- Report: #1513786
Complaint Review: National Mint and Treasury - Massillon OH
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Author Confirmed
Why?
National Mint and Treasury
112 Lincoln Way NW Massillon, 44647-6142 OH, United States
Web:
http://nationalmintandtreasury.com/
Categories:
Business Rating:
(1)
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National Mint and Treasury I did not fall for this scam but as a former coin person I find it sick and wrong. Better Business Massillon OH
Report Attachments
Company advertises "State restricted" coin rolls. Silver Half dollars and Silver Dollars. The silver in these coins is essentially their value with little Numismatic Value unless in exceptional mint condition or especially rare dates. At $24.65 per ounce silver there is roughly $8.92 worth of silver in a US Silver half dollar.
Coin grading ranges from several grades in uncirculated with wear appearing in Almost unciculated pieces ranging down thorugh extremely fine, very fine, very good, good, fair and poor which is worn nearly flat.
National Mint & Treasury Advertises Newspaper (article like) Advertisements offering "State Restricted" bank rolls of coins. They are the Assemblers of the Rolls, though the advertisements give the feel that they are Bank assembled Rolls. This reflects the onetime bank hoards of silver dollars stashed in the corner of bank vaults that were marketed in the silver heyday. These are not bank rolls though if they were the scam would still be present. Their rolls are smaller to keep the buy in price lower. Their Half Dollar Roll is 15 coins and Silver Dollars are 10 Coins.
Actual Bank Rolls contain the following for silver or non-silver coins
- Half Dollar Rolls – 20 half dollars
- Large/Silver Dollar Rolls – 20 large silver dollars
The "State Restricted" suggests that the American State noted has something to do with the restriction but it is National Mint & Treasurys restriction in their advertisement.
These coins are readily available in bags of $1,000.00 face value in the market as silver investments. Lesser face value bags are also marketed and all can be had in ANY QUANTITY.
The Half Dollar Advertisement claims that the rolls are unsearched, implying that there might be rare dates or grades within. It claims that the rolls contain coins Verified to include grades of Very Good or above. The roll has to be inspected to guarantee this but is claimed to be unsearched. Claims the coins can be worth UP TO 100 times their face value. The silver in these half dollars is roughly 18 times face value for nothing special. Exceeding that is unlikely, but if you got one worth 100 times, that would be worth 50 bucks. These are rolled up common coins.
For this you are offered these at the bargain price of $39 per coin in a roll of 15.
Silver Dollar versions of this Advertisement are offered at $59 per coin giving the buyer a less robust fleecing. There are worse coin selling Advertisements out there. TV Ads offering nano plated gold coins and the like as well.
Put yourself in a restricted state when seeing these misleading advertiesments that only offer self defeat. See the BBB and be further surprised that some of the orders are never fulfilled!
