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

Because the 8k paid for 2k worth of silver leaves 6k

 

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oh that makes sence

 

This statement brings to mind the episode of The Andy Griffeth Show in which a big city speeder flying through town is ticketed and fined $5. The city slicker scoffs at the measly (to him) fee, and hands Andy a ten and, stepping to his fancy car, tells the sheriff to keep the change.

The ever ethical sheriff stops the man from leaving. He explains to him that for the average Mayberry citizen, $5 (or a couple days in jail) is not such a small fine to have to pay. The average man feels that loss, is forced to think hard about what they had done wrong. Since the average Mayberry fine was like flicking lint off his fancy suit, the big city man would have to pay a big city fine of $50, not $5, or spend a couple days in jail. Needless to say, that man watched his speed on the way out of town.


This is just it. Most of us learn our lessons, pay for our "education" in tens or hundreds of dollars. Seeing a wealthy person pay for theirs in thousands is probably as common as the 'birth' of every new collector who is wealthy. We all learn this lesson, usually within our first purchases getting into the hobby.

The most troublesome part is when this, shall we say, Harvard level tuition -- equivalent to the big city $50 fine -- is brushed off by the person. I wonder what the good sheriff would have done if the flamboyant man had simply smiled back, flipped a $50 out of his wad, and drove away.

 

The End

Hello Group
Well there has been a lot of good advice and there have also been some interesting comments. There is even a request to end this thread.
If the moderators want to end it that’s fine with me.
I consulted a lawyer friend and received legal advice on this situation. He told me Coins are not just bullion but also collectibles. He used an oil painting for an example, and said she could have bought this painting for $8,000.00 and found out it was worth $2,000.00. Legally she just lost $6,000.00 dollars and it does not matter how it was sold to her. She has no documentation that she is mentally ill. She has made a bad investment because she was not wise to the investment she made. There is no legal recourse. Buyer bewares when it comes to any collectibles. This was his advice.
As for me doing a sting operation on this place? For one I live 100+ miles from this store. Second from what this lawyer just told me he can sell is coins for what ever he wants to. There is no legal set price that can be levied on antiques and collectibles. If he sells the coins for bullion and states this is the price for bullion, he is still OK doing this because he is not held to any set price for bullion. You can set a price at $1,000.00 per ounce and if you can get someone to buy it you just made a great sell. Anyone can set a high price on any merchandise and if they can sell it, they just made a bigger profit. Only during emergencies can a lawful limit be placed on the price of some merchandise.

So with this I a conceded that I can do nothing to help this lady. She should have taken my advice a long time ago. When I told her if she was going to invest, call me and I would help her.

Sorry there is no ending to this story.

My apologies to anyone if this thread cause any hard feelings. I never expected it to turn into a waiting game. I never had control of the situation. So some of you are right when you say I should not have started this thread. I don’t post enough on forums to control a thread like this. It was personal and I should never let this type stuff get me worked up. The CoinTalk forum is a good learning forum and I will be around. But this thread has to many people getting worked up and I believe it should end.
Thanks Biged

 

I don't think any hard feelings Ed. I agree yet disagree with the lawyer. I bet you could get 100 testimonials here that bulk kennedy halves with no identification or protection by definition are a bullion item, not a numismatic one. Heck, I bet you some dealers here would even write a testimonial to the same affect. So, I basically believe the lawyer is correct in theory, but not in practice when it comes to this instance.

Yes, the lady should have listened to you, yet I believe she still could have gotten satisfaction if she had acted quicker. By now it MAY be too late, but I sure as heck would not let the dealer get away with it. Personally I would still pursue him, and if you can get the receipt and lady together, take them both to the store. Much earlier someone posted a great article about elder law in FL, use that information if the dealer will not make it right. Yes, it may be harder now, but its still worth shaking that tree.

Good luck to you sir.

 

I'll echo Chris, Big Ed. No hard feelings from this old sod. You're a good person and one who keeps an eye on a friends well being. I'd have you at my back any day.........

 

I'm with Chris on this one. Was the lawyer you talked to a criminal lawyer? It can make a difference.

You tried your best, Ed! You can lead a horse to water, but you can't make it drink.

Chris

 

Ya, lots of wheel-spinning and it looks like a troll. (Even if it wasn't.) Sometimes INACTION is the best choice but this was NOT that case.
Please note past tense. The elderly lady made her own bed; she can obviously sleep soundly in it, too.
BigEd should drop it, IMO. I see zero-upside for him in this.

 

+

Except I would still like to know if you ever see that receipt.

 

I agree that you did everything you could do. Unfortunately, some people fall victims to these situations and there is nothing that can be done. I would be interested if you ever saw the receipt. Even though nothing can be done, I would be interested in knowing what it said.

 

If she sends me a copy of the receipt? I will post it. I haven't gave up on this. But a lot of people here are tired of the wait and I understand. I will visit this store one way or another in the near future.
Thanks Biged

 

Sounds good. When you do make it to the store...let us know how it goes.

 

BigEd...don't worry about those people who are soon freaking negative. There are those of us here that support what you are doing and are willing to wait patiently to hear the results. In fact, Ive been waiting six years or so to hear back from that guy that got a full roll of 16D mercs from his grandma! LOL! Still waiting......

 

I remember that guy...I wonder how he's doing.

 

Have read some of the thread, don't have hours to read all of it though..

Ed, why not simply go into the store and talk to the manager about it. Tell them you are a 'caretaker' of said buyer and you simply want to make sure 'she had not been had'.

They would then either explain what she's saying is completely false, or maybe they would even admit the sale.

At least something would have been done at that point in time.

Again.. didn't read all 28 pages, just a cliff notes version.

Just seems shady overall... maybe I missed where you have visited the store already or been advised not to for some reason?

 

I just figured that he moved to a remote island with no internet which is why we hadn't heard from him.

 

I still believe that it is a mix up on their part, but the more time that goes by, the harder it is to prove it.

 

maybe she gave him 2000 thinking she had 8000 and the husband used or hide 6000

 

I am going to do this as soon as she gets back. Unfortunately I live over a hundred miles from this store.
Thanks Biged

 

Have you considered calling them? Only concern is it gives them time to 'cover their tracks' a little if indeed what she said happened did indeed happen.

At this point in time though, if they indeed did try and 'scam' her, I'm sure the tracks have been covered by now.

Call them, speak with the manager and the manager only. You could solve this entire situation in 10' time one way or another possibly.

Cheers..