The E-Sylum:  Volume 9, Number 35, August 27, 2006, Article 23

NATIONAL COLLECTORS MINT ISSUES SEPTEMBER 11 ANNIVERSARY PIECE

Stung by earlier prosecution for false claims in marketing a "coin"
commemorating the September 11, 2001 attack at the World Trade Center
in New York, the National Collectors Mint is describing its latest
product as a "commemorative", according to an August 24th article in
The Arizona Republic:

"Barry Goldwater Jr., son of an Arizona political icon, is continuing
his role as the celebrity face of a New York company forced last year
to refund more than $2 million to customers who bought its Sept.
11-related "Freedom Tower Silver Dollar."

On the eve of the fifth anniversary of the attacks, National Collector's
Mint Inc. has released a new commemorative token, called the "Fifth
Anniversary World Trade Center Commemorative," featuring a pop-up image
of the World Trade Center.

Goldwater said he believes the company is fully complying with the law."

New York State Attorney General Eliot Spitzer disagreed last year when
he sued National Collector's Mint over its advertised claim that the
Freedom Tower coin was a "government issue" silver dollar and a "U.S.
territorial minting" from the Commonwealth of the Northern Mariana
Islands.

The coin was not government issued. The islands use U.S. currency
and are not authorized to mint legal tender.

In October, a New York Supreme Court judge, the equivalent of Arizona's
Superior Court, ordered National Collector's Mint to pay nearly $370,000
in civil penalties."

Now, the company has a new sales pitch. The "Fifth Anniversary" piece,
issued in June, is "non-monetary," according to the company's advertising.

National Collector's Mint also claims that the silver found in the
medallion comes from "a bank vault found under tons of debris at ground
zero," according to its Web site. The company said it can verify that
claim but declined to provide The Arizona Republic with proof."

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  Wayne Homren, Editor

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