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Coin Vault Rant Again...

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Pillar of the Community
United States
2269 Posts
 Posted 03/24/2007  11:50 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list
quote:
I watch them just for the knowledge on the different type of coins.


Half of the stuff they say is complete nonsense. Don't believe what they say.
Valued Member
United States
112 Posts
 Posted 03/25/2007  08:33 am  Show Profile   Bookmark this reply Add gonefishin to your friends list
Its interesting to see the new coins and the so called "hoards" they come up with. I agree everything I have seen on that show is two to three times more expensive than it should be. I'm not really sure how those guys can sleep at night. Although the "shouting" guy is pretty entertaining at times.....
Pillar of the Community
United States
1247 Posts
 Posted 03/25/2007  08:51 am  Show Profile   Bookmark this reply Add longnine009 to your friends list
The sooner new coin collectors realize *there are no short cuts* the better off they'll be.
Pillar of the Community
United States
819 Posts
 Posted 03/25/2007  09:15 am  Show Profile   Bookmark this reply Add basicbob101 to your friends list
I have been very tempted to buy some of the "deals" that I have seen on TV in regards to Morgan dollars; after all a guy who can open a BU roll and grade the first coin as MS64 or better within 5 seconds is much better than I, or more full of male bovine excrement than I. Even with a "30 day money back guarantee" you loose because it would take longer than that to get it graded, then there would be a situation as how do you prove that is the coin you received from the TV place?

I did bite one time, bought some Ike dollars in BU and Proof, got the Bicentennial proof sets which was not what was promoted, got permission to return them and my credit card was promptly credited back with the correct refund, but never again!

Has anyone ever bought something that was considered "a good deal?" (especially the BU Morgan offers they have).

PS. I the show is on as I like to see what is going on and my wife walks into the room she immediately says, "You've got to get those people off there!" (especailly when there is a man and woman on the show yelling and screaming about value)

Pillar of the Community
United States
2254 Posts
 Posted 03/25/2007  09:32 am  Show Profile   Bookmark this reply Add tights24 to your friends list
I was watching it this morning as well. It is entertainment. But it still really burns me up at times when I hear some of the comments that are made. They will get theirs in the end. I hope.
New Member
United States
48 Posts
 Posted 03/25/2007  10:09 am  Show Profile   Bookmark this reply Add Steve to your friends list
My Mother-in-law got into the same kind of deal as Coin Vault, only she was receiving a monthly subscription of Presidential Silver Double Eagles. When she passed and we were dealing with her Estate we found these. I took one to find out what exactly it was and it is clad with a thin silver overlay. We found probably 30 or more of these. They look good, but really aren't worth anything. I can't help but wonder how much of her SS check they actually got from her. It's a shame!
Valued Member
United States
62 Posts
 Posted 03/25/2007  1:00 pm  Show Profile   Bookmark this reply Add Greg to your friends list
I'm glad I found this site,I bought some coins from them last week,but that will be my last purch ASE
Pillar of the Community
United States
4870 Posts
 Posted 03/25/2007  1:14 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
I see today they were selling 20 BU Morgan dollars for just under $1000.
Valued Member
United States
335 Posts
 Posted 03/25/2007  7:58 pm  Show Profile   Bookmark this reply Add sandpaper to your friends list
Except they might be EF, like my four. I fell for the "biggest selling item" ploy. Their customer service kid couldnt care less. A lack of prepaid return postage and instructions is what had me keeping them. Was told I had to write another address for instructions on the postage.
Valued Member
United States
455 Posts
 Posted 03/25/2007  8:59 pm  Show Profile   Bookmark this reply Add TSmith3510 to your friends list
Talk of all these innocent folks getting ripped off, it makes me wonder if maybe these dealers should be regulated by some sort of a watchdog group. I guess doing so would raise another whole host of problems though.
Pillar of the Community
United States
834 Posts
 Posted 03/25/2007  10:24 pm  Show Profile   Bookmark this reply Add BRUCE 1947 to your friends list
Sorry to say that's free enterprise for you.

Bruce
Pillar of the Community
United States
4870 Posts
 Posted 03/26/2007  6:37 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
Pillar of the Community
United States
819 Posts
 Posted 03/27/2007  07:47 am  Show Profile   Bookmark this reply Add basicbob101 to your friends list
One of the oldest tricks in sales is to start with a very high price and then make a "deal"...the coin shows I have seen on TV are great at this, they try to establish a very high price and then "on the spur of the moment" (after punching some numbers into a calculator)they come up with a "deal" price and a few minutes later one of the show persons will "undercut" the deal to make it even better! Sometimes its like they appeared to be blindsided by the other on the price and complain that it's just "crazy"...I don't believe for a minute that the entire scenario was preplanned to the Nth degree..but people buy it.
Pillar of the Community
Australia
655 Posts
 Posted 03/27/2007  11:02 pm  Show Profile   Bookmark this reply Add Learjet to your friends list
Sounds like a great show. They sound as bad as ebay sharks.

Mmm, I wonder if TVSN or Expo have coins on Foxtel?
Valued Member
United States
390 Posts
 Posted 03/29/2007  01:25 am  Show Profile   Bookmark this reply Add Guido to your friends list
It amazes me how they continue to get away with overcharging people. I checked out their website and they have a 1924 St Gauden in MS65 selling for $2,199. That same coin is shown at $1,625 on the PCGS page and sells for about $1,200 on ebay. That is quite a markup! But so long a people continue to buy their stuff, they will stay on the air. It's all about marketing. If you market things the right way (right meaning effective, not ethical), they will sell, no matter how much you charge.
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