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 Post subject: police auction seems to good to be true
PostPosted: Fri Oct 27, 2017 8:02 pm 
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Joined: Tue Jul 02, 2013 9:00 am
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Location: Wylie Texas but in Alaska for a while
I got a flyer for a "Police unclaimed and seized assets" but it also says not affiliated with any Gov office.

It is also in a hotel.......

so I suspect a scam.

It has listed
-"GIA Colombian Emerald ring"
- GIA 10 ct Yellow Diamond Ring"
- GIA Diamond and Ruby Ring

They have a short preview period.


so the question:



1) Is there a way to verify the GIA certifications before I bid anything?


They also have a 1000 bill, which makes it even more suspicious. I figured if it were a police auction the 1000 bill would be turned into the treasury since they are pulling them from circulation.


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 Post subject: Re: police auction seems to good to be true
PostPosted: Fri Oct 27, 2017 8:06 pm 
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Location: Wylie Texas but in Alaska for a while
DAAAA

I just googled and found the GIA cert check web site.......

the next dumb question, if I get the GIA cert and it is valid....... BUT IF

is there a site that I can get values (without a subscription) I would only need to check a few items.


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 Post subject: Re: police auction seems to good to be true
PostPosted: Fri Oct 27, 2017 9:24 pm 
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Location: Pine City, NY and Dothan, AL
Why not ask the local police if it's legitimate?


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 Post subject: Re: police auction seems to good to be true
PostPosted: Sat Oct 28, 2017 5:35 pm 
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Location: Wylie Texas but in Alaska for a while
AlBalmer wrote:
Why not ask the local police if it's legitimate?



Good suggestion.

I googled the name of the people doing the auction, there were several posts from people who bought things and tghen had them appraised, for 1/10 price they paid.

There were also comments about fake certificates, and Autgraph certifications from 2 organizations, one of which closed it's doors after complaints, and the other is not accepted even on ebay (either is the first one) ...


After reading those comments, I did not even bother to go, it is a scam.


My daughter did find a real police auction, but my daughter is not feeling up to going to it today.


Thanks for your reply.

I have a second question but I may post a new thread.


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 Post subject: Re: police auction seems to good to be true
PostPosted: Fri Nov 03, 2017 6:05 am 
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Joined: Sun Jun 25, 2017 4:05 am
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A friend of mine brought me a few months ago a diamod he bought in such an auction, in Hawaii, some 10 years ago.
Claimed to be police and customs confiscated items.
It was a 1.84 pear shape , Included white diamond.
It came with a certificate from...AIG.
Evaluated at 17,000 $. He paid 8,000 and felt lucky..
Needless to say that stone worth not more than 2,500$.


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 Post subject: Re: police auction seems to good to be true
PostPosted: Sat Nov 04, 2017 12:28 am 
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Location: Wylie Texas but in Alaska for a while
It seems a shame that they are allowed to get away with it. But each loss is not worth the hassle.

Eventually they will rip off someone who will hit back.


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 Post subject: Re: police auction seems to good to be true
PostPosted: Sat Nov 04, 2017 5:12 pm 
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Location: San Marcos, CA
These types of auctions have been around for quite a while. Most are traveling from town to town. I would imagine that would limit there responsibilities in there minds. Not a fan either.
Greg

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San Marcos, CA


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