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.
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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/reports/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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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