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This is so stupid, it's actually funny...My $5 "investment"

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I forgot the name of the firm, but it's one of those "coin investment" companies that have an initial "come-on" to see their product and then purchase a whole bunch of their other worthless junk. My father, daughter, and now myself went through the 5 minute sales spiel to spend $5.00 for shipping and handling to get a "free" 1921 Morgan Dollar. I believe they noted it was in uncirculated condition but I could be wrong about that.

 

Now, I'm not complaining...heck I got at least $8+ worth of precious metal for $5...what could be wrong with that? The wrong/funny part is how they process these coins. They are basically under the impression (like a lot of the big advertisers are) that their customers, especially new ones, want a nice bright, clean looking, shiny object when they get their coin. Well, that's what my family got....each of us got a nice bright white Morgan dollar.

 

The curious part about these dollars is when you wonder what they did to clean them. My 1921S that I have in hand has almost PL surfaces with it difficult to actually see where the wear is...it's definitely a lightly circulated coin. I thought...Acid? Jewel Luster? Scrubbed? Another (ex-)forum member actually pointed out what the most likely method was.....PLATING! I didn't realize coin companies still did *spoon* like that. But, I think my friend is right. The reeded edge of the coin has a very soft look to it with barely any depth to the reeds....like they've been coated. The whole coin has a solid silver sheen to it. I can't believe that this company is duping it's customers to believe they're getting really nice numismatic material when they're essentially getting total *spoon* worth no more than the metal content.

 

If I actually carried coins in my pocket (which I don't) this might make a great pocket piece that would eventually wear down to an "original" state. I think I'll just keep it as-is and show it to others.

 

Below are scans of the coin.

 

1921S%20Morgan%20-%20Obverse.jpg1921S%20Morgan%20-%20Reverse.jpg

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It makes sense for them to do it. It costs a lot to get good (buying) customers on a mailing list. You and your family are not the people they are looking for because they wanted you to be so happy with your purchase you would buy more from them. You are close because you bought something, but you know what you ended up with (junk, I'm can't say I agree or disagree with the exact condition unless I see the dollar in hand).

 

I predict (It's almost the New Year -- time for predictions! smile.gif ) you will get so many other offers you may question if even getting these dollars at under melt was worth it!

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