willieboyd2 Posted August 24, 2006 Report Share Posted August 24, 2006 From the Arizona Republic newspaper: Barry Goldwater Jr., son of an Arizona political icon, is continuing his role as the celebrity face of a New York company forced last year to refund more than $2 million to customers who bought its Sept. 11-related "Freedom Tower Silver Dollar". On the eve of the fifth anniversary of the attacks, National Collector's Mint Inc. has released a new commemorative token, called the "Fifth Anniversary World Trade Center Commemorative", featuring a pop-up image of the World Trade Center. New York State Attorney General Eliot Spitzer disagreed last year when he sued National Collector's Mint over its advertised claim that the Freedom Tower coin was a "government issue" silver dollar and a "U.S. territorial minting" from the Commonwealth of the Northern Mariana Islands. The coin was not government issued. The islands use U.S. currency and are not authorized to mint legal tender. In October, a New York Supreme Court judge, the equivalent of Arizona's Superior Court, ordered National Collector's Mint to pay nearly $370,000 in civil penalties. The medallion is advertised as having 15 milligrams of 24-karat gold and being 0.999 pure silver. Based on Wednesday's closing market price, the amount of gold in them is worth 33 cents and the silver is worth one-sixth of a cent. Experts caution consumers to be aware when they plunk down cash for commemorative items that resemble coins. If a price is too good to be true, it probably is. Arizona Republic article Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.