• Report: #965806

Complaint Review: Easton Auction Company

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  • Submitted: Wed, November 07, 2012
  • Updated: Wed, November 07, 2012

  • Reported By: shari6745 — Boulder Colorado United States of America
Easton Auction Company
4404 Hamilton Cleves Road Internet United States of America

Easton Auction Company The Auction Center Counterfeit silver world bullion coin Internet

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Easton Auction Company is knowingly selling fake silver bullion coins. At one of their auctions they had up for bid a 1 troy oz., .999 silver 1986 Chinese Panda Bullion Coin. Auction was ending and I didn't have time to research this coin. I bid and won for $40.00.

Upon receiving the coin in the mail, I knew immediately when I held it, that it was fake. It was too light to be 1 troy ounce of silver. This only weighed .07 of an ounce on a postal scale, it should have been close to 1.1 oz on my scale.

When I googled this coin, 1986 Panda Silver Bullion, I discovered that none were ever minted by China for that year. I did learn that many counterfeits had flooded the US market though.

When I googled Easton Auction Company, I learned that many people had been scammed by this company due to their consistant selling of this counterfeit coin. Proxibid stands behind the auctioneer, not the consumer on this matter. [continued below]....
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When I contacted Easton Auction, they pretty much told me to pound sand, tough luck they said. The sting of this purchase was made worse by their $8.00 handling fee for 1 coin, $6.36 shipping cost, 18% buyers premium of $7.20. All told, $61.55 to purchase a counterfeit coin.

This report was posted on Ripoff Report on 11/07/2012 07:15 AM and is a permanent record located here: http://www.ripoffreport.com/r/Easton-Auction-Company/internet/Easton-Auction-Company-The-Auction-Center-Counterfeit-silver-world-bullion-coin-Internet-965806. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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