National Collectors Mint
$50 Buffalo Replica Priced $19.95 With 31 Milligrams of Gold
- 12-06-2009
- 33
This outfit is using a high-pressure TV ad to peddle a replica Buffalo $50 gold piece that they are selling for $19.95. They say in the ad that the coin is clad in 31 milligrams of pure 24-carat gold.
A little arithmetic converts 31 milligrams to 0.001093 ounce. At $20 for the 31 milligrams, this works out to $18,298 per ounce. Last I checked, the price of gold bullion was a bit short of $1100 per ounce.
They are not going to scam me, and I hope this alerts anyone else thinking about doing business with them. Crooks!
Company: National Collectors Mint
Country: USA
Site: 50dollarbuffalo.com