National Collector's Mint's website claims designs of the Twin Towers and U.S.S. New York on the coins are made from "pure silver actually recovered from the vaults beneath the ashes of Ground Zero." It says the coins are government sanctioned and "minted under an exclusive license authorizing the official striking of the official Justice Department FBI insignia."
Schumer further criticized the company for diverting funds from official September 11 commemorative coins that Congress sanctioned last year to benefit The National September 11 Memorial & Museum under construction at Ground Zero.
National Collector's Mint President Avram Freedberg issued a statement defending his company's coins and adding that the company had donated more than $2 million from these commemorative sales to a handful of September 11 charities.
"We believe that in America anyone has the right to sell commemoratives," he said. "The purpose of coins, medallions, ingots, etc., is often specifically to remember happy events or tragedies."
The Better Business Bureau has given the company its lowest rating of F, with close to 100 consumer complaints about the company filed in the past three years.