National Collector’s Mints lies caught up to them, must pay $750,000 settlement

[jeff of pa]

National Collector’s Mint's lies caught up to them, must pay $750,000 settlement

Back in 2010, with the tenth anniversary of the Sept. 11, 2001 attacks on the horizon, Congress authorized the U.S. Mint to produce and sell a commemorative medal. But that didn’t stop one company from advertising imitation versions it called “exclusively authorized” 9/11 commemorative dollar coins.

Thing is, the folks at the National Collector’s Mint hadn’t been given any sort of exclusive authority by the government to make the coins. And though one might not need anyone’s approval to sell a piece of metal commemorating the tragic event, you probably shouldn’t stamp that piece of metal with the words “One Dollar” if you don’t want to tick off the government.

Sellers Of Imitation ?Exclusively Authorized? 9/11 Commemorative Coins To Pay $750,000 ? The Consumerist

 

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[BosnMate]

Wouldn't that be called "counterfeiting?"

 

[WoofWoof]

Also they are offering "own tribute copy of the $50 gold Buffalo, clad in 14 mg of pure gold. National Collector's Mint's private nonmonetary minting recreates James Earl Frasier's American Buffalo."
That amounts to about .71 in gold melt for only $9.95 + S&H

 

[pong12211]

These people are crooks in my opinion.. They take advantage of the uneducated with their slogans and advertising.. Not saying people who buy these coins are uneducated but misinformed.. They pass these coins of as something special and vaulable and they are simply junk.. I say to them serves you right for getting fined and hope you screw up again and get fined again... These sorts of people are why we need to remember the slogan buyer beware..

 

[cti4sw]

I never buy anything by NCM. Everything they make is pure garbage.