GoldBits - Newbie scammer

[elianite]

the coin is now in my city. I should have it in a few hours.

I see many people speculating that I am / am associated with GB. Due to this, I will not be making an 'endorsement' of the seller even if the coin comes out as legit. Everyone should do their own due diligence; I can admit that mine was not very extensive. I of course hope that whatever GB continues to sell (if he does) is fully legit, as to avoid accusations against myself.

[1714710118]

1714710118

[1714710118]

1714710118

[elianite]

About to open box now..

[markj113]

drum roll 

[wayneyoyo]

About to open box now..

Care to post any pictures of an empty box?

[elianite]

[markj113]

Any coin dimensions.

[elianite]

Any coin dimensions or better close up pics of the coin

Just updated post

[elianite]

Any coin dimensions or better close up pics of the coin

as far as i can tell, 33mm by 3mm

[markj113]

the coin looks right, showing slightly under weight as it should be 31.1g but could be scales accuracy but tungsten core coins are very close in dimensions & weight.

Changing my feedback to neutral, OP has delivered the coin as promised, authenticity still to be proven.

Not giving positive or completely removing feedback as lack of Escrow is a worry and could be a long con.

Will be interesting what price the maple grams sell at as Goldbits stated he did not have them in hand so selling at below retail price would be a concern.

Any chance of some clear face on pics of the coin and not angled shots.

[elianite]

the coin looks right, showing slightly under weight as it should be 31.1g but could be scales accuracy.

Changing my feedback to neutral, OP has delivered the coin as promised, authenticity still to be proven.

Not giving positive or completely removing feedback as lack of Escrow is a worry and could be a long con.

Will be interesting what price the maple grams sell at as Goldbits stated he did not have them in hand so selling at below retail price would be a concern.

Any chance of some clear face on pics of the coin and not angled shots.

Scale is showing 31.0, 31.1, and 31.2 seemingly indiscriminately. When set to OZT, it shows 1.00 or 1.01
as far as I can tell, its legit. It looks like I wont have time to have this tested today, but certainly tomorrow.

[elianite]

[markj113]

the relief, detail and colour look correct too me.

If you do sell it be interesting if the xrf test comes back good.

So either a genuine seller that lost the plot on pricing or part of a drawn out long con after some initial trust is built.

Time will tell

p.s. get that coin back in the capsule asap, .9999 gold is soft and scratches and dings easily.

[elianite]

If you do sell it be interesting if the xrf test comes back good.

Do you know what kinds of places do XRF tests? how exactly does it work; would it usually cost me to go get it xrf'ed?

I was thinking id just bring it to a local coin shop and see if they'll confirm it as real & buy it.

and yes, its back in the capsule.

[markj113]

Any bullion dealer or slightly larger pawn shop should be able to xrf/ultrasonic test it, usually for free too if you tell them you are thinking of selling it

XRF/ultrasonic is a non destructive test, plenty of vids online.

With tungsten coins the usual scratch and acid test wont really work as they are heavy gold plated (+ the scratch and acid will spoil the coin)

Couple of tests you can do at home -

Check dimensions with digital calipers if available
Accurate weight check
Specific gravity test
Magnetic test
Detail check of coins fonts sizing and spacing, fine coin details against high res online picture.

A good tungsten copy would pass all the above tests though.  

[the joint]

the coin looks right, showing slightly under weight as it should be 31.1g but could be scales accuracy but tungsten core coins are very close in dimensions & weight.

Changing my feedback to neutral, OP has delivered the coin as promised, authenticity still to be proven.

Not giving positive or completely removing feedback as lack of Escrow is a worry and could be a long con.

Will be interesting what price the maple grams sell at as Goldbits stated he did not have them in hand so selling at below retail price would be a concern.

Any chance of some clear face on pics of the coin and not angled shots.

Interesting.  I, too, will alter my feedback if this pans out well.

[the joint]

An odd post that was just deleted from his thread.  Sketchy behavior even if the transaction is successful. Noted.

[hedgy73]

Well the coin certainly looks the part.

I really don't know why GoldBits started a self moderated thread with a new account and deleted so many posts mostly of which I could see no harm in to sell a coin well under market value.

This all seems very strange to me .

[gentlemand]

Well the coin certainly looks the part.

I really don't know why GoldBits started a self moderated thread with a new account and deleted so many posts mostly of which I could see no harm in to sell a coin well under market value.

This all seems very strange to me .

It adds up to nothing but future sketchiness to me, but maybe the seller had a stroke and was a horrible person before and now wants to make amends by selling under market by self moderating and refusing to escrow.

[bithalo]

Elianite has been on the Goods sub-forum for a while now, and I have PM'd with him several times before.  I don't think he is affiliated with GoldBits.  

Personally I would not risk buying the coin, as there are too many red flags.  But perhaps he felt the risk was worth it to him.

Lets give this a chance, and see how it pans out.  I hope it works out for elianite.  But even if it does, I still wouldn't buy from GoldBits.

On Youtube, I've also seen tests besides drilling, including ultrasound, and simply letting the coin fall and listening for its metallic sound.

[TookDk]

Congrats on that beautiful coin elianite
I have my self been looking to pick up a buffalo, but got panda's instead.

With the price you paid, you should have margin to carry out some of the testing that Mark suggested.
A experience bullion dealer could properly by experience determine the authenticity with a magnifier.
My suggestion is not to confirm if the seller is legit or not, but simple so you will sleep better at night

Cheers

Edit: You got balls