raymond g Mcz

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer

Bought some coins

beware i bought certified gold eagle ed moy signed sets 96152 dollars worth. which i now know they made 40 percent selling them to me.

Had them for a short while, which by their scale the value went up about 35 percent in value. Ask quote to sell them back and they priced them at 90000 dollars,which their profile on my account shows 120137 value. Come on make 40 percent profit selling,to me then buy back for less than what i paid for them. Give me a break.

They say you have to keep them so long for them to buy back for abetter price.

If you try to sell them to someone else they give you around spot price. Allof these big co.s are in on a scam BEWARE!

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Loss:
$6000
Pros:
  • Cant at this time
Cons:
  • Did not explain conditions fully

Preferred solution: Let the company propose a solution

User's recommendation: check before you buy research first

Leon S Woz

Co. claims they only recieved 1 of 2 gold coins I sold back

Wholesale Coins Direct - Co. claims they only recieved 1 of 2 gold coins I sold back

Sent 2 gold coins and Co/\. said only recieved one, said the opening of my package was videoed, I am asking for copy of the video, waiting for an answer, need to see if my shipment was insured.

Had been buying from this company for 3 years and first order I sold went fine. But a $1500.00 gold coin to be lost, I can't afford to loose that kind of money.

Next call to PD police and post office.

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Loss:
$1500
Pros:
  • Cant at this time
Reason of review:
Return, Exchange or Cancellation Policy

Preferred solution: Let the company propose a solution

Mehki Hlc

Quite professional

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I expercienced a quite professional interaction with this company.I bought gold and silver.The delays in receiving the products were because of transport

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Resolved
andrew w Kxs

Resolved: Stay away! they scammed me!

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Updated by user Jun 27, 2018

they said they would issue a refund. They do not appear to be scam artists at all. Not able to delete this!

Original review Jun 26, 2018

Order your metals elsewhere! The day before my metals are shipped, I get a call from their "security guy" Ryan Lowrey and within 1 minute he asks me for my social security and other information.

I asked him to verify who he said he was. He said he wouldn't answer any questions and then said he would cancel my orders if I don't comply. I immediately called their main line and told them about him. He then cancelled my orders and called my bank's fraud department, and they cancelled my debit card for absolutely no reason.

I asked Ryan to speak to his manager or whoever I can file a complaint, he said he was 2nd in charge and that he can do whatever he wants. I have not received a refund for the $500 dollar order. Stay Away From Them!

Silver spot price rose dramatically after my order was placed, I am convinced they did this because they weren't making any profit. Order your metals elsewhere!

View full review
Loss:
$500
Reason of review:
Poor customer service

Preferred solution: Full refund

2 comments
Guest

You should have file a dispute with your bank, and you would have definitely gotten your money back.

Guest

After reading other "scam" reports about Wholesale coins I believe they tried to scam me as well. I order from them today however they contacted later in the day and told me there was a hold on my order as they needed more information to verify my identity and address.

They asked me to give them the last 4 digits of my social security number and verify my address so they could verify me,?? I did give them this however they called back and told me that they could not verify me as living at my address. I own my home and have been living in it for 21 years there is no way anyone could not verify that. I was told that I could either give them my entire SSN or do wire transfer from my bank.

I refused to give them my SSN. I called my bank about the wire transfer and they told me I was being scammed, as they had been seeing this fraud happening regarding coin purchases. They told me they would not issue a wire transfer to this company and advised me to call my CC company and report it as a fraudulent charge which I have now done.

Luckily the charge was still "Pending" on my CC account so no money had been transferred, and they are sending me a new card and with new account number. Stay away from this company.

View more comments (1)
Robert S Aoj
map-marker Quincy, Massachusetts

So far they suck. My emails to them have been blacklisted as spam and the password they give me to get into my account doesn't work so I'm thinking I'll contact the Attorney General in Austin Texas.

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I ordered two Morgan Dollars on September 20, 2018 and got an email that it would take up to 14n days to process my order. Seriously.

Had I known this would actually happen I would have ordered from either Amazon or Littleton Coins in New Hampshire. They suck. My emails to them have been blacklisted as spam and when I try to get into my account the password they give me doesn't work and I'm not happy. This is a blemish on the great State of Texas.

I have called and left messages. Use a different source for old coins and precious metals as they don't seem up to the task.

View full review
Loss:
$126
Reason of review:
Poor customer service

Preferred solution: Deliver product or service ordered

David G Hqi

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer

Buyers Beware - Ripped off by Wholesale Coins Direct

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I ordered a 5 silver coin lot of Star War Coins from Wholesale Coins Direct at the cost of 106.35. They were shipped by Fedex and left with no signature required at a back porch door on Feb 19, 2018.

I never received them. I filed a police report as Wholesale Coins Direct requested me to do, and filed that report with both them and Fedex. I was then told by Wholesale Coins Direct that their "investigation" would take three months. I have now been told to take it up with Fedex.

Fedex has referred me back to Wholesale Coins Direct. These shipments are supposed to be insured.

Neither business will take responsibility for this lost shipment.

I have filed on both businesses now with the BBB, but it looks like I am just out of $106.35 with no one taking responsibility for the lost order. Beware both these businesses.

View full review
Loss:
$106
Pros:
  • Advertised price
Cons:
  • I never received my order
Reason of review:
Problem with delivery

Preferred solution: Full refund

2 comments
Aayansh Wqg

Hi ProbableSpadefootToad,We sincerely apologize for the hassle of the missing package and the back and forth between FedEx and Wholesale Coin Direct. We have replaced your order and should have arrived yesterday, Thursday 4/26/18.

Please reach out to us if this replacement shipment did not arrive. (800) 694-3518Thank you,Wholesale Coins Direct

Guest
reply icon Replying to comment of Aayansh Wqg

High WCD, I got the replacement order today. Thank you.

I am not impressed that I had to go to the BBB for help and file complaints against you to get my replacement order.

I would have had a much higher respect for your company had you simply honored your own terms and not caused all the extra hassle.I am very satisfied with the coins. I may be back to do business with you, but will make sure I specify signature required on all orders placed with you,David Bunn

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Hawthorne Jnd

Worst Company I have ever dealt with.

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I ordered several bars of gold from their on-line site. Upon completion and payment the webpage didn't take me to a receipt page or shipping info.

Therefore I was concerned and called the company. The first lady I spoke with was polite and promised she would send a copy, but informed me that it won't ship for 14 days. I asked why the purchase process never informed me of this and it seemed sketchy and I was concerned. She said she could transfer me to Greg my rep.

He was Horrible, and had no customer service and he called me rude and other things. He was the kind of person I would never do business with. I asked to speak to his supervisor and he said he was busy. Then I got an email saying they canceled my order.

Since I purchase about $50k a month in gold I really didn't care and completed the purchase seamlessly with another company.

While this complaint may not cost them additional business I will continue to tell everyone I do business with about what a horrible company they are. When you berate and belittle your customers due to your lack of business ethics you don't deserve to succeed.

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Cons:
  • Representative was rude and nasty
Reason of review:
Rude, nasty Representative

Preferred solution: People are amde aware of the horrible treatment

6 comments
Guest

anything less than 5 stars is a big red flag when dealing with a company where the customer has no recourse

Guest

I have been working with Greg for over a year, I have made multiple transactions with Wholesale Coins Direct and never had a single issue with shipping, product or pricing. I have spent well over 150k with the company and Greg , i am completely satisfied with the service ship time and all of my products. The recommendations Greg has made have been perfect and I couldn't ask for a better Advisor !

Guest
reply icon Replying to comment of Guest-1494330

This is the same person as below. Read the similarities in the grammar and sentence structure. Fake Comment

Guest

I have been working with Greg for years, I have made multiple transactions with Wholesale Coins Direct and never had a single issue with shipping, product or pricing. I have spent well over 250k with the company and Greg , i am completely satisfied with the service ship time and all of my products. The recommendations Greg has made have been perfect and I couldn't ask for a better Advisor !

Hawthorne Jnd
reply icon Replying to comment of Guest-1478780

If that’s true and you not actually Greg then why not say who you are? Fake comment

Guest
reply icon Replying to comment of Hawthorne Jnd

R. I .crazy he's bought some from them .they mini micro chip.all coins and bars ir they know who he is they'll blow up his gold n silver and destroy it. Have you x.rated your buys and killed the chips .shots like cancer.

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Evans Agu

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer

Wholesalecoindirect Fraud by deception!

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I purchased coins from Wholesale coins Direct based on what I was told by their sales representative and expected that my investment would be returned to me plus profit as long as the coins increased in value. According to my portfolio my investment has yielded a profit of $23,969.26 to date.

My sales person has left the company and has been replaced by someone named Gregg which I feel less than confident in his ability and does not communicate well does not return calls and or follow up after telling me he will get back to me. I have decided to liquidate my portfolio and I am being told by Gregg that I am going to take a loss on my investment of $89,674.96. With only the explanation that I am liquidating too soon. This is simply theft by deception.

I want my initial investment returned to me in whole and I expect the profit shown in my portfolio of 23,969.26 less 18% which is 4314.47 returned to me. I have been buying gold silver and coins from them for 2 yrs, this is the first time I tried to liquidate any of my assets and this is how they treat there valued customers. Buys beware, they suck you in by there buy back garantee but in reality they only care about your money staying in their greedy pockets.

I have filed a complaint with the Texas BBB and I will be discussing this with the FTC which governs their license to sell along with other actions. Do not buy from them if you expect to ever see your money again.

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8 comments
Guest

thank you for the warning

Guest

it is naïve of anyone to accept a guarantee of a profit on anything, especially something volatile like precious metals... sorry to hurt your feelings

Guest
reply icon Replying to comment of Guest-1614669

I didn’t expect to see a profit unless my purchases increased in value, which they did. How can my purchase show a significant profit and they claim I will suffer a loss if I cash out? Not nieve other than picking wholesale as my vendor

Guest

Still not resolved!

They made an offer to settle at a 60k loss on my investments even though all of my investments have increased in value.

It’s being reviewed by the FTC for further action.

I most likley will sell my investments on my own and eventually I hope to at least break even.

Guest

That’s weird Mr. Riddle.

I made multiple investments with Wholesale Coins and as long as you hold onto them for 3 years you will receive your initial investment back plus some. My rep Greg explained that I had to hold onto the coins for a 3 year minimum to dry supply up and watch the price increases.

Sounds like the rep you were working with that left didn’t do a good job explaining that. I love wholesale coins

Guest
reply icon Replying to comment of Guest-1414250

How many of your investments you have with them have actually paid off with profit?

Guest
reply icon Replying to comment of Guest-1414254

The 10 gold American eagles sets I purchased in 2014 that hit the 3 year mark in 2017 I sold back. My initial investment was $45,000 ($4500 each) after the 3 years they were valued at $8150 each.

After they did all the work and sold them for me and after the 18% consignment fee I received $66,830 dollars back. They are a great company just sounds like your original rep did not explain to you about the buy back policy. Greg spent a lot of time explaining to me how it worked and told me I could sell before the 3 years but I would receive a bid price not the ask price on the coins.

I’ve done a lot of business with these guys and will continue to do so. This is just one example I have.

Guest
reply icon Replying to comment of Guest-1414295

I stand corrected I meant the 2013 gold eagle sets. I have the 14s as well.

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Anonymous

Good Deal

Hey , I have purchased from Wholesale Coins Direct. No problem at all- shipping was a little slow- will buy again ***

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Shaunna Usn
map-marker Orlando, Florida

No quality of thier precius metal and dont care about customers

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Wholesale Coins Direct - No quality of thier precius metal and dont care about customers

I was buying two metals one been gold pamp ,been out of envelope, second I bought Opm silver one kilo bar look like clay color of silver is white , I wanted to return it to them they said I have to pay shipping and handing which cost me $35 with USPS , because I have to put insurance on it , I am in same town Austin, Texas wholesale coin direct the office is in same town they didn't want I drop it off in their office , I recommend do not buy from their because precious metals with no quality and out of envelope, even I spoke with two employees the second employee josh been angry and told me I have to stop talking with you because you wanted put negative in internet , wholesale coin direct doesn't care about their customers ,their prices are too high and with no quality , I will not give my business to them never ever , If you like your money purchase from somewhere else

View full review
Loss:
$780
Reason of review:
Poor customer service

Preferred solution: Let the company propose a solution

1 comment
Guest

They never solved the issue, ripped off customers

Anonymous
map-marker Rochester, New York

Harassment

Once upon a time I was a customer of this company I had one order recorder it arrived and one coin was out of the envelope it was no big deal I called offered in this information went about my business I've been found gold dealers cheaper decided to go with them host of coins direct retaliated against me for this move they have her ask me daily every single day with prank calls and emails promising $5 off there already free shipping these people are *** do not shop from them if you do not continue shopping for them they will harass you until you do

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1 comment
Guest

Can I ask which gold dealer is cheaper than wholesalecoins? Thanks.

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