Wednesday, September 01, 2010

Unsolicited Calls from Liberty Gold Trying to Sell You So-Called Rare Coins: Scam or Legit?

It comes up on the caller-id as simply "Out of Area." If you don't answer, they call back . . . up to 5 times a day . . . EVERY DAY!  They eventually wear you down and you have no choice but to answer.

When you do finally answer you get the sales pitch.

"Hey John, this is your pal so-and-so at Liberty Gold. I've got a great deal on Morgan dollars that you've got to hear about."

Or the deal might be gold eagles or some other spectacular hoard that they were able to acquire. And they don't like to take "no" for an answer.

When they finally realize you aren't falling for their sales pitch, they quickly hang up before you can tell them to take your name off their list. There's no "Good bye" or "Thanks for your time" . . . just a cold, sharp click.

A few weeks later, and the phone begins to ring again. One look at the caller-id and your blood pressure begins to rise.

"Out of Area!"

A Plea for Help

I have a friend that this has been happening to and he's asked me for my help in making it stop. You see, he's never done business with anyone named Liberty Gold. In fact, he's only done business with a couple of well known and respected coin dealers . . . ever! These are dealers that protect their client list and are not likely to sell his name to a company like Liberty Gold.

This week the calls started again. It had been at least two weeks since the last call where they hung up on him before he could tell them to take his name off of the list. But this time he was ready for them.


"Hi, can I speak to John?"

"This is John."

"Hi John, this is your pal so-and-so from Liberty Gold . . ."

As soon as he heard the name Liberty Gold, he stopped them right away.

"Excuse me, can you please take . . ." 


That was all he managed to say before the click cut him off in mid-sentence.

The Mysterious Liberty Gold

So my friend wants my help in getting the calls to stop, but all he has is the name Liberty Gold. A quick look at the Better Business Bureau comes up with at least 3 different companies that might be this Liberty Gold, one in Chicago, one in New York, and the last in Oklahoma. But which one is it? Or is it someone else?

There is a law that limits the number of times a company can call you once you've asked them to stop. But what if they never let you complete the request like Liberty Gold?

Unfortunately, I haven't been much help to my friend since I am not familiar with this company. They are as much a mystery to me as they are to him.  If there is one piece of advice I can give to people getting these unsolicited calls to buy coins it would be, "Don't buy the coins unless it's a dealer you already know and trust!"