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TLS5933
Pillar Of The Community
USA
1698 Posts |
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How can I help support Coin Community?
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laxmaster92
Member
USA
1154 Posts |
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crystalk64
Pillar Of The Community
USA
3147 Posts |
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Susanlynn9
Forum Mom
USA
5533 Posts |
 Posted 04/21/2006 9:10 pm
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I agree with Terry wholeheartedly. Coins sold on HSN and other cable shows are overpriced and overhyped. The best thing you can do for yourself is educate yourself before you buy anything. There are many resources available in books and on the internet. If there is a particular series or type that you are interested in collecting, buy a book about it. Learn the grading points so that you're comfortable with your own grading skill. Ask lots of questions. The more educated you are, the better your purchases will be. 
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djluster
Pillar Of The Community
USA
1327 Posts |
Posted 04/22/2006 12:30 am
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I agree with both terry and susan. these show are very high prices. HSN is not as high as Coin vault though. I do what them most time I see that they are on though. Only becuse I like coins and enjoy looking at what they have to offer. I never have any intent to buy jus tlike to watch. If you do not have a coin shop near you your best bet is ebay. But before you just go looking around make sure to look at the Members ebay page on the side of the forum also look under directory on the side there is a little list of dealer there that have good prices. Make sure to be careful with ebay not to get taken and get some bad coins and make sure you know what you are getting.
Also go to the contest page and try to guess the coin and you could win a 2007 redbook. one of the must have books for collectors
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Edited by djluster - 04/22/2006 12:32 am |
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TLS5933
Pillar Of The Community
USA
1698 Posts |
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ChristinaM
Pillar Of The Community
USA
547 Posts |
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dgoose50
Valued Member
USA
79 Posts |
Posted 04/24/2006 10:33 pm
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Watch for Franklin half dollars to start showing up on TV coin land.they will be slabbed and graded by ngc or pcgs,due to the popularity of the new Ben FRanklin dollar. There will also be Franklin medals by private mints for sale at as much as the real thing.
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scoutjim99
Pillar Of The Community
USA
4589 Posts |
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Morgan Fred
Moderator
USA
2684 Posts |
Posted 04/25/2006 12:03 am
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Agreeing with all above and adding a little. HSN, QVC, Coin Vault, and the other programs/networks which offer coins (and a lot of other trash) target the same market as eBay con artists: the naive, innocent, unknowledgeable, gullible, elderly, senile (like my mother) and various combinations of the preceding adjectives. There are far too many people out there that believe everything they read (e.g., the plague of email hoaxes), receive in the mail, and see on TV. Until and unless truth in advertising laws are passed and enforced and perhaps a few fraudsters are lined up against the wall, Barnum's Theorum will be proven hundreds of thousands times per day.
Pardon my bitterness; my mother spent tens of thousands of dollars on fraudulent items, fraud schemes, and telemarketing sales before my father realized what was going on and shut her down. Only after our father died and my siblings and I placed our mother in an Alzheimer's home and went through her paperwork did we realize the extent to which she had been victimized. We found paid "bills" for "services rendered" for $10 to $100 with no explanation beyond a due date and a return envelope to some fictitious company in South Podunk. Telemarketers found in her a treasure trove of gullibility for which she received junk or nothing. Certain lynch laws need to be revived </rant>.
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TLS5933
Pillar Of The Community
USA
1698 Posts |
Posted 04/25/2006 07:16 am
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quote:
Originally posted by Morgan Fred
Agreeing with all above and adding a little. HSN, QVC, Coin Vault, and the other programs/networks which offer coins (and a lot of other trash) target the same market as eBay con artists: the naive, innocent, unknowledgeable, gullible, elderly, senile (like my mother) and various combinations of the preceding adjectives. There are far too many people out there that believe everything they read (e.g., the plague of email hoaxes), receive in the mail, and see on TV. Until and unless truth in advertising laws are passed and enforced and perhaps a few fraudsters are lined up against the wall, Barnum's Theorum will be proven hundreds of thousands times per day.
Pardon my bitterness; my mother spent tens of thousands of dollars on fraudulent items, fraud schemes, and telemarketing sales before my father realized what was going on and shut her down. Only after our father died and my siblings and I placed our mother in an Alzheimer's home and went through her paperwork did we realize the extent to which she had been victimized. We found paid "bills" for "services rendered" for $10 to $100 with no explanation beyond a due date and a return envelope to some fictitious company in South Podunk. Telemarketers found in her a treasure trove of gullibility for which she received junk or nothing. Certain lynch laws need to be revived </rant>.
Very true and sad also. Whats suprising is to watch how fast there (HSN) coins go as they do usually sell out. I guess what gets a lot of people is the fact that corporations like HSN,QVC do sell a lot of good things also, so people start to blindly trust them to sell at a reasonal & fair market price.Unfortunatly with coins that seems not to be the case. After doing some evaluating of the coins they do sell, they seem to be marked up at almost exactly 50% of true value every time.
Sorry about you Mom, I hate to see bottom feeders take advantage of our seniors.
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Those who would give up essential liberty to purchase a little temporary safety,deserve neither Liberty or Safety.
-Ben Franklin |
Edited by TLS5933 - 04/25/2006 07:18 am |
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Susanlynn9
Forum Mom
USA
5533 Posts |
Posted 04/25/2006 09:09 am
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quote:
Originally posted by TLS5933
Very true and sad also. Whats suprising is to watch how fast there (HSN) coins go as they do usually sell out. I guess what gets a lot of people is the fact that corporations like HSN,QVC do sell a lot of good things also, so people start to blindly trust them to sell at a reasonal & fair market price.Unfortunatly with coins that seems not to be the case. After doing some evaluating of the coins they do sell, they seem to be marked up at almost exactly 50% of true value every time.
Sorry about you Mom, I hate to see bottom feeders take advantage of our seniors.
No apology is necessary. Sharing this experience on a forum such as this one makes others aware. This is the purpose of Coin Community - to help educate collectors. It always helps to share your experiences and it may prevent someone else from getting burned.
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thekidcollector
Forum Kid
Kuwait
1516 Posts |
Posted 04/25/2006 09:17 am
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I'm new on this HSn thing, is it a channel wheree they advertise coins?
I only understand the TV bit, Can anyone fill me in on how overpriced...
thanks!
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Susanlynn9
Forum Mom
USA
5533 Posts |
Posted 04/25/2006 09:56 am
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HSN stands for Home Shopping Network. It is a cable station here in the United States that sells item on TV. Unfortunately, they also sell coins.
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texasmick
Pillar Of The Community
USA
696 Posts |
Posted 04/27/2006 12:55 pm
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I was watching Coin Vault recently when they were selling proof sets, I think it was 1965-2005. They claimed it was a "loss leader" for them at $1250 and it was the last chance to get them at that price (currently $1400 on their web site).
I added the prices from the new red book and got roughly $1000. That seems to me a reasonable premium to pay for the service of shopping thru one's tv (I suspect many will disagree). However, it got much worse when I started to compare their prices on Morgans to red book values.
Also, when speaking of "melt value", they seemed to imply that a silver dollar contains an ounce of silver. They seem to be good enough at math to multiply the price of silver by 3/4 (or 7/9). Or is it me who is missing something?
Peace
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djluster
Pillar Of The Community
USA
1327 Posts |
Posted 04/27/2006 2:08 pm
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texasmick, In the current isue of Coin world there is a ad By Coast coins. they have the 1968-s to 2005-s proof set for sell you can get all 38 sets from them for 719.00 which is alot less then the coin vault. so if you are looking at getting these your best bet is there
www.coastcoin.com so theya re way over price I don't beleave the other 3 dates are 500 dollars. I also feel that coast price is a little high I know my local dealer sells me all of the sets that I have had to buy alot lower then coast prices
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but I learned real quick after that. I have added the e-bay dealers listed on susans page,to my favorites and have ordered a coin value book also. I was just wondering if HSN ever had a value or is always over priced. Thanks for the info guys.
