The Rare Coin Company debacle

[Basil]

Interesting read there, cheers Basil. I remember awhile back in a former forum when the chatroom was booming, a Sydney Dentist, by the name of George, he called himself , used to pop his head in every now and then for a chat. At one time, I think he was trying to get info on how to remove something off coins, may have been tape or similar. Article just sparked the memory abit. just a coincidence  I suppose

Interesting,Police aren't as slack as some people think,a lot goes on behind the scenes with Fraud cases.When i was on the Central Coast i used to play regular Golf with a serving Policeman and he seemed to think the mastermind behind the Stamp Frauds was a Sydney Dental Technician and he had no doubt he had tried his skills with Coins as well.May be a Urban Myth thou.so time will tell,eventually the truth usually gets out on these matters.

[gnome]

There was also another one where some of the filled 8's in the 1948 3d's were being filled deliberately. Rumour was it was being done by a dentist in Sydney as well. Who know's.

[p.gee]

I have a basic knowledge of the Rare Coin Company debacle but as I was not into collecting coins back then, I have know idea of the prices before or during the peek, apart from some of the more expensive ones . It would be interesting if someone who collected through that era could pick a couple of pre decimal coins that are maybe worth say $200 - $300 now and estimate what they were worth before and during that era. I am just curious to see what the market might head back to or if we are already there.

I was around then but the limit i would spend on a Coin would be less than $100, unless it was Gold,so not much help.RCC,if i understand it properly,were targeting  people with Thousands(Cash or Coins/Notes) to spend otherwise it wasn't worth their time.As others have stated it turned into a Ponzi Scheme rather quickly.

Wasn't 'P.Gee' one of David Gee's alias early on?

http://www.smh.com.au/good-weekend/a-sticky-business-20141009-113l4m.html

My inheritance from Uncle Dave hasn't turned up yet but I look forward to it.:yahoo:

[robbiegal]

are you serious??
are you a relative??

i always wanted to meet him but my coin dealer absolutely forbid it so it never happened

he knew my coin dealer or rather my coin dealer knew him

[trout]

I think Old Mate is just stirring the Pot RG :laugh2:

[robbiegal]

Awwww
So close and yet so far away

I find the story fascinating and really did want to interview that man but my coin dealer was adamant that I'd be meeting with the devil himself so I did get scared off!!

For those who knew him some of the journalistic mystic is uncovered to show the true criminal side.  I.e.forgery and other blackmarket activities that a coin collecting mum in the burbs needs to steer clear of!!
Plus even the mint display his dies and forgeries so even  the mint keeps the mystic going as well

[Basil]

There was also another one where some of the filled 8's in the 1948 3d's were being filled deliberately. Rumour was it was being done by a dentist in Sydney as well. Who know's.

Close,i think he was adding trails to 1934 3d with some sort of silver mixture,probably still going on 20+ years later.

[trout]

Unfortunately there are a Lot of "Shady" character's involved in the coin market and since the growth of the internet their numbers have exploded massively :dash1:

[frenc11]

Apparently you can go bankrupt a few times and rip off your creditors and Still become the President of the US :angel:

Don't give Rob Jackman any ideas. Our Prime Ministers are disappointing enough already.

Does anyone know where Rob Jackman and co. are now and what they're up to?

Mr Jackman is a security guard.

not for too much longer

Oh? What have you heard?

he will be spending his retirement incarcerated , after the upcoming court case

[ausjack]

Unfortunately there are a Lot of "Shady" character's involved in the coin market and since the growth of the internet their numbers have exploded massively :dash1:

I had a go at some of them on FB and I had a good laugh to my self when they tried to guarantee me that they were on top of the "baddies" so I had a good laugh as it's some of the admin that are the baddies so yet again I upset the apple cart :angel: But when they pretty much condone selling fakes and shill bidding what is one to think as they say they git rid of the baddies but they're still there and still trying to get away with what ever they can and if I have a go they delete my comments  :dodgy:

[trout]

I think you will find that the dodgy mob on FB would Not be tolerated on forums such as this or CCF and that is why they only exist on their OWN FB pages.
It IS unfortunate that some people actually believe the BS they put on their FB pages though :dodgy:

[Fulvio]

I had a go at some of them on FB

You wouldn't be referring to our recent acrimonious verbal fisticuffs, would ye, laddie?

Sanctimonious so-and-sos.. shouldn't be allowed to run a chook raffle, let alone a FB group. :angel:

[stevo1962]

Unfortunately there are a Lot of "Shady" character's involved in the coin market and since the growth of the internet their numbers have exploded massively :dash1:

I had a go at some of them on FB and I had a good laugh to my self when they tried to guarantee me that they were on top of the "baddies" so I had a good laugh as it's some of the admin that are the baddies so yet again I upset the apple cart :angel: But when they pretty much condone selling fakes and shill bidding what is one to think as they say they git rid of the baddies but they're still there and still trying to get away with what ever they can and if I have a go they delete my comments  :dodgy:

It's dog eat dog out there in Facebook land  AJ

[runway]

Unfortunately there are a Lot of "Shady" character's involved in the coin market and since the growth of the internet their numbers have exploded massively :dash1:

I had a go at some of them on FB and I had a good laugh to my self when they tried to guarantee me that they were on top of the "baddies" so I had a good laugh as it's some of the admin that are the baddies so yet again I upset the apple cart :angel: But when they pretty much condone selling fakes and shill bidding what is one to think as they say they git rid of the baddies but they're still there and still trying to get away with what ever they can and if I have a go they delete my comments  :dodgy:

AJ these crooks are chronic on FB ... just another part of the corrupt network just look at the double headed 2007 5c for example :dodgy:

[trout]

I Hate to say it but it does appear that some of the "Less Savoury" Sellers/Dealers DO seem to be Networking with the aid of Facebook and other avenues over the last year or so.
This can only cause an increase in the number of disappointed and disillusioned collectors that in turn will effect the now somewhat struggling coin market as a whole.