A few weeks ago, the Ear ran a story about CHERIE BARNARD of Warrenton buying a bag of supposedly valuable/collectible coins from The World Reserve Monetary Exchange for $129. When she took the coins to SCOTT McCLAINE, owner of Clatsop Coin in Astoria, he estimated the value of the coins was more like $12.
They are both pictured in still shots from a KATU video.
And, to make matters worse, the company said there would be no refunds once the bag of coins had been opened. It was a no-win situation. After all, how was she supposed to find out the coins had no value unless she opened the bag?
Cherie and Scott and her Visa card representative had a three-way call with the coin company, but got nowhere. She even went to KATUs PROBLEM SOLVERS ON YOUR SIDE (http://tinyurl.com/bago coins), who also tried, unsuccessfully, to get her money back.
However, Cherie told the Ear that once the Problem Solvers show about her predicament aired, she got a call from the president of The World Monetary Exchange. Cherie, Im giving your money back, he said. Needless to say, she is delighted.
Perhaps a little public exposure of their business practices did the trick? Apparently its not always true that theres no such thing as bad publicity.
Good for you, Cherie.