Usacomplaints.com » Business & Finance » Complaint / Review: David Hall Rare Coins - DHRC, David Hall s Numismatic Investment Group Ripoff — A Chimp Could Have Assembled a Better Portfolio. #94481

Complaint / Review
David Hall Rare Coins
DHRC, David Hall's Numismatic Investment Group Ripoff — "A Chimp Could Have Assembled a Better Portfolio"

In May of 1986, a man who claimed to be a world leading coin expert and investment advisor, David Hall, prepared one of his "winning" client porfolios for me. I paid $5002 for 12 coins. One year later, a statement from Mr. Hall indicated the coins were worth only $2095. At the time, I was shocked and angry. Feeling duped, I went to the main post office (Brooklyn, NY) to complain to postal investigators, who said they'd do an investigation. (Nothing happened.) I also complained to Mr. Hall, but received no response whatsoever. Being rather young and naive at the time, I put my coins in a safe deposit box and hoped for the best, believing they'd likely go up in value with time.

Today I discovered that despite the fact rare coins have gone up 21.4% on average EACH year over the past 10 years (source: Salomon Brothers: www.stacks.com/collintro1.htm), my portfolio of coins assembled by Mr. Hall — for which I paid $5002 18 years ago — is today worth a mere $2,251 (at most).

I ask you, was this the work of a world reknowned expert? I dare say anyone could have picked coins at random out of a 1986 coin catalog, charged me FULL price for them at the time of purchase, and today I would have discovered that I had made a killing thanks to: a.) random selection of coins and b.) the booming rare coin market of the past 10 years — and before! Here is the list of dogs Mr. Hall dumped on me in May 1986:

1929 10cent MS64FB
1937S 10cent MS66
1943S 10cent MS64FB
1936D 50cent MS64
1938D 50cent MS64
1943 50cent MS65
1881S Silver Dollar MS65
1924 Silver Dollar MS64
1962 50Cent PR65 (4 coins of this type)


Offender: David Hall Rare Coins

Country: USA   State: California   City: Newport Beach
Phone: 8007597575
Site:

Category: Business & Finance

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