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<p>[QUOTE="CamaroDMD, post: 1666743, member: 5233"]Back to the original topic...if I were in the OPs shoes, this is what I would do.</p><p><br /></p><p>1. First I would return to the coin dealer with the woman, the coins, and the receipt. I would also go with the the silver spot value for the purchase date and thus the total value of the coins at the time of purchase. For arguments sake, lets use today's figures off coinflation. Right now silver is $28.85 per ounce, so each 1964 Kennedy is worth $10.43. Since she purchased 180 coins, the spot value is $5193. I would kindly explain to the dealer that selling this for $8000 is highly unacceptable and you expect him to make it right. Understand that a premium is to be expected, but not like this. See what happens. If the dealer is willing to work with you...problem solved, if not leave the store without incident and proceed to the next step.</p><p><br /></p><p>2. Speak with a lawyer. I know we have been discussing the legalities of this situation and I have stated that I believe it to be legal...but as it has been pointed out, I am not an expert in law. I would speak with someone who is. See if once the lawyer gets involved (and if the lawyer suggests so the police), if the situation is resolved. If not, I would go one step further.</p><p><br /></p><p>3. At this point, speaking with the dealer and working it out and speaking with a lawyer have done nothing. IMHO, there is nothing further you can do in an attempt to recover the money. But, what you can do is save others. I would go to the newspaper, local news, hand out fliers in his parking lot, at the mall, everywhere you can think of telling your story. Make sure that the whole town learns of what happened. Be 100% truthful. Say that she went to purchase $8000 worth of silver and the dealer sold her $5193 worth claiming it was worth $8000. The $2800 he made off of her in such a fashion might be the last dollar he ever makes. </p><p><br /></p><p>But, that's just me. That's what I would do. Again, I don't know if telling your story would constitute slander or anything...but I would imagine if you are 100% truthful that nothing bad could happen.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1666743, member: 5233"]Back to the original topic...if I were in the OPs shoes, this is what I would do. 1. First I would return to the coin dealer with the woman, the coins, and the receipt. I would also go with the the silver spot value for the purchase date and thus the total value of the coins at the time of purchase. For arguments sake, lets use today's figures off coinflation. Right now silver is $28.85 per ounce, so each 1964 Kennedy is worth $10.43. Since she purchased 180 coins, the spot value is $5193. I would kindly explain to the dealer that selling this for $8000 is highly unacceptable and you expect him to make it right. Understand that a premium is to be expected, but not like this. See what happens. If the dealer is willing to work with you...problem solved, if not leave the store without incident and proceed to the next step. 2. Speak with a lawyer. I know we have been discussing the legalities of this situation and I have stated that I believe it to be legal...but as it has been pointed out, I am not an expert in law. I would speak with someone who is. See if once the lawyer gets involved (and if the lawyer suggests so the police), if the situation is resolved. If not, I would go one step further. 3. At this point, speaking with the dealer and working it out and speaking with a lawyer have done nothing. IMHO, there is nothing further you can do in an attempt to recover the money. But, what you can do is save others. I would go to the newspaper, local news, hand out fliers in his parking lot, at the mall, everywhere you can think of telling your story. Make sure that the whole town learns of what happened. Be 100% truthful. Say that she went to purchase $8000 worth of silver and the dealer sold her $5193 worth claiming it was worth $8000. The $2800 he made off of her in such a fashion might be the last dollar he ever makes. But, that's just me. That's what I would do. Again, I don't know if telling your story would constitute slander or anything...but I would imagine if you are 100% truthful that nothing bad could happen.[/QUOTE]
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