MIAMI — To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold.
Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other specialty coins labeled “first strikes” because they are billed as among the first of that year’s batch produced by the U.S. Mint.
But some collectors say the label is misleading and that the coins aren’t special at all. Now, a Miami attorney has filed class-action federal lawsuits on behalf of potentially thousands of collectors claiming that the “first strike” designation is unfair and deceptive. More than $10 million in damages could be at stake.
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