Perhaps you've seen the TV commercials about the "New 2008 Liberian $20 NCLT Coin Certificate" commemorating the Twin Towers. If not, here's their website link (before you order though, read the following): http://www.911twenty.com/ You see that "SPECIAL FACE-VALUE RELEASE" headline? Well, Face Value 20 Liberian Dollars equals $12.70 U.S.A. (63 1/2 cents USA to 1 Liberian Dollar. If you purchase one of these and an emergency arises, there is no coin dealer in America that would purchase this coin certificate for more than $11.55 U.S.A. No Bank is interested in exchanging it because it isn't a business strike production. However, if you travel to Liberia and take it to a Liberian Bank, they'll replace it with other Liberian coins worth $20 Liberian ($12.70 USD), but not before trying to dissuade you from turning it in. Just thought you should know, Clinker
Yep! i caught that on the commercials too. Kind of misleading, but isnt that what marketing is? thanks clinker!
Thanks Clinker, I never purchase any of that televised JUNK either. If a commercial comes on hawking this %$#& it's time for me to hit the can... Take Care Ben
"The frosted Twin Towers stand out against a mirror-like background, double dated 2001-2008 with our promise – “We will never forget!” It should read: "We will never forget - how to profit from this senseless tragedy!" Almost 7 years later and these yahoos are still preying on people's patriotism and emotions. Sickening.
Yeah I've seen that commercial as well here in TN, I was quite turned off by it. People will do anything to make a buck. And could somebody please tell my what Liberia has to do with 9/11!!??
Isn't that the one that they say is "Silver Leaf" coated only? I think this thing they're selling isn't worth the metal it's printed on. Now if they made it in pure silver at cost, then . . . But that's not the case!
Daggarjon and Bonedigger: Thanks for reading and commenting... Aslanmia: Right on! thedjsavage: You already mrntioned the connection. America's Mighty Dollar. Haleiwa: Remember those "Silver-Leaf" Postage stamps Franklin Mint produced back in the late 60s, all during the 70s and early 80s? How did anyone keep them from being damaged? Clinker
Hmm, all I get when I click that 911twenty.com link is six "Warning" alerts and one "Fatal Error" alert. Anyway, isn't that dollar worth less? 20 Liberian dollars should be about 31 US cents ... (Edit) Just tried it again, and the site worked now. Ugh. Sure, it is quite common for major dealers to approach some government - be it Liberia, Niue, Palau, etc. - and then somehow share the revenue. That is also why such pieces don't have much to do, theme wise, with the "issuing" country - the collectors that such pieces are aimed at are elsewhere. But this "face value" thing is quite misleading indeed. Christian
chrisild: The Liberian Dollar exchanges at 63 1/2 cents making the $20 Liberian equal to $12.70 USD. bgcoins: Very well put (concise and true)! Clinker
Hmmm, I've seen the commercials for these and never really paid much attention to them so I never noticed that. It's amazing that they can flat out claim they are selling them for "face value" of $20 when the it's not the same type of currency that you are buying it with. I think that claim should be down right illegal. I wonder if I could order one and pay for it with $20 Liberian dollars??? :whistle:
Try it out. Doesn't it say somewhere on that page that all prices are in US dollars? As for the Liberian Dollar exchange rate, I was not sure myself, but doesn't this suggest you pay 63 1/2 Liberian Dollars to get one US Dollar? http://www.oanda.com/convert/classic?value=1&exch=USD&expr=LRD http://www.xe.com/ucc/convert.cgi?Amount=1&From=USD&To=LRD Oh well, 1 LRD is certainly less than 1 USD no matter what. So referring to it being available at "face value" is odd to put it mildly ... Christian
According to xe.com, you get 63.5 Liberian dollars for every American dollar. (ie. a Liberian dollar is worth less then 2 cents American.) I thought 63.5 cents to the dollar seemed a little high for a third world African nation! Easy mistake to make, but I'd still get your wife to check your tax returns.
So, would that mean the this "note" is very thin and therefore could easily be bent and torn (like tin foil)...or that it is a rigid piece of metal covered with silver leaf?
Thanks to Aslanmia for correcting me on the exchange rate. Thanks to gocamels for answering RichieB16's question. Clinker
I would guess it's a solid piece of metal covered in silver leaf, that's usually how it works. On a side note, the silver content of silver leaf is most likely minute. Remember all those "gold flakes" floating in water you see for sale on eBay all the time? Well I've been told they can't be melted down into any type of bullion form because they would just vaporize. So to sum up, a buyer of this note would be paying $20 US for a hunk of metal (most likely steel) with a face value of under 2 cents US.
Aslanmia You hit the nail on the head! "Buy low, mint a commemorative then sell high.!:whistle: Clinker
