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Originally posted by Rich
Actually I can't believe that company is not authorized by the government. How did they get away with scamming people for so long? They call themselves a mint to confuse old people.
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This is only a temporary injunction, I believe, until the judge gives a final ruling. They are exceptionally careful in their wording. From the article:
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He said the coin advertised as nearly pure silver is only silver plated, produced by a Wyoming company called SoftSky Inc.
The TV and print ads include one fashioned after a news story that reads: ``Today, history is being made. For the first time ever, a legally authorized government issue silver dollar has been struck to commemorate the World Trade Center and the new Freedom Tower being erected in its place ... Most importantly, each coin has been created using .999 pure silver recovered from ground zero!''
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I'm pretty sure their defense will be:
#1 Their ads didn't say *which* government legally authorized the silver dollar...they'll produce documentation showing that some pipsqueak government outside the 50 United States (but possibly a protectorate of the United States) authorized the issuance.
#2 Their ads didn't say the silver dollars were made of pure silver, they said pure silver was used in making them...so it could be 99% lead, and 1% silver, but the 1% silver they used is 99.9% pure silver.
That's some deceptive wording in their ads, but none of it seems outright false. |
