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Ally Bank "Lucky Pennies"

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 Posted 10/21/2016  9:58 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
Although I was being facetious about the counterfeit remark, since there were questions posted...

The Chinese fakes would not be made to be placed on the streets, but sold with the idea that the shyster buying the fake would report it to claim the 1000.00.

In China, labor payment is so little that having the dies made would likely be very inexpensive compared to one being made here. I believe An outfit like Big Tree (possibly the largest Chinese fake coins makers) already have the in-house ability. Seeing pictures of the huge collection of dies they have is rather scary.

Seeing as most of what Big Tree sells goes for $1.50 a fake, Big Tree could set their purchase price for fake Ally Pennies @ $250.00, thus leaving the (illegitimate) finder $750.00.


On the Dark Web, people 1/2 "face value" cost for legitimate looking counterfeit currency (different countries) in large bundles. Big Tree asking for 1/3 reward for an Ally Penny value would be a bargain for crooks who do things like this.

Sad world we live in.
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 Posted 10/21/2016  10:24 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
Ally will make the finder tell exactly where it was found. A fake finder won't be able to match where Ally left them.

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 Posted 10/21/2016  11:56 pm  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list

Quote:
It is no different than getting a foreign coin or other token in change or a roll find.


Always love the way you ground us, JBuck.

I, personally, don't see the difference between this and the Sunoco coins of the (whenever they were '70's) as long as they don't try to pass them as legal tender.

The best we can hope for is that this will renew interest in looking for and collecting coins again. Worst case is that someone gets a bad penny.

I suppose that fake pennies might undermine our economy at some breakpoint but I think it would take more effort and cost more than it is worth.
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 Posted 10/22/2016  12:02 am  Show Profile   Bookmark this reply Add Omegaraptor to your friends list
What if someone just decided to keep one?
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 Posted 10/22/2016  01:16 am  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list

Quote:
What if someone just decided to keep one?


That would be a true numismatist
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 Posted 10/22/2016  09:04 am  Show Profile   Bookmark this reply Add twslisa to your friends list
Hmm. I assume Ally thought about counterfeiting. Maybe the REAL coins have something unique about them that will be recognizable when people try to turn in their "finds." Is the pic posted earlier from their site, or from the guy who found one?
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 Posted 10/22/2016  09:28 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Well the real ones are supposed to have an verification code on the reverse. Since fake ones wouldn't have valid codes they couldn't be used to claim the $1,000 prizes. So all a counterfeiter could do would be to try and sell them to people and then disappear before the buyers learn they have fake codes. Offering to sell tokens that can be redeemed for $1K for $250? yeah I'm sure you will find a few foolish suckers, but it sounds like more work than it is worth.
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 Posted 10/22/2016  10:29 am  Show Profile   Bookmark this reply Add KenKat to your friends list
I remember this one time I found a golden ticket inside a chocolate bar and I got to tour a really cool chocolate factory with my Grandpa. Turns out the guy gave me the chocolate factory at the end and so now I own a chocolate factory. But wait, I don't own a chocolate factory. Maybe I just dreamt this...

If I found one of these tokens, I would take the thousand bucks.
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 Posted 10/23/2016  05:02 am  Show Profile   Bookmark this reply Add mvl9591 to your friends list
If I found one of these tokens I would take the 100,000 cents and coin roll hunt for the next year or so. (My social life isn't that great!)
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 Posted 10/23/2016  10:31 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Quoting from the rules


Quote:
Lucky Pennies in the course of their regular activities, not to encourage hunting for Ally Lucky Pennies in obscure locations or travel. Automobile dealerships in which Ally Lucky Pennies may be placed by Sponsor will display signage indicating that such dealerships are participating in the Sweepstakes. Except for such automobile dealerships, Ally Lucky Pennies will not be placed by Sponsor in retail stores or on other private property. Sponsor will place the Ally Lucky Pennies in plain sight (such as, by way of illustration only, on a sidewalk in a public park) and will not place Ally Lucky Pennies in areas that members of the public are not generally permitted to enter, or in locations where an Ally Lucky Penny could not be found without extensive searching or the moving of items (by way of example, an Ally Lucky Penny would not be hidden by Sponsor underneath a trash can, or in a storage room or closet, or behind or underneath merchandise on a shelf).
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

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 Posted 10/23/2016  1:14 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
@KenKat


Thanks for the bucketful of laughs.

When I was math teacher I duplicated the Golden Tickets from the original show by changed a but of the wording. Basically if a student got a 100& on the homework for a chapter and the chapter review, they did not have to take the test for the chapter (they always had to show every step they took in figuring out their answer).

The only one I ever was able to award was to a kid who took the test anyway instead of turning in the ticket. When I asked him why he wanted to take the test he said b/c the ticket looked authentic enough that he wanted to keep it! And, yes, of course we both knew he would get an A anyway... which he did.

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
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 Posted 10/24/2016  07:19 am  Show Profile   Bookmark this reply Add IamCam to your friends list
Haha, Kenkat.

The Ally pennies are no where near where I live. Of course I would turn it in for the cash value if I ever came across one. As I am new to the coin collecting hobby, I find myself thinking I see a dropped coin here or there when I am out and about, and most often it turns out to be a false alarm. Even before my new interest, I always stooped down to pick up a penny if I saw it on the ground.
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 Posted 10/25/2016  09:49 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
Their website gives detailed clues to where to find them.
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 Posted 10/26/2016  12:53 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list
They each have a code on them. So you can't use a replica. And it doesn't matter where it is found. Someone may pick it up thinking its a penny, and then give it away, or try to spend it. On their twitter feed it said one was picked up but not claimed yet. And they encourage you to check your pockets to see if you already have one. I'm sure they will eventually end up on ebay once the contest ends. You would just have to get access to the code list to see if it was real or not.

I like it. Great idea.
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 Posted 10/26/2016  12:54 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list
Great for advertising. Anytime you can get your brand on the news for good without having to pay for the advertising. And make people talk about your company.
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