JREF Homepage Swift Blog Events Calendar $1 Million Paranormal Challenge The Amaz!ng Meeting Useful Links Support Us
James Randi Educational Foundation JREF Forum
Forum Index Register Members List Events Mark Forums Read Help

Go Back   JREF Forum » General Topics » Economics, Business and Finance
Click Here To Donate

Notices


Welcome to the JREF Forum, where we discuss skepticism, critical thinking, the paranormal and science in a friendly but lively way. You are currently viewing the forum as a guest, which means you are missing out on discussing matters that are of interest to you. Please consider registering so you can gain full use of the forum features and interact with other Members. Registration is simple, fast and free! Click here to register today.

Tags 9/11 , dollar , mint

Reply
Old 11th July 2008, 11:19 AM   #1
Ixion
Inquiring Mind
 
Ixion's Avatar
 
Join Date: Mar 2008
Location: Tucson, AZ
Posts: 2,287
9/11 commemoration

So last night, while browsing channels, a commercial came on for a "Commemorative $20 coin certificate". The commercial was probably 45 seconds to 1 minute long, and offered a limited print certificate struck in ".999 pure silver leaf". To me, it seemed, at minimum, in bad taste to try to profit off of the tragedy of 9/11. The announcer pointed out that the front of the certificate displayed 9 and 11 which add up to 20, which is on the back and (not coincidentally) what they were charging for the item.

They highlighted that one side featured the old twin towers and the other the new Freedom Tower that will be built at the old World Trade Center site. The company (National Collector's Mint, which is in no way associated with the U.S. Mint or U.S. Treasury, but was never directly stated out loud, only in small print at the bottom of the ordering screen) also emphasized that the certificate is genuine Liberian legal tender.

So a few problems I have, aside from the 9/11 profiteering, are:
1) Don't Liberian dollars trade for about 50:1 to the U.S. dollar? So wouldn't it be only worth about $.40? The announcer implied that the certificate was worth $20 U.S., but never directly said that.
2)Isn't silver leaf similar to silver plating? So what is this certificate really made of? My guess would be aluminum, since it is a relatively cheap metal. If it is silver plating, when it tarnished, then wouldn't the silver just be rubbed off if it is cleaned?
3)I can't remember the station the commercial came on, but I do remember it was a major cable station. It annoys me that stations continue to support products to the American public that they know are, at the minimum, misleading.

Here is the website for the product: http://www.911twenty.com/.

I appreciate being able to vent about this, even if other readers disagree with my opinion.
__________________
Avatar kindly animated by Paulhoff.

Because the last time I was playing Friday night, we ended up with the Ixion Fiasco - Horatius
Ixion is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 11th July 2008, 11:59 PM   #2
Starthinker
Philosopher
 
Starthinker's Avatar
 
Join Date: Oct 2005
Location: Denver, CO
Posts: 5,014
Complete junk, the idea and the "coin".
__________________
|¦¦|¦ |¦||||¦|||¦||¦¦|¦|||||||¦|¦¦¦¦|¦¦¦¦||¦|¦|¦¦|¦ |¦¦|¦
He who doubts victory has already lost the battle.
Below the navel there is neither religion nor truth.
Starthinker is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 12th July 2008, 12:45 AM   #3
rjh01
Gentleman of leisure
Tagger
 
rjh01's Avatar
 
Join Date: May 2005
Location: Planet Earth
Posts: 17,179
I agree it looks like BS. Here is something on metal leaf. http://en.wikipedia.org/wiki/Metal_leaf

It does not say it is backed by the US government, and it does say it is a private striking so I would not even call it a coin as we know it. Nothing about overseas orders, I would not touch it.
__________________
dddffffpppqqqq
Want to use your computer for something that will make society better? See this thread for details Folding@home
rjh01 is online now   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 12th July 2008, 11:24 AM   #4
Starthinker
Philosopher
 
Starthinker's Avatar
 
Join Date: Oct 2005
Location: Denver, CO
Posts: 5,014
Maybe someone can educate me. If gold coins (real ones) say they are 99.9% pure or something, wouldn't .999 be like, almost nothing? So this is almost made from no silver at all? Maybe I'm mixing definitions. Just seems like it's probably just barely plated but they throw 9's at you to make you think (or the less educated think) that it's really a lot.
__________________
|¦¦|¦ |¦||||¦|||¦||¦¦|¦|||||||¦|¦¦¦¦|¦¦¦¦||¦|¦|¦¦|¦ |¦¦|¦
He who doubts victory has already lost the battle.
Below the navel there is neither religion nor truth.
Starthinker is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 12th July 2008, 11:44 AM   #5
balrog666
Eigenmode: Cynic
 
balrog666's Avatar
 
Join Date: May 2004
Posts: 2,527
Originally Posted by Starthinker View Post
Maybe someone can educate me. If gold coins (real ones) say they are 99.9% pure or something, wouldn't .999 be like, almost nothing? So this is almost made from no silver at all? Maybe I'm mixing definitions. Just seems like it's probably just barely plated but they throw 9's at you to make you think (or the less educated think) that it's really a lot.
99.9% = .999 Fine. Most gold coins intended for circulation were usually minted at 91.66% pure (22 karat) or .900 Fine. Some modern bullion coins are .999 Fine.

But I'm sure it's plated in 99.9% gold - perhaps a few milligrams worth. Which means it has all the comparative value of any pretty picture you print on your own color printer.
__________________
A person who won't think has no advantage over one who can't think. - (paraphrased) Mark Twain

Diversity--When all colors and creeds believe exactly as liberals want them to. Or Else! -Coyote
balrog666 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Reply

JREF Forum » General Topics » Economics, Business and Finance

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 01:33 AM.
Powered by vBulletin. Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.
© 2001-2012, James Randi Educational Foundation. All Rights Reserved.

Disclaimer: Messages posted in the Forum are solely the opinion of their authors.