• Report: #814235

Complaint Review: National Mint Collectors Inc

  • Submitted: Tue, December 27, 2011
  • Updated: Tue, December 27, 2011

  • Reported By: Josh — Logan Utah United States of America
National Mint Collectors Inc
Internet Internet United States of America

National Mint Collectors Inc ncmint.com Consumer bewhere Internet, Internet

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Dear Friends on Rip off report,

 I'm just writting this report in the hope of helping other consumers that could quite easily be ripped off by a misleading TV advert there is a company out there be the name of National Collectors mint they've recently been advertising on TV claiming to have 2012 Buffalo coins at a huge discount of $9.95 from ($50) previously , plus postage and handling. what consumers need to be careful of is that the gold they claim it contains is only 14 mg a mg is actually only a 1000th of a g so doing the maths there are approximatly 31.8 g's to 1 oz, an oz of gold is worth around $1600 at todays spot price so 1 gram (g) is 1/31 of an oz making 1 (mg) 1/3100 of an oz so doing the maths divide 3100 into $1600 and you get the true value of the coin which makes it worth about $ 0.51 c . 

 True buffalo coins can be purchased by reputable companies such as APMEX  (American precious metals exchange) US mint etc etc Real American Buffalo coins come in about 4 sizes 1oz $50 they are stamped (1 oz .9999 fine gold),(1/2 oz $25) , (1/4 oz $10 ), (1/10 oz $5) so it is buyer beware if they are thinking of buying these coins at some ridiculously cheap price the truth is even at $9.95 there getting ripped off.

This report was posted on Ripoff Report on 12/27/2011 09:19 AM and is a permanent record located here: http://www.ripoffreport.com/r/National-Mint-Collectors-Inc/internet/National-Mint-Collectors-Inc-ncmintcom-Consumer-bewhere-Internet-Internet-814235. 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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