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

All this build up and nothing

 

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What concerns me is that by waiting so long, the dealer might refuse any sort of return or renegotiation.

Chris

 

I'm dangling on the precipice but still hoping for an appearance by Big Ed. Don't fail me now old friend......

 

It's a shame, that coin dealer most likely needs an arse kickin'. I wonder if that's legal verbiage?

 

Hello group
I have been real busy and with Easter I have not been able to respond to this thread. For some of you that may not have read the whole thread, I have made the statement that I am between my wife’s best friend and my wife. I can only do so much to get to the bottom of this scam.
I have to walk a careful thin line on how I push this issue.
Well I know everyone here is beating me up, and I deserve it. But as I have said before this whole situation is out of my control with this lady. She flew out last Monday to go to her daughters. She will not be back for two weeks. She still insist she did not ever get a chance to do anything with the receipt. I will have to wait till she gets back. This is all I can do.
I hate that I got everyone worked up and then everything got put on hold. Once again I am trying to help this lady because of our long time friendship. If this was anyone else I would drop the ball a long time ago.
So this will continue for a while longer.
Thanks for your patients. Biged

 

two weeks?! that's it, I quit...

 

BigEd: You are a good person for trying to help out a friend. It sounds like there is more to this story and that it is complicated. However, with the time lapse, the dealer can now likely say that she should have brought it right back if not completely satisfied. I am afraid that she now owns the lot and will have to deal with the repercussions. TC

 

Most stores have a 30 day return policy, I think she has money to burn, myself :dead-horse:

 

I agree... The time to act seems to have passed...

 

I don't think so because up until 03-13-13 she thought she had made a very good investment. Not until she showed me the coin, was when I informed her she got scammed. Until I see the receipt I will not know when the transaction took place. She said it was several months ago. So because she set on this thinking she was in good shape, is no reason for this not to be a situation that lets this guy off the hook. IMOP.
Thanks Biged

 

For the record I believe now I am like everyone else that has followed this thread. It bothers me that there is a Coin Shop still in business that has made this type of sell and is continuing to do so. Friend or not at this point I will see this to the end just to put a end to this type business. I am a collector and do a little bit of selling to upgrade my collection. There should not be anyone deceiving anyone in is this hobby or investment community. Me and you know their out there, but that is why we educate ourselves to know what to look for, But with that said all of you know this is hard for even the best at spotting bad deals and investment. At the same time when one is found to be true. I believe they should be confronted.
Thanks Biged

 

If it's been months since the purchase and she's dragging her feet on the issue, I would say she is unfortunately the not so proud owner of some very expensive Kennedy halfs. I had a girlfriend once who was very good at burying her head in the sand when problems popped up. The only point of action I see at this point would be to pull a sting on this guy. Send some little old lady into his shop wanting to "invest" in silver. If he pulls the same scam, like scum bags love to do, then let him have a "Mike Wallace" moment with the local TV station. Criminals love advertising and it helps wake up the local district attorney.

 

first thing first, he did nothing wrong, if you walk in someone store and ask them for silver, and they charge you a 1,000.00 dollars an oz. and you paid him for that, that's your own doing, not his !!!!!

 

Note to self: Don't buy anything from this guy!

Chris

 

I agree its a scummy dealer, and maybe the AG might want to see if he would do it again to another victim in a sting. I also believe, however, that it is too long at this point, and with her dragging her feet, and now will be gone for another two weeks, either she does not want to deal with this, or has put it off so long, I do not think she really has much of a case to demand a return.

 

Morals, Rick, morals. It still isn't right that they charge $1,000 an oz. Sure, it may be legal, but in the OP's case, an elderly woman who obviously knows nothing about PMs is getting ripped off. It drives me crazy that people take advantage and prey on others.

 

The local TV station most likely has an investigative unit.

 

Just asking
The amount of money I believe makes this a crime. If you steal over $5,000.00 and cross a state line the crime becomes a federal case only because of the amount. Does this not make for a crime because of the $6.000.00 dollar being stolen. By misrepresentation.
Thanks Biged

 

BigEd, how can you even have made this thread without seeing the receipt prior? Everything you say is all hypothetical. Nobody, including you, actually knows what happened. How hard is it for her to scan, fax, or photograph the receipt to show you? This is extremely irritating.

 

Unfortunately there is no law preventing someone for charging exuberant prices for coins. There is no law preventing someone to buy gold eagles for $20 a piece of someone who don't know any better. There is no law for someone to sell Kennedy halves for $60 each.

Without laws in place, bad things happen to good people.

Unfortunately it seems like no one wants to lawfully regulate the hobby of coin collecting.

We have thousands of fakes coming from China by the day, as their counterfeiting abilities increase, we have people ripping off others for coins (those fly-by-night dealers), and we have people charging way too much for coins, speaking with a silver tongue to the mentally inefficient, the elderly, and the uneducated.