2012 Gold Buffalo Tribute Proof???

I really hate those commercials. I simply do not see how they are not violating the law, since it is their intent in every way to confuse the public to believe they are selling a solid gold, US minted coin. If they marketed it for what it was I wouldn't object. Crud like this is what REALLY give coin collecting the sleazy image it has in many circles.

 

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About 1 month ago I almost bought this thing on TV until I did some research. Lol, now I'm buying from the U.S. Mint. But I can see why the commercial could be deceptive to the ignorant viewer, which are millions I assume.

 

I just wrote an article about this $50 Gold Buffalo commercial. I sited a quote from this thread in the article. It's very misleading no doubt.

http://www.examiner.com/personal-finance-in-hattiesburg/the-2012-50-gold-tribute-buffalo-hustle

 

I love the irony in the quote:

"Avoid disappointment and future regret. Call now!"

Isn't disappointment and future regret guaranteed IF you call now???

 

No! It's called a "Tribute Coin" because you're putting $9+ into their pockets for the privilege of getting one of their copies.

Chris:devil:

 

Awesome sales pitch! No mention the word that described this turd best: GIMMICK!!!

 

I think that is my favorite line in the whole commercial. If the ad itself isn't bad enough...that really pushes it over the edge. IMHO, this shouldn't even be legal. The ad is a clearly design to confuse and deceive the buyer. They should have to clearly state "this is a copy of a valuable coin using worthless material...you are paying for a pretty paperweight."

 

No velvet lined presentation case...... or certificate of "authenticity"?? Count me out!

 

Each one of these has about 6x more content.
SIX TIMES the amount.

 

Aspirin doesn't have gold in it!

 

The US Treasury really ought to be cracking down on this outfit. They have done it in the past when these pseudo mints crank out this kind of junk. These coins are no different than Chinese counterfeit Pandas where they cleverly leave off the denomination so they can maintain it's just a copy.

I saw another advert for this coin last night and paid closer attention to it due to this topic. IMO, the advert is clearly aimed at tricking the novice into thinking there is valuable gold in this coin. It's bad for coin collecting and bullion buyers because when this crap gets out there, it hurts all of us.

 

You have a point. There isn't really any false statements, but the ad keeps preaching the "skyrocketing price of gold." (As if this "coin" actually had any mentionable amount. Then there's the failure to mention it is in fact a replica.

 

I'm always a bit surprised at how long ads like that stay on broadcast tv. Is that an indication of success (selling a lot) of the product? I would think so.

 

Yeah, there's a lot of suckers out there, afox. I'm sure some buy it for a novelty piece too though.

 

It depends. In broadcasting there is a need for a lot of "filler" advertising. These are ads where the TV station only makes money if people buy. They are runs as often as the station wishes, since the company does not pay for airtime, only on filled orders. This is why there is either "dept XXX" or a different phone number on these ads, so the company can keep straight which station they have to pay.

So, it could have just been a slow advertising period, and a lot of these ads were run to try to generate some revenue.

 

I think you are correct on this for the most part. With some exceptions, I've been seeing them on after midnight for the most part lately (I'm a night owl).

 

I was going to order one but it was last week and i think the 7 days are up. So I am sure they are sold out. Too bad. For now I will have to settle on a 1/4 ounce American Eagle until I see the commerical again.

 

There are people who have more gold as fillings in their teeth!

 

Yeah, it's 14 thousandths of a gram. It takes 31.1 grams to make 1 troy ounce.

So yes, very very small.

This means that it would take 2221.42 of these coins to = 1 ounce of gold.

An ounce of gold bought by this method would cost you $42,207 not including shipping and handing. Quite a markup if you ask me.

They are most likely laughing all the way to the bank.

 

I'm sure you could try ebay. That would be an excellent spot to sell those future rarities.