BEWARE !
of the
Limited Time Events advertised with
Full Page Ads in the newspaper
Often, when gold prices have a dramatic price increase, you will see full page ads that promote a "Limited" time event. These events are run by entities that come from out of town.
They run fancy full page ads to get your attention. These events often promote that they are buying for a "limited" time to create sense of urgency. This high pressured environment is not for your benefit, it is for their benefit. You have to make a quick decision, which usually is a bad one.
You will also find that after announcing something like "4 days Only" , that they run follow up ads that state "Held over an additional 4 days". So much for the "limited" time and the sense of urgency.
Complaints by customers of Calaveras Coin & Pawn include accusations of these "out of state fly by night gold buyers" is that they are "ripping people off" (not giving them fair market value) and "not filing out forms" (JUS123 as required by the Department of Justice) and turning them in locally to the Tuolumne County Sheriff's Department. They are "not getting business licenses" (as required by Tuolumne County). "They are taking the money out of the area along with the goods" (not abiding by a 30 day hold policy as required by law) "taking the items either out of the county and sometimes even out of the state before victims of theft (in the Foothills and Mother Lode) would ever be able to identify their items" and some folks even believe even "immediately melting them down."
Unfortunately unscrupulous precious metal dealers setting up temporarily and not from the area paying grossly low prices for merchandise adversely effect the local economy and many times since they to not follow the law (many not requiring valid identification, signatures, photographs or fingerprints) and therefore are a perfect avenue for burglars to fence stolen goods. Complaints from residence of Sonora have stated that these "gold buying events, have gone on twice just this month at the Aladdin Motor Inn and Best Western Sonora Oaks."
Calaveras Coin & Pawn is a family run, locally owned and operated business, serving the Mother Lode Community for over 25 years. We have a vested interest in the community and in providing the very best for you. You will not be rushed to make a decision. You can take all the time you need, to make the best decision for you.
We work closely with law enforcement both on the federal, state and local levels. We even provide victims of theft a free guide to help them recover their stolen items that many times show up in the hands of "those running hotel gold buying events." If you should see one of these events taking place please either call the law enforcement in the jurisdiction of the event or call us at (209)736-COIN. Together we can protect our community from illegal business activities, keep money local and help fight crime!
