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In this edition we have provided you information on "Investing in Collectible Coins" and "10 Tips to Avoid Rare Coin Scams".

 

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Cadfael Investigative Group will help keep your money safe from scammers.

 

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Thomas M. Rucke, President
Cadfael Investigative Group, Inc.

Investing In Collectible Coins


Some people invest in collectible coins because the value of many collectibles exceeds their face value as well as their melt value. Experts in this field refer to collective value as "numismatic value," which is determined by various factors such as the type of coin and where and when it was minted. These are referred to as the coin's condition or grade.

 

Some scammers specialize in rare coin fraud schemes and preying on senior citizens. They often work in large telephone rooms, called boiler rooms, contacting senior citizens to offer them a hedge against their fear of suffering through another Great Depression. Yes, many of our senior citizens experienced the pain and despair of the Great Depression.

 

After a few pleasantries, the scammer will ask the senior, "Do you know the worst thing that you can face now?" He continues, "Outliving your money" or he might say "Having your children suffer as you did in the depression. You can invest now in coins to give your children a hedge against the next Depression." Some serious coin collectors sometimes see significant returns on their investments. The scammer will tell the senior about... Read More  

 


10 Tips to Avoid Rare Coin Scams

 

If you are seriously considering investing in collectible coins, take the time to get to know the person and the business selling the coins to you. Be careful! It is very difficult to identify fraudulent sellers of rare and cullion coins because they often look and act like legitimate dealers. The fraudulent may live and travel in the same cultural circles. Your best scam-prevention strategy is to learn as much as you can about the coins you want to buy. Buying is easy. Regret is much more difficult to bear.

 

Here are 10 tips you can use to avoid Rare Coin Scams.

  1. Use common sense.
  2. Do not be in a hurry to buy.
  3. Research the dealer's reputation and reliability. How long has his company been in business? What professional organization is the dealer a member of?
  4. Do not rely on the dealer's promise to buy your coins at what you paid at any time.
  5. As soon as you receive... Read More

 

 June 2013
In This Issue
Investing In Collectible Coins
10 Tips to Avoid Rare Coin Scams
Fraud Tip
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Fraud Tip

Collecting rare coins of those minted from precious metals can be a good financial investment --but only if the buyer is knowledgeable about coins and how fraudulent dealers operate. 

   

In Short: Got Fraud? 
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If you suspect fraud or are troubled by an offer, call us with the information. We can help you identify if it is a fraud. Remember, if something appears too good to be true, it usually is.


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"Boiler Room meets Antiques Road Show." 

 

~Elliot Spitzer, former New York Attorney General, when describing a $25 million dollar rare coin sales scam that defrauded over 1,000 customers.

 

 

About Us
At Cadfael Investigative Group, Inc. we help our clients' identify and eradicate fraud. We provide them with the power of knowledge. We bring added information and insight to clarify and understand challenges they face.

Our investigative focus is on fraud identification and prevention in the legal and business communities of Minneapolis, MN. Our focus in the area of our expertise allows our experienced investigators to utilize their skills and gives our clients good value for their investment and an economic advantage. We provide our clients information they need to protect their clients and business. We also provide them with new services and capabilities that free up their time so they can focus on what they do best.

Our clients benefit by improved employee loyalty, increased profitability, and less time and resources spent managing internal losses. Learn more...


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