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Beware World Reserve Monetary Exchange Pres. Dollar Ads

LionelLionel Posts: 536 ✭
in U.S. Coin Forum
Tell your non numismatist friends to watch out for these two page color ads running in Sunday newspapers today.

They offer rolls of 50 "presedential dollars" for a "special fee" of just $88 plus shipping.

They package the 50 coins in a clear plastic roll and put the roll in a long box that looks like a gold brick and has a total gram weight on the ouside.

They give a deadline of 72 hours to call a toll-free number beginning at "8:30 am today" (no date or time zone, ha ha).

Anyway, this takes the cake for hype. It's fun just to read the ad. Anyone else seen this yet?
Anyone can make a difference, but most people probably shouldn't. -- Marge Simpson

Comments

  • jmj3esqjmj3esq Posts: 5,421 ✭
    I have not seen that one yet, but my dad got taken last year by this company when buying the new nickels. He paid something like $116.00 for 20 rolls of nickels. Each roll came in a flashy velvet bag. I wish he had spoke with me first.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    If there is an opportunity to steal, a thief will take it..... I do not care how 'legal' this is, it is still theft. Cheers, RickO
  • AlixTCatAlixTCat Posts: 1,276
    I saw the ad last week. My wife showed it to me. She said, "Is this for real?" and I told her "No!" The ad makes it appear to be a news article, not an advertisement. I'll bet a lot of people have fallen for it and gotten rooked! I know it must be legal, they are not selling anything illegal but, still... it should not be allowed. People get all excited thinking it is a good deal and don't do the math that they are getting $50 worth of coins they could easily get by going to their bank when the coin was issued.
    I hope my mother didn't see it, she might order it for me for my birthday or Christmas. She is not dumb but she doesn't know a lot about coins but likes to get me coins for special occasions.

    Jonathan
    I have been a collector for over mumbly-five years. I learn something new every day.
  • WritersblockWritersblock Posts: 1,196 ✭


    << <i>They offer rolls of 50 "presedential dollars" for a "special fee" of just $88 plus shipping >>


    Interestingly, in the Muncie IN Star Press the special "Vault release fee" was $88, but in the Fort Wayne Journal Gazette, same ad, the special "vault release fee" was $99. I guess they feel the people in Fort Wayne must be even dumber than the people in Muncie.
  • GeomanGeoman Posts: 2,491 ✭✭✭
    It's not as bad as it could be. Paying $88 for $50 isn't as outrageous as I have seen before.

    What would be really bad, is if a company started promoting these as "Golden Presidental Dollars" to make the unsuspecting public think they are actually gold coins; and then charge something like $299 for 50 coins. I actually thought I would see that already, as I saw some ads back when the Sacagawea coins came out from some sleezy companies in which the wording in their ads made it appear that the coins were made out of gold. Some people got taken for a lot of money with that scam.
  • RussRuss Posts: 48,514 ✭✭✭
    http://forums.collectors.com/messageview.cfm?catid=26&threadid=591489

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • 13PacesEast13PacesEast Posts: 712 ✭
    not a scam.

    genius. pure genius.

    know what you don't know.

    hi, i'm tom.

    i do not doctor coins like some who post in here.

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