I ordered the new collection of all the presidential coins from the World Reserve Monetary Exchange. It was a total of $32 for over 500 dollar coins that are never to be minted again. They told me that the coins would be here in about 2 weeks, and that was about 2 1/2 weeks ago. Are they trustworthy? And are these coins regular currency? If so, wouldn't I be making like over $400 is each dollar coin I bought with the set is worth one dollar a piece?! Please tell me your comments about WRME.
2007-08-29 07:29:32 · 8 answers · asked by Elizabeth 1 in Business & Finance ➔ Investing
Firstly, the Presidential set has not been completed yet, so it is imposible for you to get them now. They have only made 2 of them so far. My 1st guess is that you missunderstood the agreement. It is more probable that EACH SET is $32. By each set, I assume that they mean 1 single roll of 25 identical coins as they are minted.
I have never heard of the company, but that doesnt mean they are not legitamate. That sounds about right for a mark-up on a roll of coins. I have bought many coins before & that is a fair rate for a roll. They are probably going to mail you a set as each one comes out & bill you $32 for it.
2007-08-29 07:48:54 · answer #1 · answered by ricks 5 · 0⤊ 0⤋
Don't hold your breath. There is a phrase that fits. . ' If anything sounds like it is too good to be true, it is"
No one is going to sell you $500 worth of coins for $32. That's a huge loss and why would someone want to take a loss? What they may send you is a bunch of "commemorative" coins minted by private mints that, if sold at retail with the normal retail MSRP, would bring $500. But rest assured that what you will get, if indeed you receive anything, will be well worth less than you paid for them!
These scams are NOT good investments
2007-08-29 07:42:26 · answer #2 · answered by seeitmiway32 5 · 1⤊ 0⤋
Do you have a confirmation number or anything? Call them & try to track your shipment down. Although this does sound a little fishy. You could have bought the coins thru the US Mint. Besides that right now only 2 coins have been minted & circulated for the President $1 coins - Washington & Adams and shortly Jefferson.
2007-08-29 07:39:37 · answer #3 · answered by sun_shinevt 6 · 1⤊ 0⤋
Something makes no sense here. Nobody is going to sell you over 500 $1 coins for $32. Doesn't that sound just a little strange to you?
2007-08-29 07:36:07 · answer #4 · answered by Judy 7 · 3⤊ 0⤋
Oh Elizabeth, you are learning a lesson. This one has cost you $32. Not too bad. I have have paid much more for my lessons through the years. You may yet get the coins. They however are virtually worthless. They will have no monitary value. Don't be too disappointed, but be wiser.
2007-08-29 09:00:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sounds a little hokie, but $32 does not exactly represent "an investment". If you don't get your stuff, complain to the post office or shipping company.
2007-08-29 07:44:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
That does sound extremely fishy.
Whatever you do don't give these people any more money!
2007-08-29 07:53:13 · answer #7 · answered by Adam J 6 · 0⤊ 0⤋
Too good to be true.
2007-08-29 09:21:50 · answer #8 · answered by Edward Hyde 2 · 0⤊ 0⤋