I need help for a friend who got scam by a coin shop

Discussion in 'Coin Chat' started by biged239, Mar 15, 2013.

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  1. bkozak33

    bkozak33 Collector

     
    bkozak33, Mar 16, 2013
    #21 + Quote Reply
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    If her friends recommended this coin shop, then maybe they (assuming that they were also elderly) were being overcharged there as well. If that were the case, then the State Attorney would certainly be interested.

    Are you at liberty to reveal the name of the business?

    Chris
     
    cpm9ball, Mar 16, 2013
    #22 + Quote Reply
  4. gunnovice09

    gunnovice09 Nothing

    Just subscribing
     
    gunnovice09, Mar 16, 2013
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  5. enochian

    enochian silver eater

    9 rools of ase still wouldnt equal 8000
     
    enochian, Mar 16, 2013
    #24 + Quote Reply
  6. BRandM

    BRandM Counterstamp Collector

    Your friend is in a tight spot Biged. If it were me I'd do what I could for her starting with a visit to the shop. Good luck.
    BTW, welcome back...wondered what happened to you.

    Bruce
     
    BRandM, Mar 16, 2013
    #25 + Quote Reply
  7. biged239

    biged239 Member

    I am going to her place this Sunday and taken a look at the receipt and the coins. If they are as she has describe I will be visiting this coin shop and talking with them. They are only open on week days so I will take a day off to do this. My wife works in a law firm so she will be able to ask some of the lawyers questions on Monday. I will post what they tell her.
    Thanks Biged
     
    biged239, Mar 16, 2013
    #26 + Quote Reply
  8. jloring

    jloring Senior Citizen

    I feel mine deteriorating everyday. Must have been all that mercury I use to rub on coins while eating lunch back in the early '50's. Thanks for the info on the laws protecting me, Chris.
     
    jloring, Mar 16, 2013
    #27 + Quote Reply
  9. Conder101

    Conder101 Numismatist

    Whether or not it is fraud is going to depend on how they were represented to her, and since there was no one with her to hear how they were represented it makes for a very tough case.
     
    Conder101, Mar 16, 2013
    #28 + Quote Reply
  10. coinup

    coinup Junior Member

    Sad.
    I bet this happens all the time in high populated areas of retired and older folks, Florida being one....
     
    coinup, Mar 16, 2013
    #29 + Quote Reply
  11. Juan Blanco

    Juan Blanco New Member

    Coin shop grifters: there's one in every county it seems.
    Very sad story - but not so rare (just extreme.)
     
    Juan Blanco, Mar 16, 2013
    #30 + Quote Reply
  12. desertgem

    desertgem Senior Errer Collecktor Supporter

    Many bullion sites or threads, constant ads in magazines ( most seniors still read), the "Silver will reach $150 soon" type of news briefs, or even similar discussions on our site, many well meaning, but well....

    I hope she gets her money back on at least the unopened coin rolls. If the roll has been opened, it would be even tougher.
     
    desertgem, Mar 16, 2013
    #31 + Quote Reply
  13. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    It the dealer convinced her to buy the 9 rolls because he mislead her on the amount of silver contained within or the type of coin she was getting then you may have some recourse. If she walked in and said, I need $8000 worth of silver and he said you can have these 9 rolls for that and she agreed then you may be out of luck. It all depends on how it was phrased and how the transaction took place, I suspect if this dealer is selling 9 rolls for 8 grand then he may be fairly slick about how he peddles his wares. I'd be very careful with any words you throw around in his shop.
     
    bqcoins, Mar 16, 2013
    #32 + Quote Reply
  14. geekpryde

    geekpryde Husband and Father Moderator

    God this is such a myth.

    This is totally off-topic, but I am compelled to speak:

    First off, I worked as a shift supervisor at Starbucks in Maine for 4 years. My wife currently works for Starbucks. (awesome health insurance, dental, and okay 401(k) for only 20 hours per week) I think you may agree that I am qualified to speak on this topic?

    The quality and consistency you get at Starbucks, not to mention IMHO much higher quality of employee than other massive chain coffee shops, only costs a very small premium for a "cup of coffee". Do you want to know the ACTUAL, REAL cost for a fresh brewed hot cup of coffee at Starbucks? In Maine (including sales tax) a Tall AKA small cup costs $1.77, Grande AKA medium cup costs $2.09, Venti AKA Large cup costs $2.41. Most people order a grande, so let's say an average cup of coffee at Starbucks costs $2.09. A bit off from $5.00, right? Dunkin Donuts is $1.99 for same size. 10 cent pricing difference!!!! Pricing is different in different markets, and local sales tax plays with the final figure. But all competitors in the area are affected by same issues, so their prices are likewise affected. Certainly this is more expensive than brewing your own, some people choose to pay it and others don't. Some people can't tell the difference between bad coffee and good coffee, other like me can. Have you ever done blind side-by-side taste tests? I have. I drink my coffee black, and have a cup every single day. If someone dumps all kinds of crap into their coffee, than maybe you can bury the taste of crap coffee brewed poorly. I can taste cheap badly made coffee every...single...time. (even when my wife tries to trick me). Amount of water, quality of water, brewing time, time it's sitting around, type of cups, all make a difference in final taste. Are you picky enough to pay for a known good cup of coffee with day-to-day consistency? I am.

    $5.00 coffee what a joke! But if you are talking about disgusting milk based sugary chocolate/caramel/whipped cream concoctions or iced blended frappes that are loaded with things that are bad for you, yeah Starbucks sells those too. Yes, they can add up to more than $5.00 depending on how much junk you put in them. Do they qualify as "coffee" just because they have a small amount of espresso in them? I don't think so!! Are they overpriced, not really. If Starbucks charged $10 for these, people would still pay. Many people like gross drinks that are bad for them, and don't mind paying a lot of money for their bad habit, even twice a day.

    Again, the coffee premium is small and the benefit is great IMHO. Sorry for rant, I hope someone here found it educational.

    On-topic: I am very sorry this happened to your friend. But I am amazed that anyone would buy anything costing more then $250 without doing very basic research online. Something costing >$1000 should be very thoroughly researched IMHO.
     
    geekpryde, Mar 16, 2013
    #33 + Quote Reply
  15. Silverhouse

    Silverhouse Well-Known Member

    That goes in line with what i saw happen at a coin shop once.
     
    Silverhouse, Mar 16, 2013
    #34 + Quote Reply
  16. 7Calbrey

    7Calbrey Well-Known Member

    What if scores of the coins in question were proof 65,66, 67 or even proof 68 and including very particular design specifications, such as the hair of president Kennedy?
    Charles
     
    7Calbrey, Mar 16, 2013
    #35 + Quote Reply
  17. beef1020

    beef1020 Junior Member

    Then they would not be sold to someone looking to purchase silver, and would not be sold in rolls.
     
    beef1020, Mar 16, 2013
    #36 + Quote Reply
  18. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I seriously doubt that you would find proofs of any grade in rolls. What if President Lincoln hadn't been assassinated? What if?

    It all boils down to the fact that she is an elderly woman, and you can assume that her mental faculties aren't what they used to be. No reputable dealer would try to pawn off about $2K of silver for $8K.

    Chris
     
    cpm9ball, Mar 16, 2013
    #37 + Quote Reply
  19. jloring

    jloring Senior Citizen


    I also doubt they would be in rolls, but it still would be interesting to know exactly what the LCS was charging this exuberant amount for. Just doesn't make any sense to me.
     
    jloring, Mar 16, 2013
    #38 + Quote Reply
  20. TopcatCoin

    TopcatCoin TC

    I absolutely hate hearing about an elderly person getting ripped off. As others have suggested, I would bring your friend and the receipt back to the store and graciously request her money back. If he refuses, I would then state that you will be seeking legal assistance as this is obviously a case of an elderly person getting taken advantage of and you need advice on how to proceed (do not mention law suit). I also like the idea of talking to a local reporter but do not state to the owner that you are doing this as it can be viewed as a threat, whereas stating that you will be seeking legal assistance to evaluate your options is not. My guess is that he will either return her money or will give you an option of a partial refund. If not, most lawyers will give free initial consultations. I really hope you do not have to go that route though. Good luck! You are a good person to assist. Keep us posted on what happens. TC
     
    TopcatCoin, Mar 16, 2013
    #39 + Quote Reply
  21. Tyler

    Tyler Active Member

    I am sorry but if somebody is willing to invest $8000 in anything shouldn't they do a little research prior to pulling the trigger? How can one be so ignorant?
     
    Tyler, Mar 16, 2013
    #40 + Quote Reply
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