Report: #1004776

Complaint Review: First federal

  • Submitted: Mon, January 28, 2013
  • Updated: Mon, January 28, 2013
  • Reported By: Pat — spotwood New Jersey United States of America
  • First federal
    14101 south cross dr
    burneville, Minnesota
    United States of America

First federal Gov mint ,First federal preferred played on the fears of the economy and how theses coins and sets where a rare and worthwhile investment burneville, Minnesota

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   After reading a rip off report on first federal coin or gov mint  or preferred or what ever they currently call them selves ,I had to share how they got me too . They advertise w many financial news letters w big glossy photos and well worded write ups then after a few "normal purchases" you get the "Well I dont know if this is in your price range but we have this amazing set ONLY  #### of them made  and graded in ms 69 or ms 70 .Example 2 oz gold koala coin from the perth mint graded pf 70 only 200 minted (yeh every year ) $ 9000 , or the Japanese panda coins  5 coins  almost 2 oz of gold graded ms 69 that heritage auctions wanted to buy all they had at their selling price. I cpurchased this set a year later (or less) I called heritage to inquire about their interest in these and although they where interested it wasnt any where near the price I was told . Heritage said they would love to have it for around 50 % less than what I paid . After contacting  first fed about this concern they where willing to take back that set but none of the many others that I purchased and will lose at least 60 % on .although the company probably gave the sales man  Frank Driver a pat on the back for making the sale, this "Great Investment " according to them , will take the money I (a blue collar construction worker ) have struggled to save and waste it on something I will NEVER get my money back from. They lie and pressure  the sale  making you believe that there is gold at the end of the rainbow.WELL THERE ISN"T it's just a bottomless pit that will never be filled no matter how many of us hard working people  they screw.     Hat's off first fed  ya got me !
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