crooked coin show

Discussion in 'Coin Chat' started by rwb5704, Mar 13, 2008.

  1. rwb5704

    rwb5704 New Member

    I bought some $5 gold eagles from Jimmy Gerstel on the celebrity shopping network and I decided to send them back well within the 30 day limit. I called them up to get an rma number and they told me they were not going to take them back. I have the credit card company fighting them. but they have already been paid by visa
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  3. walterallen

    walterallen Coin Collector

    I find it unbelieveable that a fine establishment such as the CSN would refuse to refund your money on a purchase of such an item that has to be of the finest quality to be sold by such an upstanding individual as Jimmy Gerstel.

    If I were you I would consider buying these type items for people who make a living selling them and have something to loose like their reputation if you're not satisfied. It seems that coins have become the scammers delight of the decade. If you want to be cheated and disappointed, buy high dollar anything on TV. TV sales are for mops and brooms not treasures.

    Sorry you had to learn the hard way. Good luck to you in the future and don't make the same mistake twice.

  4. Peter T Davis

    Peter T Davis Hammer at the Ready Moderator

    Just keep pushing with your credit card company to do a charge back. And, do return the coins.
  5. Mark Feld

    Mark Feld Rare coin dealer

    I would be very surprised if 1) the coins were at a fair price in the first place (they hardly ever are when offered via TV, magazine, radio, newspaper, etc.) and 2) if your credit card company doesn't reverse the charge for you.
  6. Hobo

    Hobo Squirrel Hater

    If the OP received the coins in the condition as described on the TV show and at the price quoted on the TV show what has the seller done wrong? Why should the credit card company have to reverse the charges for a transaction that went exactly as intended? Does buyer's remorse qualify as a legitimate reason for a credit card company to step in and reverse the charges?

    If the seller has a reasonable return policy and the buyer follows that policy then he (the seller) should honor it.

    It is best to investigate a seller and the going price for a coin before impulsively buying and trying to undo the deal later.
  7. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I think you are almost certain to get your money back through the credit card. They are usually very aggressive about protecting their card members.
  8. Mark Feld

    Mark Feld Rare coin dealer

    The original poster indicated that there was a 30 day return period ("I decided to send them back well within the 30 day limit".) If such is the case, what the seller has done wrong is refuse to honor their stated policy. And thus the buyer should be able to return the coins and have the charge reversed. Also, we don't have enough information with which to fairly accuse the buyer of "impulsively buying".
  9. hontonai

    hontonai Registered Contrarian

    Sorry, I disagree. IMHO buying from a TV pitchman is the quintessential example of "impulse buying".
  10. Mark Feld

    Mark Feld Rare coin dealer

    That's usually true. However, we don't know things such as whether price comparisons were made, if the buyer had been considering the purchase for seconds, minutes or days, etc. I prefer to give the benefit of the doubt unless given good reason not to. And that label, along with comments/questions like "what has the seller done wrong" seemed unfair to the buyer based on the very limited information we have available.
  11. clembo

    clembo A closed mind is no mind


    First of all welcome to the forum.

    Now as others have stated you most likely got ripped off. Sincerely hope you get your money back and learn a valueable lesson at the same time.

    Real coins are sold by real dealers. Real dealers are all over the country. Thousands of them. Many sell on line as well but one thing you WON'T see is a real dealer pitchhing coins on TV. The overhead is enormous.

    If you want to collect coins turn off the stinkin TV, hang out here and ask questions as we are always willing to help.

    The responses you've encountered may seem harsh but they are the truth.

    Once again,

    Welcome aboard and hang around.

  12. rwb5704

    rwb5704 New Member

    The picture of the eagles on tv looked bigger. When I received the coins I was dismayed at the size. I was not told what the size or weight was. I am very new to coin collecting, doing it to keep busy (disabled). I also trust too much
  13. clembo

    clembo A closed mind is no mind


    I'm certainly not going to say stop trusting. There are many trustworthy people out there.

    Now the fact that you are on the internet and CoinTalk your disability could be a positive. Keeping "busy" should allow you to do a lot of research.
    Just don't jump into something as it were. As I stated earlier there are a LOT of people here willing to help and offer opinions.
  14. snaz

    snaz Registry fever

    welcome to CT! :thumb:
  15. spock1k

    spock1k King of Hearts

    welcome to the forum and i hope it works out well for you
  16. Daggarjon

    Daggarjon Supporter**

    welcome to cointalk! sorry to hear on of your first ventures into collecting is leaving abad taste in your moth. Letme just say, not every buying experience will be like that! and second, stay off Ebay until you feel more comfortable!
  17. Phoenix21

    Phoenix21 *The King Of Jokes*

    Welcome to cointalk! Hopefully you will get your money back, and you've learned a valuable lesson with this. Learn all you can about coins, and try to be careful about buying on impulse (I'm not saying you did here, but beware of it, lol). Best of luck to you, and I hope you stick around!

    Phoenix :cool:
  18. General_Godlike

    General_Godlike Dept. of Transportation

    Welcome sorry about your misfortune
  19. namvet3

    namvet3 Junior Member

    "The picture of the eagles on TV looked bigger. When I received the coins I was dismayed at the size. I was not told what the size or weight was. I am very new to coin collecting, doing it to keep busy (disabled). I also trust too much."

    In the future, remember this. Modern American Eagles come in four sizes and denominations. The $50 Eagle is 1 oz of gold. The $25 1/2 Eagle is 1/2 oz of gold. The $10 1/4 Eagle is 1/4 oz of gold. The $5 1/10 Eagle is 1/10 oz of gold.
    Yes, your $5 Eagles were very small and seemed insignificant but 10 of the are exactly equal to the 1 oz $50 Eagle.
    This will give you an idea what the different size coins look like in relation to each other.
    The very small one was your coin and you can now see the relation to the others. If you get a chance to visit a coin shop or a museum go look at the various coins before you make your next purchase. Good fortune in your new hobby.
  20. AdamL

    AdamL Likes Silver

    Welcome to cointalk! As has been stated, don't buy from the TV coin people. They charge you way too much. I don't see how these scammers could possibly not refund you money if you returned them within the 30 days allowed. I would be very surprised if the credit card company does not get it taken care of.
  21. quartertapper

    quartertapper Numismatist

    Welcome to cointalk. I hope your credit card company does their part for you. Read up on dealers on this website, I've found a lot of good info from other's experiences. As with most businesses, there is usually an organization that reputable members and dealers join and display its logo. The American Numismatic Association (ANA) is one such organization I usually look for.
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