Tag: Consumer Alert

FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion

FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion

By Federal Bureau of Investigation ….   A former resident of Old Tappan, New Jersey, today admitted evading personal income taxes on more than $400,000 in income in 2013, U.S. Attorney Paul J. Fishman announced. William Dominick, 68, of Collier County, Florida, pleaded guilty before U.S. District Judge Anne E. Thompson in Trenton federal court […]

By February 17, 20170 Comments Read More →
Are “Unsearched” Penny Rolls Worth Buying?

Are “Unsearched” Penny Rolls Worth Buying?

By Joshua McMorrow-Hernandez for CoinWeek.com ……   I recently had the guts to spend more than $100 in buying unsearched rolls of old one-cent coins on eBay. I know, I know, you’re probably wondering what possessed me to spend so much money on a bunch of circulated, common-date wheat cents. I’m sure I’d be giving […]

Be Wary of So-Called “Trump Coins” Cautions Professional Numismatists Guild

Be Wary of So-Called “Trump Coins” Cautions Professional Numismatists Guild

So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild. In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG. “Buyers today may be […]

Northwest Territorial Mint Bankrupt, Bullion Buyers May Lose Millions

Northwest Territorial Mint Bankrupt, Bullion Buyers May Lose Millions

By Charles Morgan and Hubert Walker for CoinWeek …..   In what began as a dispute between a landlord and his tenant has exploded into a slow motion train wreck, placing the judgment, character, and business practices of one of the industry’s more polarizing personalities, Ross Hansen [above] into focus and putting the future of […]

Numismatic Crime – NCIC Weekly Bulletin, April 28

Numismatic Crime – NCIC Weekly Bulletin, April 28

News and Alerts Concerning Numismatic Crime for the Month of April By Numismatic Crime Information Center ……   Vehicle Burglarized Below is a list of US coins and paper money stolen from Dick August after leaving a coin show in Westford, Massachusetts on April 24, 2016. Mr. August stopped a short distance from the show […]

Danbury Mint “Land of the Free” Quarters Slam Collectors in the Pocket Book

Danbury Mint “Land of the Free” Quarters Slam Collectors in the Pocket Book

By Joshua McMorrow-Hernandez for Coinweek ……. Ever heard of “Land of the Free” State Quarters? Probably not, unless you stumbled across a recent Danbury Mint Facebook advertisement selling these rebranded America The Beautiful Quarters under the label “Land of the Free State Quarters”. This particular advertisement raises eyebrows for several reasons, not the least of […]

Consumer Alert: The $80/oz Silver Sales Pitch

Consumer Alert: The $80/oz Silver Sales Pitch

By CoinWeek Staff Reports….   A reader sent us an email last week, telling us about something his wife received in the mail. It was an offer for something called the “Unclaimed Silver Program” from the United States Commemorative Gallery. The advertisement, which addressed her personally, stated that the company had “unclaimed” bars of silver […]

By September 24, 20150 Comments Read More →
FBI: The Case of the Corrupt Coin Dealer

FBI: The Case of the Corrupt Coin Dealer

By Federal Bureau of Investigation ….   Fraudster Targeted Elderly Victims Financial fraud comes in all shapes and sizes. And while corporate criminals, inside traders, and Ponzi schemers often cause their victims to lose millions of dollars, the case of the crooked coin dealer from New York illustrates that even relatively small-time fraudsters must answer […]

Attorney General Brings Action Against AGT American Silver and Gold

Attorney General Brings Action Against AGT American Silver and Gold

The Texas Attorney General froze the assets of AGT American Silver and Gold March 1, and issued a temporary restraining order against the owners of the Austin-area company, which sells gold and silver bullion and coins. Lora Maestre and Rick Maestre, also known as David Winston, among others, are named in the action for violating […]

Goldline International Placed Under Injunction, Ordered To Change Sales Practices

Goldline International Placed Under Injunction, Ordered To Change Sales Practices

National Coin Dealer Must Also Refund Up To $4.5 Million To Customers, Set Up Fund For Additional Claims The Santa Monica City Attorney’s Office has obtained a judgment and injunction against Goldline International, Inc., one of the nation’s largest gold coin dealers. The injunction, believed to be the strongest ever levied against a precious metals […]

By February 22, 20122 Comments 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 to be using the ads to entice consumers to buy more expensive “collector coins” at prices significantly higher than they […]

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 the Rush?” Some hobby and trade leaders were concerned that the original advisory contained some language that might be detrimental […]

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 this once a week. For the record there were never any proof $5 […]

 
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