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Coin Update recently announced, with input from numismatic experts, the attorney general of Texas, Ken Paxton, has issued a consumer-protection alert about buying and selling gold coins.  Paxton’s advisory cautions consumers and investors:  “If coins you bought as an investment would have to double or triple in value before any gain could be realized, you may have been a victim of fraud.”

Among other tips in the Texas attorney general’s advisory:

  • Do not respond to callers not previously contacted. Cold callers often are not registered in Texas to legally tele market and often try to pressure customers to act quickly.

  • Do not do business with a dealer who guarantees your purchases are totally safe, will go up in value, or can’t go down; who stresses government gold confiscation; or who says he will buy them back for what you paid at any time.

  • If you believe you may have been a victim of fraud, do not hesitate to contact the authorities.

  • For greater detail involving this issue review the complete advisory.

Source: Texas attorney general issues consumer-protection tips for gold buyers | Coin Update

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