Report: #1107808

Complaint Review: GovMint - Burnsville Minnesota

  • Submitted:
  • Updated:
  • Reported By: Bob G. — Kennebunk Maine
  • Author Not Confirmed What's this?
  • Why?
  • GovMint 14101 Southcross Drive,Burnsville.Minn Burnsville, Minnesota USA

GovMint First Federal CoinPreferred Customer Club overcharged by150%,in some cases by300% for coins that were not as valuable as they stated Burnsville Minnesota

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..


After getting my phone number from sister company STAUER where I had previously placed orders for jewelry in1209,A slick salesman whose name I cannot remember contacted me by phone about investing in rare coins.I had a little nest egg saved up and he talked me into investing inthese coins.

Over the next two years, he would call me  when he had various coins to sell.I spent about $3020.00 for coins that I recently found out are worth $11,00 to maybe 12,000 dollars from a highly reputable firm.When I told them where I bought the coins,they said they pretty much knew who cond me.I have since found multiple review sites that had the same comments that they were less than honest.

The strange thing is I sent a complaint thru Better Business Bureau (who gave them a A- rating,and guess where that bureau,Stauer,and First Federal Coin are located,all in the same town in Minnesota.First Federal Coin has recently changed the company to GovMint.I wonder why?

There is a organization called the Collectors Society which is a large group of numistic collectors which really  opened my eyes.Members on their site had nothing good to say about them,some even calling them crooks.

When I contacted BBB of Minnesota,they would not tell me what the final dispostion was of their most recent complaint filed this year.Incidentally,they had 17 complaints against First federal coin in the past 2/3 years.Yet they gave them a A- rating.

I got a phone call from the sales manager of the now called GovMint company and he said he would send me a quote by mail icluding a offer to buy my coins back fro me(including a restocking fee of 30% for my coins.I have yet to hear from them and its been two weeks).


The salesman never put his name on any correspondence to me,never sent me a business card with his name.Everything was done by phone.



Kennebunk,ME 04043


This report was posted on Ripoff Report on 12/17/2013 05:52 PM and is a permanent record located here: https://www.ripoffreport.com/reports/govmint/burnsville-minnesota-55337/govmint-first-federal-coinpreferred-customer-club-overcharged-by150in-some-cases-by300-1107808. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.

What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

Segment Now