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Replies: 18 / Views: 3,835 |
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Moderator
 United States
6563 Posts |
Quote: 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 "10th Anniversary September 11th 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. I'd pay $1 for it and no more.
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Valued Member
United States
287 Posts |
? 
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Pillar of the Community
United States
1150 Posts |
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Valued Member
United States
362 Posts |
I would not take it even if it was given to me, pure junk.
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Pillar of the Community
 United States
2448 Posts |
I saw this months ago. It's a tragedy that those people are using 9/11 to make money. Read the disclaimer the Mint has posted.
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Pillar of the Community
 United States
594 Posts |
Quote: It's a tragedy that those people are using 9/11 to make money But it's okay if the U.S. does it?
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Pillar of the Community
United States
1817 Posts |
No, it is pure & simple greed. NCM & the Liberian government have no connection to the 911 commission. The 911 medal, on the other hand, might be tastefully done & endorsed by the government.
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Moderator
 United States
189142 Posts |
Quote: But it's okay if the U.S. does it? What you have linked is not a US Mint product.
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Pillar of the Community
 United States
594 Posts |
Quote: What you have linked is not a US Mint product. I never said it was. However the U.S. Mint is going to have their own. That's probably why they are bashing it. So the question is, that it's not alright for the Liberians to make the commemorative, but it is for the U.S.? Quote: No, it is pure & simple greed. NCM & the Liberian government have no connection to the 911 commission. The 911 medal, on the other hand, might be tastefully done & endorsed by the government. But does that make it alright for them to do it? It's a question of morals. To profit from the death of others or not.
Edited by KenRingold 04/25/2011 9:24 pm
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Bedrock of the Community
United States
12437 Posts |
Liberia has ZERO connection to September 11 not to mention the fact that NCM merely pays a licensing fee to Liberia to be able to mint coins under their sovereignty. However, Liberia is just one step above a failed state with their former leader currently on trial at The Hague for Crimes Against Humanity. Look up the word corruption in a dictionary and you just might see a picture of the Liberian Government.
The official September 11 medal to be issued by the US Mint is a fund raising, not profit driven, vehicle with $10 of each purchase going to to the National September 11 Memorial & Museum to support its operations and maintenance.
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Moderator
 United States
189142 Posts |
 What he said.
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Valued Member
United States
172 Posts |
also agree with bio.....id buy the U.S. mint medal....would NOT buy anything from any other government that dealt with 9/11......but to each their own
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Pillar of the Community
 United States
594 Posts |
It may not be profit driven, but that doesn't mean the Mint isn't going to make a profit. Otherwise it would be 100% of the proceeds going to them instead of $10 per purchase. So what you are saying is that it is okay. And if it is okay to profit from deaths, I can see the mints now. They are minting commemorative coins like mad with former Presidents on them, just waiting for them to die to release them. Sounds morbid and gruesome to me. Anyways, I think I/we got off topic here. I'm done.
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Bedrock of the Community
United States
12437 Posts |
Quote: Otherwise it would be 100% of the proceeds going to them instead of $10 per purchase.
You seriously expect the Mint to produce the medals at a LOSS by turning over 100% of proceeds to the 9/11 Memorial? I think that is a rather untenable position regardless of where the proceeds are going, the US Mint is not a charity organization. Judging by your comment about dead Presidents, I think you have a profound misunderstanding about what the Mint can actually do- their only task is to produce the nation's coinage. Coin and Medal legislation is proposed and written by Congress and this specific legislation was written by Rep. Gerald Nadler(D-NY) whose district includes Lower Manhattan. The legislation has to pass both the House and Senate and then be signed by the President. Once the law is signed, it is sent to the Commission of Fine Arts and the Citizens Coinage Advisory Committee for them to help select potential designs based upon the wording of the legislation. For the 9/11 medal, it is worded as such- The legislation calls for a design "emblematic of the courage, sacrifice, and strength of those individuals who perished in the terrorist attacks of Sept.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."
Specific verbiage shall be an inscription of the years 2001-2011 and an inscription of the words "Always Remember."
Once the CFA and CCAC make recommendations on designs, the Secretary of Treasury is responsible for picking the final design but Little Timmy Tax Cheater apparently holds those two groups in contempt since he seems to often select designs not recommended(the horribly PC Boy Scout and Platinum Eagle designs come to mind...). As you can see, the US Mint has very little control over the coins and medals it is tasked with producing. They have no say in series, subject, or design- they can only mint what they are told to mint, simple as that.
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Bedrock of the Community
United States
14454 Posts |
one other thing that hasn't been mentioned when the US mints something they will tell you if its clad or if its pure silver (only two options) The NCM tells and advertises their junk as recovered silver and 100mil of silver over a base metal (but they emphasize the 100mil of silver and barely mention the base metal). If the US Mint coins are silver you know they are up to .999 pure and at least 40% Silver, not some layered crap the "private mints" push to make a profit
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