Alternative Assistance for Precious Metal Fraud
Fraudulent coin dealers use a combination of fear, intimidation, and technical jargon to get people to make an “investment” in gold or collectible coins. Investment brokers or individuals who provide investment advice may be required to be licensed by the Securities Exchange Commission (SEC) or the Federal Trade Commission (FTC). If a dealer makes representations about the investment value of their coins or claims to provide other investment advice, you can contact the following agencies:
www.stopcoinfraud.org - The Numismatic Consumer Alliance is a not-for-profit organization that has helped consumers without the necessity of legal counsel.
www.bbb.org - Do not be fooled by A+ ratings by the Better Business Bureau. However, the BBB may be able to assist you if the company follows the BBB recommendations.
You can file a complaint with these Federal Agencies, but unless there is a significant number of victims and the amount is substantial, they may not pursue a timely resolution for you :
If you liquidated an IRA or other retirement account, you may also contact the Commodity Futures Trading Commission as follows:
Commodity Futures Trading Commission
Three Lafayette Centre 1155 21st Street NW
Washington, DC 20581
Tel: (202) 418-5000
If the coin dealer has stolen coins from you, used your credit card without authorization, or issued a check on your account, you may want to file a criminal complaint with your local police and also contact these agencies for assistance: