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.

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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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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