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(Chicago Sun-Times)   Area man discovers that when investing in the Franklin Mint 401(k), past performance is not indicative of future results   (heraldnews.suntimes.com) divider line 224
    More: Fail, Franklin Mint, Benz, Princess of Wales  
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18244 clicks; posted to Main » on 29 Apr 2012 at 8:40 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-29 08:26:40 AM
What a rube. That's why I emptied out my bank account and little Timmy's refrigerator college money and put it all in a REAL investment -- those coins where the Twin Towers STAND UP AGAIN!

I'll wave at you all from the back of my Giraffapotamus!
 
2012-04-29 08:28:13 AM

Mr. Coffee Nerves: those coins where the Twin Towers STAND UP AGAIN!


Similar coins have skyrocketed in price!
 
2012-04-29 08:41:09 AM
Wait until he realizes how much his Beanie Baby collection is worth.
 
2012-04-29 08:44:18 AM
That was way too dumb to be real.
 
2012-04-29 08:45:08 AM

BunkyBrewman: Wait until he realizes how much his Beanie Baby collection is worth.


I'll bet not as much as my pogs! Remember pogs?
 
2012-04-29 08:47:49 AM

Mr. Coffee Nerves: That's why I emptied out my bank account and little Timmy's refrigerator college money and put it all in a REAL investment -- those coins where the Twin Towers STAND UP AGAIN!



i50.tinypic.com



You are a wise investor, Sir. That is fine, quality craftsmanship. Would you like those delivered to your yacht or your mansion?
 
2012-04-29 08:47:50 AM

Rapmaster2000: That was way too dumb to be real.


Maybe not, at an assisted living place I worked in some woman spent like $10K on crap like that.
 
2012-04-29 08:48:20 AM

robmilmel: Mr. Coffee Nerves: those coins where the Twin Towers STAND UP AGAIN!

Similar coins have skyrocketed in price!


Franklin mint can probably fairly claim that prices have skyrocketed if the last known (and also, first) transaction involving their crap is selling it at 10 to 100 times its production cost..
 
2012-04-29 08:48:30 AM
You have to be careful of which collectibles to purchase from the Franklin mint. That's why I chose mine carefully....keeping in mind no real American would consider buying below its original value.
4.bp.blogspot.com
 
2012-04-29 08:48:41 AM
Sometimes, one's purpose in life is to be an example to others.
 
2012-04-29 08:48:57 AM
Hey, how are those baseball cards from the 90's doing?

/instant collectables, my ass
 
2012-04-29 08:50:53 AM

NewportBarGuy: Would you like those delivered to your yacht or your mansion?


He is Elmer J. Fudd, millionaire. He has a mansion AND a yacht!
 
2012-04-29 08:51:23 AM
Stay away from creepy plate.
www.quirkins.com
 
2012-04-29 08:51:53 AM
Obviously, had the idiot in the article invested in sure-fire collectables such as the full line of velvet Elvis paintings and the complete NASCAR plate line, he would be frolicking in the Bahamas right now. Or, Ripley West Virginia.
 
2012-04-29 08:54:30 AM
Frankly, it's their fault you purchased those coins

Priceless
 
2012-04-29 08:54:34 AM
No shiat? There's a news flash. "Clad in 4mm of .9999 gold" should have tipped you off, as well as the statement "not affiliated with the US Mint or US government". It's like buying a crappy tv from rent-to-own, you end up paying 10 times what it's worth, and are getting farked, and they are getting rich. These items don't have ANY worth except for collectors, and their silver/gold, which is usually at 4mm, which is almost nothing. They will not appreciate in value, and nobody wants them. You got screwed with your pants on.
 
2012-04-29 08:54:34 AM
It's sad really. When my grandfather died we found a bunch of Franklin Mint crap in the house. Some was even locked in a little safe.

And this was a guy who was always telling people he'd help them invest their money.
 
2012-04-29 08:54:40 AM
this is the same guy who thinks he's the only one with a "#1 DAD" baseball cap.
 
2012-04-29 08:54:58 AM
i too question whether anyone can be as dumb as the letter-writer, but apparently there are such folks out there, since the franklin mint is in business.

/yes, the coins will be valuable to "collectors"
//who the fark is collecting them, other than rubes like you?
///you're better off believing a stripper when she says she's never jerked off a cock as big as yours before...
 
2012-04-29 08:55:06 AM

DrippinBalls: Or, Ripley West Virginia.


I've frolicked in Ripley WV, don't knock it until you've tried it!
/mmm country girls.
 
2012-04-29 08:55:25 AM
I think it's apropos that the rube signs his letter DA.
 
2012-04-29 08:56:18 AM
Speaking of results and performance, Drew, you might want to reconsider having American Apparel ads on your site. The guy in the jeans is not doing you any favors.
 
2012-04-29 09:02:46 AM
Damn,
i181.photobucket.com

The poor bastard is out his life savings and all this columnist can do is mock him.

I don't buy into that "never give a sucker an even break" crap.

I belileve the government has a responsibility in keeping businesses and individuals from taking advantage of the desperate and foolish.

Companies like The Franklin Mint must be forced to put up huge disclaimers stating YOU WILL LOSE YOUR MONEY in their ads if they in ANY way imply their crap is an "investment."
 
2012-04-29 09:03:07 AM
ouch!

My mother-in-law decided it as time to cash in on her 100+ collection of Mint condition Beanie Babies (with tags and tag protectors). Turns out that 99.9% of them are currently valued at less than a dollar. I did a lot of research before selling them (giving them away) at a garage sale to make sure that she didn't have a rare Jerry Garcia or a Spot without spots and now I know more about these worthless things than any grown man should. I advised her to hold on to her Princess Diana in glass case and the "Original 9" because someday they might be worth what she paid for them.
 
2012-04-29 09:05:10 AM

KrispyKritter: this is the same guy who thinks he's the only one with a "#1 DAD" baseball cap.


Mandelbaum! Mandelbaum! Mandelbaum!

thumbs2.ebaystatic.com
 
2012-04-29 09:05:37 AM
My sympathies.
 
2012-04-29 09:05:48 AM
www.michaelarnoldart.com
lol
 
2012-04-29 09:07:18 AM

Red Shirt Blues: You have to be careful of which collectibles to purchase from the Franklin mint. That's why I chose mine carefully....keeping in mind no real American would consider buying below its original value.
[4.bp.blogspot.com image 425x459]


I'll bet this would hold its value better than that commemorative plate:

i.imgur.com
 
2012-04-29 09:07:29 AM

PsiChi: Speaking of results and performance, Drew, you might want to reconsider having American Apparel ads on your site. The guy in the jeans is not doing you any favors.


What guy in jeans? I'm getting two barely-legal girls in swimwear who alternate from time to time. Must be your cookies working.
 
2012-04-29 09:07:31 AM

Riche: Damn,
[i181.photobucket.com image 352x526]

The poor bastard is out his life savings and all this columnist can do is mock him.

I don't buy into that "never give a sucker an even break" crap.

I belileve the government has a responsibility in keeping businesses and individuals from taking advantage of the desperate and foolish.

Companies like The Franklin Mint must be forced to put up huge disclaimers stating YOU WILL LOSE YOUR MONEY in their ads if they in ANY way imply their crap is an "investment."


You sound like a Franklin Mint customer.
 
2012-04-29 09:08:42 AM

PsiChi: Speaking of results and performance, Drew, you might want to reconsider having American Apparel ads on your site. The guy in the jeans is not doing you any favors.


Fark has ad?

/Ad-blocker FTW
 
2012-04-29 09:10:57 AM

I'm That Guy: ouch!

My mother-in-law decided it as time to cash in on her 100+ collection of Mint condition Beanie Babies (with tags and tag protectors). Turns out that 99.9% of them are currently valued at less than a dollar. I did a lot of research before selling them (giving them away) at a garage sale to make sure that she didn't have a rare Jerry Garcia or a Spot without spots and now I know more about these worthless things than any grown man should. I advised her to hold on to her Princess Diana in glass case and the "Original 9" because someday they might be worth what she paid for them.


I'm old enough to have seen a few of these fads come and go, but Beanie Babies stick out. A college classmate told our professor "My (so and so beanbag thing, apparently something "rare") is worth $500!" Professor: SELL IT! Her: "No, I would never do that, I love (whatever the name of it was)..."
 
2012-04-29 09:10:57 AM
I remember on that show Valerie's Family back in the 80's when Jason Bateman's character needed to borrow some money from his friend, but his friend told him he spent all his money on some Star Wars commemorative plates.
 
2012-04-29 09:11:09 AM
www.asseenontvcenter.com
 
2012-04-29 09:12:41 AM
my favorite are the "gold" coins they hawk to unsuspecting old people - especially the "gold buffalo coin." if you watch the commercial, they pivot from talking about the original, which was actually gold, to the one you're buying which is "clad" in gold - meaning it has a micron or two of gold electroplated to its worthless surface. it's deceptive as hell, but if you think you're getting actual "pure gold" coin, you're fooling yourself.

see the bullshiat here.
 
2012-04-29 09:15:17 AM
Hmm, I resemble some of these remarks - though the stuff I buy/bought from these types of companies are for my own enjoyment ... not the expectation of future increases in value.

// I'm looking at you, tri-dimensional star trek set
/// I do occasionally buy sheets of uncut US star notes ... But thats a different issue. If they are ever worth less than face value I'm thinking that the value of my collection will be among the least of my worries
 
2012-04-29 09:16:55 AM
You know, former Rep. Anthony Weiner was part of a committee investigating one of these scam "gold" coin things (where it's gold-plated and not struck my the US Mint). I think the company was "goldline," and the hearings were hilarious with Weiner destroying the CEO with the companies own ads.
 
2012-04-29 09:17:11 AM
i kind of want a brace of those john wayne commemorative .45 cal revolvers, though...
 
2012-04-29 09:19:58 AM

StoPPeRmobile: [www.michaelarnoldart.com image 500x375]
lol


I used to work at a curio shop that sold these things. I always thought they were about as classy as a dixie cup toast during a frozen pizza dinner in a double-wide trailer.
 
2012-04-29 09:21:12 AM
I save any coin I find from before 1960, I needed a hobby. I probably have more than 1,000 bucks in face-value but I doubt I'll ever be retiring off of them. An early Jefferson nickel probably wouldn't go for much more than 25 or 30 cents unless it's an error coin.
 
2012-04-29 09:23:57 AM

leevis: I save any coin I find from before 1960, I needed a hobby. I probably have more than 1,000 bucks in face-value but I doubt I'll ever be retiring off of them. An early Jefferson nickel probably wouldn't go for much more than 25 or 30 cents unless it's an error coin.


It's wheat pennies for me. Some of those little farkers are worth 3 or 4 cents.
 
2012-04-29 09:25:02 AM
I remember a brief fad in the 90's was to collect original animation cels, primarily from Warner Brothers since they sold them in their studio stores. There were a few folk who thought they would go way up in value, but most people I knew who were buying did it because they loved the art. IIRC, most lost value pretty fast since they were usually not that old.

/Wouldn't have minded an original Pinky & The Brain
//Couldn't afford $500
///Collect only what you love
 
2012-04-29 09:29:48 AM
That stings.
 
2012-04-29 09:29:50 AM
 
2012-04-29 09:30:40 AM
He should have gone all-in on a sandwich-heavy portfolio.

www.pequepuzzle.com
 
2012-04-29 09:31:49 AM
We are all born ignorant, but one must work hard to remain stupid.
Benjamin Franklin
 
2012-04-29 09:32:23 AM
Somebody should write a book about Area Man. He's everywhere.
 
2012-04-29 09:34:58 AM
My wife inherited about 60 Hummel plates. The first thing I did was check E-bay were dozens were listed with no bids. She tried on and off for about a year to move them on e-bay, and craft show but we wound up giving them to a charity tag sale. I thing the set went for $12.
 
2012-04-29 09:36:00 AM
I know Ron Paul wants us back on the gold standard, but knowing this country, it'll more likely be the gold plated standard.
 
2012-04-29 09:36:44 AM
I have mint condition Jimmy Carter Inaugural coin from the Franklin Mint. I've seen these on Ebay for nearly $300 dollars. And as low as $12.95. Don't remember what I paid for it new.
 
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