Scoin Shop

<p>I want to advise those new and experienced investors about the false marketing that The Scoin Shop and SA Gold Exchange use. This roller-coaster ride started about 5 years back when I purchased a number of&nbsp; Gold Mandela Medallions from a Scoin Shop branch at the OR Tambo airport, they closed down that branch and moved their sales staff to Eastgate. I was told that the coin would always be resale-able as at worst, The Scoin Shop would buy it back. I was told by the agents at the Scoin Shop to hold the coin for a period of up to 5 years to make the maximum Return on Investment, however should I want to sell prior to the 5 years I would not make as much profit on the coins.&nbsp; A few months back I approached the Scoin shop as I needed to sell my coins as I wanted to reinvest with Scoin and purchase Kruger Rands. I was given a valuation on the coins I have and told them to go ahead with the buy back of my Mandela coins. I was then advised that due to the fact I have not had the coins for&nbsp;longer than 5 years and the market has died down they cannot buy back the coins from me. I find this atrocious! I now sit with coins that I will not be able to sell and will only in the end get the value of the gold and make no return on my investment&nbsp;in over 5 years whereas I could have got the same return over 1 year with a Money Market or Fixed deposit. I questioned the Regional Sales manager of Scoin shop as to how their retail prices are determined and was told it&rsquo;s based on demand. If demand is the case, then why am I receiving almost cost, back on my coin of 5 years? Although this isn't *******, I feel as though I have been ****med through false marketing&nbsp;and false promises</p>