Rare Coins Collection


Rare Coins Collection Scam: How It Works

Here is a scam that targets collectors of all kinds, especially money collectors. Let's say you are in a mall, parking lot, or in a popular place. Alternatively, you find an ad online.

As you are walking around the premises thinking about your day, you are approached by someone who is trying to sell you a beautifully arranged coin collection for, say, $100. That piques your interest as you might have found a small fortune. However, you're not feeling a good vibe about the seller as he seems agitated. Not to mention that you are not in a place that is a typical antique selling platform.

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rare coins collection


Upon closer inspection, you notice that on the box holding the coins there is a name and a phone number (in very small letters), perhaps from a previous owner. You ask the seller whose name that is and he fumbles saying, unconvincingly: "Oh, he gave them to me".

The seller gives you a few minutes to inspect the coins and he even encourages you to search online for the real value of the coins.

Not wanting to buy stolen goods, you ask the seller to wait a few minutes. Thinking you're doing a smart thing, you call the number on the box and ask about the coins. But, surprise! The guy on the other end of the line is really appreciative; he tells you the coins were stolen from him and he will pay you a reward of $200 if you can return them.

This is when the scam happens. The owner and the seller are partners. You will pay the crook you just met $100 thinking that you'll get the money back – and then some – from the real owner. Except that the phone number is temporary and the coins are just useless fakes.

In the online alternative of the scam (ads on Craigslist, eBay, Oodle, Kijiji, etc), you see the name and phone number as well in the pictures featuring the collection.


Rare Coins Collection Scam: How It Works

Never buy anything from people who approach you on the street or parking lots.

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selma hrynchuk
Selma HrynchukSelma is a fraud prevention specialist renowned for her expertise in private eye investigations and a remarkable partnership with law enforcement agencies. Beyond her investigative triumphs, her public speaking engagements and written works have empowered countless individuals to protect themselves and stay ahead of deceptive schemes. Selma's legacy shines as a tenacious agent of change, unyielding in her commitment to battling fraud and ensuring a safer world for all.

2 thoughts on “Rare Coins Collection”

  1. I was scammed out of $10k to this scam last year. This year I am able to recover 90% of my lost funds by [email protected]. He is a blessing, I recommend his contact to anyone seeking to recover their binary option lost funds. I hope this was helpful, let’s fight these ###s back since the govt won’t help, don’t waste your time hiring a lawyer.

  2. Also, if the coins really WERE stolen, your best course of action would be to call the police. After all, the "seller" has given you time alone to call the supposed "victim," so you have plenty of time to phone the police as well. If this was a legit scenario, you would still be getting the stolen goods back for the victim, through the police, without having to pay the seller anything at all.

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