Coin Shops That Try to SCAM Unsuspecting Customers!

Have you ever walked into a Local Coin Shop that tried to take advantage of you? Well even if you haven’t, there are many stories of people that have had some negative experiences in certain coin shops. While there are good Coin Shops and Coin Dealers for sure, there are bad ones also that will absolutely take advantage of people that don’t know any better by trying to buy their Silver, Gold and Coins for WAY less than what they SHOULD be paying for them! Today we share with you some of those stories and also ask that you post YOUR stories in the comments below! Check out Doc’s Deals at SD Bullion for Great Weekly Specials! ▶ Check out SD Bullion’s 500 Silver Eagle Monster Box Sweepstakes! ▶ Want to Support the Channel? —————————————————- BE SURE TO: ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ ▶ Become a Channel Member! – Channel Memberships include awesome benefits for supporting the channel, so be sure to click and check them out!s Get your Silver and Gold Coin Ping Tester! ▶ *This is an affiliate link, so buying a Ping Tester through this link supports the channel! Check out my Online Store for Silver, Collectibles and more! ▶ Curious about the equipment I use for my videos? Visit this link to find out what I use in my setup! ▶ Check out these Epic Links Below! _________________________________ ▶SUBSCRIBE! ▶INSTAGRAM! ▶DISCORD! ▶My Website: ▶My Patreon! ▶Disclaimer: ________________________________ Credits: Coin Shops Tries to SCAM Unsuspecting Customers! #coinshop #silverbullion #coindealer

22 thoughts on “Coin Shops That Try to SCAM Unsuspecting Customers!”

  1. What a COINcidence.
    I was in a shop and someone was selling Merc dimes. She asked me what I thought. I looked at one and said that it is very nice. (AU at worst) possibly UNC.
    Then she asked what I thought that they were worth?
    The shop owner was standing there shaking his head like some kind of little kid.

    I honestly wanted to tell her, yet I maintained a proper etiquette (kind of wish I didn’t).

    I said they are worth what he (dealer) is willing to pay.

    After she had left, he told me not to speak with customers.
    I thought… whatever.

    Someone else came in while I was looking at stuff. And the lady wanted to know what the jewelry bracelet was because she thought it was platinum.

    He said it was silver. She questioned saying, “are you sure?”.
    I said… “there are ways to test it.” And he seemed annoyed because he had to do 10 seconds of work to test it.

    She left and he said that’s “a strike”.

    Jokes on him because I didn’t buy as much as I could have, nor will I go back there.

    It’s not my fault that he’s a lousy dealer with the personality of dirt.

    If I knew that he was going to be an Ahole, I would have offered the first lady more than what he was going to pay, which I am guessing $1.40 each… a total rip off for that grade of Merc even if it’s common date.

    He acted as if I was cutting into the deal or worse.
    Thing is… I have been there numerous times so I am no stranger to him… until now.
    I see that he is a type who would not offer a fair price for something of greater value and I am not down with that.

  2. I would be interested in your opinion, I stack and sometimes buy slightly higher premium coins, but I have been buying the Korean Coins Zi and Chiwoo’s maybe for 4-5 years, maybe 2-5 of each, but now that premiums are up there a bit (they are selling at dealers for 33 to36 ea) I am second guessing on continuing. I hate this, because I don’t really want to stop this far into the series 4-5 years now, but sort dislike the premiums… A lot of your buying and stacking strategies has very sound decisions, I would just be curious of your thoughts… Thanks!

  3. I’ll vouch for Coin and Bullion Reserve in Panama City, Florida. I’m a coin seller, not a bullion buyer, but I believe those guys are pros who play by the book, every single time. If I ever showed up with a phe nominally valuable coin, I think they’d call it to my attention. Hats off to the good guys!

  4. I would have called them out for the simple fact that if they were going to steal this woman’s silver, they would not be worthy of my business, also they wouldn’t have to ban me from the store, because I would not be returning anyway. Normally I would say to stay out of the business between dealers and other individuals, but this would be a deal breaker exception.

  5. Coin shops are dirty, I took my gold chain to the coin shop to exchange my chain for a silver brick. They told me it was ten karats and then said they wouldn’t put it in the machine to test the actual karats. I took the chain to a jewelry store and they said it’s was slightly over 14 karats and they bought it from me in a heart beat.

  6. I’ve never found a coin shop around me that I trusted. No offense. Every time I’ve gone into one I’ve been given a cold shoulder when asking for verification on an error I found or a very low price. Back in the early 90’s the grading companies wanted you to confirm your error and have the coin shop send the coin in as they didn’t except coins from regular people. I didn’t feel comfortable giving the coin to the shop to send in for me so I just kept it myself. Thankfully today you can send your own coin in now.

  7. I live in Sydney, Australia and my local bullion store tries to rip me and other customers off – even if it’s 1 single dollar, 1 dollar, they’ll do it.
    But since I know my stuff they never do it to me, I’ve seen them do it to other people many times. You have to have a ball park $$$ before you go in to the LCS.

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