gold coins. Obviously these sellers know that people are getting screwed daily by buying their offerings, unfortunately there's nothing I can find wrong with their ads. Maybe feebay should have sellers include 22k and 24k in the listing title, idk. Truly, I just wanted to alert the community here at CoinTalk, the old adage of buyer beware! :cigar:
     
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