Better Business Bureau Complaints
The Better Business Bureau (BBB) has received no less than 16 complaints against Nationwide Coin & Bullion over the last 3 years, 4 of which were in the last year alone. The company is not BBB accredited and does not have a rating, which could indicate that the BBB may be actively investigating it.
Apart from that, customer reviews on sites like Trustpilot paint a mixed picture, with only a handful of “customers” reporting excellent service but many others describing what can only be described as a Nationwide Coin And Bullion Reserve scam: deceptive sales tactics, rude staff, and unnecessary shipping delays.
Legal Issues
Nationwide Coin & Bullion has also run into problems with the law, including a recent court case in Texas. In 2021, the Texas Court of Appeals ruled against the Nationwide Coin And Bullion Reserve scam in a case involving allegations of deceptive sales tactics and misrepresentation of precious metal prices.
The court found that the company had engaged in false, misleading, and deceptive practices, and ordered it to pay significant damages to the customers involved.
Misleading Sales Tactics Uncovered
The Texas court case also revealed that Nationwide Coin & Bullion regularly misrepresented the prices of precious metals to customers, often quoting inflated prices and failing to disclose the real market value of their products.
The company was also found guilty of having used high-pressure sales tactics, for example, making false claims about the rarity or investment potential of certain coins, to convince prospective buyers to part with their money. There are no other words to describe this than a Nationwide Coin And Bullion Reserve scam.
Ongoing Regulatory Scrutiny
The company has further been investigated by other regulatory bodies, including the Better Business Bureau. The latter has received large numbers of complaints about the firm’s business practices.
If you believe that you have been the victim of coin fraud, you are welcome to visit our website at www.coinfraud.com. Or call us right now on 409-880-9714 to speak to one of our coin fraud lawyers.
