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December 16, 2025

As Gold Prices Rise, a New Scam Is Targeting Retirees

SHOW LOW, Ariz.—The coin shop owner had seen his share of hefty deals, but this call caught him off guard. An elderly man from nearby Snowflake, Arizona, wanted to purchase gold coins valued in the tens of thousands.

As Gold Prices Rise, a New Scam Is Targeting Retirees

TL;DR

  • A coin shop owner in Show Low, Arizona, received a surprising call about a large gold coin purchase.
  • The interested buyer was an elderly man from Snowflake, Arizona.
  • The man intended to spend tens of thousands of dollars on gold coins.
  • When the man arrived at the shop, he was visibly nervous and seemed to be directed by a woman on his phone.

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