I wish I read about you guys before placing a large order with coinabul.  I got totally ripped off and they stole my bitcoins.

Back to the mines to generate some more.

It is absolutely their fault!  They built a crappy infrastructure, their database got corrupted, and when they finally got back on their feet, the market crashed. 

Clearly, according to their TOS, the customers must be punished for that.

Scammer Tag please.

What if I read everything on the forum in 3.5 hrs?   

Exactly!

Price goes down, they reduce your order.  If BTC doubled in price before they shipped, do you think they would EVER email and say "Hey, we made far too much from this, we're going to send you some extra bullion"?  Never going to happen.

Scam tag long overdue.

That being said, does anyone know of a *reputable* bullion dealer that sells for bitcoins?

Getting to the 4 hours is far more than just logging in and leaving the machine on the forum page. 

I'm entirely sure how the counter works, but it is definitely not that!

I always like when people ask me "Well, if I can set up a rig to mine them and create them out of thin air, why would I ever buy them on an exchange?"

To that, I usually reply, "Well, you can go mine gold, melt it down, and make your own bars too.  So why do you go and buy those?"

It usually turns out that they don't want to put in the effort..  for either of them.

My primary complaint is that they are NOT a vendor who delivers.  I ordered 4 silver eagles from them and paid the agreed upon price, even with their hefty premium.  A week later, I received an email that, due to technical difficulties, they could not cash out of the BTC in time and they lost value, so they were "offering" to send me 3 silver eagles instead.  They charged me in BTC, I paid in BTC.  The fact that they did not convert to USD at a good time is not my problem.  Any reputable company would honor their sale, but not Coinabul. 

For a risk averse person, you are taking a huge one dealing with Coinabul.  Read the other forums, there are many people that have had the same, or worse experiences with them.

Coincrunch

They are a site where you can buy gold and silver bullion for bitcoins.  Their site is pretty polished and it looked promising. 

After reading the message boards, it looks like they had a key guy leave in March and things have just never been right with them since. 

Oh well, lesson learned. Before spending bitcoins at any site, check the message boards first to see if they are legit.

CoinCrunch

I placed an order with coinabul on 4/20/2013 for 4 silver eagles.  They charged .15 BTC per coin, which was paid immediately by myself.  It's been 10 days and I received the following email from them saying "Sorry, we had a server crash.  We couldn't cash out in time, so we'll send you 3 silver eagles instead of 4, is that cool?" 

My answer to them is a resounding NO, it is not cool.  They charged me in BTC. I paid in BTC. They should honor their deal, case closed.  If you bet on a football game, and you lose, you do not get to modify the bet after the game is over.

So, I send this out to everyone as a warning, do business with coinabul at your own risk.  If the market moves in a way that does not benefit them, they will try to renegotiate the deal after you've already paid.

Can you imagine if amazon tried something like this?


The email to me from Jay at Coinabul, a week after the transaction (and my payment):
--------------------------------------------------------------
On April 10th-11th we were hit with a 'perfect storm' situation which caused us to have a major issue with transaction processing.

Due to a previously undiscovered bug in Bitcoin 0.8.1 we experienced an issue where bitcoind corrupted our hotwallet, along with our blockchain, but did so in such a way that for a few hours it was still rendering payment addresses to customers but unable to sync to the network, or even see unconfirmed transactions coming in. This is the kind of one-in-a-million occurance that happens when using cutting edge systems like Bitcoin, and we're glad it happened to us instead of a normal user who would have likely been unable to salvage any bitcoins from the mess. We immediately shut down our daemon and proceeded to begin repairing and salvaging, as well as deploying a hot-patch to enable us to extract the remaining BTC from the wallet in question.

In the short time it took us to salvage our hotwallet, bitcoin price plummetted at minor exchanges as most of the major ones suddenly went offline. At that point, we'd already initiated a few major transfers to exchanges which weren't even able to show up in our balances for another day or so, let alone be sold at anything even resembling the spot price you spent them for. At that point we were left with the crucial decision of whether to sell any remaining coins at a much lower rate than expected, and do our best to lock in a higher spot price before the market crashed further, or hold on to your coins and return them to you. We opted to do the former which is a good thing, considering bitcoin price proceeded to hit less than half of the value at which we sold.

Now we are left with two choices on how to resolve the situation that affected your purchase: 1. I can send you the metal value your coins were eventually able to net(3 ounces); 2. I can return the dollar-value of your coins by repurchasing that dollar-value's worth of BTC and send it to you.

Let me know which is preferred, and I'll do that.

Thanks, and I appreciate your understanding in this issue.
---------------------------------------------------------------

I'm CoinCrunch.  Like many others have asked, how do we get the ability to post on the other forums?

Wishing I read the forums before ordering from Coinabul today.  I only ordered 4 silver eagles, but it was when BTC was at $250.  I promptly paid and sent the bitcoins.  After a couple of hours, everything is fully confirmed as being sent in my wallet, but the order status is "processing" on their end. 

Calls go to voicemail
Emails go unanswered
Contacts through their contact page go unanswered

Does anyone have any recent experience getting in touch with them?