It is my understanding that the US Mint will STILL mint these Presidential $1 Coins to meet the demand of collectors. My source for this information is Coin Collecting News. http://www.coincollectingnews.org/us-mint-suspends-presidential-1-coin-production/1016280
I intend to write to the World Reserve and find out THEIR take on this but most definitely a breach of contract on the purchase of these coins".
I also had contacted World Reserve by mail when they said they were no longer going to send out the Certificates of Authenticity with the coins/. Instead, we were going to have to pay for them if we wanted to receive them in the future.. I informed them that when I started collecting these coins that we were supposed to receive the certificates with every set of coins and there was no mention of ever having to pay for them for the term of the contract/. They reneged and agreed to send them to me without charge!. My opinion is that World Reserve, to continue to receive these Pres?. Coins will have to pay a higher price for them for the Mint to send the coins so that the World Reserve can continue to honor the contracts with their collectors and having no means of passing that additional cost on to the collectors, is taking the easy way out by offering another "DEAL"|. I advise that each and every collector that is unhappy about this turn of events write to World Reserve and state your displeasure and then write the government in charge of minting these coins and get a better understanding as to whether they are going to continue to mint them to honor contracts that collectors have with companies such as World Reserve'. Thanks for reading this and hope it can be resolved to the the satisfaction of collectors!! 127f398
I intend to write to the World Reserve and find out THEIR take on this but most definitely a breach of contract on the purchase of these coins".
I also had contacted World Reserve by mail when they said they were no longer going to send out the Certificates of Authenticity with the coins/. Instead, we were going to have to pay for them if we wanted to receive them in the future.. I informed them that when I started collecting these coins that we were supposed to receive the certificates with every set of coins and there was no mention of ever having to pay for them for the term of the contract/. They reneged and agreed to send them to me without charge!. My opinion is that World Reserve, to continue to receive these Pres?. Coins will have to pay a higher price for them for the Mint to send the coins so that the World Reserve can continue to honor the contracts with their collectors and having no means of passing that additional cost on to the collectors, is taking the easy way out by offering another "DEAL"|. I advise that each and every collector that is unhappy about this turn of events write to World Reserve and state your displeasure and then write the government in charge of minting these coins and get a better understanding as to whether they are going to continue to mint them to honor contracts that collectors have with companies such as World Reserve'. Thanks for reading this and hope it can be resolved to the the satisfaction of collectors!! 127f398
 Comments (7) |
| 1. Written by Kelly Dell on March 24, 2012 from collinsville, illinois, US I paid 69.99 a month for 2 sets. One set from each mint. They want to leave me with half a collection or pay me face value of the coins I did not yet recieve. I payed $70 for 20 coins, so they want to keep $50 dollars of every payment I made? WE NEED A CLASS ACTION LAWSUIT! They should repay every last cent that we payed not the face value! Is anyone know a good lawyer? |
| 2. Written by Harold on February 8, 2012 from chattanooga, tennessee, US Everyone File complaint: Ohio Attorney General Mike DeWine 30 E. Broad St., 14th Floor Columbus, OH 43215 |
| 3. Written by makes me mad on January 31, 2012 from rochester, new york, US I too got this letter and intend on filing a complaint cant remember exactly how much i paid but for 80 coins total from both mints and the protective displays which are nice seemed like a good deal at the time now with this second letter 1st 1 was the (authenticity no longer given) (red flag) now this I will never deal with these crooks again. |
| 4. Written by The World Reserve on January 31, 2012 from north canton, ohio, US Dear World Reserve Customers, We understand and share your concern at the U.S. Government’s recent announcement to stop production of the Presidential $1 Coins for circulation. We are in direct and frequent contact with the United States Mint and are actively seeking alternatives and solutions to this decision that was thrust upon us. Our #1 goal is to secure enough coins from the U.S. Mint to be able to continue fulfilling all customer orders. In the meantime, we have also proactively provided some alternatives in the event we are not able to secure the $1 coins or for customers who do not wish to wait for final resolution. As a responsible business, we want to have contingency plans ready should the U.S. Mint inform us it cannot produce the quantity of $1 coins needed to meet demand of all of our customers. No one is obligated to select one of these alternatives, but they are available should anyone wish to take advantage of them now. Facts: - As you know, the World Reserve Monetary Exchange, Inc. does not mint any coins nor did it have any say in the Federal Government’s decision to stop production of the Presidential $1 Coins in circulation quantities. This was a decision made by President Obama’s Administration. - The U.S. Mint will continue to strike Presidential $1 Coins, but it has not yet guaranteed that it will strike enough coins to fulfill the quantities needed by World Reserve Monetary Exchange, Inc. If necessary, we could purchase the coins in smaller quantities, but we still do not have confirmation from the U.S. Mint that it will strike the quantity of coins we need. - Every World Reserve customer enrolled in this program was proactively sent a letter from The World Reserve informing them of the government’s decision. While the goal is to ensure the coins can be obtained and shipments continue, the letter contains five options should the coins not be available in the end. The five options provide a wide range of alternatives to satisfy customers, including the option to simply wait until we have a definitive answer from the U.S. Mint (Option A). - If a customer wants to continue receiving the coins they should select Option A only. Once we are made aware of the U.S. Mint’s decision we will communicate with those customers accordingly. For any customer who has additional questions please contact Mandi Snyder directly at 330-244-4121 or by email at It would be her pleasure to assist you. Sincerely, The World Reserve Monetary Exchange, Inc. |
| 5. Written by MJThompson on January 30, 2012 from riverside, california, US Sorry for the wrong link. Thanks for noticing! This contact info is from the usmint-dot-gov website: United States Mint 801 9th Street, NW Washington, DC 20220-0001 Telephone: (202) 756-6468 Weekdays 9:00am to 5:30pm EST, except holidays. Fax: (202) 756-6200 Email: |
| 6. Written by Mandi on January 30, 2012 from north canton, ohio, US MJThompson, The website you provided is NOT the website to the United States Mint. Govmint is a private company that distributes coins. Pissed Consumer usually removes any posts that contain links so the website for the actual US Mint (spelled out so it doesn't tag as a link is) www dot usmint dot gov Thanks! Mandi |
| 7. Written by MJThompson on January 30, 2012 from riverside, california, US An even better source of factual information regarding the production and availability of the future presidential coins is the U.S. Mint. They will continue to produce the coins for collectors, but in smaller quantities. Anyone can verify this by a visit their website: www.govmint.com, or contact them by phone - (800)721-0320, or email: URL: |
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