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So how do the TV Shisters get away with selling this?

amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭
This is such a crock of sh*t!

2014 $50 Gold Buffalo Proof

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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    .
    crock of sh*t! redux

    2014 $50 Gold Buffalo Proof >>


    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    Shisters!

    image
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    braddickbraddick Posts: 23,128 ✭✭✭✭✭


    << <i>Shisters!

    image >>



    Not so fast with the clap.

    Shysters.

    ;(

    peacockcoins

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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>

    << <i>Shisters!

    image >>



    Not so fast with the clap.

    Shysters.

    ;( >>



    My old best friend's nickname was Shyster. Still is in fact.

    We went to the race track when we were 15 and lost all our money. On the way out Shyster said that he was going to have his old man sue the place for letting underage kids gamble.

    Yeessssh.
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    AMW I am very unhappy that I saw that, this is all your falt for making this nasty post. Seriously the wording and layout make it seem that you are getting a coin that will have the same gold value as the original. Not a good thing as I have had to tell my parents on one occation that a coin they had been holding for about 10 years was just plated garbage.
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Always sad when someone gets 'conned' by these shysters...... and then, when you tell them, they get angry at YOU!!! Cheers, RickO
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    joeykoinsjoeykoins Posts: 14,893 ✭✭✭✭✭
    imageimage Just think, Gold at one time was "$9.95" an ounce.image

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
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    KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭
    At $1,250 an oz, 14 milligrams of gold is worth $0.56 total...if you could get any one to pay for the gold content. Pure rubbish that pulls in the naive and poorly informed. A rip off for sure but carefully worded to be legal.

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    ZoinsZoins Posts: 33,910 ✭✭✭✭✭


    << <i>So how do the TV Shisters get away with selling this? >>



    << <i>All tributes to original coins contain the "copy" designation as mandated by federal law. >>



    Was this business literally created by the Hobby Protection Act?
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    OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    But but...........it's 4 "9's" image

    Steve
    Promote the Hobby
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    dcarrdcarr Posts: 8,008 ✭✭✭✭✭
    This thing has been advertised on TV for a couple years now.
    I would assume the "Feds" know about it, but apparently they don't consider it to be a violation.
    Note that this company has been fined previously for their 2004 Freedom Tower 9/11 "Government-Issue Silver Dollar".
    The reason for that action was that the company (National Collectors Mint) claimed in ads that it was a legal-tender
    coin from the Commonwealth of the Northern Mariana Islands (CNMI). The problem was, the CNMI is a US protectorate
    and by law uses US Dollars and can not issue currency of its own.

    The owner of NCM was also once fined for his business of delivering pornography through the US Mail (which is illegal).
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    ZoinsZoins Posts: 33,910 ✭✭✭✭✭
    One of the most interesting issues out of the NCM and CNMI is the 1933 DE they issued IMO. At least those were solid gold.
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    tincuptincup Posts: 4,785 ✭✭✭✭✭
    They get away with it because it is not illegal. I did not listen to the whole selling point, but noted they call it a 'tribute copy'. They even tell how much gold it it 'plated' with. Of couse, the buyers do not hear those words, but only the bit about the original US Mint gold coins... so that is what they think they might be getting. The devil is in the details....
    ----- kj
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    mikeygmikeyg Posts: 1,002




    Sorry but I cant feel sympathy for a dope who buys this thing for $9.95 and thinks that they are buying a $1300 coin on sale.Maybe I need more roughage in my diet.
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    it's interesting that DC and some of the supporters of what he does are so mad about this. I'm sure I'm not quoting verbatim what has been said about the DC issues, but how could anyone confuse this with the real thing?? and how is it any different than what the Gallery Mint and others have been doing for many, many years. In fact, it's cheap by comparison.

    as others have said, these have been around for awhile and aren't worthy of getting excited about.
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    GoldbullyGoldbully Posts: 16,864 ✭✭✭✭✭
    image

    Incredible scam...
    How many folks at home understand what 14mg of 24kt of gold amounts to?
    I used the calculator and came up with $.75.....entered .014 grams at 24k
    So if Gold gets to $5000/oz., you got $2.16 in bullion.

    Calculator



    2012 Thread on same subject
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    Incredible scam...
    How many folks at home understand what 14mg of 24kt of gold amounts to?


    how many folks at home understand what "COPY" means??
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    WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    I wanted to save 50% on the shipping so I ordered two!
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
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    GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭


    << <i>how many folks at home understand what "COPY" means?? >>




    I think they realize that some people think of it like if you picked up your own copy of today's newspaper, meaning one of the many that were made. LOL image

    Ed
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    KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭


    << <i>image

    Incredible scam...
    How many folks at home understand what 14mg of 24kt of gold amounts to?
    I used the calculator and came up with $.75.....entered .014 grams at 24k
    So if Gold gets to $5000/oz., you got $2.16 in bullion. >>



    LOLOL Close Goldbully

    31.103 gms @ $1,246 current spot = $40.06 per gm

    1 mg = $40.06/1,000 = $0.04006 x14 = $0.5608 for 14mgs of gold

    31.103 x 1,000 = 31,103 mg per ounce. divided by 14 = 2,221.6428 14 mg portions per ounce

    future price per ounce divided by 2,221.6428 14 mg portions = $9.95 that you paid,

    therefore $9.95 x 2,221.6428 = $22,105.345 per oz for your 14 mgs of gold to equal the $9.95 you grossly over paid. Not gonna happen soon I predict.

    But then you'd have to refine away all the base metal that makes up the bulk of the slug. Subtract those costs and ... well... you never make any money, ever.



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    GoldbullyGoldbully Posts: 16,864 ✭✭✭✭✭


    << <i>

    << <i>image

    Incredible scam...
    How many folks at home understand what 14mg of 24kt of gold amounts to?
    I used the calculator and came up with $.75.....entered .014 grams at 24k
    So if Gold gets to $5000/oz., you got $2.16 in bullion. >>



    LOLOL Close Goldbully

    31.103 gms @ $1,246 current spot = $40.06 per gm

    1 mg = $40.06/1,000 = $0.04006 x14 = $0.5608 for 14mgs of gold

    31.103 x 1,000 = 31,103 mg per ounce. divided by 14 = 2,221.6428 14 mg portions per ounce

    future price per ounce/2,221.6428 14gm portions = $9.95 that you paid,

    therefore $9.95 x 2,221.6428 = $22,105.345 per oz for your 14 mgs of gold to equal the $9.95 you grossly over paid.

    Not gonna happen soon I predict. >>





    OK Mr. CFO...........you had me at 14 mg portions per ounce.

    You sir, must be a man of numbers. image
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    dcarrdcarr Posts: 8,008 ✭✭✭✭✭


    << <i>it's interesting that DC and some of the supporters of what he does are so mad about this. I'm sure I'm not quoting verbatim what has been said about the DC issues, but how could anyone confuse this with the real thing?? and how is it any different than what the Gallery Mint and others have been doing for many, many years. In fact, it's cheap by comparison.

    as others have said, these have been around for awhile and aren't worthy of getting excited about. >>



    I never stated that I was "so mad" about it. I merely pointed out a few facts about the producer.

    But for your information, there is a BIG reason why this is different from other replica coin offerings:
    The bait-and-switch marketing.
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    MsMorrisineMsMorrisine Posts: 32,219 ✭✭✭✭✭


    << <i>it's interesting that DC and some of the supporters of what he does are so mad about this. I'm sure I'm not quoting verbatim what has been said about the DC issues, but how could anyone confuse this with the real thing?? and how is it any different than what the Gallery Mint and others have been doing for many, many years. In fact, it's cheap by comparison.

    as others have said, these have been around for awhile and aren't worthy of getting excited about. >>




    I agree with you.

    who thinks they are getting a 1oz gold buff for $9.95 + s/h ?????



    yawn.



    The audio is mildly humorous, as it described a shortage of blanks and the price of the originals going through the roof!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    MsMorrisineMsMorrisine Posts: 32,219 ✭✭✭✭✭
    second double post ever!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭
    image Goldbully
    I just enjoyed proving a colossal scam with the actual pure truth of high school math.

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    bestdaybestday Posts: 4,220 ✭✭✭✭


    << <i>At $1,250 an oz, 14 milligrams of gold is worth $0.56 total...if you could get any one to pay for the gold content. Pure rubbish that pulls in the naive and poorly informed. A rip off for sure but carefully worded to be legal. >>



    always con people.. a shame
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    ZoinsZoins Posts: 33,910 ✭✭✭✭✭
    If you want to make a comment to the company about this, you can contact Barry M. Goldwater, Jr., the Co-Director of NCM Board of Advisors.

    I also just found out that he's a Life Member of the ANA.

    Not sure if there's anything Barry or the ANA can do here.
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    Not sure if there's anything Barry or the ANA can do here.

    really, there's nothing that needs to be done so I can't understand why anyone should expect anything to be done. the printed ad is clear enough to avoid mistaking it for the real thing, the coin is decidedly different enough that a side-by-side comparison would prove it isn't the "real" Gold coin and it is clearly marked "COPY" in adherence to applicable laws.
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    amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭


    << <i>Not sure if there's anything Barry or the ANA can do here.

    really, there's nothing that needs to be done so I can't understand why anyone should expect anything to be done. the printed ad is clear enough to avoid mistaking it for the real thing, the coin is decidedly different enough that a side-by-side comparison would prove it isn't the "real" Gold coin and it is clearly marked "COPY" in adherence to applicable laws. >>



    I must be blind. Where do you see it marked copy. I figured the way they were getting away with it was by not having the denomination on the coin.
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    Where do you see it marked copy.

    look on the obverse, the Hair-Braid is clearly marked.
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    BillJonesBillJones Posts: 33,486 ✭✭✭✭✭
    The thing is sleazy and reprehensible, but it's not illegal because it has been marked "COPY". If you don't look at the facts, it's easy to get taken.

    How do they get away with selling this thing? It's simple. Given a slick ad campaign, you can sell segments of the American public anything because they are stubborn and stupid. Some people would rather lash out at the people who tell them the truth than the people who rob them. I came to this conclusion after the fall of 2012. Looking from a historical perspective, I think that the American public is greedier and dumber than it ever has been in U.S. history.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,851 ✭✭✭✭✭
    Let's just be honest with ourselves.
    Stupid people have to learn math the hard way: by watching television. Some of them missed a few crucial episodes of Sesame Street.
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    AMRCAMRC Posts: 4,266 ✭✭✭✭✭
    The worst part of this scam is when I go see someone about purchasing their collection and they get irate when I tell them the coins they purchased for $19.99 (or $9.99 now) are not really gold. I cannot even begin to explain how "sure" they are that I am wrong and that somehow by not offering them what ever the going rate is for a Buffalo that I am trying to rip THEM off.

    image
    MLAeBayNumismatics: "The greatest hobby in the world!"
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Somebody sells that bridge every so often.
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    wow!!! you guys get really worked up about the most trivial things.image
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    BryceMBryceM Posts: 11,735 ✭✭✭✭✭
    Garbage like this rubs me the wrong way, but ......... they really aren't breaking any laws.

    There is danger in over-reacting too. By the time we pass enough laws to right every conceivable wrong and protect every possible victim, the myriads of unintended, over-reaching consequences will squash whatever Liberty we have left.

    At some point people need to stand up, engage their brains, put on their big-boy pants and make decisions for themselves. You can't fix stupid and you can't legislate away stupid.
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>You can't fix stupid and you can't legislate away stupid. >>



    image
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    why are people who buy this stuff considered stupid??
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    MsMorrisineMsMorrisine Posts: 32,219 ✭✭✭✭✭


    << <i>Where do you see it marked copy.

    look on the obverse, the Hair-Braid is clearly marked. >>



    They've been marked that way from these guys for years.

    I'm surprised it isn't common knowledge here.

    They used to show more of the obverse in the tv commercials. Lately, I've not seen but maybe a second or two shot of the obverse while the reverse was displayed more.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,851 ✭✭✭✭✭


    << <i>why are people who buy this stuff considered stupid?? >>



    It's us dealers in brick and mortar shops, not keeping up with the stuff, who are stupid image I speak for myself and admit I do not watch television and have "no clue" how I'd deal effectively and fairly with someone who would bring something like this into my shop. The posting that it's "Non Monetary" kind of dumbs me down, seriously.

    On a side note:
    A lot of people tell me they like my television commercials. I tell them "Thanks". But in all seriousness I have no clue what they're talking about, so it's easier to just smile and ask how I look on television. They usually say "Good". I feel so stupid and confused. Excuse me while I go YOU TUBE the Pawn Stars so I can pick up some hints on HOW people want to "deal" with a numismatist.
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    BillJonesBillJones Posts: 33,486 ✭✭✭✭✭
    One night a guy shows up at my local club with the 1796 dated Bust Dollar that has the bust off-centered to the left. This is a well-known variety for 1795 dated Bust Dollars, but it does not exist for the date 1796. The guy says he paid $200 for it on the Internet. I tell him that it is not genuine. His reaction is to get pi$$ed off and tell me that I'm stupid.

    What can you do with people like that? They would rather believe the bogus dung droppings in an eBay description or a barker on TV, both of whom have a vested interest in selling them something, than an honest, disinterested third party expert.

    Where are their brains? If they know that gold is selling for more than $1,000 an ounce, how do they expect to buy a coin that is size of a nickel, that contains close to a quarter ounce of gold, for $19.99? Are they really stupid enough to think that an item advertised on TV for $19.99 has a real market value or issue price of $59.99? That's what the ad tells them about this "1929 Indian half eagle." These people make Forest Gump look like Albert Einstein.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    telephoto1telephoto1 Posts: 4,751 ✭✭✭✭✭
    I freaking HATE these fake Gold Buffalo pieces. A local car dealer has done about three separate mailings over the past year to get people in the door under the guise of a giveaway...you may have won a new car, iPad, Xbox, etc. but you have to bring in your mailing to check the number against all the "winning numbers"...of course they are all winners... the booby prize is one of these bogus pieces. And, who just happens to be located about 30 seconds down the street from said car dealer? Us. All the people who think that they're giving away $1300 coins just to get them in the door and can't read the word COPY comes to us wanting to sell. Sigh.

    RIP Mom- 1932-2012
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    MsMorrisineMsMorrisine Posts: 32,219 ✭✭✭✭✭


    << <i>I freaking HATE these fake Gold Buffalo pieces. A local car dealer has done about three separate mailings over the past year to get people in the door under the guise of a giveaway...you may have won a new car, iPad, Xbox, etc. but you have to bring in your mailing to check the number against all the "winning numbers"...of course they are all winners... the booby prize is one of these bogus pieces. And, who just happens to be located about 30 seconds down the street from said car dealer? Us. All the people who think that they're giving away $1300 coins just to get them in the door and can't read the word COPY comes to us wanting to sell. Sigh. >>



    How many are angry when they get the news?

    Any why...drink stories from this?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    telephoto1telephoto1 Posts: 4,751 ✭✭✭✭✭


    << <i>

    << <i>I freaking HATE these fake Gold Buffalo pieces. A local car dealer has done about three separate mailings over the past year to get people in the door under the guise of a giveaway...you may have won a new car, iPad, Xbox, etc. but you have to bring in your mailing to check the number against all the "winning numbers"...of course they are all winners... the booby prize is one of these bogus pieces. And, who just happens to be located about 30 seconds down the street from said car dealer? Us. All the people who think that they're giving away $1300 coins just to get them in the door and can't read the word COPY comes to us wanting to sell. Sigh. >>



    How many are angry when they get the news?

    Any why...drink stories from this? >>



    LOL. The ones who come in usually leave mad at the car dealer, some laugh it off, but some inexplicably get mad at us as well. The whole thing is one big "why dealers drink" story!

    Just one example...

    Guy comes in..."I have this gold coin and if you don't rip me off I might sell it".
    Me: "It isn't gold. In fact it isn't a coin. It's just a plated replica."
    Him: (taking coin from my hand, getting huffy and pointing) "It has to be a coin; it says $50 right HERE on it so that makes it legal. You don't know nothin'."
    Me: "Funny-you can see the $50 but you can't see the word "COPY" clearly marked on both sides, under the buffalo and under the Indian's chin?"
    Him: "(Bleep Bleep) That don't mean (bleep). *heads towards door* (Bleep) all you crooks."

    A few minutes later, a teller at a bank branch up the street calls about this "coin" a guy is trying to cash in at face value... image

    I also had a budding entrepreneur who came in with about a dozen... he'd been buying them at a discount off of "face" from his buddies... ouch.





    RIP Mom- 1932-2012
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    IcollecteverythingIcollecteverything Posts: 1,029 ✭✭✭
    A while back I saw one of the TV guys with a greasy handful of "UNC" Morgans. As he clunked them around he said, "See those nicks and marks on them? Those are called bagmarks from when they were bouncing around in a bank bag. THAT'S HOW YOU CAN TELL THEY ARE REAL!"

    Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.

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    keetskeets Posts: 25,351 ✭✭✭✭✭
    just think, if the OP had only looked at the object of everyone's derision a little closer he would have seen "COPY" and all this good-natured humor would have been missed. perhaps instead of reliving past experiences and imagining new ones everybody should be jumping on the OP, a collector who missed the coin's true identity. if a "collector" missed that, why would a non-collector be held with such contempt for also missing it??
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    amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭


    << <i>just think, if the OP had only looked at the object of everyone's derision a little closer he would have seen "COPY" and all this good-natured humor would have been missed. perhaps instead of reliving past experiences and imagining new ones everybody should be jumping on the OP, a collector who missed the coin's true identity. if a "collector" missed that, why would a non-collector be held with such contempt for also missing it?? >>



    LOL! Actually,if you will notice the page I linked is not available anymore. While I can not be certain...I do not believe the word copy was visible in the pictures presented as I saw it plain as day when it was pointed out on the 2nd linky! image
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    19Lyds19Lyds Posts: 26,475 ✭✭✭✭
    Fine Print "Slight of Hand" designed specifically to deceive the ignorant masses.

    The same technique was used by the World Reserve Exchange when selling $50 rolls of presidential dollars for $125 a roll.

    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.



    The name is LEE!
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    telephoto1telephoto1 Posts: 4,751 ✭✭✭✭✭


    << <i>Fine Print "Slight of Hand" designed specifically to deceive the ignorant masses.

    The same technique was used by the World Reserve Exchange when selling $50 rolls of presidential dollars for $125 a roll. >>



    I particularly liked the boxes for those that were shaped like gold bars...

    RIP Mom- 1932-2012

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