National Collector's Mint Inc.

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."

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Posted by
Clint Bonham
on January 3, 2016

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

Posted by
Montana
on December 20, 2007

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.