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Solid Silver

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Author Previous TopicReplies: 8 / Views: 1,647Next Topic  
New Member
bonly1's Avatar
United Kingdom
8 Posts
 Posted 10/30/2012  12:55 pm Show Profile   Bookmark this topic Add bonly1 to your friends list Get a Link to this Message Number of Subscribers
Is this advert from London Mint fair? (I'm NOT buying by the way)
http://www.londonmintoffice.org/bri...nJtAodo2cAvQ
Pillar of the Community
kena's Avatar
United Kingdom
1682 Posts
 Posted 10/30/2012  1:39 pm  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
Not at all.

1937-1946 Half Crown 0.5 Silver 0.2273 oz. ASW

Spot price for silver is: £19.88

So there is £4.50 worth of silver in the coin and they want £29.95 for it (on special for £20 off, so the normal price would be £49.95).

Don't forget: urther Benefits:

If your application for the last British silver half crown is successful you will be entitled to view further coins in The Legacy of Silver Collection, a historic collection comprised of original silver coins that circulated as real coinage in old Europe.

The full collection, which will be housed in a superb presentation case, consists of ten silver coins from nations such as Great Britain, Switzerland, the Vatican, and France to mention just a few.

These further coins will be sent at approximately monthly intervals for the privileged price of £49.95 (plus £2.95 P&P) payable upon receipt, always on approval and without obligation. You may cancel at any time.

I personally would rather spend that money towards a set of the silver Britannia 1 ounce coins.

I really feel sorry for folks who are taken in by such ads.

Ken
Pillar of the Community
Anaximander's Avatar
United Kingdom
709 Posts
 Posted 10/30/2012  2:17 pm  Show Profile   Bookmark this reply Add Anaximander to your friends list Get a Link to this Reply
It is not clear to me what they are selling. Is it an original, or a modern copy? Either way I am not interested. I recently picked up a 1939 original in very good condition for £6.

For anyone reading this thread who does not know, the London mint Office is a private company not linked to The Royal Mint.
Valued Member
greeniejim's Avatar
Ireland
215 Posts
 Posted 10/30/2012  2:36 pm  Show Profile   Bookmark this reply Add greeniejim to your friends list Get a Link to this Reply
The Royal Mint Office should hang their head in shame at this disgraceful advert making false claims "SOLID SILVER" 4 times on the page until you get to the coin spec in small lettering at the bottom of the page.
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Sap's Avatar
Australia
16838 Posts
 Posted 10/30/2012  9:05 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Greeniejim, don't confuse the "London Mint Office" with anything to do with the actual Royal Mint. As Anaximander said, the "London Mint Office" isn't a mint at all, royal or otherwise; it's a coin mass-marketing company.

Kena has also highlighted the primary goal of such "deals": to get you on their mailing list, so they can send you one random bullion-grade coin of their choosing a month and charge you £50 each for them unless you manage to get them to stop.

Quote:
...making false claims "SOLID SILVER" 4 times on the page until you get to the coin spec in small lettering at the bottom of the page.

It's not, legally speaking, a false claim. These kinds of companies are usually pretty good at avoiding outright lies they could face court over. "Solid silver", as far as I know, has no particular legal definition, unlike words such as "sterling" or "pure". A .500 fine coin is not hollow or silver-plated, so legally, it probably counts as "solid".

Weasel words, though, they certainly are.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Valued Member
greeniejim's Avatar
Ireland
215 Posts
 Posted 10/31/2012  09:23 am  Show Profile   Bookmark this reply Add greeniejim to your friends list Get a Link to this Reply
OOPS Sorry guys, I meant to put "London Mint", no Offence meant and apologies to The Royal Mint, with whom I regularly deal with.
If one of our moderators could remove or Edit my previous post to "London" I would much appreciate it.
Yes sap I know they have done nothing Illegal, but claims like "SOLID SILVER" is very much mis-leading to the general public, as we all know Sterling is a type of silver but can also be sold as "solid" meaning not hollow. The term used in this advert to me appears to drag the unknowing public into believing they are buying a coin which is 99.99% silver. If I knew how to I would report them to the ASA, which incidently I may just look into. I just hate to see people being misled by deviant adverts like this.
Valued Member
MikeG's Avatar
United Kingdom
128 Posts
 Posted 10/31/2012  11:20 am  Show Profile   Bookmark this reply Add MikeG to your friends list Get a Link to this Reply
I guess their lawyers have already had a careful look over the ad before it was passed for the internet and magazines.

It's sad that people get taken in by these unsavoury firms, of which there are several, who sell rip-off coins and medals. As long as the wording is legal there's not much the Advertising Standards Agency or Trading Standards can do about them. We just need to make people aware.

I doubt very much that they are from the 1938 era; just reproductions. Maybe they managed to get hold of some of the original dies?

Mike.
UK Royal Mint Representative
James Royal Mint's Avatar
United Kingdom
40 Posts
 Posted 10/31/2012  11:48 am  Show Profile   Bookmark this reply Add James Royal Mint to your friends list Get a Link to this Reply
Apology accepted on behalf of The Royal Mint!

We do also sell continuities and historic coins though. Please let us know when we step beyond acceptable boundaries of commercialism :D (I know you will!)
Valued Member
greeniejim's Avatar
Ireland
215 Posts
 Posted 10/31/2012  1:17 pm  Show Profile   Bookmark this reply Add greeniejim to your friends list Get a Link to this Reply
Thank You James for accepting my Apology
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