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

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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