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Is Westminster Mint A Scam Company?

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Pillar of the Community
United States
3789 Posts
 Posted 09/25/2013  2:38 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
WELL..

if we are talking about the dealer from the USA, I would make sure they specify their costs by how you are paying.

I responded to one of their Ads in the paper and it has no notice that there was to be an extra surcharge for using a credit card.

I am OK with that BUT if you run almost a large 3/4 size Ad in the paper with a price and it only says shipping and handling extra, I dont think that's ethical. They should have a disclaimer that says something to the effect that prices based on check payment.

I don't feel comfortable with a business that runs an Ad and then doesn't even offer any sort of fine print and by the time you call, they tell you. oh well there's a credit card charge btw. Again, everyone has their costs but how about some "truth in advertising".
New Member
United States
3 Posts
 Posted 09/25/2013  5:18 pm  Show Profile   Bookmark this reply Add Zoomee to your friends list
I don't know anything about the ad you read. Their website is below which informs you the cost for check vs. credit card.

http://www.coin-rare.com/

Pillar of the Community
United States
3789 Posts
 Posted 09/25/2013  8:06 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
Oh I have their Ad still and I am referring to their Ads they place, I am not talking about their web site

Again, when you place an Ad in print, a honorable business would put fine print with some sort of line that informs you that there will be a surcharge for using a credit card.

I am not talking about their web site, thats irrelevant to what I said.
New Member
United States
3 Posts
 Posted 09/27/2013  09:55 am  Show Profile   Bookmark this reply Add Zoomee to your friends list
The beauty of the free market is the ability to spend your worthless fiat currency any way you desire. Don't like a company because of their ad, don't buy their product.
Pillar of the Community
United States
3789 Posts
 Posted 09/27/2013  1:50 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
Again, my issue isn't about free markets.

My issue is that any honorable, reputable business honors the prices in their Ads. Any great business also makes room for the fine print and full disclosure about additional charges apart from their offer.

I have all their Ads and theres nothing to tell you that if you call and respond and decide to use a credit card that there is a surcharge.

Again, Westminster Mint lacks in this department. They have an obligation to be transparent. In that regard that public should be aware that if you use a credit card for a few coins, they are going to charge you a fee, something they do not disclose in their Ads.
Pillar of the Community
United States
561 Posts
 Posted 09/27/2013  2:04 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list
Not to mention the fact that they are not allowed to charge you an additional fee to use a credit card. They are allowed to offer a cash discount but adding a credit card surcharge violates their Visa and MC agreements.
Pillar of the Community
Learn More...
United States
4594 Posts
 Posted 09/27/2013  6:05 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list

Quote:
Not to mention the fact that they are not allowed to charge you an additional fee to use a credit card. They are allowed to offer a cash discount but adding a credit card surcharge violates their Visa and MC agreements.


Unfortunately that's no longer true. As an example, from http://www.mastercard.us/merchants/...e-rules.html


Quote:
Pursuant to a settlement of the U.S. merchant class litigation, MasterCard will modify certain rules and business practices to permit U.S. merchants to apply an extra checkout fee, also known as a surcharge, to customers who pay with MasterCard-branded credit cards. The rule change permitting such surcharging will go into effect on January 27, 2013. These fees are not allowed on Debit MasterCard or MasterCard prepaid cards.


-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
New Member
United States
2 Posts
 Posted 05/31/2021  04:38 am  Show Profile   Bookmark this reply Add Trash cash to your friends list
Westminster mint has not disappointed me. I've placed 4 orders through them. Each time I knew what the actual price was. I received exactly what I ordered and in most cases I had it in hand in under a week. Over all not a nail biting experience. Westminster mint is not my go to place to buy, but I really shop around for the best price I can find. In the last 4 years I've made over 25 purchases and only 4 there if that tells you anything.
New Member
United States
3 Posts
 Posted 06/03/2025  4:25 pm  Show Profile   Bookmark this reply Add kanif to your friends list
Hi everyone
westminster mint is very disrespectful company.. they canceled my order within minutes.. cause they didn't like their own prices.

Westminster Mint
Order #WMW4034
Your order has been canceled

Order #WMW4034 was canceled at your request and your payment has been refunded.
Removed Items
10 Ounce Silver Bars- Westminster Mint Lion Reverse design × 10
Refunded
Subtotal $3,000.00
Shipping $0.00
Taxes $0.00
Total $3,000.00 USD
Total paid today $0.00 USD

Visa (ending in xxxx)$3,000.00
Refund Visa- $3,000.00
New Member
United States
3 Posts
 Posted 06/03/2025  4:32 pm  Show Profile   Bookmark this reply Add kanif to your friends list
and they changed prices right away from 300 to 400 for 10 0z silver bar...
acting like high school operating company
Moderator
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United States
189340 Posts
 Posted 06/03/2025  4:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
to the Community, kanif.

I wish it were for better reasons.
New Member
United States
3 Posts
 Posted 06/03/2025  5:22 pm  Show Profile   Bookmark this reply Add kanif to your friends list
well forums are the best source of truth so far... at least for me
Moderator
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United States
189340 Posts
Bedrock of the Community
United States
74806 Posts
 Posted 06/03/2025  9:36 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
To CCF, kanif! I'm sorry that happened to you. This company is no good.
Errers and Varietys.
Edited by Errers and Varietys
06/03/2025 9:40 pm
Moderator
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United States
23550 Posts
 Posted 06/04/2025  08:16 am  Show Profile   Bookmark this reply Add rggoodie to your friends list
They appear from the reviews to be a bait and switch company
rggoodie
aka Richard
"catch em doing something right"
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