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"World Reserve" Announces Ripoff In Sunday Paper

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Rest in Peace
United States
1501 Posts
 Posted 07/14/2008  11:45 pm  Show Profile   Bookmark this reply Add COINAHOLIC to your friends list
A man walks into a bar, luckily it was a "Ballistic Bar" so no injury!
Pillar of the Community
United States
6326 Posts
 Posted 07/15/2008  5:16 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
"free country"....."Capitolism"......"the right to be stupid"........"the right to do things that might hurt me"........"the right to sell a product to anybody who'll buy it".......
Are they selling sunglasses to the blind too ?......shampoo to bald people ?
Did you know that it's "all the rage" lately to buy this Asian face cream product made from bird poop ?...Yes it's true.....it's the Nightingale bird and it's becoming popular and very expensive in Hollywood now !
FACE CREAM + BIRD POOP.........Ahhh Capitolism and free enterprise at it's most obvious glory !!......really something to see aint it folks !

Even though ignorance is bliss.......doesn't this kind of crap just make you annoyed and angry and ruin your day ?
Moderator
Learn More...
United States
188952 Posts
 Posted 07/15/2008  6:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
doesn't this kind of crap just make you annoyed and angry and ruin your da
It does, but as an advocate for personal responsibility, caveat emptor.

We should -- on our own free will -- make it our duty to help educate others about these scams. I think we already do a good job of it here on CCF. I am glad a lot of people (members and lurkers) have been coming here to ask the questions before they make a mistake!

And now, something for Google and the other web-crawlers:

"how to avoid buying worthless coins"
Rest in Peace
United States
9104 Posts
 Posted 07/15/2008  6:19 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
I'm more concerned that when the buyer goes to sell his 500% profit investment in ten yars, he's going to find that any value is reduced by having a non-standard roll.

Then it will all be blamed on the ripoff coin dealer, instead of the ripoff promoter who was prolly selling Ginzu knives last week.
Pillar of the Community
United States
6326 Posts
 Posted 07/15/2008  6:22 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Friday morning I'll be selling shares in the Brooklyn Bridge.
I'll begin "the sale" right here on CCF if anybody's interested !
The bargain price of $350.00 a share is a "steal" for anyone !

P.S.
BiggFredd......
What's wrong with the Ginzu knives?.....those things work grrrreat
!...
Edited by eaglefoot
07/15/2008 6:26 pm
Valued Member
United States
100 Posts
 Posted 07/15/2008  6:31 pm  Show Profile   Bookmark this reply Add Coinwhiz1776 to your friends list
Wow! That sounds like a deal to me! I'll order three and put it next to my Mighty Putty and all the other stuff Billy Mays sold me!

But seriously, if anyone ever buy one of those, they would be wasting $125.
New Member
United States
29 Posts
 Posted 07/16/2008  11:44 am  Show Profile   Bookmark this reply Add Jgoff21 to your friends list
No different than those 2 guys on Coin Country. I can't believe what they ask for some of those coins. It's kind of funny to listen to how they describe the coins. Good entertainment.
Pillar of the Community
United States
858 Posts
 Posted 07/19/2008  08:20 am  Show Profile   Bookmark this reply Add Silver Eagle to your friends list
These ads are a joke, but they must be selling to some people because I've seen them advertising since the release of the Presidential dollars. I love how they go on to mention that these coins make a great investment and they use the example of how "if a person had saved two rolls of 1973 Ikes they would now be worth more than $6,000 today." However, the 1973 Ike has a very low mintage of roughly 2 million coins per mint produced and was only released in mint and proof sets. To compare, the mintage of the Presidential dollar has been roughly 300 million units per coin released. These coins will never be worth more than face, except for the error coins. As for the 1973 Ike, after going through 1,500 Ikes, I have luckily found 2 from this date. These ads are a total con and I feel it is most likely older people who are getting ripped off, probably wanting to purchase something nice for their grandchildren.
Rest in Peace
United States
2668 Posts
 Posted 07/19/2008  5:12 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list
The extreme over-the-topper is poop coffee.

http://en.wikipedia.org/wiki/Kopi_Luwak
Rest in Peace
United States
9104 Posts
 Posted 07/19/2008  11:47 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
" These ads are a total con and I feel it is most likely older people who are getting ripped off"

Case in point, I had a call from a guy wanting to sell his "collection" of bullion silver eagles in MS69. Numismedia retail $1800, he had $2500 in them, and it wasn't because he bought at the silver peak.
Rest in Peace
United States
3730 Posts
 Posted 07/23/2008  02:50 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list
It's really a shame. Older people mostly will "invest," and then find out later how they wasted their money.

I've seen the same ads, and believe me they cost thousands. So, no doubt the company is making plenty of money.
Pillar of the Community
United States
5318 Posts
 Posted 07/23/2008  03:15 am  Show Profile   Bookmark this reply Add KurtS to your friends list

Quote:
We should -- on our own free will -- make it our duty to help educate others about these scams.
Just one reason CCF is such a great place--people go out of their way to educate each other.
Valued Member
United States
128 Posts
 Posted 07/23/2008  11:30 pm  Show Profile   Bookmark this reply Add ptb to your friends list
For Sale: One "fresh from the vault" Personlally Hand picked with white cotton gloves directly out of the jumbo roll of Presidential dollar coins - any currently minted presidential coin is available for $1.25 ezch. Shipping and handling is normally $15.00 however, today only S&H is $14.99. Call now while supplies last.
Valued Member
United States
56 Posts
 Posted 07/26/2008  1:36 pm  Show Profile   Bookmark this reply Add rbf to your friends list
Yeah, those ads from the "World Reserve" are astounding. I have to admit, when I first saw the ad in the paper, even I initially thought it was something legitimate (and I'm usually not that gullible). It wasn't until I read further into the "article" that I realized it was just some stupid marketing ploy. The funny thing is, there's a part of me that despises them and their tactics, and another part that says "why couldn't I think of something like that?".
Pillar of the Community
United States
2589 Posts
 Posted 07/27/2008  4:39 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list
i once had a woman who knew I was a coin collector come into my bank asking if I wanted to purchase two of those stupid ballistic tubes for double face value, she said that they were a great deal and would go up in value tremendously. I told her I could get the same coins from the fed for face value, and offered her face value for them. She got offended and left, hopefully she wont be foolish enough to purchase any more of them.
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