- Report: #742977
Complaint Review: First Federal
| First Federal 14101 Southcross Drive West,Burnsville, MN, 55337
Burnsville, Minnesota United States of America |
|
First Federal Preferred Customer Club Highly Inflated Prices Burnsville, Minnesota
*Consumer Comment: First Federal Burnsville, MN AKA GovMint.Com
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assured by their salesman, Bob Allison, that the coins he sold me were the most wanted, most
limited editons, highest quality proof 69, or 70, ultra cameo. and how fortunate I was to be able to buy them.
Every 5 to 6 months he would call me with another amazing set of coins. Like a sheep to the slaughter I fell for several of them, upto a total purchase value of $80,000 by spring 2011. Then came the shock of selling them.
I contacted Don Gause at Americal Federal and he offered me 30 to 40% of my purchase price. I also called Heritage Auction and got a slightly higher, but contingent on what the auction would bring. I checked a few other places with my inventory list, but they did not even respond. I finally sold all my coins to Dave Gause, who picked them up and paid cash on the spot.
Premiums of 150% , I bought a Shipwreck Coin for $3955 and could only sell it for $100 . Bob Allison is very good at selling these, but First Federal refused to buy them back at 75% of my purchase price.
This report was posted on Ripoff Report on 06/20/2011 10:50 AM and is a permanent record located here: http://www.ripoffreport.com/r/First-Federal/Burnsville-Minnesota-55337/First-Federal-Preferred-Customer-Club-Highly-Inflated-Prices-Burnsville-Minnesota-742977. 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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First Federal Burnsville, MN AKA GovMint.Com
AUTHOR: Gary - (USA)
SUBMITTED: Monday, December 05, 2011

