I bought the slab not the coin......... never seen one before

ibzman350

What I I found even more interesting is the sellers statement


<< I hate to admit it but I was one of the unfortunates who invested in the scheme perpetrated by them in the late 80's and wasn't able to unload my substantial investment before the company filed for the protection of the Bankruptcy Court to escape dozens of lawsuits filed on the behalf of investors. >>

can anyone enlighten me??












Herb

Russ

Tulving slab. I have several 1964 proof Kennedys in these, and all are graded PR64 just like that Frankie. Apparently, the company got in a little "investment" trouble way back when. Not unusual, as many large firms have run afoul of the feds over the years.

Russ, NCNE

SilverEagles92

I picked one of these up at a coin show about a year ago. Also graded PR64, also a 1962 Proof Franklin. I got mine for right at $11.

Edited to add: I also bought it because of the slab and not the coin.

OPA

In August 1990, the FTC filed a complaint against Tulving and his company, Hannes Tulving Rare Coin Investments, Inc., of Newport Beach, alleging that they misrepresented the degree of risk and appreciation of their coins, falsely represented that the figures published in their coin price guide reflected the actual wholesale market price of their coins and that their customers' portfolio updates reflected the current value of the customers' coins; and that they failed to maintain a reserve of funds to enable them to honor their buy-back guarantee.

DoubleEagle59

"Investment company"....'late 80's"

Reminds me of the 'Investment' companies that sold certified colored gemstones as 'investments' in the '80's.

Many of them were actually based here in Toronto Canada, selling worldwide.

So many gemstones were sold to unsuspecting high earners such as doctors, lawyers, wealthy widows.

All companies were very consistent in their overpricing. They actually sold these 'crappy' gemstones at 10X their cost.

They were marketing these crappy black Australian sapphires (which at the time would have a wholesale cost of around $10/carat) as high quality blue sapphires at prices north of $100/carat. Boy, did they make a killing, as the '80's were boom times.

Very sad though in the '90's when these buyers came to see me with these 'investments' as they were looking to sell them and I had to break the unfortunate news to them.

Edscoin

Do all these have a price printed on them?

Russ

<< <i>Do all these have a price printed on them? >>



All that I've seen do. The Kennedy's I have are all $29.

Russ, NCNE

StampAlarm

They look like they come apart easy. Do they?



Jerry

ibzman350

<<They look like they come apart easy. Do they?>>

They look like they may come apart fairly easy, but the paper tag wrapped around the outside of the slab would be broken
and I would think difficult to replace duplicate.



<<I picked one of these up at a coin show about a year ago. Also graded PR64, also a 1962 Proof Franklin. I got mine for right at $11. >>



I have $12.11 total cost in the slab. (ebay)



"
Danke schon, Opa







Herb