<< <i>Sadly, most of these are marketed to seniors without sophisticated numismatic knowledge who are looking for a) an inexpensive investment or b) something worthwhile to pass along to the grand kids. Just as sadly, there are far too many people whose ignorance allows them to be willingly taken to the cleaners by these hucksters. >>
I agree with the OP. Jail for these types of rip-off artists.
<< <i>Issues like this are for the truly unsophisticated collectors.To say that these "masterpieces" are the "the purest gold coin ever made" really stretches the truth to the limits,but keep in mind that ad speak like this is designed to capture the imagination of the unsophisticated set.
How many of these things you think they would sell,even to the unsophisticated,if instead of "clad in 14 mg of 24 KT gold" they were to say,
"not even a hair's width,not even a dollar's worth,in fact,about 75 cents worth of pure gold that you're going to play hell scraping off to sell at the pawn shop when the market is right for you to sell your gold,adorns each piece."
My estimate is that sales would be down a full 20% if they used ad language like the above. >>
Reading this old post I noticed that even the few cents worth of gold is not "the purest gold coin ever made" nor, of course, are the actual $50 gold buffs as the RCM and perhaps others offer 5 9s gold (i.e, .99999 pure).
<< <i>Why can't they be stopped by the Hobby Protection Act?
because they don't violate the Hobby Protection Act. i would suppose that all the Carr replicas that the membership is so enamored with are closer to be in violation than this. >>
I am not seeing copy on it and it duplicates a mint issued coin so how does this not violate the act? >>
Find out where the tribute replica states $50 and 1 OZ .9999 FINE GOLD and then you can scream about the Hobby Protection Act.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i>Why can't they be stopped by the Hobby Protection Act?
because they don't violate the Hobby Protection Act. i would suppose that all the Carr replicas that the membership is so enamored with are closer to be in violation than this. >>
I am not seeing copy on it and it duplicates a mint issued coin so how does this not violate the act? >>
Without a date and a face amount it is not a counterfeit. May be a copyright claim on the design.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Facsimile of facsimile. Nice...Price doesn't bother me as there are a lot of copper nickel crowns out there for sale at same price so you get the gold for free. LOL. So poorly done copy with complimentary gold plating.
Obviously some folks have not seen a Carr piece such as the Oregon Trail Commem. Beautiful, in fact I prefer it to the MS65 '36 S I do have also.
Love that Milled British (1830-1960) Well, just Love coins, period.
people will buy the oddest things thinking they will be high valued one day, but most of the time the buyer is the big loser as the item is not even worth what they paid
When I was a kid, I bought an "Alaska Dollar" good for one dollar in trade in 1959, "the year Alaska became 49" which was gold-plated, for $4.00. I think they're worth about $4.00 now. At least I didn't buy the one from Hawaii too.
Q: Are You Printing Money? Bernanke: Not Literally
I'd imagine in 200 years these may be highly Collectable, along with the bogus and fanciful advertising material. Contemporary counterfeits, of sorts. Question is....can you sell it to a drunk in a bar for$100?
Comments
<< <i>Sadly, most of these are marketed to seniors without sophisticated numismatic knowledge who are looking for a) an inexpensive investment or b) something worthwhile to pass along to the grand kids. Just as sadly, there are far too many people whose ignorance allows them to be willingly taken to the cleaners by these hucksters. >>
I agree with the OP. Jail for these types of rip-off artists.
<< <i>Issues like this are for the truly unsophisticated collectors.To say that these "masterpieces" are the "the purest gold coin ever made" really stretches the truth to the limits,but keep in mind that ad speak like this is designed to capture the imagination of the unsophisticated set.
How many of these things you think they would sell,even to the unsophisticated,if instead of "clad in 14 mg of 24 KT gold" they were to say,
"not even a hair's width,not even a dollar's worth,in fact,about 75 cents worth of pure gold that you're going to play hell scraping off to sell at the pawn shop when the market is right for you to sell your gold,adorns each piece."
My estimate is that sales would be down a full 20% if they used ad language like the above. >>
Reading this old post I noticed that even the few cents worth of gold is not "the purest gold coin ever made" nor, of course, are the actual $50 gold buffs as the RCM and perhaps others offer 5 9s gold (i.e, .99999 pure).
<< <i>
<< <i>Why can't they be stopped by the Hobby Protection Act?
because they don't violate the Hobby Protection Act. i would suppose that all the Carr replicas that the membership is so enamored with are closer to be in violation than this. >>
I am not seeing copy on it and it duplicates a mint issued coin so how does this not violate the act?
Find out where the tribute replica states $50 and 1 OZ .9999 FINE GOLD and then you can scream about the Hobby Protection Act.
The name is LEE!
<< <i>
<< <i>Why can't they be stopped by the Hobby Protection Act?
because they don't violate the Hobby Protection Act. i would suppose that all the Carr replicas that the membership is so enamored with are closer to be in violation than this. >>
I am not seeing copy on it and it duplicates a mint issued coin so how does this not violate the act?
Without a date and a face amount it is not a counterfeit. May be a copyright claim on the design.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Chris' Complete Lincoln Variety Set 1909-date
Lafayette Grading Set
Obviously some folks have not seen a Carr piece such as the Oregon Trail Commem. Beautiful, in fact I prefer it to the MS65 '36 S I do have also.
Well, just Love coins, period.
No Way Out: Stimulus and Money Printing Are the Only Path Left
*https://photos.app.goo.gl/zhzgx5nmxk4H2sM59
I knew it would happen.