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MoralHazard

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    Finland
  1. **January 2018** Group order from European Mint!

    From their website:https://www.europeanmint.com/terms/#shipping ”Please note, that all products are delivered in Estonia. European Mint responsability ends when products are picked up by costumer, Capital Logistics or any other courrier.” So if the courier loses the package you are on your own. Shipping couriers such as UPS or DHL do not pay a dime as precious metals are on their list of prohibited items. I know this very well also in practise. If you order from Germany they bear the shipping risk as they are obliged for it by the law. They are dealing with third party insurance companies that will cover if something goes wrong. Sorry to say but I would steer clear from ordering From Estonia if I would not personally go there to pick the coins up. At least you should know that the customer bears all the risks related to shipping. On a second note they are not even cheaper than buying from Germany. Only exceptions are Pandas. Like all Perth Mint products are lot more expensive there. Please compare prices to Silber Corner or Auragentum. Both offer flat shipping of 29€ for value up to 10k€. And low premium coins few cent difference without any bulk pricing breaks.
  2. Royal Mint return policy?

    Why you think so? Do you remember that coin 😁 Are they that dirty that they dump defected quality ouside until they do not hear complaints.
  3. Selling bullion gold with some imperfections back to dealer

    No problem. Your answer of ”good luck” sounds as if there is a problem dealing with german dealers. Did you mean this? They steal my coins and never pay me back 😳 ? I have had zero problems on the buy side and the dealer is one of the biggest ones in Germany.
  4. Selling bullion gold with some imperfections back to dealer

    I am not from UK myself so selling to Germany is the best alternative for me. They pay in the currency I want to receive the payment.
  5. Selling bullion gold with some imperfections back to dealer

    The dealer pays above spot for the lion coin. Their price for other queens beast coins is worse than they pay for lion. They do not state anything about the condition. It is a bullion coin on their website. Would be strange in my opinion if they are picky when buying coins but then when selling argue imperfections as normal for bullion coin.
  6. Hi I was planning to sell back few RM queens beast bullion gold coins back to a German dealer. I picked a dealer that had the best buy back price for the coin that I own (lion). The price was attractive probably because they do not have this coin in stock anymore. I have not before sold any coins back to a dealer. The coins have been in my safe deposit box for as long as I have owned them and encapsulated in RM coin capsules. Some of the coins I noticed have some imperfections on the queens face. One of the coins have very noticeable scratches on the queens cheek looks as it has scrubbed hard against another coin during the minting process. Can a dealer refuse to buy the coin(s) that have imperfections even though it is in the as "new" condition from the mint when we have agreed on the price. At least these same dealers refuse to take back these similar coins if they sell them to to a customer by just saying that they sell them in the condition received from the mint. Nowhere in their terms and condition is it explicitly said that they can back away from the agreed buy price if the coin does not meet their criteria. We already have a binding contract on the price after I have submitted a sell through their website. So is it legal for them being picky when buying back? Or do they even care? I do not want to end up in a situation where the coin is already in their possession and they say "sorry this coin does not meet our quality standard we will instead pay you X for this - sorry". What do you think?
  7. 2005 kilo Panda - was this a bad deal?

    It is a spectrometer gun that basically can show composition of any alloy. It is rather expensive device but crucial for my work. I need this device as i buy scrap precious metals (especially gold) as my ”side project” to refine them later in the refinery. https://us-tech.co.za/xl2-100-portable-precious-metal-analyzer/
  8. 2005 kilo Panda - was this a bad deal?

    I do have the wooden box for it as well as the CoA. The box has some small dents but otherwise in ok condition
  9. 2005 kilo Panda - was this a bad deal?

    Ok that is good to hear. I have seen these go for over 1500€ in ungraded condition in eBay but the coins have been perfect units. The coin is definitely silver. I have electronic tester device which says the composition is pure silver.
  10. 2005 kilo Panda - was this a bad deal?

    Hi First time for me writing here but have been reading the forums for quite some time. I managed to find a good deal (at least in my opinion) to buy 2005 kilo panda from a person that inherited his fathers coin collections. The guy did not really have any interested in coins and just wanted to get rid of them to convert to fiat. He had a kilo 2005 panda that I said I am interested to buy it. I did not see pictures of the coin beforehand but the seller said the coin is in good condition. When we agreed to meet and exchange fiat to the silver I noticed that the coin had scratches on the mirror surface. Presumably the coin had been wiped with some cloth as there are hairlines that can be seen when the coin is tilted in certain angles. On the other angles it looks perfect. We originally agreed on the price to be 560€, but I said that sorry I can't pay you that amount as there were micro scratches on the proof surfaces. I noticed that he just wanted to get rid of it and I said I OK will offer him 500€ for it. I said that are you sure as I did not want to screw him but he had to understand that for a damaged coin I have to reprice it. He still agreed. But I am still thinking that did I pay too much? Should I have paid only the melt or maybe even less than that like 20% below melt. I attached some pictures of the coin. I think I want to get rid of the coin ultimately as I only want coins in perfect condition. Do you think the value is over 500€?