Would you accept this from a dealer?

Discussion in 'Gold' started by atlas, Mar 31, 2014.

  1. atlas

    atlas Member

    Joined:
    Mar 9, 2014
    Messages:
    183
    Likes Received:
    16
    Trophy Points:
    18
    Location:
    Brisbane
    EDIT: Have received plenty of advice on this topic. Learnt something and I'm fine with the purchase now. Thanks to all who commented :)

    I just received a PM gold bar in the mail from a dealer. The tamper-proof lining is peeling pretty badly around the edges and the packaging is very roughed up compared with advertised image.

    I'm in no way questioning the authenticity of the item, but just wondering if others have received them like this and did it affect resale? I'm not very happy receiving it in this condition given that it's from a dealer. Then again, if it's a very common issue it may not be worth worrying about.

    [​IMG]

    Thoughts?
     
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,808
    Likes Received:
    2,600
    Trophy Points:
    113
    Location:
    here there everywhere
  3. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    Are you sure that plastic film is the tamper evident layer ?

    Not saying it isn't as I don't know.
     
  4. atlas

    atlas Member

    Joined:
    Mar 9, 2014
    Messages:
    183
    Likes Received:
    16
    Trophy Points:
    18
    Location:
    Brisbane
    Right, there's no mention of it being a buyback.
     
  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    I've got a few certicards that look similar. It's just been doing the rounds for a while. I'd happily take it off your hands at a considerable discount if you're that concerned about it
     
  6. atlas

    atlas Member

    Joined:
    Mar 9, 2014
    Messages:
    183
    Likes Received:
    16
    Trophy Points:
    18
    Location:
    Brisbane
    Yeah, that plastic film can't really be stuck back down once it's peeled.
     
  7. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    That is pretty standard condition for a new one. The plastic is meant to be removed but I reckon is best left on. You can open a brand new box of 25oz and one in that condition will be the best one in the box straight from the mint. Just the way they come. Affects all sizes.
     
  8. 2ds

    2ds New Member

    Joined:
    Oct 19, 2010
    Messages:
    918
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    It's like the plastic you get I your cell phone screen, it's there to prevent scratching on the production line. Rip it off :p
     
  9. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,386
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    Delamination occurred commonly with the PAMP certicards I've bought, fwiw. Looking at the photo in the OP, it is interesting to see the delamination occurring centrally as well as peripherally. You have to wonder about exposure to heat (gas expansion) and then cold. Sale is entirely dependent on the gold itself. The plastic and cardboard is trivial. My 2c.
     
  10. atlas

    atlas Member

    Joined:
    Mar 9, 2014
    Messages:
    183
    Likes Received:
    16
    Trophy Points:
    18
    Location:
    Brisbane
    Ok, no problem then. Thanks for the advice fellas!
     
  11. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Well if you bought it at close to spot, the condition seems pretty alright.

    But if you paid a premium, then I would expect the condition to be pristine or as new.
     
  12. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    I've bought a little collection of limited edition 1oz pamp certicards from Perth bullion(bullion bourse), goldstackers and apmex via Maggie and that protective film is in pretty much stock standard condition as far as I'm concerned, if you take it off I'm sure the certicard would be pristine but I would probably leave it as is, maybe even chuck it in a ziplock bag
     
  13. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,779
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Sydney
    Similar to ours, from a prominent (bricks and mortar) bullion retailer.
     
  14. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,872
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    The plastic is so thin to clearly show eventual tampering. Even by bees landing on it. Evil bees. :D
     
  15. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    It is possible that they sold you a used bar. Dealers keep re-selling bought-back bars.

    I've seen some Perth Mint bars with damaged protective layer as well.

    What's most important is not to have what's behind the layer damaged. You can peel off the layer and see whether anything behind it is damaged or not.

    Just make sure you store it well-protected after peeling it off.
     
  16. long88

    long88 Member

    Joined:
    Jun 19, 2012
    Messages:
    756
    Likes Received:
    12
    Trophy Points:
    18
    Location:
    Melbourne
  17. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,183
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia
    Can we get this in one of the stickies please. This question seems to come up from time to time.

    As has been said, that is an ADDITIONAL screen just for shipping/storage or whatever. The 'perfect' bars you have got have simply had that screen removed already.

    I, for one, would rather receive the bar with the extra layer, irrelevant of the covers condition.
     
  18. ultimacash

    ultimacash Well-Known Member Silver Stacker

    Joined:
    Oct 23, 2013
    Messages:
    1,450
    Likes Received:
    104
    Trophy Points:
    63
    I think i would be disappointed but i would still accept it and hope for better next time.
     
  19. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,183
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia

    Ultimacash, would you prefer the plastic 'travel protector' removed entirely or on loosely?
     

Share This Page