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  • Report: #236295

Complaint Review: National Collector's Mint

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  • Submitted: Sun, February 18, 2007
  • Updated: Fri, January 20, 2012

  • Reported By:Los Angeles California
National Collector's Mint
8 Slater Street Port Chester, New York U.S.A.

National Collector's Mint - National Collectors Mint Twin Towers Memorial Coin TV Scam is BACK!! ripoff Port Chester New York

*Consumer Comment: National collectors rip off

*Author of original report: WTC COMMEMORATIVE COIN CON TWIN TOWERS 5TH ANNIVERSARY PROOF SPOOF 9/11 POP-UP PROCEEDS TO CHARITY SCAM SHAM GOLD SILVER COLLECTORS MINT SHI* - PART 2

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THEY'RE BACK.

Now it's "Genuine" 9/11 World Trade Center FIFTH Anniversary coins, featuring a spiffy pop-up of the twin towers which it claims were made with silver from a bank vault found under tons of debris at ground zero. They also claim that $5 of the purchase price of each coin goes to charity.

Remember when the National Collector's Mint tried this same "commemorative" scam before in 2004 and were shut down by New York Attorney General Eliot Spitzer?

WELL, NOW NATIONAL COLLECTOR'S MINT IS AT IT AGAIN, SELLING YET ANOTHER TWIN TOWERS "MEMORIAL" COIN!

Interestingly enough, an attempt to boost their image by a hefty contribution to the WTC Memorial Foundation this year was rejected by the organization on moral grounds. The donation by National Collector's Mint was meant to boost sales of their new "Freedom Tower Silver Dollar."

WTC Memorial Foundation president and CEO Joseph Daniels said of rejecting the donation, "We weren't comfortable because of the history. They were investigated by the Attorney General's Office and ended up settling."

Indeed.

The National Collector's Mint claimed that each of their Silver Dollars were made from silver that was found in the "remains" at Ground Zero.

Like so many others, I lost over three hundred dollars ($300) in coins I purchased but never received from this company.

Instant Replay*******
"It is a shameless attempt to profit from a national tragedy," Spitzer said. "This product has been promoted with claims that are false, misleading or unsubstantiated." Spitzer has filed a civil suit in state Supreme Court.

Tom Conway, head of the state's Consumer Frauds and Protection Bureau, said an investigation into the company began with consumer complaints and a referral from the U.S. Mint.

The U.S. Mint offered this statement: "The United States Mint wants to alert consumers and the public about a new product being marketed by a private firm -- the National Collector's Mint, Inc. The National Collector's Mint, Inc. advertises this product as a "Freedom Tower Silver Dollar" originating from the Commonwealth of the Northern Mariana Islands and claims that it is a "legally authorized government issue" coin."

The New York Supreme Court issued a temporary restraining order against the National Collector's Mint, Inc., immediately halting the advertisement and sale of the "Freedom Tower Silver Dollar." Consumers who have questions or concerns about the "Freedom Tower Silver Dollar" can contact the New York Attorney General's Office.

State Supreme Court judge Justice Joseph R. Cannizzaro ruled in Albany that the National Collector's Mint Inc. committed fraud, false advertising and deceptive business by marketing its "2004 Freedom Tower Silver Dollar" commemorating Sept. 11, as a "legally authorized government issue silver dollar" made with pure silver from ground zero.

Attorney General Eliot Spitzer has said the coin, which the company said had a value of $49, was worth about a cent and a half. The judge has yet to decide on penalties.

A class action lawsuit has been filed against National Collector's Mint Inc., the manufacturer of the so-called Freedom Coin.
Instant Replay ended*******

N. C.
Los Angeles, California
U.S.A.

This report was posted on Ripoff Report on 02/18/2007 07:09 AM and is a permanent record located here: http://www.ripoffreport.com/r/National-Collectors-Mint/Port-Chester-New-York-10573/National-Collectors-Mint-National-Collectors-Mint-Twin-Towers-Memorial-Coin-TV-Scam-is-236295. 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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#1 Consumer Comment

National collectors rip off

AUTHOR: Beshoff22 - (United States of America)

Why can't the government shut this place down for counterfeiting. I too was scamed by this place. And after canceling my order they attempted twice to collect. I called and was told they had canceled the order. So after all that I removed the hold on my credit card and national collectors mint still charged me. Please continue to pursue legal justice with this place and get them shut down.
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#2 Author of original report

WTC COMMEMORATIVE COIN CON TWIN TOWERS 5TH ANNIVERSARY PROOF SPOOF 9/11 POP-UP PROCEEDS TO CHARITY SCAM SHAM GOLD SILVER COLLECTORS MINT SHI* - PART 2

AUTHOR: Nadia - (U.S.A.)

"As seen on TV". And this somehow makes it legitimate?

To add to the irony, political clout is being applied as "proof" that National Collector's Mint, Inc. is now an honest business. Former congressman Barry M. Goldwater, Jr., director of NCM, is prominently featured on the website in a shameless bid to win the trust and confidence of unwary buyers.

Odd, for a newly enlightened, reformed, honest business, that there is no mention on the website of the company's murky history nor of its past criminal activities.

But then again, why should they? After all they're "on TV", Gee whiz! That ought to be enough for the good ol' gullible American public, right?

It's time these piranhas were stopped. They've fed off their victims long enough.
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