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report scam| Country | United States |
| State | California |
| City | Los Angeles |
| Address | 11766 Wilshire Boulevard Suite 1200 |
| Phone | 1-888-787-9638 |
| Website | https://www.roslandcapital.com/ |
Rosland Capital Reviews
I sent $60k for 43 buffalo 1oz government gold coins and 7 10oz morgan silver bars. I did not receive anything that I ordered. Received 67 1/4oz gold coins and 7 10oz unknown silver bars. Rosland charged $900/coin for the smaller gold coins that are worth less than $300/coin. After they received my money, they gave me lots of papers to sign, when I complained about it, they said sign the paperwork or we will not send the order. I signed the papers to initiate the delivery. Rosland said I would not get my money back or the product if I did not sign. The total worth of what was sent is $16k, they have $44k of my money that I received nothing for. The William Devaine ad on Fox News is still going on even after my notification to Fox News regarding the Rosland fraudulant sale. I called the BBB and found many complaints.
I asked if I could return the product for a full refund as it was not the order I placed. Rosland Capital refused my request.
I called Rosland Capital based on their advertizement. They told me that they had some Billie Jean King proof 1/4 ounce gold coins that would be a good investment. They asked me how much I had to spend. I told them $100,000. They said that would buy me 87 coins. 21 3/4 ounces. The pure gold value would be $39,150 based on $1800 per ounce.They said they were made by Pamp Suisse which was the official Switzerland Mint. This was untrue. Pamp Suisse is a private mint that will mint coins for anyone.For about $40,000 Pamp Suisse would make 87 quarter ounce proof coins. If someone spent $100,000 for these coins, , gold would have to go up to around $4600 per ounce to break even. These coins have no numismatic value.
Do not buy anything from this company. My experience with them is one filled with lies and deception. The coins they sell are very expensive and you will lose money. They will try to sell you their semi-numismatic coins which are way overpriced. They will not tell you that, when you sell back to them, they will pay you 28-30% less than the selling price of the coin. If you try to sell the coins to somebody else your loss will be 75% or more. They are the only place to sell back the coins you buy (that is something they don’t tell you either).
On March 23, 2020 I phoned them to ask the price they would charge for silver coin. I spoke to a rep named Tannis. At the time, the spot price for silver was $13.42. I knew that other coin companies charged a premium and would not sell for less than $18.51. Tannis told me Rosland would sell me silver rounds at the same as spot price so I placed a large order. When I got to the bank to do a wire transfer, I phoned her and asked for an invoice before I placed it. When I received the invoice, I noticed she had switched me to a product called the Lewis Kings Chessman 2.5-ounce coins. I was going to cancel the order, but she talked me out of doing that by repeatedly promising that the numismatic coins would increase in value more than regular 1-ounce round coins.
I kept changing my mind and wanting a refund before receiving shipment and she kept talking me out of doing that by saying they would increase faster than regular silver. I received the shipment and noticed the contract gave me 7 days to return them for what I paid for them less shipping. I called Tannis and she again talked me out of backing out. Then in June 2020 I decided to try to sell some of the coin back to them. I expected to see a gain in value but was surprised to see a loss. In July I sold my whole purchase back less 9 coins which I sold back in December.
My total loss was over $11,000. During that time frame the price of silver almost doubled. If I had invested in American Eagle coins or something else, I would have almost doubled my money instead of losing. I tried calling other dealers but nobody else wanted the coins.
All they would pay was melt value. The contract Rosland gave me mentioned something called “Spread”. I thought that was their profit on the coin since I was buying it at about $98 an ounce when spot was $13.42. Actually, the difference between the selling price at the time you sell back and what they give you is about 30% less and that is what they mean by “Spread.”. One other company whose name starts with an M, told me they would buy back American Eagle coins for about $1.50 each less than the selling price. They even post the buyback amount on their website so you can see it. There are a lot of shady dealers out there so be careful who you buy from. If you want to invest in silver, I recommend that you buy American Eagle coins or raw silver and not Rosland’s semi-numismatics. I don’t believe they are real numismatics either, since the only company that will buy them back is the one selling them. When I sold back Tannis told me I would get a check in about 2 weeks. Both times it took over 7 weeks. That was another lie. I think owning real silver is a good thing but be very careful what company you buy from. In my experience, Rosland is not a good one.
I bought approximately $45,000 dollars worth of gold and silver from Rosland Capital in Nov of 2016. They never told me the spread or commission they they would make off of the sale.
When I called them in June, they said my gold and siver was worth %$50,000 dollars. They did not look in a computer or anything when they told me the worth. So I took the gold and silver to 3 coin shops in San antonio, one which has been in business for 50 years. THey all said the same thing-that it was worth between ,000 and $18,000 dollars.
Whe I called Rosland, they said that coin shops are "liars" and are not to be trusted. they also said that they would buy my gold back from me for a higher price than I sold it to them that it is worth more than what I paid for it. I do not believe them.
I found out they lied - they said the gold was from Switzerland. I found out it come from the Solomon islands. If they lie about this, what else do they lie about?
I beieve they "stole" 27,000$ of my entire life savings by this scam.