FTC: Seller of bogus 9/11 coins to pay $750,000

NEW YORK (AP) - A company that sold Sept. 11 commemorative coins supposedly containing silver from ground zero has agreed to pay $750,000 to settle charges that it deceived consumers.

The Federal Trade Commission says Port Chester, N.Y.-based National Collector's Mint charged customers for items they never ordered and failed to identify its wares as imitations.

A law passed in 2010 created an official Sept. 11 medal to benefit the museum being built at the World Trade Center site.

New York Sen. Charles Schumer and Rep. Jerrold Nadler complained the National Collector's Mint's coins could deprive the museum of funds.

The FTC said in a release Thursday the agreement bars National Mint from misrepresenting its products.

Schumer said Saturday that the nation will not tolerate a "despicable scam."

The company's attorney didn't immediately return a phone message Saturday.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Growing Strong
    Seattle marijuana farmers are busy preparing their first crop for retail sales

  • Not the End
    Officials have another trick up their sleeves to help save King County's bus service

  • Go Sherm!
    Richard Sherman recognized along with Beyonce, Jeff Bezos and the Pope
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.