National Collector's Mint Inc.

A class action lawsuit has been filed against National Collector's Mint Inc., the manufacturer of the $1 Freedom Coin. 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 the more than 10,000 people may have 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."

If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.

If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.

Reader Comments

Posted by

Is this class action still being pursued? If so How do I try to join the lawsuit?

Posted by

My mother ordered two 2007 Reagan Presidential Dollars thinking they were silver dollars minted by a reputable company. She received 5 of these "dollars" and was charged at least $20, perhaps more, for each of them. Thinking they were real she gave them to her children for Christmas. These "dollars" are .999 pure silver CLAD BRONZE. She doesn't understand that of 1 oz. of weight only 71 mgs are silver. She didn't order 5 of them, but that's what she got and paid for. She isn't up to arguing about it so accepted them to give as gifts. If she'd known they were mostly bronze and utterly worthless she'd feel horrible. These people shamelessly take advantage of old people who love Ronald Reagan. Barry Goldwater, Jr. is a creep. I'm sure his dad is rolling in his grave.

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