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ShaolinStacker

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Posts posted by ShaolinStacker

  1. On 25/12/2021 at 14:25, BackyardBullion said:

    Well, the person that submitted them will know. They would have surely had an invoice indicating which coins were conserved. The excuse of not knowing is not good enough really.

    Just on principal I would be contacting the person that submitted and press them for an answer. 

    I also wouldn't take no for an answer. 

     

     

    On 25/12/2021 at 14:15, magpie79 said:

    Am still unsure 

    from the little I know ngc don’t have the resources to tell you if they have been conserved 

    I would really appreciate any advice ? 

    not so much for the money but to know whether to send back for regrading or not 

     

    They still charge for conservation fee for analysis even if your coin isn't conserved... As far as I know

  2. Hey there, I see you've already come to a decision. As the resident Panda medal expert I thought I'd throw in my two cents. Most of the moon festival medals are ordered via modern coin mart/gov mint via Chinese mint. Mostly for sale in the US market. They send all of the medals for grading and only sell ones that grade poorly individually. The panda medal market in general has seen a fairly steep decline in interest over the past few years. Peaking in about 2017. While they may see there day again. For now I would only purchase for the love of the medal itself. Not for any sort of massive appreciation over the next decade. The more desirable panda medals are made for the Chinese markets in much smaller quantities than these ordered by MCM. I think the moon festival medals of previous years were much nicer as they had Jade, Pearl inlay in the moon making it very unique.  Even then I think there are much better things to go after with $150k Like the next Gothic Crown Portrait Kilo gold release. This coin should see massive appreciation over the next decade. 

  3. Just received 10- 1/10th oz gold eagles at spot price which I ordered from Nationwide coin and Bullion reserve. Wanted to wait to receive before recommending. They came in yesterday and were perfect. Highly recommend. Their site says 10-15 day shipping but mine came within 5 days of ordering. They have a limit of 10 coins and for first time buyers only. Check it out

     

    https://nationwidecoins.com/product/government-issued-90-gold-american-eagles-at-cost/ 

  4. Just now, Melon said:

    Why is that an issue if it's declared and he has receipts? I don't see the concern given he's done nothing wrong personally. 

    There is a risk of people overthinking this a little bit. People walk around wearing watches worth more than this lol (not me!). 

    Ran out of reactions but thanks on the previous post. If my wife wasn't preg and I didn't have an 11 month old 99% I would have told him to pound sand. Live and learn. I was super worried coming back in with the bullion myself but they literally could care less. I was in shock at how cool they were. The world fair of money was in Germany that weekend so I had a whole story if they hassle me but they literally said nothing just thank you sir.

  5. 3 minutes ago, Frenchie said:

    I am sure that everything were fine going to Europe, with "only"  2oz of gold with you. (I would be curious to know if customs would accept a declared face value for a legal tender coin 😏)

    But the question, is coming back to US with 21k€ and 1oz gold, roughly 24500$ in cash with you  

    Ahhh you missed my earlier post. I traded my cash for 4x100g gold bars and 7 soverigns at ProArum in Munich. Came back in with I believe just under 16 ozs. I declared every bit of gold coming back into the USA and had no cash on me. Very important rule dont declare face value on gold coins. Easiest way to get confiscated. Yes yes I know its gov issued currency. Try explaining that to a pleb. 

  6. 15 minutes ago, Frenchie said:

    Good evening everybody,

    I am glad that everything ended up nicely for you @ShaolinStacker
    Following other's reaction,  I also think that this buyer's behaviour was not honest at all as a deal is a deal.  You positionned yourself in a low way and he perfectly knew that. You wanted your money, being ready to pay for a 14hours  flight trip, hotel and so on, and he just took the opportunity  to manage the deal the way he wanted and  trapped you once you accepted his rules.  Why did you end up accepting to come with naked hands and did not required a deposit for your expenses  for say 15% of the coin value in order to secure the deal ? You said that he would not  have accepted it but hey, at these prices levels,  you have the right to be cautious and there is way more than one buyer worlwide for your valuable and rare coin to be confident enough  in order to edict your rules and take time to sell to someone else. You probably thought that this coin was a hot potatoe and accepting  to come to him like that, you were more driven by irrationnality and emotion,  you had something to lose, he did not had anything to lose...this buyer felt these weaknesses and he led you by the nose dictating his conditions ( please consider this with all my due respect)

    More over, your own safety was involved and you never know who you have in front of you. Granted the transaction came nicely, but you could have had some problems later if this buyer was a criminal...

    May I ask you how did you declare your coin for that trip, and for what value ? and more important, I imagine that you did not declare the money you had with you when coming back to the US, with the risk of being seized by customs as you were way beyond the 10000$ limit , not to mention the likely consequences with the IRS, in a context where suspicious capital transfers are closely monitored  https://www.hg.org/legal-articles/can-customs-seize-my-money-when-i-enter-the-country-and-is-there-a-limit-43609

    Why in the end didn't  you ended up requiring a bank transfer instead of Paypal for this transaction and take a first class shipping carrier ??

     There are always risks of course, but not at the level of those you did take IMHO

    Totally agree with everything you're saying. I shouldn't have been so trusting. In the end it all worked out and I ended up with the a similar amount I would have with paypal minus my travel fees (but I did have a really nice 5 day trip to Bavaria). I had spoken with him alot before leaving and he seemed very honest. I had his name address ect. I came prepared to deal with a criminal by not giving flight or hotel information. Only meeting at location of Major bank near police station. Arrived early and informed Management of the transaction. Left securely with escort to my vehicle through the banks elevator. (Tried to dot my lower case j in that sense)

    As for customs $10,000 is not the limit. It is the limit if you do not wish to declare. Gold bullion has 0 VAT import fee or any taxes into the USA. Neither does Germany. Google it. Always best bet to declare rather than risk seizure. Customs was super cool literally no problems at all. They were indifferent and asked no questions. Right away I was like I have a decent amount of gold. Response was "and......."  Most of the currency exchange places in Airports will convert to gold bullion. I had my receipts for the gold from the shop in case. They never asked to see them Really good experience. $25 grand is really not much in the world these days. I did my research and declared everything both ways

     

  7. 17 minutes ago, Cornishfarmer said:

    @ShaolinStacker you did well to buy that amount of gold in cash.    A few weeks ago they were saying that in Germany they were only letting people spend 2000€ in each transaction 

    Youre correct.That's if you dont want to show ID. I had no problem showing mine. Went through a big dealer ProArum. They didn't take my social security number just drivers license. One super interesting thing is almost every major bank in Germany stocks a full range of bullion and bars. From Eagles to sovereigns they have it all. @Cornishfarmer

  8. 4 minutes ago, Xander said:

    Do you know ebay offer protection with gold?

    Ebay Offers 30 day protection for buyers and sellers if they open a claim with Ebay. The problem is that if either opens a claim with Paypal (such as a credit card charge back) They say it is out of there hands, and there is nothing they can do. I spoke with 6 people at Ebay all the way up to Management level. They basically said if the buyer opens a charge back with paypal you're screwed. Now the interesting thing is Paypal offers no buyer or seller protection for gold. So the big thing to watch out for is credit card charge backs. Buyer has up typically up to 120-160 days to file a charge back with their credit card company.

  9. 10 minutes ago, Paul said:

     

    Safety is a massive concern when dealing with such an amount of cash, just this past week i read this on Daily Mail for big deal done in cash 

    https://www.dailymail.co.uk/news/article-7930931/Balaclava-clad-thugs-beat-rob-couple-travelled-190-miles-buy-Mercedes-Ebay.html

    Safety is key 

    For transactions like this. Meeting in a major Bank or Police Station lobby is a must. Robberies like the article you shared are a major issue here in the USA. Banks and Police Stations are considered "Safe Exchange points" here in the USA. Will always be sticking to them for any major transaction. If they won't meet there major red flags.

  10. 13 minutes ago, Tn21 said:

    Oh slight damage limitation there, maybe my words are a bit harsh initially.

    He should have been crystal clear before you made the flight saying I got X and Y will this do as a deal.

    Waiting till you land in Munich and then giving you the news = punk. 

     

    Agree with Paul (safety) and that your safety and well-being is the most important aspect of this transaction. It's a good result.

     

    Nah You were spot on. Speaking of safety he asked to meet me at my hotel. Instead of the agreed upon Major Bank Branch Lobby. I refused and changed my Whatsapp photo from a happy family picture. To one that shows that I'm a 6'1 250 pound (17.8 stone) Black Belt World Championship Level Judoka for team USA. Everything was smooth after that :) :) :) . 

  11. 1 minute ago, Tn21 said:

    Although you sold in the end, a deal was a deal and they buyer is 5k short. 

    Not impressed at all with the buyer especially after assuring you no problems will arise. Whether he was genuine about this 'partner' (personally I think BS) only he will know. 

    Still made good money but business is business and 5k is a lot of money. Glad you got the sale and shared this story. The lesson I have taken from here when selling anything would be to get a deposit in order to use as collateral. 

    Nice guy and all - gets you no where.

    It's cut throat out there and it's every man for themselves. 

    Congrats on the sale and also I like the fact the sale was international and a trip was made out of it. 

     

     

     

    He did also end up throwing in a 2018 1oz gold proof Netherlands Lion Dollar (with a mintage of 200). Pretty rare coin with recent sales around the $2000 range not graded. So ended up about $3k short ( Still a nice chunk of change) but as you said lesson learned. Hopefully after grading the Lion will be worth 3-4k$ Range and even out a little bit more.

  12. 16 minutes ago, Paul said:

    Hhhmmmmm........ thats a bit cheeky in my opinion, especially only finding out once you landed/paid for flights etc. 

    Not the end of the the world i suppose, though since an agreeable deal was made but you arm is kind of forced by then to accept or you are out of pocket a few $1000 for flights/hotel etc no sale and still have coin

    Word is your bond kind of a thing when you agree to a deal, well at least that is how I am .

    Still a good postive sale, and good news a sale was made and money exchanged. A nice profit and some extra gold for your stack @ShaolinStacker

    Nice as well, the forum has been useful in facilitating or maybe even influencing a deal, and international cross border deal at that !  

    Yeah it really pissed me off because I demanded $1000 up front to cover plane tickets in case he tried some thing like this. He swore and swore that there wouldn't be any issue. I land after a 14 hour flight to him saying "his partner backed out" even though  there was no mention of any partner up to this point.

    But as you said not the end of the world, and still over all positive. He was a nice guy and all. So not going to out him by name or anything. Munich was a pretty awesome place to visit for the first time. I took a few days to explore. So got a nice mini vacation out of it.

    Screenshot_20200204-103313_WhatsApp.jpg

    Screenshot_20200204-103330_WhatsApp.jpg

    Screenshot_20200204-103440_WhatsApp.jpg

  13. Special thanks to @Paul @sovereignsteve @Oldun and all others for the advice. I've been selling on Ebay since 2004 and never new about the Paypal rules regarding buyer and seller protection on gold.

    One lesson I think really needs to highlighted to all members here on the forum is that PAYPAL OFFERS NO PROTECTION TO BUYERS OR SELLERS FOR ANYTHING MADE OUT OF GOLD. Buyers obviously still have the ability to perform a charge back on their credit card, but I will be extremely careful in the future about selling anything Gold on Ebay. Something to think about.

  14. 6 hours ago, Paul said:

    @ShaolinStacker did the gold Una & Lion sale go through and the buyer pay for you OK for it ??

    @Paul @sovereignsteve

    Yes, sale went through. I ended up canceling the Ebay auction and flying to Munich Germany to deliver the coin for cash. After thoroughly reading the ebay and paypal policies. Neither of us felt safe going through either of them. Turns out the buyer is a member here on the forum, and was reading this thread as we were discussing it. Transaction went well... Other than upon landing in Munich. The buyer messaged me saying that "his partner backed out of the deal and he could only pay me $24,000 and a 2018 Netherlands Gold Lion dollar($2000 in my Estimate) $26,000 total(19,950 Pounds)" instead of the agreed $29000(22,255 Pounds). I was really upset, and felt taken advantage of a bit. As he promised me multiple times he already had the money. After travelling half way across the world I decided to give him the coin at the price. After Flight, Hotel, food, and 3 days missed work I ended up taking home about $23,000. Before leaving Germany I converted the $$ to 4x 100G gold bars and 7 Victoria Jubilee sovereigns. Came home and sold 1- 100 gram bar to pay the CC from purchasing the coin. All, and all worked out pretty well other than the last minute stiff on a few thousand. I figure that with the $750 I would have paid Ebay and the 4% I would have paid Paypal kinda broke even.(I'm guessing thats what the buyer was counting on as well)

  15. 27 minutes ago, Oldun said:

    With this amount of moolah in play, I would call up paypal again and exactly ask that question in specific reference to your item. I would not leave it to your own interpretation of what you read.

    Absolutely agreed! Been on the phone with them 5 times today lol. Just thought the verbiage was interesting.

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