Review Detail

 
Gainesville Coins
Gold Dealers

Fool Me Once....

Reviewed by Gainesville Coins review by T. S.. | February 15, 2012

I'm not wanting to flame a company, but inform consumers about a major FACT. Gainesville Coins isn't really a new company. Please google "National Gold Exchange, Tampa" - the Yaffe's went bankrupt in a questionable way, hosing lenders to the tune of some 35-50 Million dollars. One of the brothers Mark Yaffe built a 28,893-square-foot mansion for $25 Million and during this time and claimed he didn't know where all the coins were. He used the proceeds to build the mansion and crowned the misdeed by cooking National Gold Exchange's books to conceal the exchange, Sovereign Bank said. Turns out these exact same guys own Gainesville Coins and when the bankruptcy went down they were already running it out of the same location and the court had trouble with what gold/silver belonged to what entity. Today, the store is literally 1 block away from the gate to their home community where he still has his "fraud" Mansion. It's amazing how this type of business exists today when all this information is available online but few have read about it. Tulving is another company that has filed bankruptcy 2+ times and was even charged with fraud by the FTC. Gainesville & Tulving are some of the slime of precious metal world - and again, it's all available online for people to research.

Customer's Experience

Did You Receive What You Ordered?
Yes
Would You Purchase From This Dealer Again?
No
I'm not wanting to flame a company, but inform consumers about a major FACT. Gainesville Coins isn't really a new company. Please google "National Gold Exchange, Tampa" - the Yaffe's went bankrupt in a questionable way, hosing lenders to the tune of some 35-50 Million dollars. One of the brothers Mark Yaffe built a 28,893-square-foot mansion for $25 Million and during this time and claimed he didn't know where all the coins were. He used the proceeds to build the mansion and crowned the misdeed by cooking National Gold Exchange's books to conceal the exchange, Sovereign Bank said. Turns out these exact same guys own Gainesville Coins and when the bankruptcy went down they were already running it out of the same location and the court had trouble with what gold/silver belonged to what entity. Today, the store is literally 1 block away from the gate to their home community where he still has his "fraud" Mansion. It's amazing how this type of business exists today when all this information is available online but few have read about it. Tulving is another company that has filed bankruptcy 2+ times and was even charged with fraud by the FTC. Gainesville & Tulving are some of the slime of precious metal world - and again, it's all available online for people to research.
Overall rating 
 
1.0
Shipping Time 
 
1.0
Customer Service 
 
1.0
Buying Experience 
 
1.0
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