Thomas Gillham shows us what he got. He paid $354 and received three bags of cash at $99 each and three bags of pennies. After reading the half page color ad in the Colorado Springs Gazette newspaper he was convinced he would soon be rolling in collector cash.
But now he's sadly disappointed with his so-called "jackpot." He asked a local coin collector the value of the nice leather notebooks containing $1 and $2 bills along with the pennies.
Thomas says he learned, "Per bag you're losing about $80." I asked, "So how do you feel about this?" He replied, "I don't feel good about it at all."
Thomas came to us after seeing my earlier story about World Reserve Monetary Exchange. He called the Canton, Ohio company and asked for a refund. He was told since he opened the bags he would be charged a 15% restocking fee, but would get back about $310, a loss of $44. We'll be sure to let you know if he does get a refund.
As we reported earlier the Better Business Bureau has given World Reserve Monetary Exchange an F with more than 250 complaints, mostly for misrepresenting its products.
We wanted to see what we would get for ourselves, so we ordered one bag over the phone and was told our credit card would be charged $122, but the charge never showed up and so far we haven't received anything.
Today's ad doesn't highlight $1 and $2 bills like Thomas got, but the Walking Liberty half dollar coin. It claims it could be worth hundreds of dollars in collector value, But I found them on sale online for $22 to $40.
Before you invest in anything, call the experts and ask their opinion. Don't believe everything you read in an ad.
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