Sunday, February 20, 2011

2011 $50 Gold Buffalo Tribute Proof

I saw this ad on TV last night and wanted to do the math to see how much 14 mg of gold turned out to be.  At $1400 an ounce, it works out to $0.69, but you can have it for just $9.95, plus shipping and handling.  I feel bad for people who actually fall for the crazy marketing on scams like these.  No wonder political advertising works so well.

34 comments:

  1. Where can I get one of these gold coins? When the government falls I'll need all the gold and guns I can get.

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  2. The link takes you right there. I'd buy the guns and ammo first, then you can take the gold from people who didn't invest in the guns.

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  3. Who would want to use a gun to get .69 worth of gold? I have collected coins for over 40 years. This FAKE gold plated $50 Gold Buffalo made in tribute to the genuine $50 Gold Buffalo is a SCAM. The coins are a novelty only and the company that sell these coins are deceiving the general public. The statement that Gold prices are sky rocketing is a moot point when referring to these copy or FAKE $50 Gold Buffalo coins. IT IS THE RIPOFF OF THE CENTURY! Take notice that the fake coins do not say $50 on them. For $9.95 PLUS shipping, you are actually paying $15+ for .69 cents worth of gold that if you ever wanted to cash in, it would cost you at least $50 or more with any refiner to recover the .69 cents in gold. The coins are worth .69 now and even if gold doubles in the next 10 years, you would have about $1.40 worth of gold which will probably cost $100 to extract. DON'T WASTE YOUR MONEY! DON'T BUY THE COINS! For $15. you would need to receive 21 coins to equal the money spent.

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    1. Send your comment to your senator and representative. it's called counterfeiting.

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  4. I knew it was a scam, that is why I posted it, to tell people it was a scam.

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  5. I just saw the ad on tv and looked up the price of gold. Today it was $1502.33 an ounce. I did the math. The 14 mg of gold in the coin comes out to $.074. It's up 5 cents since February 20.

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  6. I saw the ad today on TV and did my own math. Gold was $1502.33 today. The 14 mg of gold in this coin is worth $0.74 today... Hey, that is up 5 cents since February 20. Should have bought Confederate dollars. Would have been a better investment.

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  7. I bought 5 coins last week and will give them as a nice gift to some relatives. Could'nt find nothing cheaper and nice, besides those $2 bills you can get at any bank.

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    1. at least the $2 bills are real actual legal tender of $2. i wouldn't waste my money on these coins.

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  8. So long as you realize what you are getting, they are pretty coins. They just aren't worth what the ad tries to make them out to be.

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  9. I saw the commercial on Television for the coins of the Fake 2012 fifty dollar buffalo coins for 9.95. If you happen to look at the Indian head side of the coin, It literally says Copy . It is spelled out in the pony tail of the indian hair going up his Shoulder. If you took one of these as more than a coin you would give your small children to play with, you would be a laughing stock. They try to avoid showing the indian head side because it Plainly says copy on it in huge letters. What a Scam !!!!!

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    Replies
    1. I almost ordered these coins Thankyou for posting what you found on these coins.

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  10. Scam. Scam. Scam.Scam. Scam. Scam.Scam. Scam. Scam.Scam. Scam. Scam.Scam. Scam. Scam.

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  11. If this coin gold..........

    Then

    I have a 18 inch Johnson

    I was scammed by these SOBs

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  12. Do anyone know a good lawyer? I want my pay by for false advertising. I want to put a stop to these people before they rob anyone else.

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  13. Thank you for posting this. My son really wanted it. But now that we've read your post, we're not going to buy it. Thank you!

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  14. This comment has been removed by the author.

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  15. It's amazing that some people think they're getting a $50 gold coin for only $9.95

    Indeed their are suckers born every minute, which is what they are counting on

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  16. I have been seen this supid ass ad multiple times on tv its sad that its mainly targeted for the elderly like most infomercials and commecials of that sort its kind off sad but i guess i can say somebody has to make money somehow even if it is through suckers !

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  17. Where are these "proof"s manufactured?

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  18. So if I buy 1000 of them I wil have one ounce of pure gold ..it sounds like a good deal .. I just ordered 2500 of these coins ... I am going to melt them down and sell them to people in Tibet..

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  19. This scam takes advantage of the fact that our school systems produce morons by the millions. But its ok, they are well school in the details of bullshit khristianism. :)

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  20. Unfortunately, these companies also prey on our elderly. All the grandchildren received one at Christmas from our 83 year old father. These companies should be strung up by their thumbs. Sad waste of his dwindling retirement fund. He knew he had been taken. His generation trusts people. "suckers" aren't born every minute, liars and thieves are.

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  21. I was hoping that posting about it would prevent a few people from getting taken advantage of. Unfortunately, most 83 year olds aren't searching the web.

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  22. when something is supposedly worth $50, but goes for $10, scam flag should go up

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  23. After seeing this BS commercial over and over again I just had to see what others were saying. I'm in total agreement; what's most hilarious is that in one sentence they say how much gold is going up right after they let you know that the coin is "clad" in geniune gold. Wow, 'clad' sounds so premium. Too bad the offer is strictly limited to five coins or I would have bought out the whole lot!

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  24. Thanks ! saved me some $

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  25. Thanks much for all the info. This many people cant be wrong! My father sent me one of these "copy" coins in Christmas card, I thought I might just have something here! No such luck! Thanks Dad.

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  26. Now I understand why rich guys want to limit the role U.S. government. In the days of regulation, the FTC would prevent scammers like these from advertising on TV. Lack of regulations allow the rich to take advantage of the poor and the ignorant. God bless the good ole USA and capitalism or should I say "capitalization". Thank God for the internet and bloggers like you.

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    found you by error, while I was browsing on Google for
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  28. I saw this Scam add on the "MILITARY" channel and am disappointed in them for airing it. The "MILITARY" channel is allowing its' viewers to be taken advantage of, and this says a lot of how much they care about their audience.

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  29. Its a very pretty worthless coin. If you think of it as an investment then you have been scamed. If you buy one because its shinny and know its a fake, its not bad to look at. The scam is in the expectations and the belief we have in the false advertizing. We need the FTCto control scamers the Maddoffs and the rest of the white collet scum in this country.

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