A class action lawsuit has been filed against the manufacturer of the Freedom Tower Silver Dollar. The company claims that the coins are made of .999 pure silver recovered from a vault at ground zero, and that they are the first "legally authorized government issue silver dollar . . . to commemorate the World Trade Center and the new Freedom Tower." The suit was filed on behalf of more than 10,000 people who purchased the coin, which is being sold for $23.45.
The suit alleges fraud, claiming that the coin is a "shameless attempt to profit from a national tragedy though an advertising campaign," and that the coin is not legal tender and was not issued by the U.S. Mint. The suit further claims that the coins are not pure silver, that they are not the equivalent of $1 in U.S. currency and that they were never authorized by the U.S. government. Additionally, the suit claims that the company failed its "guarantee" that if the customer is not satisfied, the coin can be returned for a full refund "no questions asked."
The class action lawsuit was certified on June 30, 2005. The case is pending in the Southern Distinct of New York before Judge Colleen McMahon.
Register your CaseIf you feel you qualify for damages or remedies that might be awarded in a possible class action or lawsuit, please fill in our form on the right to submit your complaint.
By submitting this form, you are asking lawyers to contact you. You are under no obligation to accept their services. Lawyers are usually paid out of the proceeds of the settlement or verdict rendered.