Speaking of "9/11" faux numismatics, almost on cue, the next day the New York Daily News published this story about lawmakers railing against new items promoted by the National Collector's Mint.
Sen. Chuck Schumer and Rep. Jerrold Nadler have it right: The Federal Trade Commission must do all in its power to stop the exploitative hucksters at the National Collector's Mint from shamelessly trafficking in the memory of 9/11.
As spotlighted on this page three weeks ago, the company is hawking a wholly bogus, almost worthless geegaw through blatantly deceptive TV ads. The spots are designed to convince viewers - falsely - that they have the opportunity to buy a government-sanctioned coin produced to mark the 10th anniversary of the terrorist attacks.
And not only that, but a coin sheathed in silver mysteriously and unverifiably recovered from a vault below Ground Zero.
The price is $29.95 for a trinket whose true value has been estimated as low as 2 cents and as high as 60 cents.
In 2004, the outfit peddled a Freedom Tower Silver Dollar as "legally authorized government issue" from the Northern Mariana Islands. Charging fraud, then-state Attorney General Eliot Spitzer won $2 million in refunds and cancellations, and $369,000 in penalties.
In 2006, the mint resurfaced with a Fifth Anniversary World Trade Center Commemorative Coin that was equally reprehensible. And now it's back with a fresh scam in year 10.
The FTC must come down as hard and swiftly as the law allows. The object must be to halt further sales. They are a desecration and, compounding the insult, they will surely divert money from the U.S. Mint's plan to sell official 10th anniversary medals in a fund-raising campaign for the World Trade Center Memorial Foundation.
These creeps must be stopped.
It's nice to see lawmakers railing against unwholesome products that Eliot "Family Man" Spitzer once fought against.
To read the complete article, see:
FTC should come down hard on sleazy National Collector's Mint and its bogus 9/11 medals
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor
at this address: email@example.com
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 1998 - 2020 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster