I don't see where they claim it is 2 oz but send you Peace dollars. All the offers I see on the site say silver dollars and show corresponding photos of silver dollars.
???
The photo I posted in the op shows a coin that was minted in 1921. I think we can agree on that. So the next question is: Which coins ("silver dollars") were minted in that year?
According to my research there were two types of coins minted in 1921:
http://en.wikipedia.org/wiki/Dollar_coin_(United_States)
1. The Morgan Dollar (1878–1904; 1921), looking like this:
2. The Peace Dollar (1921–1935; 1964), looking like this:
I think it's very clear that the coins in the Midas banner are peace dollars.
Funny thing is that 1921 peace dollars are pretty rare, because minting really got going in 1922. 1921 peace dollars are selling for 4 times their metal value, 1922 and the following years are selling basicly at metal value:
http://coins.about.com/library/US-coin-values/bl-US0100-Peace-Dollar-Values.htm
That's why I think he wouldn't even sell 1921 peace dollars, but probably other years. That in itself would be false advertising.
Besides that, it wouldn't matter in terms of metal content whether it's a 1921 Morgan Dollar or a 1921 Peace Dollar, both contain the same amount of silver:
http://en.wikipedia.org/wiki/Morgan_Dollar
http://en.wikipedia.org/wiki/Peace_Dollar
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Which brings me too your other question, is Midas claiming to sell two oz? They don't do it on their website. I grant you that. BUT, watch the following video of Ted Anderson on the Alex Jones show on October 4th promoting the offer from the op, I'm transscripting the relevant pieces for you:
9:00, telemarketing starts.
9:30, AJ "pitch doesn't really support the network" - lie Ted Anderson owns the GCN network.
9:40, $72 offer promotion starts, AJ "
Ted bought them when they were lower, so he can do that now"
10:05, AJ "two silver dollars"
10:32, AJ "[Ted], you sold out of most of the gold/silver you bought months ago..., I know that's how you pass on these savings to people"
10:48, AJ "super radio specials"
11:00, Ted Anderson "You can't buy 2 silver dollars for $72 anymore" Of course you can.
11:08, TA "Price of silver has gone up to $35/oz, so they're not available."
That's a clear suggestion to potential buyers that he is talking about coins that contain one oz of pure silver. That clearly false advertising.
12:15, AJ "Ted, I know you sold thousands of them over the few weeks, two silver dollars for $72, you can't even buy those in the market, with two free films and a book, ... I feel so good promoting that
13:00, TA "With silver soon at $40
an ounce, I'm simply not going to be able to to sell two silver dollars, give away all these other goodies, for $72 delivered
when the shipping alone is $6.5 . But it does educate the people.
It's a great way to get new people started with precious metals ...
at $40/oz silver, I'm not going to be able to to sell two silver dollars ... I would be broke, I would be out of business."
That's another clear suggestion to potential buyers that he is talking about coins that contain one oz of pure silver.
Additionally, he specifically adresses pm newbies, because they don't know the details. That's false advertising and I think it's quite disgusting.
15:50, AJ "800...,
the brokers there are great guys, and ladies, they can answer all your questions ... you're getting the deals I get"
And the whole piece finishes with
AJ specifically talking to the target demographic, well-meaning but naive grandmas. That's really the icing on the cake.