The Freedom Tower

The son of a celebrated U.S. Senator, himself a former congressman from California, is still hawking the Freedom Tower Silver dollar.
Barry Goldwater Jr., son of the Arizona political senator is the spokesman for the National Collector’s Mint, the New York company forced to refund more than $2 million dollars to customers last year who bought its Sept. 11-related ‘’Freedom Tower Silver Dollar.'’
It wasn’t worth a dollar and the company got sued by the State of New York.
The company is now selling a new coin, the Fifth Anniversary World Trade Center Commemorative with a pop-up image of the World Trade Center. The coin sells for 29.95 but has been criticized for barely having trace amounts of the gold and silver ads suggest the coin contains. In fact, some analysts say the coin is worth less than a penny.
In a story which ran in the Arizona Republic today, Goldwater defended the company, saying the coin it sells complies with the law.
“I watch them pretty closely, and they’ve made restitutions or are making restitutions,” the 68-year-old former California congressman said. He said the company gives portions of its proceeds to Sept. 11 charities. “I followed (the 2005 case), and the people involved are very good people, and they’re solid citizens who are out there working hard to make a living and provide a product and a service.”
The newspaper said the medallion is advertised as having 15 milligrams of 24-karat gold and being 0.999 pure silver. “Based on Wednesday’s closing market price, the amount of gold in them is worth 33 cents and the silver is worth one-sixth of a cent.”