Resolved
Elizabeth N Fyi
map-marker Santa Monica, California

Resolved: RIPPED OFF BY WHOLESALE DIRECT METALS

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Updated by user Aug 08, 2019

After speaking to several of the associates, one gentleman explained to me how my previous coins were sold back and showed me the date and website used to make that change. Now that I understand how they did it, I feel much better about the exchange. They had been honest from the beginning but I didn't understand how it was done and the way I figured it was incorrect.

Original review Aug 06, 2019

WARNING: Don't fall for the line Trump wants us to change foreign coins into American coins.

WARNING: I was recently called from the Santa Monica WDM office and was told that Trump wanted people to change foreign coins into American coins. I was told it would not change the value of my IRA portfolio and there would not be a charge to make the change.

WARNING: DO NOT DO THAT! They charged a $15,000 fee to make that change after telling me there would be no charge and now my IRA is worth $15,000 less. I am appauled that they would do that and lie to me on the phone.

I have demanded the restoration of my account and will sue if that is not done. I haven't met an honest metal trader yet.

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Loss:
$15294
Cons:
  • Lying to customer
Reason of review:
Lying to me on the phone to get me to make a change in my account after being reassured that the value of my account would not change.

Preferred solution: Full refund

Anonymous
map-marker Orlando, Florida

Website Review from Orlando, Florida

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LVP CASE ID 16-KC0018—DECISION SUMMARY

Complainant, Wholesale Direct Metals, Inc. (“Metals”), submitted a complaint in accordance with the Legitimacy Verification Program (“LVP”). The complaint alleged that Post ID 852738 and Post ID 877564 (the “Posts”) contained statements in violation of Section 2 of Pissed Consumer's Terms of Use. The Posts’ authors were offered the opportunity to respond to the complaint, as provided in LVP Rule 9. The materials submitted by the parties constitute the LVP Record.

Having considered the LVP Record, the Third Party Neutral finds and holds as follows:

With respect to Post ID 852738 dated May 23, 2016, it is more likely than not that the factual statements and innuendo in the Post are defamatory and inaccurate, and that the post does not report the experience of an actual consumer of the Complainant’s services, and therefore, the post violates Pissed Consumer's Terms of Use. Accordingly, Post ID 852738 found at https://www.pissedconsumer.com/company/wholesale-direct-metals/not-wholesale-prices-heavily-scratched-coin-201605****2738.html should be removed in its entirety and the URL should be changed to remove reference to the Complainant. Additionally, Complainant requests that the title of Post ID 852738 be changed to remove all reference to Complainant’s name; to the extent that this may be accomplished within technological limitations, it should.

With respect to Post ID 877564 dated July 06, 2016, it is more likely than not that the factual statements and innuendo in the Post are defamatory and inaccurate, and that the post does not report the experience of an actual consumer of the Complainant’s services, and therefore, the post violates Pissed Consumer's Terms of Use. Accordingly, Post ID 877564 found at https://www.pissedconsumer.com/company/wholesale-direct-metals/wholesale-direct-would-not-honor-there-online-price-201607****7564.html should be removed in its entirety and the URL should be changed to remove reference to the Complainant. Additionally, Complainant requests that the title of Post ID 877564 be changed to remove all reference to Complainant’s name; to the extent that this may be accomplished within technological limitations, it should.

Dated: February 5, 2017
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Reason of review:
Pricing issue
1 comment
Guest

*NOTICE OF COMPLAINT*

Please take notice that complainant initiated a Complaint against this Post due to alleged violations of Pissed Consumer’s Terms of Use (http://www.pissedconsumer.com/tos.txt) pursuant to Pissed Consumer’s Legitimacy Verification Program. To receive a copy of the Complaint send an email that includes the review number for this Post to lvp@***.com requesting a copy.

You, the Poster, have a right to respond to the Complaint to establish the truth of the Post’s statements. If you intend to respond, you have 20 days from the date this Notice was posted to answer the Complaint. The Answer Form (https://s3.amazonaws.com/pissedconsumer/legal/LVP+Answer+Form.p df) must be submitted to lvp@***.com within 20 days of the date this Notice was posted. Failure to submit an Answer within 20 days waives your right to participate in the Legitimacy Verification Program as to this particular Complaint.

All Legitimacy Verification Program disputes are decided by an independent attorney who is not an employee of Pissed Consumer and whose firm has contracted with Pissed Consumer to provide attorneys who will serve as Third-Party Neutrals in conformity with the rules of the Legitimacy Verification Program. Pissed Consumer WILL NOT reveal your identify or email address to Wholesale Direct Metals, Inc.

without your express consent or pursuant to a subpoena or court order. For more information regarding the Legitimacy Verification Program, please refer to the program’s rules found at http://www.pissedconsumer.com/static/legitimacy-verification-programrules- and-conditions.html.

Anonymous
map-marker Coram, New York

Wholesale Direct Metals Morgan Coin Review from Coram, New York

LVP CASE ID 16-KC0018—DECISION SUMMARY

Complainant, Wholesale Direct Metals, Inc. (“Metals”), submitted a complaint in accordance with the Legitimacy Verification Program (“LVP”). The complaint alleged that Post ID 852738 and Post ID 877564 (the “Posts”) contained statements in violation of Section 2 of Pissed Consumer's Terms of Use. The Posts’ authors were offered the opportunity to respond to the complaint, as provided in LVP Rule 9. The materials submitted by the parties constitute the LVP Record.

Having considered the LVP Record, the Third Party Neutral finds and holds as follows:

With respect to Post ID 852738 dated May 23, 2016, it is more likely than not that the factual statements and innuendo in the Post are defamatory and inaccurate, and that the post does not report the experience of an actual consumer of the Complainant’s services, and therefore, the post violates Pissed Consumer's Terms of Use. Accordingly, Post ID 852738 found at https://www.pissedconsumer.com/company/wholesale-direct-metals/not-wholesale-prices-heavily-scratched-coin-201605****2738.html should be removed in its entirety and the URL should be changed to remove reference to the Complainant. Additionally, Complainant requests that the title of Post ID 852738 be changed to remove all reference to Complainant’s name; to the extent that this may be accomplished within technological limitations, it should.

With respect to Post ID 877564 dated July 06, 2016, it is more likely than not that the factual statements and innuendo in the Post are defamatory and inaccurate, and that the post does not report the experience of an actual consumer of the Complainant’s services, and therefore, the post violates Pissed Consumer's Terms of Use. Accordingly, Post ID 877564 found at https://www.pissedconsumer.com/company/wholesale-direct-metals/wholesale-direct-would-not-honor-there-online-price-201607****7564.html should be removed in its entirety and the URL should be changed to remove reference to the Complainant. Additionally, Complainant requests that the title of Post ID 877564 be changed to remove all reference to Complainant’s name; to the extent that this may be accomplished within technological limitations, it should.

Dated: February 5, 2017
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Reason of review:
Damaged or defective
1 comment
Guest

*NOTICE OF COMPLAINT*

Please take notice that complainant initiated a Complaint against this Post due to alleged violations of Pissed Consumer’s Terms of Use (http://www.pissedconsumer.com/tos.txt) pursuant to Pissed Consumer’s Legitimacy Verification Program. To receive a copy of the Complaint send an email that includes the review number for this Post to lvp@***.com requesting a copy.

You, the Poster, have a right to respond to the Complaint to establish the truth of the Post’s statements. If you intend to respond, you have 20 days from the date this Notice was posted to answer the Complaint. The Answer Form (https://s3.amazonaws.com/pissedconsumer/legal/LVP+Answer+Form.p df) must be submitted to lvp@***.com within 20 days of the date this Notice was posted. Failure to submit an Answer within 20 days waives your right to participate in the Legitimacy Verification Program as to this particular Complaint.

All Legitimacy Verification Program disputes are decided by an independent attorney who is not an employee of Pissed Consumer and whose firm has contracted with Pissed Consumer to provide attorneys who will serve as Third-Party Neutrals in conformity with the rules of the Legitimacy Verification Program. Pissed Consumer WILL NOT reveal your identify or email address to Wholesale Direct Metals, Inc.

without your express consent or pursuant to a subpoena or court order. For more information regarding the Legitimacy Verification Program, please refer to the program’s rules found at http://www.pissedconsumer.com/static/legitimacy-verification-programrules- and-conditions.html.

Anonymous
map-marker Chicago, Illinois

Got what I ordered at reasonable price and delivery as scheduled

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Recently, I purchased a number of silver eagles from WCD. No problems at all.

The coins were all properly packaged, were as described BU uncirculated and delivered as scheduled. Had absolutely no problem with talking to the representatives of this firm. I have been collecting silver eagles for a long time and have purchased from several other firms as well.

WCD is among the best overall and their prices were firmly compeitive. I would have no problem orderingfrom this firm in the future

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Reason of review:
Reliable warranty
Anonymous
map-marker Bayou Gauche, Louisiana

Wholesale Direct Metals - Canada Silver Polar Bear And Cub Bu Coin Review from Bayou Gauche, Louisiana

I just made $10,000. Purchase with no problems.

My metals arrived as stated.

I would recommend Wholesale Direct Metals. When reading reviews make sure it's the same company

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Reason of review:
Fast order processing
2 comments
Guest

I made a large purchase of the Canadian Polar silver coins. Everything went as discussed and things could not have gone smoother.

I then did a rollover into a Tradiotional IRA, again, Canadian Polar Bear and Cub, silver and gold coins.

Once again everything was handled very professionally and not one glitch! I couldn't be happier with their service.

Guest

Being a foxnews nut, I became interested in moving bank money into something better than the screw job I was feeling getting lest than 1% on the few bucks they kept for me. After their advertisements regarding gold & silver, I went online and found Wholesale Direct Medals and requested info.

Richard contacted me and shot stuff to down the line and my slow mind was open to a whole new ball game that was real easy for this slow old brain of mine could easily grasp.

I got a size-able batch of gold & silver bear & cub coins and my Kids and grand kids are converting their 401k's to gold. Thank you so much, Rick and I am sorry my medical discomforts hindered my doing this for nearly a year.

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Patrick G Tuh
map-marker Los Angeles, California

Wholesale Direct Metals Provided My Best Experience in Gold Buying

This was my first time buying gold from Wholesale Direct Metals. I've purchased gold from three other metals dealers over the past four and a half years, and I have to say, Wholesale Direct Metals was my best experience so far.

First of all, I'm a huge fan of keeping a portion of my savings in gold for any number of political and economic reasons. I think the articles on Wholesale Direct Metals' website really nail it. That's what kind of got my attention at first so I gave them a call. I told them about my previous experiences with other gold companies and the Wholesale Direct Metals guy was a straight shooter.

I ended up buying some St. Gaudens. I've bought them in the past and have done well with them. Of course, I had done a search for Wholesale Direct Metals complaints, and I saw they had solid reviews at Trustlink, Better Business Bureau, etc.

So I decided to go with them.

Definitely the best experience I've had. Will definitely do business again.

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2 comments
Charles S Ozz

Patrick, thanks for the post. I saw your post after talking with Wholesale Direct Metals myself.

I always search for complaints when I'm thinking about doing business with a company. Nice review. I ended up getting British Sovereigns at a really good price. I was impressed by the articles on the site, too.

Finally some logic and common sense!

Really good guys to do business with. I'd definitely recommend Wholesale Direct Metals.

Guest
reply icon Replying to comment of Charles S Ozz

sanersonson, I couldn't agree more with your review. I called an 800 # to request some free info about investing in silver.

We had bought a few silver junk coins in the past, but we're ready to buy some pure silver coins. Somehow I was connected with their Director of Trading. Wow, was I lucky. This guy not only knew the market but was able to beat Lear Capital by several dollars per coin.

He was not only pleasant and a pleasure to do business with, he was was the most knowledgeable person I have talked to about investments in precious metals. This guy was terrific in handling what I am sure was a very small investment, compared to the others he handles on a daily basis.

But, he treated me as if he were investing for a family member.

I cannot say enough about how happy I am to have found this company and most importantly the person that helped me. We are working now to do a rollover from a lump sum pension.

I trust this company to come through with the most honest and solid information I could have possibly have gotten from any other company.

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goldinsider
map-marker Santa Monica, California

Wholesale Direct Metals - Coin Review from Santa Monica, California

LVP CASE ID 16-V0013—DECISION SUMMARY

On June 10, 2016, in accordance with the rules of the Legitimacy Verification Program (“LVP”), a complaint was submitted against post #367538. The complainant alleged that post #367538 violated Pissed Consumer’s Terms of Use. The notice of complaint was posted to the post on July 4, 2016. On July 5, 2016, a copy of the complaint was sent to the email address provided by the poster. The poster failed to answer the complaint within the required 20 days. Accordingly, this decision was reached based upon the post, the complaint, and supplemental information received from the complainant (“LVP Record”).

Pursuant to LVP Rule 11, the third-party neutral recommends that the post # 367538, dated December 15, 2012, be removed in its entirety and that the title of the post be changed to remove any reference to Complainant, because it is more likely than not that the post, including the title, violates Pissed Consumer’s Terms of Use.

Dated: August 12, 2016
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1 comment
Guest

*NOTICE OF COMPLAINT*

Please take notice that Complainant has initiated a Complaint against this Post due to alleged violations of Pissed Consumer’s Terms of Use pursuant to Pissed Consumer’s Legitimacy Verification Program. To receive a copy of the Complaint send an email that includes the review number for this Post to lvp@***.com requesting a copy.

You, the Poster, have a right to respond to the Complaint to establish the truth of the Post’s statements. If you intend to respond, you have 20 days from the date when this Notice was posted to answer the Complaint. The Answer Form (https://s3.amazonaws.com/pissedconsumer/legal/LVP+Answer+Form.pdf) must be submitted to lvp@***.com within 20 days of this Notice was posted. Failure to submit an Answer within 20 days waives your right to participate in the Legitimacy Verification Program as to this particular Complaint.

All Legitimacy Verification Program disputes are decided by an independent attorney who is not an employee of Pissed Consumer and whose firm has contracted with Pissed Consumer to provide attorneys who will serve as Third-Party Neutrals in conformity with the rules of the Legitimacy Verification Program. Pissed Consumer WILL NOT reveal your identify or email address to Complainant without your express consent or pursuant to a subpoena or court order.

For more information regarding the Legitimacy Verification Program, please refer to the program’s rules found at http://www.pissedconsumer.com/static/legitimacy-verification-program-rules-and-conditions.html .

LVP ID: 16-v0013

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