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ModernCoinMart

Coin Dealers
This company specializes in high grade modern coins of all types, certified by NGC and PCGS.
Accreditation
BBB accredited business

Accredited Since: 10/23/2007

Years in Business: 16

BBB Rating
A-

Customer Reviews are not used in the calculation of BBB Rating

Customer Reviews

Average of 10 Customer Reviews

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Overview

This company specializes in high grade modern coins of all types, certified by NGC and PCGS.

Business Details

Location of This Business
5260 Paylor Ln, Lakewood Ranch, FL 34240-2204

BBB File Opened:10/8/2007
Years in Business:16
Business Started:5/17/2004
Business Incorporated:5/17/2004 in FL, USA
Accredited Since:10/23/2007
Type of Entity:Limited Liability Company (LLC)
Alternate Business Name
  • ModernCoinMart, LLC
  • MCM
Business Management
  • Mr. Kurt R. Rasmussen, Manager
  • Mr. Charles B. Lannin, Manager
  • Mr. William J. Gale, Manager
Contact Information

    Principal

  • Mr. Andrew Salzberg, General Manager

    Customer Contact

  • Mr. David Ward, Operations Manager

    Other Contacts

  • Ms. Kelsey Howard, Marketing Manager
  • Mr. Hayden Tubbs, Product Development
  • Ms. Kathleen Long, Accounting Manager
Additional Contact Information

Phone Numbers

Customer Complaints

6 Customer Complaints

Need to file a complaint? BBB is here to help. We’ll guide you through the process. How BBB Processes Complaints and Reviews

Most Recent Customer Complaint
Complaint Type: Advertising/Sales Issues
Status: Resolved
anonymous user
Price gouging - order cancelled due to "pricing error" I purchased a stack of 25 Canadian Maple Leaf coins on their website at the listed price and received a confirmation email for the purchase. Three days later I received an email canceling my order claiming a "pricing error" on their end. Due to the highly fluctuating value of the products Modern Coin Mart sells I don't see how this can be legal. If so they could cancel any order before shipping just to take advantage of an upturn in the market. They are clearly taking advantage of the high demand for silver at the moment and taking the opportunity to price gouge their customers. Whether due to an actual error on their end or due to malicious intent, they should be legally held to honor the transaction we made at the agreed upon price. Any other action could be considered deceptive business practices and fraud, and at the very least terrible customer service. I expect my order to be reinstated.
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Desired Outcome

I want my order honored and the product delivered in the agreed upon timeframe at the agreed upon price.

Customer Reviews

10 Customer Reviews

What do you think? Share your review.

How BBB Processes Complaints and Reviews

Most Recent Customer Review
anonymous user

Teresa R

07/29/2020

I placed two orders for silver on July 22 and got a confirmation email for each purchase. Then in 5 days started checking to see where the orders were. Once checking into both of these orders we paid by credit card and they stated that they refunded one credit card and the other purchase we could not pull up in their system to confirm what was going on with this order. So I emailed them and got a response back on one order and was told, "Thank you for contacting us. All orders are reviewed by our Trust and Safety team. The order is showing that it was reviewed and determined that a different payment method would be necessary to continue with the order. Unfortunately, we are not provided the specifics as to what was reviewed. If you wish to continue with the order, you may do so by replacing the order and selecting wire transfer as the payment option. Selecting wire transfer will save you a 2.95% discount off the total order. We are showing the email notification regarding the cancellation was emailed to you as of July 22nd. I will request to the have the email sent to you again." We never received an email on the 22 for either order and they would not honor the price if I replace the order. We had already called the credit card companies to let them know that we were making these purchases so there was no issue with the credit cards and making these purchases. These purchases were done on their web site and I had made 4 other small purchases from them in the past by credit card and had no issues, so I thought they were legit and trustworthy!! BUYER BEWARE of possible Faude with this company!!!!!!!!

Business Details

Location of This Business
5260 Paylor Ln, Lakewood Ranch, FL 34240-2204

BBB File Opened:10/8/2007
Years in Business:16
Business Started:5/17/2004
Business Incorporated:5/17/2004 in FL, USA
Accredited Since:10/23/2007
Type of Entity:Limited Liability Company (LLC)
Alternate Business Name
  • ModernCoinMart, LLC
  • MCM
Business Management
  • Mr. Kurt R. Rasmussen, Manager
  • Mr. Charles B. Lannin, Manager
  • Mr. William J. Gale, Manager
Contact Information

    Principal

  • Mr. Andrew Salzberg, General Manager

    Customer Contact

  • Mr. David Ward, Operations Manager

    Other Contacts

  • Ms. Kelsey Howard, Marketing Manager
  • Mr. Hayden Tubbs, Product Development
  • Ms. Kathleen Long, Accounting Manager
Additional Contact Information

Phone Numbers

Local BBB

BBB of West Florida

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BBB Business Profiles may not be reproduced for sales or promotional purposes.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

As a matter of policy, BBB does not endorse any product, service or business.