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 Replies: 13 / Views: 2,198 |
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Pillar of the Community
United States
932 Posts |
Check this out: https://a.govid1.com/nationalcollec...ideo1199.mp4Note: made by a PRIVATE mint and only has 14mg of actual gold. Also, they are selling them for $10. What a scam.  They're trying to reel people in that don't know about coins, but have seen the photos of the actual $50 gold piece. |
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Pillar of the Community
United States
1191 Posts |
Aren't they losing money by selling a $50 coin for $10? Doesn't make any sense.
Edited by Hello There
09/20/2015 5:24 pm
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Pillar of the Community
Canada
3049 Posts |
but you get a certificate of authenticity!! how could it be a scam?!!
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Pillar of the Community
 United States
932 Posts |
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Pillar of the Community
United States
932 Posts |
14 mg of gold is about 63 cents worth also.
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Bedrock of the Community
United States
20753 Posts |
Quote:
14 mg of gold is about 63 cents worth also. However, IF Gold should suddenly jump to about a million dollars an ounce, then look what you'ld have.  Quote:
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but you get a certificate of authenticity!! how could it be a scam?!! Couldn't ask for more.  |
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Pillar of the Community
United States
7734 Posts |
They wouldn't be selling them for 10$ unless they were making money.
If you only pay attention to the first 30 seconds of the "infocommercial" you might think you are getting a 24k 50$ gold Buffalo. There are people that fall for this every day. It's a tactic from marketing 101.
I'm sure they'll sell another boat load of these things that are probably made under contract with a shop in China.
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Forum Dad
 United States
24243 Posts |
They have copy stamped on them, they CLEARLY call it a tribute copy, and CLEARLY say there's only 14mg of gold.
No scam here, move along people.
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Pillar of the Community
 Canada
9909 Posts |
Of course it's a scam, OspreyCoins has been led to believe he'll get 63 cents worth of gold when in fact he'll get closer to 50 cents worth.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
932 Posts |
Sorry my numbers were based off of an unrevised melt value calculator.
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Pillar of the Community
United States
932 Posts |
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No scam here, move along people.
Are you sure? I beg to differ. |
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Forum Dad
United States
24243 Posts |
They tell you exactly what it is (in a pretty booming voice) and give you a price. No big deal, sorry.
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Pillar of the Community
United States
6370 Posts |
Deceptive marketing, yes.
Scam, no.
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Pillar of the Community
United States
3463 Posts |
So people with any common sense at all don't know that you aren't going to get a pure Gold coin for $9.95?
I'm sure they will sell out, how does the saying go, a fool and his money?
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Replies: 13 / Views: 2,198 |
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Posted 09/20/2015 5:25 pm
