World Reserve Monetary Exchange Deceptive Notice 2012
I am a customer who PAID IN FULL for the "Presidential $1 Coin Collection". I have been receiving the new uncirculated coins, one each on schedule as promised.
However, I received notification with my most recent shipment of the 'Garfield' coin that
this will be the last one due to the "Federal Government halting production"?
They offered three options and expect me to indicate my choice on a 'FORM G-20'.
NONE of the choices offered indicate that they will continue to ship the remaining
coins' as the Government Mints them. Instead they want me to believe that future coins
will NOT be available!
This is simply NOT the case, as reported by the U.S. Mint. The Mint clearly indicates
that production will continue, BUT only on a limited supply basis - to coin collectors.
The reason World Reserve Monetary Exchange isn't telling us this, is because the
future minted coins will cost MORE to secure, and they don't want to have to pay the
increased price, especially when they are already under contract to continue shipping
these future coins to collectors like myself, who have already PAID them.
Instead they (WRME) are trying to get us to agree to accept a SUBSTITUTION - a
"Limited Edition Presidential Medal" - NOT real $1 coins. Either that, or a store credit,
or 'renumeration' of face value ($1) per coin in four annual installments through 2016!
This is very unacceptable and deceptive. They are trying to get their customers to
agree to a change in CONTRACT mid-way through the period of the contract, in order
to avoid extra expense not anticipated by them.
Any competent attorney would tell you that this would constitute a breach of contract
on their part - UNLESS - they can get their customers to agree to the options being
offered by the so-called 'FORM G-20'.