Monday, November 29, 2010

$50 Buffalo "Chip" Ripoff Coin

Once more, sleaze merchants are working on yet another scheme to separate people from their money. The National Collector's Mint, whatever that is, is selling a "Tribute Coin" based on the popular and very valuable $50 Buffalo One Ounce Gold Coin. Sold as a "collector's item", this clunker is actually just a cheap bronze replica coated with a WHOLE 31 mg. of PURE GOLD! Of course, 31 milligrams of pure gold is actually .001 troy ounces, or only about $1 worth of the shiny stuff.

The price for this "real prize" of an item is $19.95 + $4.00 for shipping. Yes, it's not a lot of money nowadays, but it would be infinitely easier to just flush the $24 down the toilet and save yourself the trouble of ordering this faux-collectible.

As far as I'm concerned this coin falls into a category even lower than the base metal state quarters that uneducated consumers collect in hopes of a future return some day. I say lower because at least the state quarter slugs will always be worth .25 cents, while this buffalo chip of a coin is unlikely to even guarantee that pathetic value! Bottom line, if the coin isn't a genuine US Mint issued silver or gold precious metal coin, and preferably rare, it is unlikely to ever appreciate in value as a numismatic collectible or in the bullion market.

Don't waste your time and money buying pieces of trash like this replica coin. Use what available funds you have to buy genuine 90% US junk silver dimes, quarters, and halves dated before 1965, or .999 pure silver American Silver Eagles. APMEX and eBay are two good sources for both investments in your financial future!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.



Buy Gold Online Today at

No comments:

Post a Comment