Investment disputes can arise in the purchase and sale of collectible “numismatic” coins. Buffington Law Firm’s investment dispute litigation team has successfully tried numerous cases involving investment fraud. In last week’s Blog article we began a discussion of investment fraud in the context of collectible coins and precious metals.
As discussed in last week’s Blog article, there is a tremendous difference as between investing in pure bullion investments such as American Gold Eagles or South African Kruggerands on the one hand, and collectible coins on the second hand. The latter tend to be far more speculative, and far less liquid and more difficult to sell. And therein lies the problem.
Some sellers of collectible coins represent themselves to the public as “trusted investment professionals” (or similar descriptions) to whom investors can turn for help in making investment decisions.
Later, an investor may discover that his or her numismatic coins could only be sold at about a thirty percent loss from what was paid — a typical bid-ask spread as between what dealers sell these coins for, and what the public pays for them. A more inappropriate investment for many people, such as an elderly person on a fixed income, is almost impossible to imagine.
The lesson here is that if you have been victimized by negligent investment advice, whether in the context of precious metals, collectible coins, or other investments, you may have rights that Buffington Law Firm’s investment dispute team can assert on your behalf. Call us today for a no-obligation free legal consultation in which you will speak directly to a qualified and experienced attorney. In this meeting we will evaluate your case and advise you of your rights.