Reputable Rare Coins Accused of Scams Targeting Seniors

From failing to deliver coins people ordered to misrepresenting their value, attorneys say a Minnesota company routinely lied and cheated customers across the country.

Minnesota Attorney General Lori Swanson filed suit against Reputable Rare Coins (RRC) this week, accusing the company of fraud and engaging in deceptive trade practices. She says the company knew much of its audience were senior citizens.

In the lawsuit, Swanson gives several examples of shoddy behavior. In one case, a 91-year-old Texas woman paid RRC $50,000 for 140 Swiss Franc coins. She never received the coins or a refund of her money.