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rodzm
Penny Pincher Member
USA
143 Posts |
 Posted - 02/14/2009 : 09:23:38
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United States Rare Coin & Bullion Reserve has 1/10 GAE for $84...problem is the shipping is $31 regardless if you buy 1 or 10. If you buy 10 you would essentially be buying gold way below spot.
I bought 3 and it gave me an average of $94 shipped. Gold under spot ;)
The ad came from the American Legion mag (Feb. '09) for up to 10 $5GAE for $84 each with ad code: AL23-84,
Phone number 800-514-9034
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/14/2009 : 10:24:07
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Just ordered ten.
Makes me nervous giving out CC info out over the phone like that, but im sure its legit
Comes to $87.10 each Thanks for the post and number rodzm |
Copper Penny Investing
www.portlandmint.com |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/14/2009 : 10:34:59
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| Nice, I should try this, I wanted to stock up on more Gold... |
Trolling is an art. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/14/2009 : 11:28:21
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| They asked me for the page number where the ad was located. |
Trolling is an art. |
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rodzm
Penny Pincher Member
USA
143 Posts |
Posted - 02/14/2009 : 11:39:28
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quote:
Originally posted by Neckro
They asked me for the page number where the ad was located.
They may be getting bombarded with calls since this has been posted on the Kitco forums and on GIM forums todaY.
Its a great deal especially if you buy 10 of them. That would mean you would be buying gold at $871/ oz, $70 less than the current spot price |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/14/2009 : 16:50:04
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| I wasent asked for the page number. I just gave them the ad code and my info |
Copper Penny Investing
www.portlandmint.com |
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Bootstrap
Penny Collector Member
USA
279 Posts |
Posted - 02/14/2009 : 17:19:52
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| Thanks for the tip! Hopefully, the gold coins will appear. |
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Bootstrap
Penny Collector Member
USA
279 Posts |
Posted - 02/14/2009 : 17:22:15
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quote:
Originally posted by Neckro
They asked me for the page number where the ad was located.
The guy I talked to asked me about the page number. I told him I saw the add at the dentist office this morning and from there he didn't even ask the vault code. He told me the coins will ship in 5 days. We'll see if it works out.
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aaron239
Penny Collector Member
USA
260 Posts |
Posted - 02/14/2009 : 19:47:22
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| Does anyone know the page number? |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/14/2009 : 20:41:09
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quote:
Originally posted by aaron239
Does anyone know the page number?
Just tell them you read it while you were at your friends house at you cant remember the page OR tell them your wife wrote down the number and ad code and than threw the magizine away. |
Copper Penny Investing
www.portlandmint.com |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/16/2009 : 13:41:36
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| HAHA, they're now at 114bucks. |
Trolling is an art. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/16/2009 : 18:54:27
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Did any of you guys get called back and said your order wasent valid? This happened to a bunch of people over on at goldismoney.info They said because they had ordered back in 2006 on a similair deal.
Im glad I didnt get called back, as for this is my first time ordering |
Copper Penny Investing
www.portlandmint.com |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/17/2009 : 17:55:38
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I got a phone call today..
They asked if I was a subscriber to American Legion and I said no.
They asked me where I saw the ad and I said when I was reading the magizine while I was out in about.
They then told me they wouldnt be able to sell my any because they ran out of stock. They said a forum group had gotten ahold of the ad and they had over 400 orders and they dont have that many in stock.
I said its not my problem that you dont have that many in stock and I said you cant prove I am from a forum. You have to honor that price and the product because you took my info and took the order! I also said that they SHOULD know what they have an inventory and only take that many orders.
He than said that the orders are processed intill the next day so that they have no way of knowing. I said once again thats not my fault and that they the orderes most likely are put in process that same day!
He than told me that he had some for sale for $114!!!! (IM REALLY URKED NOW) So I say WAIT you just said you dont have any in stock but not you are trying to sell me some for $30 more.
He said they are differnt.
I said how are they differnt. I was told when I ordered the ten for $84 that they were to be all differnt years.
He than said well its a differnt lot of coins. I said thats not my problem a 1/10oz gold eagle is a 1/10 ounce gold eagle.
He didnt say anything so I said You sure are a shady company.
He said im sorry you feel that way sir but we just dont have that many in stock.
I said you DO have them in stock because you just tried to sell me some. I said its not my problem that you guys cant count your inventory and keep track of stuff. I said if you guys ran out of fingers and toes to count they make a thing called a calculator.
He said yes I know what a calculator is and they cant honor my order.
I said you guys are a shady shady company.
He than gives me a little speal about how they did this specail order just for the veterns and that they were trying to do something nice blah blah blah.
I said NO what you guys are doing is running a shady outfit! I said you prey on older people and when they call in to get a good deal you HARD SELL them this other crap for DOUBLE what its worth. Than when you get someone calling in who knows what stuff is worth and decline your overpriced stuff you cant fullfill the order. I said thats a pile of crap and that they were a shady shady company
He said no thats not what we do.
He than said Im tired of you calling us shady and hung up the phone!
I dont know about you guys but this really Urked me! I have not seen the ad but I KNOW it doesnt say you have to be an american legion subscribor in the ad! It says something like limited number first come first serve. Well if they took the order and didnt have the stock THATS NOT MY PROBLEM!
What do you guys think??
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Copper Penny Investing
www.portlandmint.com |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/17/2009 : 18:09:44
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| They gave me BS the first time I called. Then gave me the 114 BS the second time I called. Even if it was just for the Legion members. They can't prove you are, or aren't a member. |
Trolling is an art. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/17/2009 : 19:17:32
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quote:
Originally posted by Neckro
They gave me BS the first time I called. Then gave me the 114 BS the second time I called. Even if it was just for the Legion members. They can't prove you are, or aren't a member.
Exactly! |
Copper Penny Investing
www.portlandmint.com |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2009 : 19:24:28
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quote:
Originally posted by highroller4321
What do you guys think??
First off Highroller, I want to say that this response is not pointed directly at you. I have seen this happen many times on several forums, and not just for bullion items. From the perspective of a business owner it has bothered me, which is why I wrote this. Nothing personal 
Now, here's what I think 
I think it's normal practice to allocate a certain inventory for a special promotion, and discontinue the offer once that inventory is used up. If I had a vault full of 10,000 coins (I wish!), I might decide to offer a special price on 100 of them to generate some interest. However, there is no way I would take a loss on my entire inventory. A business is in business to make money, and selling off all inventory below cost is not a good way to do that.
I think they are getting bombarded because these offers have been posted on several online forums, and they sold out much quicker than they ever had before. Posting these on forums, while handy for us, is sort of a gray area. It's almost like making photocopies of grocery store coupons. The intent of placing an ad in a magazine is to direct the offer to the recipient of the magazine, not to the recipient of the magazine and everyone else on the internet. In the past, allocating X number of units at the sale price probably lasted a whole month. Once the offers started springing up online, the same X units probably lasted a week, at best.
I think 99.9% of businesses have a clause in their terms of sale that they reserve the right to change prices and promotions without notice and/or cancel orders without notice. It's not often these are used because the business' reputation would fade fast, but it's there in case of situations like this, and so the business doesn't have to drive itself into bankruptcy to honor a typo in a price somewhere in their catalog.
I think most companies selling bullion items also have a clause in their terms about advertised prices being dependent on spot prices. It's easy to update prices on a website to reflect spot price and demand. It's not easy to update a printed ad in a magazine that was probably finalized 2-4 weeks before the magazine ever hit shelves/mailboxes.
I think that by conducting business with an organization, you agree to their terms.
I think they should have a better system in place to keep track of inventory so that instead of taking your order and then calling you back later to let you know they can't honor it, they can just say, "I'm sorry, but the inventory allocated for this promotion has all been sold. We do have more coins available, however they are at our regular price of..."
I think it would have been helpful to make known the total number of coins available for the promotion in the ad. Something like "promotional inventory limited to 500 coins" would have prevented a lot of this backlash.
I think my expectations for offers that are too good to be true is that they are too good to be true. If I can get them, cool. If not, I don't feel like I missed anything.
I think it's surprising all of these offers have lasted as long as they have.
I think these companies all have reputations for low-ball promotions and overpriced sales calls. I think everybody here knows that, and by ordering you agree to subject yourself to it anyway.
I think the company could have dealt with the situation much better, and has lost the respect of many because of the way it was handled.
I don't think the company did anything legally or morally wrong. |
Nate
The Copper Cave
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killerken53
Penny Pincher Member
172 Posts |
Posted - 02/17/2009 : 19:24:37
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| You should have responded that you certainly are a member of post XXXX (insert number here of local post), and that you saw the ad in the club copy of the magazine at the end of the bar. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2009 : 19:27:16
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| I also think lying about being a veteran to get some cheap stuff is pretty low.. |
Nate
The Copper Cave
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/17/2009 : 19:44:51
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quote:
Originally posted by natsb88
quote:
Originally posted by highroller4321
What do you guys think??
First off Highroller, I want to say that this response is not pointed directly at you. I have seen this happen many times on several forums, and not just for bullion items. From the perspective of a business owner it has bothered me, which is why I wrote this. Nothing personal
Now, here's what I think
I think it's normal practice to allocate a certain inventory for a special promotion, and discontinue the offer once that inventory is used up. If I had a vault full of 10,000 coins (I wish!), I might decide to offer a special price on 100 of them to generate some interest. However, there is no way I would take a loss on my entire inventory. A business is in business to make money, and selling off all inventory below cost is not a good way to do that.
I think they are getting bombarded because these offers have been posted on several online forums, and they sold out much quicker than they ever had before. Posting these on forums, while handy for us, is sort of a gray area. It's almost like making photocopies of grocery store coupons. The intent of placing an ad in a magazine is to direct the offer to the recipient of the magazine, not to the recipient of the magazine and everyone else on the internet. In the past, allocating X number of units at the sale price probably lasted a whole month. Once the offers started springing up online, the same X units probably lasted a week, at best.
I think 99.9% of businesses have a clause in their terms of sale that they reserve the right to change prices and promotions without notice and/or cancel orders without notice. It's not often these are used because the business' reputation would fade fast, but it's there in case of situations like this, and so the business doesn't have to drive itself into bankruptcy to honor a typo in a price somewhere in their catalog.
I think most companies selling bullion items also have a clause in their terms about advertised prices being dependent on spot prices. It's easy to update prices on a website to reflect spot price and demand. It's not easy to update a printed ad in a magazine that was probably finalized 2-4 weeks before the magazine ever hit shelves/mailboxes.
I think that by conducting business with an organization, you agree to their terms.
I think they should have a better system in place to keep track of inventory so that instead of taking your order and then calling you back later to let you know they can't honor it, they can just say, "I'm sorry, but the inventory allocated for this promotion has all been sold. We do have more coins available, however they are at our regular price of..."
I think it would have been helpful to make known the total number of coins available for the promotion in the ad. Something like "promotional inventory limited to 500 coins" would have prevented a lot of this backlash.
I think my expectations for offers that are too good to be true is that they are too good to be true. If I can get them, cool. If not, I don't feel like I missed anything.
I think it's surprising all of these offers have lasted as long as they have.
I think these companies all have reputations for low-ball promotions and overpriced sales calls. I think everybody here knows that, and by ordering you agree to subject yourself to it anyway.
I think the company could have dealt with the situation much better, and has lost the respect of many because of the way it was handled.
I don't think the company did anything legally or morally wrong.
Nate I agree with you for the most part. I did look at from my point of view and the point of if i was the owner.
I understand that this was a promotional deal and that there was XXX number of coins allogated for that use and only that use. Thats why the hard selling comes in, because they lost a little money (MAYBE) and now they want to make double or triple what they should be making off of a differnt coin.
HOWEVER if you run a business and advertise something and accept an order you SHOULD honor that! I dont care if you overrun orders or not. As a business owner its their own personally responsibilty to make sure things are getting done right. I would understand if I was the only one that this happened to. I wouldnt have got snippy with them on the phone, I would understand that they made a mistake. BUT I wasent the only one! I was one of HUNDREDS who got denied on this promotion.
And NO this isnt like photocoping a coupon out of an advertisement. Im sure there are hundereds on thousands of American legion members who got that magizine. Its not like it was strickly ment for a SMALL group of people.
Yes, most business's have some sort of clause with any ad they run. Its usually in small print at the bottom of the ad. Their clause was that it was while supplies lasted. When they run out they should STOP taking orders in! They had to have a rough estimate of the numbers being sold. No reason to have hundereds of people give out their personal information just to get denied. When I called in my order was accepted and should be honored. They shouldnt accept orders if they cant back them up. OR they should give some sort of warning that the orders might have been filled already.
I was denied the right to puchase the coins due to the fact I Wasent a legion magizine suscriber. No where in the ad does it have that clause!!!!
What im most upset about is I gave out A LOT of personal information to this company and got NOTHING in return! I gave out my name, phone number, CC number, 3 digit code on back of CC, my address, ect! Now they have a record of everything and what did I get in return NOTHING!
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Copper Penny Investing
www.portlandmint.com |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2009 : 20:10:37
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quote:
Originally posted by highroller4321
HOWEVER if you run a business and advertise something and accept an order you SHOULD honor that! I dont care if you overrun orders or not. As a business owner its their own personally responsibilty to make sure things are getting done right.
Yes, I agree that they should honor their offers, but I also know it can be tough when redemptions exceed expectations. This is where businesses that truly value their customers shine, and businesses that make people unhappy get pushed aside. The free market at work
quote:
Originally posted by highroller4321
When they run out they should STOP taking orders in! They had to have a rough estimate of the numbers being sold. No reason to have hundereds of people give out their personal information just to get denied.
Agree 100%. Their order system should keep track of the inventory allocated and as soon as it is depleted it should not allow the operators to accept any more orders. It would have disappointed those who called in and were denied, but this whole situation with canceling orders would have been avoided and overall it would have been much better for both parties.
quote:
Originally posted by highroller4321
I was denied the right to puchase the coins due to the fact I Wasent a legion magizine suscriber. No where in the ad does it have that clause!!!!
I haven't seen the ad first hand so I can't say for sure, but if that was the case then their excuse for canceling your order was pretty lame. They can certainly say that they "intended" the ad to be for Legion members, but they should not use that to deny your order if it was not printed.
quote:
Originally posted by highroller4321
What im most upset about is I gave out A LOT of personal information to this company and got NOTHING in return! I gave out my name, phone number, CC number, 3 digit code on back of CC, my address, ect! Now they have a record of everything and what did I get in return NOTHING!
I also agree with you 100% here. That's why I always use PayPal virtual credit cards for deals like this. You can use your PayPal account to generate a credit card number that is only good for one charge. Very little risk that way, and there's no extra charge to use it. |
Nate
The Copper Cave
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/17/2009 : 20:27:05
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quote:
Originally posted by natsb88
[quote]
You can use your PayPal account to generate a credit card number that is only good for one charge. Very little risk that way, and there's no extra charge to use it.
I didnt know they offered such a service. Do you have to have a business account with them for this? Is there a fee for this? |
Copper Penny Investing
www.portlandmint.com |
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fb101
Administrator
USA
2856 Posts |
Posted - 02/17/2009 : 20:30:22
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| Yeah, Thanks for the info Natsb88 - I never knew about that virtual CC thing, and I have refused many offers because I wouldn't hand out my real CC info to unknowns. |
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Bootstrap
Penny Collector Member
USA
279 Posts |
Posted - 02/17/2009 : 20:35:51
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I received a call very similar to Highrollers on Monday. They stated that they were only calling to confirm my information. However, they asked me the same questions and I told them I was not a subscriber to the magazine, but I copied the information down as I came across the ad while I was doing my errands. The guy did not mention my order being canceled, but I doubt that I will receive it now.
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2009 : 20:47:29
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I had a hard time getting back to the log-in page for it after PayPal changed the layout of the main account page, but I finally found it here and bookmarked it:
You must be logged in to see this link.
I do have a Business account but I'm not sure whether or not that's a requirement. It's actually part of a downloadable plug-in thing you can use in Firefox or IE, but I don't really recommend the plug-in. It really bogs down the browser.
You must be logged in to see this link. |
Nate
The Copper Cave
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Edited by - natsb88 on 02/17/2009 20:48:35 |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/17/2009 : 21:11:24
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| Is there anyway to do it without downloading the plug in? |
Copper Penny Investing
www.portlandmint.com |
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natsb88
Administrator
USA
1850 Posts |
Posted - 02/17/2009 : 21:14:41
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quote:
Originally posted by highroller4321
Is there anyway to do it without downloading the plug in?
I don't use the plug-in itself. I just use the first link and there's a section of my PayPal account called "plug-in" where I can generate new cards and delete old cards, etc.
I did initially download the plug-in but I uninstalled it later. |
Nate
The Copper Cave
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Topic |
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United States Rare Coin & Bullion Reserve $84 GAE
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