Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss

Coin scam in the open?

8 views
Skip to first unread message

ltl...@hotmail.com

unread,
Sep 9, 2007, 2:59:45 PM9/9/07
to
The following is part of a 2 pages informercial which has been
appeared in Newsweek
and probably elsewhere for several weeks.
------------------
U.S. GOVERNMENT COIN MINTING SHUT-OFF NOTIFICATION

Sealed vault tubes of President coins go to public for $28

SHUT OFF: Here's some of the last dozen stacks of Washington
Presidential Dollars that are no longer being minted minted and are
extremely uncommon because they're actually carved with edge
lettering.

Public gets hoard of last Presidential coins free

By SHAWN OYLER
UNIVERSAL MEDIA SYNDICATE

(UMS) - Starting at precisely 7:45 a.m. today, some of the last
Presidential Coins ever to be minted by the U.S. Government are being
hand out free to the public.

...


Ration of these coins are uncertain because minting has been shut off
and there can
never be anymore. Once, they're gone, they're gone.
...

-----------------------

Any truth concerning the pronouncement that "minting has been shut
off?"

Bob Hairgrove

unread,
Sep 9, 2007, 3:03:05 PM9/9/07
to

The only "scam" I can see here is in your own posting ... not many
junior-high school students, much less ANY professional journalist,
would ever use the English language like this; for example: "shut
off" ..."are being hand out" ... "Ration of these coins are
uncertain" ... "there can never be anymore" ... (ugh!!!)

If you care to refute this, please post some appropriate links to
your sources.

--
Bob Hairgrove
NoSpam...@Home.com

Jim Seymour

unread,
Sep 9, 2007, 3:09:31 PM9/9/07
to
ltl...@hotmail.com wrote:
> The following is part of a 2 pages informercial which has been
> appeared in Newsweek
> and probably elsewhere for several weeks.
> ------------------
> U.S. GOVERNMENT COIN MINTING SHUT-OFF NOTIFICATION
>
> Sealed vault tubes of President coins go to public for $28
>
> SHUT OFF: Here's some of the last dozen stacks of Washington
> Presidential Dollars that are no longer being minted minted and are
> extremely uncommon because they're actually carved with edge
> lettering.
>
> [...]

>
> -----------------------
>
> Any truth concerning the pronouncement that "minting has been shut
> off?"

Completely true. They stopped minting the Washington dollar coins as
soon as they starting minting John Adams coins. Similarly, the John
Adams are no longer in productions - and Thomas Jeffersons will give way
to James Madison very soon.

The same is also true with every state quarter made since 1999.

The business about them being "extremely uncommon" is nonsense, of
course. And they're worth no more than face value.

Still, if it's a $25 roll they're selling for $28, that's not much of a
scam - unless they're tacking on an enormous shipping charge.

--
Jim Seymour

ltl...@hotmail.com

unread,
Sep 9, 2007, 4:02:38 PM9/9/07
to

I gave you the source.
It is part of a 2 page infomercial which had appeared in Newsweek for
several weeks.

Typos, "Rations of these coins..." rather than "Ration of these
coins..."

>
> --
> Bob Hairgrove
> NoSpamPle...@Home.com- Hide quoted text -
>
> - Show quoted text -


Robert Dibbell

unread,
Sep 9, 2007, 4:06:38 PM9/9/07
to
Bob,

This ad has appeared in newspapers all over the country. It's on par with
the people who sell coins on TV for over inflated prices. You are paying
$28 for a roll of 25 dollars. What the ad doesn't tell you is that you'll
have to pay a bunch more money for shipping and handling.

Bob D.

"Bob Hairgrove" <NoSpam...@Home.com> wrote in message
news:6hg8e31c5q8a7oo94...@4ax.com...

Robert Dibbell

unread,
Sep 9, 2007, 4:08:37 PM9/9/07
to
Right Jim. Lotsa bucks for shipping and handling. I've seen the ad in the
Sacramento Bee, the Mountain Democrat, and I think, the San Francisco
Chronicle. None of the ads mention the shupping and handling costs.

Bob

"Jim Seymour" <nnt...@thentao.com> wrote in message
news:LxXEi.344$Z33.128@trndny08...

ltl...@hotmail.com

unread,
Sep 9, 2007, 4:10:12 PM9/9/07
to

Try the following link in case it is inconvenient for you to read
Newsweek's paper edtion.

http://64.233.169.104/search?q=cache:hlj4bNZX-d4J:www.marketplacelocal.com/portalWeb/portal.aspx%3Fgroupid%3D440%26pagename%3Dprintitem%26itemid%3D43104133%26eadvertiserid%3D871158+Rations+of+these+coins+are+uncertain+because+minting+has+been+shut+off&hl=en&ct=clnk&cd=1&gl=us

>
> I gave you the source.
> It is part of a 2 page infomercial which had appeared in Newsweek for
> several weeks.
>
> Typos, "Rations of these coins..." rather than "Ration of these
> coins..."
>
>
>
>
>
> > --
> > Bob Hairgrove
> > NoSpamPle...@Home.com- Hide quoted text -
>

> > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -- Hide quoted text -

Mr. E.

unread,
Sep 9, 2007, 7:06:20 PM9/9/07
to
On Sep 9, 3:03 pm, Bob Hairgrove <NoSpamPle...@Home.com> wrote:
> NoSpamPle...@Home.com- Hide quoted text -
>
Hey asshat - he gave you the source. Try learning how to read before
shooting off your bazoo, you ignoramus.

Bruce Remick

unread,
Sep 9, 2007, 7:24:48 PM9/9/07
to

"Jim Seymour" <nnt...@thentao.com> wrote in message
news:LxXEi.344$Z33.128@trndny08...

Those 2-page CW ads have been charging $37 per roll, plus $5 postage, ever
since the GW's came out. Pretty good deal for any collector who otherwise
would have to burn $17 worth of gas to drive to his nearest bank in order to
pick up a roll at face value.

Bruce


Mark Cooper

unread,
Sep 9, 2007, 8:08:11 PM9/9/07
to
"ltl...@hotmail.com" <ltl...@hotmail.com> wrote in
news:1189368158.5...@o80g2000hse.googlegroups.com:

I have seen this same ad run in the local paper. The main scam, as I read
it, is that people may be led to believe that they can only get these
coins from the company advertised and that there is a small supply. And
they aren't free, it's like $28 if I remember correctly.


Mark

Aram H. Haroutunian

unread,
Sep 10, 2007, 7:30:24 AM9/10/07
to
On Sun, 9 Sep 2007 19:24:48 -0400, "Bruce Remick" <rem...@cox.net>
wrote:

Geeeez!!!! Didn't anyone bother to read the ad? These are NOT $25
rolls.

"There will be forty sealed vault tubes in all, each containing twelve
never-circulated Presidential Coins. That's 480 coins. but with all
forty of the free coins everybody is getting, it becomes a spectacular
collection of 520 never-circulated coins in all, loaded into two
separate heavy vault boxes."

Aram.
>
>
>

Bruce Remick

unread,
Sep 10, 2007, 8:15:40 AM9/10/07
to

"Aram H. Haroutunian" <bust...@ca.rr.com> wrote in message
news:jgaae3tog02nrj37h...@4ax.com...

I didn't bother to read it, but can I still make comments about it?

Bruce


Mr. E.

unread,
Sep 10, 2007, 11:03:05 AM9/10/07
to
On Sep 10, 8:15 am, "Bruce Remick" <rem...@cox.net> wrote:

> I didn't bother to read it, but can I still make comments about it?

Sure, why not? Not knowing what you're talking about never stopped you
before.


Squat

unread,
Sep 10, 2007, 11:16:20 AM9/10/07
to

"Bruce Remick" <rem...@cox.net> wrote in message
news:OzaFi.296431$5y.1...@newsfe18.lga...
The Wall St. journal had this as well. They were listed as "uncirculated"
but I didn't buy that as uncirculated (to coin collectors) means something
different. These are just unopened coinc tubes (or, we are supposed to
beilive they are unopened.) I have $25 rolls of presidential coins straight
from the local bank. Was even able to walk there to get them...
Looks like a poor attempt to capitalize on the new coins rather than a
scam..
Cheers,
Squat


gov...@msn.com

unread,
Sep 10, 2007, 11:17:38 AM9/10/07
to
> Jim Seymour- Hide quoted text -

>
> - Show quoted text -

I took a look at the add both online and in print.

The rolls sure look like only 15 coins, so......you do the math.

If it looks like a scam, and smells like a scam....

Just go to your local coin dealer and pay the $30 to $35 for a $25
roll for your choice of "P" or "D" , or even better yet, GO TO A BANK!

Tom Hallenbeck
(in beautiful Colorado!)

0 new messages