Los Angeles Gold & Silver

Unethical & Shady Company! They Pulled a Classic Bait and Switch on me! On 2/29/2012 I called to inquire about selling 5, 1 ounce American Gold Eagle coins. I spoke with Michael and he quoted me a price above spot at the time. I asked him was that the "cash" price per coin that they would pay, since I do not accept checks. He said no, the price would be 10 dollars lower if I wanted cash. So the final price he quoted me was 1715 [Spot was around 1725). I accepted the offer, and told him that I would be there in 30 minutes. I made the drive all the way to their store in Beverly Hills from Malibu and when I arrived "Michael" was not in. Instead, I dealt with the shady owner. I told him that I had spoke to Michael and he quoted me a price of 1715. He said well Michael is not in, and you have to deal with me. He then went to the back and came back with a new price of 1646 per coin. I told him no way in hell! I had just spoke to Michael 30 minutes ago when gold spot was at 1725 a coin. At the time of my arrival into the store, spot price was at 1715. I remember Michael saying that they pay 10 dollars less per coin if you want it in cash, so I thought the owner would have offered me around 1705, which I would have accepted. Instead, not only did he not honor the price that Michael had quoted me 30 minutes prior, he had the audacity to insult my intelligence by offering me 69 dollars UNDER SPOT! I am a professional gold trader. I trade futures, spot market, and I also trade physical bullion. You are never suppose to accept UNDER SPOT for an uncirculated, in perfect condition, 1 Ounce American Gold Eagle coin! Reputable dealers pay over spot, because when you buy these coins you have to pay over spot. This dealer is unethical, dishonest, and I recommend that you stay far away from these guys. CNI (California Numismatic Investments) in Inglewood, CA pays OVER SPOT, and the price doesn't change if you want cash. Only a dishonest dealer will try to hustle you out of your money by offering two different prices, and not honoring a price that was quoted by their employee over the telephone 30 minutes prior. Whether it's a CHECK or CASH it should be the same price! Stay away from these CLOWNS! I can't believe I wasted my time, gas, and had to pay for parking! This is a VERY SHADY AND UNETHICAL COMPANY! Sellers/Buyers BEWARE! They will try and rip you off!

Really nice, honest guys to do business with! I shopped around and they paid the most and gave me the most information.

If you are someone like me who is wondering where do I sell rare coins in Los Angeles? Or where do I sell gold in Los Angeles then look no futher! This is the place. I shopped around and this place offered me the most money and where the most helpful. I sold them gold rare coins that my grand dad gave me and some gold jewelry that I wasn't wearing any more. Check them out if you need this service.

I brought my dads rare coins to this place to get a free appraisel and they were very nice guys and explained the whole valuing and buying process with coins. They offered me a great price and told me about how much they would make on the coins which seemed totally reasonable. They asked me to write them a review and I told them I would be glad to. This is a great place to do business if you want to sell rare coins in Los Angeles, or sell gold in Los Angeles.