• Report: #1123516
Complaint Review:

Blanchard and Company

  • Submitted: Fri, February 14, 2014
  • Updated: Fri, February 14, 2014

  • Reported By: Tony — bogalusa Louisiana
Blanchard and Company
New 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/reports/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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