
manic M.
I have been buying Rare Coins form a company called "Chris Innace Gold & Silver LLC" out of Long Island New York. via telephone
I have been purchasing Morgan Dollars graded PCI from my sales person Rob Cerase,and told they were the best investment in the market today.
Looking at all my invoices, I have spent over $325,000, my whole retirement savings. I went to a local dealer here in Florida and he appraised them at only $40,000
I was shocked and outraged when I got a similar quote from a 2nd opinion. I was told I made a mistake from purchasing these coins over the telephone. The dealer explained to me that these "boiler rooms" are notorious for overgrading and price gouging rare coins through telephone sales. Then when they get enough complaints they close down, move and set up shop in another town under a different alias.
I have called this company and they tell me the same thing everytime....the market is down right now. I ask for my sales person and I am told he is out of the office on an estate closing.
Not sure is I can do anything at this point, but I was wondering if anyone else here was duped like I was, and if you had heard of this company???