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Did a Fraudulent Dealer Misrepresent Bullion or Rare Coin Values?

Some precious metal dealers are dishonest sellers of coins and overprice not only their rare coins but their bullion coins as well. Because bullion coins are not rare and their values are not based on their condition or rarity but rather on their content, it is easier to find competitive prices for these coins as they are sold in world markets. However, there are still fraudulent dealers that engage in selling overpriced bullion coins and mislead consumers about the values of these coins.

Dealers are typically going to charge more money for coins so they can make a profit; however, they should not be gouging the consumer or overcharging too much. If you are considering purchasing bullion coins from dealers, you should call a couple of reputable dealers and compare prices, as prices change daily. You can also purchase bullion coins like the Canadian Maple Leaf, the U.S. American Eagle, and the South African Krugerrand at banks, which offer a lower markup and more competitive prices than dealers.

Tips to Protect Your Investment

Investing in rare coins can be risky, and it is in your best interest to protect yourself from fraudulent dealers by doing your research, learning about the coins you are going to purchase, getting second opinions, comparing prices by shopping around, and getting an independent appraisal of a rare coin you are considering purchasing. Also, you should find out if the company offers a 15-day or 30-day full return, which will give you time to get a second opinion or appraisal of that coin's value.

If you are looking to purchase a fine or rare coin, you should still check prices in sight-unseen coin trading networks or coin publications to make sure that the dealer you are planning on purchasing the coin from is not overcharging you or misleading you about the value of the coin. If the dealer is selling you the coin for a much lower price than what is printed in these publications, then the dealer may be misrepresenting the grade or the quality of the coin. Remember, what sounds too good to be true probably is.

We Can Help You Seek Justice in False Coin Value Cases

If you have been taken advantage of by a dealer who has overgraded their coins, you may have a legal case against that fraudulent dealer for graded coin value fraud. Also, if you have been a victim of false coin values or any other type of rare coin fraud, please contact the Voss Law Firm and speak with a knowledgeable investment fraud attorney regarding your gold fraud claim. You may be entitled to compensation for your losses. You can reach our skilled lawyers at (866) 276-6179.

Make sure to download a FREE copy of attorney Bill Voss's book: Coin Fraud - Is Your Investment At Risk?
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The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.

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