Littleton Coin Companys/ Letter From The Ftc

Very interesting find. After reading it thoroughly, I'd say the government may have missed the point, but only because it wasn't covered by the question to which the opinion responds. A more comprehensive, consumer-friendly answer would be to require customers to either opt-in or opt-out of LCC's coin approval service before receiving coins, so that customers would not have to be burdened by unwanted unsolicited approval sales.

Although the letter mentions the fact that Littleton doesn't report customers who don't return or pay for coins to a credit reporting service it does not say whether Littleton continues to fulfill further orders for customers who happen to view their unsolicited approval coins as gifts.

No, Bobby, it sez that LCC has made sufficient changes in their business practices to close an alleged investigation.

No wrong doing admitted.

I, too, when I first started collecting, bought coins from Littleton with knowledge of the "coins on approval" agreement; however, after awhile, they were sending me stuff I had no interest in, so I called their business, and requested removal from the "on approval" list. The following month I received another package from them, opened it, sent the most of it back (at my expense). Next month - another package!
Discussed this with my postman, and he told me, if I receive something I didn't order, nor want, to write REFUSED on the outside of the envelope or package, and return it without opening it (doesn't cost you anything for return postage that way). Did that for another two months, and the packages finally stopped coming.

Ralph

The link doesn't want to open for me. Can someone give me a summary of the article? Thanks.

It is still amazing that with all the coin web sites knocking Littleton as just no good, how come so many people still deal with them. I would think just word of mouth by now would have wiped them out.

Carl,
Good point, but that goes right along with the Coin Vault and other TV Coin Rip Off Shows. I have NEVER seen good words about them and their over priced - over touted coins.
A Member # R-3132123
Read & Learn - Then Purchase
Please Visit: https://www.duckyscoins.com

Guess your right. Just not enough people helping people. What a shame more people will not help eleminate this type of garbage.

Littleton, Coin vault and those other TV Shopping scams reach hundreds of thousands of households every single week through TV and Newspaper advertisements. Most of the people that buy this stuff are not coin collectors. Most are ederly, shut ins and good natured. well meaning parents looking for stuff for the kids. They are not very informed. Just think back ...oh ...25 years ago at the information that you had at your finger tips back then. These folks are still living in the 1970's and believe what they read in the paper and see on TV. I'm sure that they also buy from the Franklin Mint and all of those "societys" that send out those glossy colorful brochures in the mail. Buy a $1.00 Presidential coin in a plastic sleeve with lots of "historical" information" culled from the encyclopedia. They call it "educational and a learning tool for the grandkids" a "family heirloom" all for $29.95 per President. I bet they sell millions.

The ONLY place I've seen anti-tv hucksters and anti-Littleton speek has been online.

PS ..don't forget al of those Marshall Islands coins and stamp kits ..LOL.