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Businiess name:
Lindstrom & McKenney
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Review by:
citysearch c.
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Review content:
NEVER DO BUSINESS WITH LINDSTROM & MCKENNEY....Lindstrom & McKenney basically stole money from us when they paid us just $13 per Morgan Silver Dollar we brought in for appraisal on July 27, 2011 - we had 8 or 9 of them. When I questioned the appraiser about the value being lower than expected, around $32 - $34 each, we were told that U.S. coins could not be melted so they were not worth the bullion value. They also bought several pieces of gold vintage jewelry from us and considering how we were mislead and grossly underpaid for the silver, I'm sure we were underpaid for the gold as well. I understand that a business has to make money, but they paid us less than half the value of the silver dollars! We discovered this when we brought our foreign coins and two additional Morgan silver dollars, of the same year and quality, to Scotsman Coin on Olive Blvd where we were paid the full bullion value of $32 each. When I called Lindstrom & McKenney to discuss the issue and tell them we felt we were mislead, they of course did not agree. I was told a few different things such as they have overhead (i.e. the office is well furnished and cozy, they offer water and coffee, etc...), we were never forced to sell items to them, we seemed happy about the sale when we left... etc... Of course we were happy at the time, we thought the APPRAISAL company that EVALUATED our items was telling us the true value, not the discounted price they wanted to buy them for. During all this, we also found that many of the coins purchased by Lindstrom & McKenney are subsequently sold to Scotsman Coin for the full value, which in our case means over a 100 percent profit on each coin for Lindstrom & McKenney! In my opinion, Lindstrom & McKenney are thieves who have no qualms about misleading trusting customers in order to line their pockets. BEWARE!
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