- Report: #1123516
Report - Rebuttal - Arbitrate
Complaint Review: Blanchard and Company
Blanchard and CompanyNew Orleans, Louisiana USA
Blanchard and Company Chuck Bloomenfield Sold me MS63 $10 Indian Certified coins in 1993. 10 ea. @ $ 1650 per coin. Far above market. New Orleans Louisiana
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On june 16, 1993,Blanchard and company sold me, Gilbert D, ten ms63 $ 10 Indian Certified gold coins at $ 1650/coin. I was a first time buyer of gold and believed the salesman, Chuch Bloomfield. I bought ten of these coins. He said, over time if gold prices go up, these coins would go up exponetionally--up to 2 to 3 time value. Gold was selling for about $ 300 an ounce at this time. Gold went up to close to $ 2000 an ounce and these $ 10 Indian ms63 at buy back never got better than about $ 1400 per coin. The company lied about the value in 1993 and really lied about the potential. Buy 1 oz of gold from these liars on monday at $ 1400 an oz and the best you get a buy back for on tuesday is about $ 1200. Try it ! If you believe their gold story, be prepared for a ripoff. I will never buy gold from these liars again.
This report was posted on Ripoff Report on 02/14/2014 07:02 AM and is a permanent record located here: http://www.ripoffreport.com/r/Blanchard-and-Company/New-Orleans-Louisiana-70161/Blanchard-and-Company-Chuck-Bloomenfield-Sold-me-MS63-10-Indian-Certified-coins-in-1993-1123516. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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