I know these guys have some shady practices, I've seen some warnings from the US Mint. But what is the deal with these? They don't say copy? Are they real? If so, isn't 39 bucks a decent price? What am I missing? http://ncmint.com/product2.jsp?path=-1|10335&id=1484
What you would be missing: 1) Your money! 2) Almost all dates that are more than 91 years old. 3) Your money! 4) Problem-free specimens. 5) Your money! By the way, did I mention that you would lose money on the deal? Chris
Yes, it's $39 but you don't get to choose date, mintmark, or condition -- none of which were mentioned in the ad. So the coin you receive might just be worth $39 -- or not. But my guess is that you won't receive a beautiful coin like the one in the photo.
As ahearn says they make no mention of date, mintmark, or condition. They show a nice high grade coin, but you would probably receive VG - F common dates that you can buy for around $28 to $30 or so depending on what the spot price of silver is.
If the mint felt the need to warn people about these guys, I would stay away. There are plenty of reputable dealers to go around, many of them are members here. Go to your local dealer and select the coin that you want.
Yeah, $39+shipping is way too much to pay for a common, circulated Morgan (which is what you'll get). Melt is $24.52 right now. And I'm sure you'd get a Morgan that's just worth melt. From that website: "* STRICT LIMIT OF 100 " Haha. The tactics used to advertise coins to non-collectors are hilarious.
What brought me to this site was an announcement/ad on the radio that a "cache" of Morgans had been found...lol. Like an accident on the road... I had to look.
Like this... http://www.usmint.gov/consumer/?action=hotitems And this one... scroll halfway down... http://www.usmint.gov/consumer/?action=archives
Well.. I found an online ad they run that states... National Collector's Mintannounces a special release of Morgan Silver Dollars 91 - 134 years old at $39 each. Several national dealers charge over $40 MORE for a comparable Morgan Silver Dollar. These Morgans are among the last surviving originalsstill in existence, and each coin is guaranteed to be in Brilliant Uncirculated to Fine condition. Sory for the bold type...that's from the site. So... they ARE advertising coins past 91 years old and in BU to Fine condition. I just love ads like this... I am now filled with a sense of urgency to get my rare Morgan dollars NOW.. before they are all gone.
Ok - thanks - I found it in your second link........ http://www.usmint.gov/consumer/?action=archives "Commonwealth of the Northern Mariana Islands' "Freedom Tower" Silver Dollar 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. On October 13, 2004, 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 at www.oag.state.ny.us or by calling the Attorney General’s consumer help line at (800) 771-7755 (in-state) or (518) 474-5481 (out-of-state). The "Freedom Tower Silver Dollar" is not a genuine United States Mint coin or medal. Under the Constitution, Congress has the exclusive power to coin money of the United States. Congress has delegated its authority to mint and issue coins to the Secretary of Treasury, and Congress requires the Secretary to carry out these duties at the United States Mint. Thus, the United States Mint is the only government entity in the United States with the authority to coin money. Clearly, the Commonwealth of the Northern Mariana Islands, a U.S. insular possession, does not have the authority to coin its own money. Consumers may find the advertisements for this product confusing because the National Collector's Mint uses phrases such as "legally authorized government issue," "U.S. territorial minting," and "silver dollar." The product itself may be confusing because it bears the denomination "One Dollar" and the inscription "In God We Trust," which Congress requires on all United States coins. Congress did not authorize the National Collector's Mint product, and the United States Government does not endorse it."
And this was in the first link.. 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. The National Collector's Mint advertises this product as a "10[SUP]th[/SUP] Anniversary September 11[SUP]th[/SUP] Commemorative Dollar" and claims that it is a "Liberian government authorized legal tender coin." This product is not a genuine United States coin or medal. Under the Constitution, Congress has the exclusive power to coin money of the United States. Congress has delegated its authority to mint and issue coins to the Secretary of Treasury, and Congress requires the Secretary to carry out these duties at the United States Mint. Thus, the United States Mint is the only government entity in the United States with the authority to coin money. Consumers may find the advertisements for this product confusing because the National Collector's Mint uses phrases such as "legal tender dollar." The product itself may be confusing because it bears the denomination "One Dollar." Congress did not authorize the National Collector's Mint product, and the United States Government does not endorse it. The only official United States coin or medal to commemorate the 10[SUP]th[/SUP] anniversary of the September 11[SUP]th[/SUP] attacks is the "National September 11 Memorial & Museum Commemorative Medal," which is authorized by Public Law 111-221 (approved by the President on August 6, 2010). The design of these medals will be emblematic of the courage, sacrifice, and strength of those individuals who perished in the terrorist attacks of September 11, 2001, the bravery of those who risked their lives to save others that day, and the endurance, resilience, and hope of those who survived. Each medal struck will bear an inscription of the years "2001-2011" and an inscription of the words "Always Remember." These national medals will be struck by the United States Mint and made available for sale to the public later this year. Surcharges received by the United States Mint from the sale of the medals are authorized to be paid to the National September 11 Memorial & Museum at the World Trade Center to support the operations and maintenance of the National September 11 Memorial & Museum at the World Trade Center following its completion.
On that first link, if people can't understand what "Liberian government authorized legal tender coin." means then they shouldn't be collecting coins.
Brilliant Uncirculated to Fine condition. Wow! I hope I get the higher end of the spectrum, "Fine". How do I know it is better? because it comes last. It is even better than Uncirculated. Maybe they look like those plastic box coins from the 70's 80's 90's and such that have white heads and black or mirrory background. I might be able to use it to brush my hair if I put a hole in one and nail it to the wall. Possibilities, possibilities, so many I should buy the limit...
Someone had to come up with some random scenario where some uninformed lunatic came up with a reason to buy worthless, or much lower value than priced, stuff. Must have been my turn
Websites like that always have a ploy to rip off uneducated coin collectors. The range of Fine to BU is pretty big. I'm pretty sure the majority of the coins they send out if any will be Fine to Very Fine.
I think you are over estimating them. I would expect almost all fine, and a few they accidentally send out to be very fine
And if you think every person who collects coins knows what that means then you shouldn't be commenting on other peoples comprehension levels. It is meant to obscure and obfuscate... else why would the U.S. Mint feel the need to comment? I guess you are saying that if someone doesn't have a firm grasp of the English language they should not be a numismatist? ****... they won't even be able to say it. Arrgh... censored for H E Double toothpicks?
