News & Articles for: Consumer Alert

Counterfeits and coin doctoring: Two threats to long-term rare coin market

Counterfeits and coin doctoring: Two threats to long-term rare coin market

By Steve Roach First published in the Feb. 13, 2012, issue of Coin World The problems of counterfeit coins and “coin doctoring” are two issues that have the potential to harm the coin market in the long term if not properly addressed. For... read more »

 

NCA RECOVERS MORE THAN $1 MILLION FOR BUYERS OF OVERPRICED COINS

NCA RECOVERS MORE THAN $1 MILLION FOR BUYERS OF OVERPRICED COINS

The Numismatic Consumer Alliance, Inc. (NCA) helped recover more than $1.1 million in the last eight months of 2011 for victims of unscrupulous coin sales, according to John Albanese, founder and president of the not-for-profit watchdog organization. NCA... read more »

 

Maryland Governor Proposes Sales Tax Exemption Repeal

Maryland Governor Proposes Sales Tax Exemption Repeal

Last year the numismatic community stood united in helping defeat House Bill 206 in the Maryland General Assembly, which would have repealed the Sales Tax Exemption for Precious Metal Bullion and Coins. We are grateful for the way the coin community... read more »

 

eBay and PNG Working Together

eBay and PNG Working Together

eBay (www.ebay.com), the world’s largest online marketplace and a global leader in mobile commerce, recognizes that the coin category on eBay is a dynamic space with a passionate – and informed – community. They are listening to... read more »

 

Counterfeit Detection: 1911-D Quarter Eagle

Counterfeit Detection: 1911-D Quarter Eagle

by Max Spiegel, NGC Numismatic Researcher The 1911-D is the key Indian Head quarter eagle. Read about two unusual alterations and how NGC experts discovered  these two type of counterfeits. Chased Mintmark There are a number of methods used... read more »

 

Counterfeit Detection: 1870-CC Quarter

Counterfeit Detection: 1870-CC Quarter

by Max Spiegel, Numismatic Researcher  – With Permission Courtesy of Numismatic Guaranty Corporation The 1870-CC is the key to the Seated Liberty quarter series. Read about the counterfeit that was submitted and how our experts recognized... read more »

 

Class-action suit accuses UBS of Charging Storage Fees On “Phantom” Silver.

Class-action suit accuses UBS of Charging Storage Fees On “Phantom” Silver.

In 1984, Michigan resident Laurin Ramsey purchased 10 pieces of 100 ounce pure silver bars from the Swiss bank UBS or its Paine Webber subsidiary. Ever since, he had paid $25 per month for storage fees. A few years ago, he tired of paying the... read more »

 

BBB Warns Austin-Based Coin Firms Ads May Be Peddling ‘Fool’s Gold’

BBB Warns Austin-Based Coin Firms Ads May Be Peddling ‘Fool’s Gold’

Consumers nationwide should be on the alert for advertisements from two Texas-based companies that are using newspapers to sell gold bullion coins “completely free of dealer mark-up,” Better Business Bureau (BBB) warns. The companies appear... read more »

 

Hobby Groups Praise FTC’s Gold Advisory Edits

Hobby Groups Praise FTC’s Gold Advisory Edits

Leaders of three coin and precious metals hobby and professional groups are praising the Federal Trade Commission for acting on their suggested changes to the FTC’s 2010 online consumer advisory entitled “Investing in Gold? What’s... read more »

 

Coin Marketing: Not affiliated with, licensed or endorsed by the US Mint

Coin Marketing: Not affiliated with, licensed or endorsed by the US Mint

By Richard Schwary - California Numismatic Investments How many times have you seen this disclaimer on those cheesy TV ads selling something which looks like a 1929 proof $5 Indian gold piece? And don’t laugh I get a call on something like... read more »