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Obama Commemorative Coin Rip-Off

Started by Schatzy,

34 posts in this topic

kbsig106

kbsig106

Posted
Posted

This one should be on the buyer not the seller - I saw the ad on TV and it was clear they were .50c Kennedy's w/ a sticker or screen print of Obama on the other side. The company wanted $20 for four coins at $2.00 face value - I thought it was a good morning laugh.

 

Reminds me of the CNBC TV ad with the Morgans just released from the the "vault"... They ran the TV ad this morning after the guy selling $114 1/10 AGE's - dropping 1 oz. AGE's on the table like they're pennies.

 

I love the very fine print that says the coins are magnified for representitive purposes.

 

 

 

 

 

 

 

 

 

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Mark T

Mark T

Posted
Posted
This one should be on the buyer not the seller - I saw the ad on TV and it was clear they were .50c Kennedy's w/ a sticker or screen print of Obama on the other side. The company wanted $20 for four coins at $2.00 face value - I thought it was a good morning laugh.

 

Reminds me of the CNBC TV ad with the Morgans just released from the the "vault"... They ran the TV ad this morning after the guy selling $114 1/10 AGE's - dropping 1 oz. AGE's on the table like they're pennies.

 

I love the very fine print that says the coins are magnified for representitive purposes.

 

 

All this should be banned. Why are people so gullible to fall for this kind of non sense. The one where the guy is talking about the Gold Eagles with the vault and armed guards is a real laugh. What does he say – something like if gold goes to $ 2000 an ounce then these coins I am holding right here in my hands could go to Blah Blah.

 

 

 

 

 

 

 

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CHABSENTIA

CHABSENTIA

Posted
Posted
Wow that’s terrible! Sticker coins (tsk)

 

I never liked the Commercialism when I first saw it.The Painted coins and the number of them and not an Official Mint issue was a turn off. It never ceases to amaze me when I see this .Sticker Coins are pathetic

 

I was reading today where this 4 Gold where you send in your Jewelry that is advertised on T.V. etc is a rip-off and a former employee also told how people are trained to scam people.Its a disgrace that people would try and take advantage of people in these Economic times.

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CHABSENTIA

CHABSENTIA

Posted
Posted

Unfortunately there are hordes of uninformed and gullible people out there. Several years ago Publishers Clearing House was sued because of misleading ads. People actually thought they had won and one guy even took a plane to their Headquarters to collect his money based on the Solicitation.

 

 

The U.S Post Office sent out similar letters based on it as a test. Something like several hundred thousand. Something like 50% responded thinking they had won something. The Post office then sent out letters to the people who responded telling them it was a Scam.They waited several weeks and sent out false letters to those who had responded and who the U.S, Post Office says was a scam and 33% of them responded again.

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Revenant

Revenant

Posted
Posted
The U.S Post Office sent out similar letters based on it as a test. Something like several hundred thousand. Something like 50% responded thinking they had won something. The Post office then sent out letters to the people who responded telling them it was a Scam.They waited several weeks and sent out false letters to those who had responded and who the U.S, Post Office says was a scam and 33% of them responded again.

 

With news like that, I just don't understand this common perception that Americans are stupid. :insane:

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PerryHall

PerryHall

Posted
Posted
The U.S Post Office sent out similar letters based on it as a test. Something like several hundred thousand. Something like 50% responded thinking they had won something. The Post office then sent out letters to the people who responded telling them it was a Scam.They waited several weeks and sent out false letters to those who had responded and who the U.S, Post Office says was a scam and 33% of them responded again.

 

With news like that, I just don't understand this common perception that Americans are stupid. :insane:

 

Are they stupid or are they just too trusting? These days, maybe it's the same thing.

 

 

 

 

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okbustchaser

okbustchaser

Posted
Posted

Contrary to popular belief, NO ONE is getting "ripped off" buying this . They are getting EXACTLY what was advertised. It would only amount to scam statis if

 

1. The seller was actually lying about what he was selling. (He isn't. Hyping a product is not necessarily lying. All advertising constitutes hype.)

2. People who paid were not receiving there merchandise. (They are.)

 

The American public will buy just about anything if properly packaged and marketed...see, for example, the Pet Rock fad of the '70's. This does not make a person who markets such stuff a crook, merely more financially solvent--the above named Pet Rock fad made its originator Gary Dahl a multi-millionaire in less than 6 months.

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RI AL

RI AL

Posted
Posted

I have to agree, okbustchaser. Though the ad seems to suggest something "genuine", in actuality the statements in the ad are true...if you can cut through all the B.S..

 

Kinda' like the (paraphrasing) "just released...6 zillion Morgan silver dollars....(the have been "just released for quite a few months now...) all in Uncirculated to fine condition" TV ad. No lies...but relying on peoples' innocence or gullability would seem to me an awfully unpleasant way to make an "honest living". I really love the part, (paraphrasing again), "some dealers charge up to 3 times or more what we are selling these coins for". No mention of condition, mintmark, rarity, date...I bet if the company that is running the ad looked for 20 seconds, they could find dealers that were charging (and rightfully so) dealers asking many thousands of times "for what we are asking for similar coins..." :frustrated: Man...I hate moral crooks...there's just no law against their actions.

 

BUT...I firmly believe that it all catches up to you "in the end". :sorry:

 

RI AL

 

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WinstonWare

WinstonWare

Posted
Posted

1. The seller was actually lying about what he was selling. (He isn't. Hyping a product is not necessarily lying. All advertising constitutes hype.)

 

I think that was the point. They were sold Obama coins. They received U.S. coins with Obama stickers on them...

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YeahToast

YeahToast

Posted
Posted

1. The seller was actually lying about what he was selling. (He isn't. Hyping a product is not necessarily lying. All advertising constitutes hype.)

 

I think that was the point. They were sold Obama coins. They received U.S. coins with Obama stickers on them...

 

Obama coins are what you, or the National Collectors Mint, make them.

 

It's like selling Illinois State quarters saying "Might have been handled by President Barack Obama!!!!". Might have, might not. Who's to say you're wrong?

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dooly

dooly

Posted
Posted

I hate this kind of stuff .. hope they do not make Enameled coins kind of money in 100years time .. Haha!!!!!!!

 

and won't it be belting if someone took the stickers off and found a rare DD or DMM haha!!

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Schatzy

Schatzy

Posted
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Posted

My biggest problem with this whole thing is people ripping off uneducated buyers

and by uneducated buyers I mean people that want to buy coins for there loved ones!!

 

I got all of these painted silver eagles a few years ago because my mom bought them for me.

I know that she bought them on eBay and she really didn’t over pay since they are silver eagles!!

I have already told my family members to never buy coins for me….they keep pocket change for me instead.

 

Mypaintedcoins.jpg

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okbustchaser

okbustchaser

Posted
Posted

How did your mother get "ripped off"? Did she or did she not get exactly what she paid for? Those painted SAEs (or the Obama coins that were the original subject of the thread) may not have been a good buy...they may not have been what you would have wanted as a present...but she evidently DID receive her merchandise at a price that SHE was willing to pay.

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ant

ant

Posted
Posted

i know this doesnt have to do with "rip off" but i dont feel right exploiting money from evil things and peoples death. the 9/11 coins and such are just ways to profit from the attack and peoples death :(

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