Hi Shorena,
Thank you for your feedback. It is very informative. So it seems a 58 character private key does exist as a BIP 38 private key?
No, I did not receive a password. I tried to import on blockchain and also asked for the passphrase after I entered the private key.
The seller only sent me a public key (watch only) and private key. I unfortunately thought that was all I needed as I wasted many hours trying to figure it out with google searches and messing with bitcoin core. Huge lesson learned the hard way I guess you could say.
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Yes, its a method to protect paper wallets. Its common to store bitcoin such that the private key is on paper, a silver/gold/etc. coin or other methods. The problem with that is that someone might see the private key and use it. All coins would be lost. BIP38 is a way to protects such a private key with a password. If blockchain.info asks you for a password its very likely that what you got is indeed a protected private key. If was transported by mail it makes sense to load the bitcoin at a later date as well. Try to contact the seller, it could have been a security scheme and not a scam attempt.
Thanks Shorena,
Have actually sent multiple messages including asking if there was a specific pass phrase for it but he has ignored all messages. Hopefully he responds soon. Maybe it's due to the holiday season, hopefully. Either way I still believe it's bad business practice to describe an item then ship something useless to the buyer. Not to mention as I stated ignoring messages. One thing that I did notice was someone else complaining about not receiving bitcoin with their purchase that contributed to his less than perfect 100% rating. This occurred over 6 months ago though.
Anyhow thanks for the information. Clears up any doubts that I was going about the process wrong on my part.