Consumer reviews and reports on scam companies, bad products and services
American Mint LLC American Mint rips you off over and over again Mechanicsburg, Pennsylvania
27th of Apr, 2013 by User587884
Wow I never looked at American Mint on the Internet while I worked there for several years. I now how many people we pissed off over the years. First, 90% of the coins they sell aren't worth anything at all. They are "collectibles" and only worth what somebody is willing to pay for them. American Mint is owned by a Germany Company HMK GmBH. Initially, most coins were ordered from a Germany Company Munz-Pragstatt GmBH Munchen (referred to as MPM). Although still not worth much, the collectible coins were of much better quality. As a coin line becomes more successful, we send the Germany coins to China to be copied! MPM has no idea we get coins from China or we send THEIR coins to China to be copied. The China coins are crap. The quality is horrible as you can see real distinct color differences. But here is the bottom line...here is a typical American Mint promotion...this special whatever named coin for only $4.95 plus shipping. Okay here is where the fun begins. Say the coin was a regular gold layered or silver layered copper nickel bought by them from China. Usually these coins will cost American Mint approximately .80-$1.50. The are charging $4.95 for the coin PLUS $4.95 shipping and handling. This would be a total of $9.90. They use FedEx Smartpost as a their shipper and can ship anywhere in the U.S. under a pound for about $1.74. Total cost to American Mint approximately $3.00. At $9.90 that is over a 300% profit. When a customer orders one of these promotional coins, they are entered into a "subscription" program. They can opt out of this but it is buried in the small print. In about three weeks the customer will receive another collectible in the series of coins. This is where American Mint makes their money. These subscription coins are often sold at $79.95. Often they are the same China coins bought by American Mint for .80-$1.50. Now that is quite a profit. They put "Certificates of Authenticity" with each coin. What a joke especially for real United States currency coins they sell. For years and years they advertised and certified these coins as being in Extremely Fine condition. An example of this was a promotion they ran with the 1907 Indian Head Penny. The certificates stated they were in extremely fine condition. The coins were never graded. I probably verified several thousands of these coins in my time there. Based on the coin red book most of these were good or very good condition. The difference in price for good-very good and extremely fine is about $8.00. In fact they were selling this way for years until they got worried about False Advertising. So what they had me do is reinsert new certificates into the coins saying they were good or very good condition. No attempt was made to tell the customers they were misled. This occurred many times with Franklin Half Dollars, Peace Dollars, Morgan Dollars, and Indian Head Pennies. Probably thousands and thousands of these coins went out in "extremely fine" condition. If you are buying real coins you are probably better off going to a local coin dealer as American Mint marks up real currency as much as 50% of their cost. Beware of this company...I learned the hard way all about them. I'm currently drafting 51 letters to the Attorney General of each State and Washington D.C. To outline other business practices they may be interested in!! I wouldn't buy anything from this company unless you have money to burn!! : )
Comments
1871 days ago by Alib88us8
free shipping http://www.alib88.us/, nike shoes, air jordan shoes, nike shox shoes, gucci shoes, true religion

jeans, ed hardy jeans, coogi jeans, affliction jeans, Laguna Beach Jeans, ed hardy T-shirts, Coogi T-shirts, Christian

Audigier T-shirts, Gucci T-shirts, Polo T- shirts, coach handbag, gucci handbag, prada handbag, chanel handbag . Air

jordan(1-24)shoes $33 UGG BOOT $50 Nike shox(R4, NZ, OZ, TL1, TL2, TL3) $35 Handbags(Coach lv fendi d&g) $35 Tshirts (Polo, ed hardy, lacoste) $16 Jean(True Religion, ed hardy, coogi) $30 Sunglasses(Oakey, coach, gucci, Armaini) $16 New era cap

$15 Bikini (Ed hardy, polo) $25 free shipping http://www.alib88.us/
1659 days ago by Viopkming
Hello! everybody, give you recommend a good shopping place.

discount sunglasses sale http://www.shoesctv.com
NFL cap wholesale http://www.shoesctv.com
discount jordan shoes http://www.shoesctv.com
jordan michael http://www.shoesctv.com
designer sunglasses http://www.shoesctv.com
cheap jordan shoes http://www.shoesctv.com
jordan store http://www.shoesctv.com
Air jordan 13 http://www.shoesctv.com
cheap designer handbags http://www.shoesctv.com
NBA cap wholesale http://www.shoesctv.com
best handbags http://www.shoesctv.com
cheap jordan http://www.shoesctv.com
Jordan for cheap http://www.shoesctv.com
Air jordan 11 http://www.shoesctv.com
ray ban sunglasses http://www.shoesctv.com
handbag store http://www.shoesctv.com
Air jordan 1 http://www.shoesctv.com
handbag patterns http://www.shoesctv.com
mens sunglasses http://www.shoesctv.com
imitation handbags http://www.shoesctv.com
replica rolex http://www.topreplicarolex.org
replica watches http://www.topreplicarolex.org
jordan release dates http://www.shoesctv.com
NHL cap wholesale http://www.shoesctv.com
Air jordan 9 http://www.shoesctv.com
MLB cap wholesale http://www.shoesctv.com
cheap sunglasses http://www.shoesctv.com
wholesale from china http://www.shoesctv.com
jordan shoes wholesale http://www.shoesctv.com
Top replica watches http://www.topreplicarolex.org
replica rolex watches http://www.topreplicarolex.org
designer handbags wholesale http://www.shoesctv.com
1349 days ago by Mommarose
Thank you for the report on American Coins, etc, ..I fell for this SCAM, and then when I went into the Hospital, I sent them a Note, 2-times, with the payments, to "quit sending me their things"!!!
Now, they are sueing me, for over $500.00, saying I bought their coins and did not pay for them!!

The last thing I did buy from them was in June 2014, and I kept refusing all other things they sent to me..for July and august, then in Sept.-oct, I was in and out of the Hospital, just like I siad to them!!
How do I fight this????? (They put you on a automated-mailing, whether I oredered from them or not) I cancelled this, but, they won't let me be!! Rosie

Post your Comment

Complaint Details


Get new code


 

Recently Updated Reports

1
34 days ago by User445499
DO NOT DEAL WITH STEFAN SNYDERS/////Bitcoin.de - Scammer/LIAR
Hi CrookedlyBouquet Please provide the trade ID of the trade you are referring to, will take a...
2
45 days ago by strike56
test - test
test
4
50 days ago by 666invocation
Elizabeth C. Pellerin - SOCIOPATH
Lucifer's spawn, invoke me
5
53 days ago by Fuckmichaelscamese
Michael Salese - Michael Salese Getting ripped off by Mike Salese Bangor ,...
FUCK MICAHEL SALESE. I hope he gets burned alive!!! His children too!!
6
55 days ago by javierluna
ebay seller starpics4u - selling fake autographs to the consumers online
ebay seller starpics4u is an autograph forger. He doesn't always go out and get autographs...
7
57 days ago by CrookedlyBouquet
Stefan Snyders consultant at bitmex - this man is a fraud! he will rip you off!
NOT false information. You (Stefan Snyders) try and scam people out of Bitcoin on bitcoin.de...
8
57 days ago by Sankar Nivetha
Al Syed Consultancy - Fraud, scam gulf job cheating company
Dear job seekers of Gulf countries, (Saudi, Dubai, Qatar, Bahrain, Kuwait and Oman). I am giving...
9
57 days ago by fortsdsd
Al Syed Consultancy - CHEATING ARAB COUNTRY JOB COMPANY
Dear job seekers of Gulf countries, (Saudi, Dubai, Qatar, Bahrain, Kuwait and Oman). I am giving...
10
61 days ago by Username190935
Alesco Mailing Lists Direct Michael Sklorenko Fort Myers,...
Yacht Charter Group - Yacht Charter Group Gary S Blonder, Garyuia, Bank...
     

User Registration

Already a ScamExposure.com member? Log in now.
Username
E-mail address
Password
 
Get new code

User Registration

A confirmation email was sent to "".
To confirm your account, please click the link in the message.

If you don't see the email in your Inbox, please check your Spam box.

User Login

Not a member of ScamExposure.com? Register now.
E-mail address
Password
Forgot your password?
E-mail address
Back
Loading, please wait...
Your password has been sent to the specified email address. Log in