Coin Company Accused of Cashing in Without Delivering

  
     
BBB Warns Consumers about Washington-based Blue Moon Coins
March 17, 2014

More than two dozen people have contacted Better Business Bureau to complain about Blue Moon Coins out of Vancouver, Wash., after spending hundreds of thousands of dollars. The company, which sells wholesale precious metals and coins, has earned an “F” rating with BBB serving Alaska, Oregon and Western Washington after failing to respond to six complaints.

Customers allege that after placing orders, the products do not arrive; the company has racked up 25 complaints nationwide within the last three years including 19 serious ones. The Washington State Attorney General’s Office says it has 16 complaints against the business from 2013 to 2014.

One customer says he lost $168,000 after placing an order with Blue Moon Coins in September 2013. After months of attempted contact, the man tells BBB that he still has not been able to reach the company or receive a refund.

A Washington State customer tells BBB that he purchased $6,000 in merchandise from Blue Moon Coins in early January 2014, but when trying to cancel the order, he claims the company never responded. He now wants to warn other potential customers before they do business. “I want the public to know, so someone else doesn’t get caught in this trap,” he says.

The BBB accreditation of Blue Moon Coins was revoked in December 2013 after the business failed to comply with the BBB Code of Business Practices.

BBB is concerned about the serious nature of these complaints and reminds consumers to properly research companies at bbb.org before making purchases.

ABOUT BBB: For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. BBB serving Alaska, Oregon and Western Washington, founded in 1918 and serving more than 9 million consumers, is one of 113 local, independent BBBs in the United States, Canada and Mexico. In 2014, people turned to BBB serving Alaska, Oregon and Western Washington more than 5 million times for BBB Business Reviews on more than 264,000 local businesses and for Charity Reports on more than 1,200 local charities, all available for free at akorww.bbb.org.