HOUSTON – A Harris County consumer alleges she overpaid thousands of dollars on coins because of false representations of a New York individual and company.
Patricia Thomas filed a complaint on Feb. 7 in the Houston Division of the Southern District of Texas against National Collector's Mint Inc. and Randy T. Perry alleging that they violated the Telemarketing and Consumer Fraud and Abuse Prevention Act and the Texas Deceptive Trade Practices Act.
According to the complaint, the plaintiff purchased more than $1.3 million on allegedly overpriced gold and silver coins from the defendants. She alleges the coins are valued at half of that amount.
"Defendants’ oral and written representations contained no information whatsoever regarding NCM’s outrageous price markups on the coins; that is, the difference between what NCM charged Ms. Thomas and the coins’ actual market values. Simply stated, they took advantage of a lonely, elderly woman, who had no business buying coins. Defendants’ unscrupulous, price-gouging markups make it impossible for Ms. Thomas to sell her coins to break-even, let alone make a profit, in her lifetime," the complaint states.
The plaintiff holds National Collector's Mint Inc. and Perry responsible because the defendants allegedly misrepresented that the coins she purchased were investments and that she was offered coins at affordable prices.
The plaintiff requests a trial by jury and seeks actual, treble and punitive damages; attorneys’ fees; costs; pre- and post-judgment interest; and such other lawful and equitable relief. She is represented by John F. Luman III and Kelsey T. Smith of Daniels & Tredennick LLP in Houston.
Houston Division of the Southern District of Texas case number 4:18-cv-00348