• Report: #554789

Complaint Review: National Collectors Mint Inc.

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  • Submitted: Thursday, January 14, 2010
  • Last Posting: Friday, January 22, 2010
  • Reported By: sruly — suffern New York USA
National Collectors Mint Inc.
Internet Internet United States of America

National Collectors Mint Inc. "buffalo coins" Internet

*Consumer Comment: i agree with mike_


1Author 3Consumer 0Employee/Owner

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i had seen a commercial for "buffalo dollars" so being dumb i bought 1.
after finding out it was a fraud, i saw the coin was a FAKE! the commercial said the coin was MADE OF GOLD AND WORTH A LOT AND ITS WORTHLESS!! i cancelled my order SUCCESSFULLY, BUT THEN I SAW I WAS CHARGED again! i tried returning it when it came , but i couldnt get hold of proper customer support! PLEASE HELP! during these difficult financial times, I CANT AFFORD TO BE RIPPED OFF LOSING CLOSE TO $27. EVERY DOLLAR IS IMPORTANT ESPECIALLY IF U DONT HAVE A JOB! PLEASE HELP ME IN SOME WAY! 

This report was posted on Ripoff Report on 1/14/2010 8:50:15 PM and is a permanent record located here: http://www.ripoffreport.com/internet-fraud/national-collectors/national-collectors-mint-inc-b8273.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Interesting

AUTHOR: Cory - San Antonio (U.S.A.)

SUBMITTED: Friday, January 15, 2010

"during these difficult financial times, I CAN'T AFFORD TO BE RIPPED OFF". IF you can't afford to be ripped off, AND DON'T HAVE A JOB, WHY are you buying crap advertized on TV? I agree these coins ARE a rip off BUT, IF you paid attention to their sales pitch, they go on about how they are LAYERED in G-E-N-U-I-N-E 24karat gold, which is the same thing AS BEING DIPPED or plated. They pitch them to look like and sound like the US 1 oz. gold buffalo which is around $1200 or more. So what you bought is worth MAYBE a $1 or $2 AT MOST. Those peddlers came into my shop the other day selling SNUGGIES, those blankets with arms.. One for $5 or 3 or $10. Lately, I've seen ALL that crap advertized on TV at either walmart or dollar general. You asked for some help. Here's some. DON'T buy any crap off the TV.
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#2 Consumer Comment

The ad does say

AUTHOR: Mike - Olney (U.S.A.)

SUBMITTED: Friday, January 15, 2010

Each coin contains 31 milligrams of pure gold (24k).

So, let's see... As of 1/15/2010 at 2:30PM New York Time

Gold was $36.29 per gram.

$36.29 x .0031 = .1125 CENTS worth of gold.

I'm not sure what you were thinking when you ordered, but the ad _never_
says it was 'Made of Gold and worth a lot'.

We're you expecting to get a US minted coin made out of pure gold for
twenty bucks?

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#3 Consumer Comment

I agree with Mike.

AUTHOR: Flynrider - Phoeix (U.S.A.)

SUBMITTED: Friday, January 15, 2010

    I've seen this commercial and nowhere do they say that this coin is "MADE OF GOLD AND WORTH A LOT". They clearly states that it is plated with 31 milligrams of gold. 

   Why would you think that someone would sell an actual gold coin on TV for 19.95?  Common sense would tell you that it would not be possible.

   Real gold buffalos look like this, are made of 31 GRAMS of gold and sell for around $1240 (at todays spot price).

 


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