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Pillar Of The Community
3147 Posts |
I witnessed a woman, just this weekend, bringing in a set of Morgan dollars (35 coins) to my dealer in an attempt to sell. She said her husband had bought them through the National Mint (she believed) and said they knew they were going to take a loss on them but they were from some RARE national hoard so they felt very fortunate to get them. Most were dated 1921 P, D, and S. They had paid very very dearly for those rare coins and they still own them as my dealer and the antique dealer in the same building couldn't or wouldn't touch them. They couldn't begin to match the price being requested by the lady even if it was a small loss? Felt for her and her husband but know KNOWLEDGE is the KEY to purchasing coins just as it is anything else in the world! ND it is very very nice to know there are people left in the world with a conscience! At times it seems there are not many of us left! People NEED to understand the world of radio, TV and Movies is NOT real. Its all make believe and the media can dramatize even the smallest of events in any direction they choose! I call it the DUMBING of AMERICA when I see folks get hooked on some of the dumbest products because someone (TV and RADIO) have told them EVERYONE will be doing this or have one! Don't ever tell me that MASS hypnosis is not possible as I have seen the results every day for years and years. |
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Valued Member
United States
440 Posts |
Yes they really GIVE BOTH COLLECTORS AND DEALERS A BAD NAME AND REPUTATION. here is the link to some steals..err deals. Have a look and if your prone to dizzyness or neausea pleaase take precautions. the sites you are about to see are very disturbing.  Link |
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Forum Mom
 United States
5877 Posts |
quote:
Originally posted by grovey
Yes they really GIVE BOTH COLLECTORS AND DEALERS A BAD NAME AND REPUTATION.
here is the link to some steals..err deals. Have a look and if your prone to dizzyness or neausea pleaase take precautions. the sites you are about to see are very disturbing.
Link
I could only get as far as one listing - an 1878 Morgan dollar certified by NGC VF20 for $3,299. This better be the price for a whole bag of these...  |
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Valued Member
United States
363 Posts |
I saw a little bit of that last night too. Ha ha! Did you notice the announcer talking about how incredibly rare the set of proof sets was, then a few sentences later talking about how they had bought so many to sell that they could fill a semi tractor trailer with them?! I humbly suggest that if a semi tractor trailer were to be filled with tiny proof set boxes, that would seem to indicate an abundance...Now, even a non collector should say, "run that by me again?!"
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Valued Member
United States
440 Posts |
Please see my thread entitled susan and the 1878 Morgan...
Just want everyone to be informed how rotten this is !!
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Valued Member
United States
106 Posts |
thanks
are ALL shop at home TV shows bad? or just coin vault?
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Forum Mom
United States
5877 Posts |
All of the shows I've seen here on the east coast are not good deals in my opinion. I'm sure Mike will be posting here. There is a show that he gets out in Indiana that I haven't seen. From what he's told me, their deals are very fair and they have awesome customer service.  |
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Valued Member
United States
421 Posts |
quote:
Originally posted by Susanlynn9
I could only get as far as one listing - an 1878 Morgan dollar certified by NGC VF20 for $3,299. This better be the price for a whole bag of these...
Even for S@H, I have to think that is a typo or something. The pic doesn't match the decription and the price is way out of line for the (what I think are high) mark ups on their other stuff. |
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Forum Mom
United States
5877 Posts |
quote:
Originally posted by Stujoe
quote:
Originally posted by Susanlynn9
I could only get as far as one listing - an 1878 Morgan dollar certified by NGC VF20 for $3,299. This better be the price for a whole bag of these...
Even for S@H, I have to think that is a typo or something. The pic doesn't match the decription and the price is way out of line for the (what I think are high) mark ups on their other stuff.
I would have been more encouraged if they didn't state it as an 1878 Morgan NGC VF20 in MULTIPLE places. It wasn't even just in the title portion. |
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Rest in Peace
United States
2684 Posts |
I think the people who shop on these sites and buy these coins
live on a different plane of existence than do we in the real
world. We've all seen the type - little old ladies/men (or act like them) who
are blithely ignorant of the world around them:
people behind them in the grocery line, drive down the interstate
at 45 mph, think Nixon is still President. They think they are getting a
bargain with these coins and will continue to
do so as long as they possess the coins and even as they sell
their coins to someone else within the same space-time continuum
or give them to their children or grandchildren.
They may never make contact with the real world until they attempt
to sell their coins, usually at the point when they are broke or
someone dies; or they and their offspring may stay in this
fantasy world for generations as long as they have no contact
with the real collectors' world.
The sellers, on the other hand, live in the real world and know
exactly what the coins are really worth. However, they have no soul
and feel no remorse about selling coins with prices so highly
inflated. They know there is little chance they will ever need to
account for their actions, either personally nor in court.
I suspect this practice has been around for six or eight
thousand years or so and will be around for at least another ten K.
[This thread needs to be re-wrapped.]
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Forum Mom
United States
5877 Posts |
All fixed.  |
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Rest in Peace
United States
2884 Posts |
Hi Folks, the show is called "Coin Country" and it broadcasts on Tuesday and Thursday nights . You can call in and negotiate prices live. They are by no means "cheap" but are much cheaper than Coin Vault and a lot more fun to watch. They sell a very large variety of coins. They have a website https://www.coincountry.com that lists a lot of their stuff. I still think you can do better on ebay or Heritage, but once in while they run some reasonable specials. They are on coast to coast. Mike They have the No Motto Saints on their site for $700.00 but regularly take offers for $630.00 or so live, or a few dollars less if you buy 3 or more. Edited by Mike
10/09/2005 9:13 pm
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Susanlynn9
All fixed.
That was FAST!  Thanks, Susan!  Fred |
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Pillar of the Community
 United States
2724 Posts |
quote:
Originally posted by GoldCoinLover
are ALL shop at home TV shows bad?
Personally I cannot say that they are "BAD", just very overpriced, and borderline "lying". They bring in a great deal of collectors to the hobby, but most leave once they find out that they have paid 2-3-4 times retail for their coins. They also make dealers look very bad. Here in Delaware, QVC is a major player. When these "hyped" coins are going up in price tomorrow on TV, I get flooded with calls and emails. It breaks my heart when I here someone paid $1999.99 for a run of Mint and Proof sets that I would have happily sold them at a grand. Silver Eagles that they paid $19.99 for. Of course most of the time I am called names and even threatened. However, in the end, it is our (dealers) fault for not targeting this group with REAL offers. We (dealers) sit back in our shops and offices and allow the general public to believe that Buffalo nickels are rare, that Wheat Cents are rare, that Silver Eagles are rare, that Morgan dollars and rare, and we do nothing. Ever heard the saying, "And the truth shall set you free"? Well if no one is willing to go out and share the truth we will all suffer because of it. |
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Rest in Peace
United States
954 Posts |
In the world of advertising they call what the Coin Vault is using the half "truth technique". It encompasses the use of all positives and no netural or negative comments. The object is to find facts and strech them to to fit the sale. It sound like deceptive marketing but really isn't.
Their prices are high because of the cost of the Television time and marketing costs. Also their profit margins have to be as high as it would be for any other business.
This makes everything seem off the page. It is to us that know the market. But you find this everywhere in advertising. One of the most recent developments is the T.V. ads that off to give you the item free if you pay the shipping. Generally all the company is doing is selling you a second unit at a reduced price. (Probably what it's really worth.)
catman
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Replies: 16 / Views: 5,570 |
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Posted 10/09/2005 10:11 am
