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Consumers Be Wary of Coin Dealers’ High-Pressure Sales Tactics

Buying gold bullion coins or gold bars has been popular over the last several years, as some want to diversify their investments and others are worried about inflation. Although some people have purchased gold without getting ripped off, others have been taken advantage of by unethical coin dealers.

Unfortunately, this industry has attracted some shady dealers who want to rip consumers off and separate investors from their hard-earned money.

One poor business practice that some coin dealers take part in is using high-pressure sales tactics. Of course not all coin dealers are shady, but some have a reputation for operating unethically. Before working with a dealer and getting caught up in their high-pressure sales tactics, do your own research online to find a dealer with a good reputation in the industry. You can also contact the Better Business Bureau or the Attorney General to find out if there are any complaints against the dealer you are planning on working with.

If a dealer has a solid reputation and belongs to a professional organization or a coin affiliation, they typically will adhere to a code of ethics and will avoid using high-pressure sales tactics. If this is the case, then this coin dealer should give you honest information without using high-pressure sales tactics.

The only way you can ensure that you won't become a victim of a hard sell is to be aware of these types of unethical business practices and to do your research on the dealer before making any type of transaction.

Be wary of coin dealers that:
  • Work on commission 
  • Give you a deadline such as a "first-time only offer"
  • Insist on you making an immediate decision

These high-pressure sales pitches lure consumers into making an uninformed purchase. If you believe you have been a victim of a gold coin fraud, please call Bill Voss, and experienced Texas coin fraud lawyer, at the Voss Law Firm today at 888-614-7730, for a free consultation.

Make sure to download a FREE copy of attorney Bill Voss's book: Coin Fraud - Is Your Investment At Risk, for more information on this subject.
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