An area coin shop had a few 10th oz gold eagles selling for what the online shops were buying for. Being new to this, I just browsed, asked a few questions and walked away.
A little Googling turned up that the owner was busted for selling fake coins and autographs...along with dealing in other various illegal activity.
The shop looks like any other coin shop. The owner just happens to be crooked.
I have no idea if the eagles were genuine, as I didn't have my calipers and scale with me.
I don't mean to bash local shops. Just but be sure to stay vigilant out there.
Local coin shop -- owner busted
Moderator: Global Moderator
Re: Local coin shop -- owner busted
I'm surprised he's still in business. 
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: Local coin shop -- owner busted
Do your civic duty and report this buttwipe.fmsailor wrote: An area coin shop had a few 10th oz gold eagles selling for what the online shops were buying for. Being new to this, I just browsed, asked a few questions and walked away.
A little Googling turned up that the owner was busted for selling fake coins and autographs...along with dealing in other various illegal activity.
The shop looks like any other coin shop. The owner just happens to be crooked.
I have no idea if the eagles were genuine, as I didn't have my calipers and scale with me.
I don't mean to bash local shops. Just but be sure to stay vigilant out there.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Local coin shop -- owner busted
He's already been tried and convicted on the fraudulent dealings issue. Was sentenced but is out on bail pending appeal. Supposedly he's still dealing in the business out of state and the store is still open with another person manning the counter.
However, he's currently working through the legal system on a new set of charges. He'll most likely do time if convicted.
They were packing crap in boxes when I was in there. I'm sure the reputation is well known in the area.
However, he's currently working through the legal system on a new set of charges. He'll most likely do time if convicted.
They were packing crap in boxes when I was in there. I'm sure the reputation is well known in the area.