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 Replies: 11 / Views: 1,526 |
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Pillar of the Community
United States
985 Posts |
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Pillar of the Community
United States
2520 Posts |
clad in 31MG of gold. Basically it's telling you it is plated. (in a devious sort of way)
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Pillar of the Community
 United States
5953 Posts |
Read carefully "Clad in 31 mgs. Pure 24 KT Gold" not made from 31 grams of pure gold around a $ worth of gold clad over base metal.
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Pillar of the Community
 United States
985 Posts |
Thanks, I figured it was something so simple. Don't think I'll be getting one of them. lol
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Bedrock of the Community
United States
14454 Posts |
I saw these things on the tv and was hoping we would have people come in here and ask before they bought these things thinking they are getting a deal. I am a little concerned now because this is like the third thread on here about these things in less than 24 hours and you can bet there are plenty of people falling for this thing thinking they are getting something they arent. Even on the commercial they were saying how much gold is now and how good of a deal this is because of skyrocketing gold prices making you think you are getting an ounce of gold instead of some layered crap. They did state it was so many mg's of gold but it was just thrown in there between all the hype about gold prices and if you didn't pay attention you would have missed it
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Pillar of the Community
Canada
1082 Posts |
Yes, the advertising is totally deceptive, written in such a way so as to mislead those who don't know any differently. They're barely within the truth in advertising laws, but this is typical of ALL coin commercials you see on TV -- they all pretend the item is something it's not.
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Pillar of the Community
United States
7629 Posts |
Okay, but who in the world thinks they're actually getting a full ounce of gold for less than fifty bucks? You know? Caveat Emptor. I'm not defending the scalping shysters that sell this junk, but anyone who think they're getting a $1000 gold coin for $50 on a national TV ad is letting their greed get in front of their brain.
And I call it 'junk' for the sole purpose that these replicas have NO numismatic value nor will they...ever. And they are sold with the undertone that they do and will.
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Bedrock of the Community
United States
10045 Posts |
I saw an ad for this ugly thing on TV last night.  31 milligrams? Wow...that's about 1/1000 of a troy ounce--or ~$1 of gold. "Tribute proof"?  Caveat Emptor indeed. Edited by DVCollector
01/03/2010 5:03 pm
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Pillar of the Community
United States
985 Posts |
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New Member
United States
21 Posts |
You have to listen when it comes to these commercials. It said that it is a repro struck at their own private mint CLAD in 31 mg gold. At least someone asked before buying. They would end up getting something worth less than face value.  |
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Pillar of the Community
United States
7629 Posts |
They would end up getting something worth less than face value.
And since it's not even official government issue, the face value is meaningless.
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Valued Member
United States
436 Posts |
The dead giveaway is the fact that it says United States of America but has no denomination on the coin... It is illegal for any mint except the US mint to put a denomination on a coin that says United States of America on it. The Secret Service would come knocking down their door.
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Replies: 11 / Views: 1,526 |
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Posted 01/03/2010 2:18 pm
