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How Bad Is This Deal?

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Valued Member
240 Posts
 Posted 05/08/2018  07:12 am  Show Profile   Bookmark this reply Add jmwilson to your friends list
There was never any trickery ... the deal was crystal clear. The original poster read what he/she wanted to read... a great deal. When in reality it is a terrible deal.

Geesh... this doesn't even qualify as fine print.
Pillar of the Community
United States
4233 Posts
 Posted 05/08/2018  10:22 am  Show Profile   Bookmark this reply Add kbbpll to your friends list
Well, you do get a free Collector's Guide.

I'm scrolling through PCGS price guide, guessing which coins you're going to get. So, 1921P ($67), 1921D ($120), 1904O or 1885O ($82), 1879S or 1882S ($82), and 1883CC or 1884CC ($245)? $596 worth of trend price coins for $1230. Such a deal. Maybe they cancel before shipping the CC though.
Valued Member
United States
56 Posts
 Posted 05/09/2018  11:46 am  Show Profile   Bookmark this reply Add D-Train to your friends list
OK OK guys, you can stop beating me on the head now. It seems simple if you ONLY read that one line, but I guess they distract you with the flashy brochure and hyping up all of the other information that gets you excited hoping you misunderstand what the deal is. It seems that worked with me. Since it seemed like the deal was too good to be true I posted the deal here asking "what am I missing?", and after many responses I finally got the correct answer.

I guess they figure I'm a sucker that will buy anything since I bought some of those 1964 Morgans for $10 each from a different company (National Collectors Mint). I knew they weren't real but figured I could buy 5 of them, keep one as an interesting novelty, then sell 4 of them for a profit, which is exactly what I did. I paid $75 for 5 of them ($10 each plus $5 each for shipping), then sold 4 of them for $150 on ebay and kept the nicest one. Sometimes a bad deal can be turned into a great deal. LOL!
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United States
8715 Posts
 Posted 05/09/2018  11:50 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
If you would like a mintmark set of MS-64 Morgan dollars, cherrypick PCGS or NGC examples on ebay. Don't just buy any coin; instead, buy examples that are exceptional for the grade that might have a chance at MS-65. Or get examples that have excellent toning or are CAC certified. Remember, buy the coin, not the holder.


Quote:
I guess they figure I'm a sucker that will buy anything since I bought some of those 1964 Morgans for $10 each from a different company (National Collectors Mint). I knew they weren't real but figured I could buy 5 of them, keep one as an interesting novelty, then sell 4 of them for a profit, which is exactly what I did. I paid $75 for 5 of them ($10 each plus $5 each for shipping), then sold 4 of them for $150 on ebay and kept the nicest one. Sometimes a bad deal can be turned into a great deal. LOL!


Yes, the Carr reproductions.
Valued Member
United States
56 Posts
 Posted 05/09/2018  11:59 am  Show Profile   Bookmark this reply Add D-Train to your friends list
BTW, someone posted that PCS can also cancel the deal at any time. I just looked over the brochure very carefully and there is NOTHING that states that. Maybe it says this on the website, I don't know as I've never visited it. I'm just going by what they sent me in the mail.
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 Posted 05/09/2018  12:01 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
IMO purchasing examples that you are able to pick is always better than the "random coin" offers. You are able to "hand-pick" examples that are on the higher end of their grade.
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United States
1882 Posts
 Posted 05/09/2018  1:46 pm  Show Profile   Bookmark this reply Add steve199 to your friends list

Quote:
BTW, someone posted that PCS can also cancel the deal at any time. I just looked over the brochure very carefully and there is NOTHING that states that. Maybe it says this on the website, I don't know as I've never visited it. I'm just going by what they sent me in the mail.


Even if they legally have the right to do so, that isn't a deal they'd want to cancel. :)
Valued Member
United States
56 Posts
 Posted 05/09/2018  1:49 pm  Show Profile   Bookmark this reply Add D-Train to your friends list
"Even if they legally have the right to do so, that isn't a deal they'd want to cancel. :)"

Agreed! LOL
Pillar of the Community
United States
4233 Posts
 Posted 05/09/2018  2:09 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list
Here is the link to the deal on their website. https://www.pcscoins.com/prod/3A1/M...t-Collection
Also note that "Price is subject to possible adjustment due to unusual market conditions". The same language is present on all their offers though.
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United States
54283 Posts
 Posted 05/09/2018  2:13 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list

Quote:
"Price is subject to possible adjustment due to unusual market conditions"


This means, that if for some reason, they can't procure the later more expensive coins in the series for the price they anticipated paying, then they can RAISE THE PRICE.
Valued Member
United States
56 Posts
 Posted 05/09/2018  3:26 pm  Show Profile   Bookmark this reply Add D-Train to your friends list
What a deal! Where do I sign? NOT!

They also offer all 3 years of the CC Mint Morgans for only about $1400. They are slabbed! Of course they can slab a VF coin, there is no guarantee of the grade of the coins you get, so you may get 3 "G" coins for your $1400. What a great deal. NOT!
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 Posted 05/09/2018  5:39 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Here's the answer to the question "Where do all the coins that DON'T CAC go to?"
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Valued Member
United States
56 Posts
 Posted 05/09/2018  5:41 pm  Show Profile   Bookmark this reply Add D-Train to your friends list
What does CAC stand for?
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Pillar of the Community
United States
593 Posts
 Posted 05/21/2018  2:53 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list
I started in coin collecting when I found a Littleton coin add on a matchbook in the 1950`s and my 1st buy was a 37D 3 leg Buffalo with full horn for $37 next a xf 31s cent, then each month 3cent nickle, 3cent silver and more til I couldn't afford any more. $37 was a lot of $$$ for a kid with a paper route for cash. But then all silver was face. The coins were nicely graded
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