The Consumer Affairs Agency has ordered a dealer in coins and precious metals to suspend part of its business operations for 12 months for selling medals as non-existent British royal baby anniversary coins.
According to the agency, Gold Star KK sold two kinds of medals that say “BRITISH ROYAL BABY ANNIVERSARY COIN” to 983 people across Japan and made approximately 650 million yen in two years, Sankei Shimbun reported. However, these medals were never made, and none of the customers who purchased them, ever received anything.
Gold Star told potential buyers the coins would be delivered within five years and that they would increase in value and become a collector's item.
A Consumer Affairs Agency spokesman said Gold Star will be barred from soliciting any new business for 12 months.© Japan Today