News
FTC CHARGES MINNESOTA LAW FIRM AND BANK WITH CONSPIRING TO DEFRAUD THE AGENCY OUT OF AN $11 MILLION JUDGMENT IN COIN FRAUD CASE
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December 1992 The Federal Trade Commission has charged a Minnesota law firm and a Minneapolis bank in federal district court with fraudulently agreeing to prevent the agency from collecting on an $11.2 million federal court judgment. The FTC had won the judgment for consumer redress in a previous case against a rare-coin marketer. Named in today's case are Larkin, Hoffman, Daly & Lindgren, Ltd., of Bloomington; and the National City Bank, of Minneapolis. |
Coast to Coast coins.com RIPOFF DEALER
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I recently ordered a coin ( pillar dollar 8 reale silver dated 1751, for $375.00 supposedly in Extra Fine rated condition) What they sent me the first time was an inferior coin that wasn't close to the quality that was pictured on the website, I sent back the inferior coin and gave them a chance to send an equal quality coin as shown or the actual coin that was pictured on the website, the replacement coin was worse than the first coin they sent, I returned the second inferior coin and asked for them to cover my shipping /insuring costs (approx. $21.00) they refused, |
Obama Collector's Coins Turn Out To Be Stickers Stuck On Regular Coins
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By Chris Walters You may have seen the commercial where Montel Williams hawks some goofy collectible coins with President Obama's face IN FULL COLOR OMG. If you were planning on ordering some, though, watch this video from KATU 2 TV in Portland, Oregon first.* A father and daughter bought the coins and discovered that they're just regular money with color stickers applied. One of the news anchors even comments that she could see the face on the coin through the sticker when she looked at it from the side. |
The Obama Coins Rip-Off
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By Susan Headley, About.com Guide to Coins With the election of Barack Obama to the U.S. presidency, there has been an outpouring of strong emotions among many Americans the likes of which we haven't seen in relation to a U.S. president since John F. Kennedy was assassinated in 1963. Coin collectors are well aware of the important change to U.S. coinage that occurred as a result of the strong emotional response to Kennedy's death. The Franklin Half Dollar, which had only been in circulation for 16 years, was quickly replaced by the Kennedy Half. Normally, a coin design was supposed to have been in use for at least 25 years before being replaced, but due to the strong public sentiment for Kennedy, the new Half Dollar was released into circulation within 3 months of the assassination! The 1964 Kennedy Halves were widely hoarded as mementos, and public demand was so strong that more than 429,000,000 of them were struck. This was a gigantic mintage for half dollars, which usually saw mintages well below 10% of this number. |
Oklahoma Federated Gold and Numismatics, Inc., Plaintiff-appellee, v. Michael W. Blodgett, Defendant-appellant
United States Court of Appeals, Tenth Circuit. - 24 F.3d 136May 16, 1994Jack Nordby (Ronald I. Meshbesher and James H. Gilbert, of Meshbesher & Spence, Ltd., Minneapolis, MN, with him on the briefs), of Meshbesher & Spence, Ltd., Minneapolis, MN, for defendant-appellant. Thomas M. Affeldt (Keith O. McArtor, of Savage, O'Donnell, Scott, McNulty, Affeldt & Gentges, Tulsa, OK, with him on the brief), of Savage, O'Donnell, Scott, McNulty, Affeldt & Gentges, Tulsa, OK, for plaintiff-appellee. Before TACHA and BARRETT, Circuit Judges, and KANE, District Judge.* TACHA, Circuit Judge. |