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 Replies: 38 / Views: 6,545 |
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Pillar of the Community
United States
4471 Posts |
Here is the deal below: The Complete Choice Uncirculated Morgan silver dollar Mint Collection Exceptional coins from all five issuing mints... The Morgan silver dollar, first minted in 1878 and struck in 90% pure silver, is one of America's most sought-after coins. It was struck at five different branches of the U.S. Mint: Philadelphia, San Francisco, Denver, New Orleans and Carson City. This spectacular collection brings together coins from all five issuing mints, in matching choice uncirculated MS64 condition - one of the highest grades possible. Included are:  Coins certified by Numismatic Guaranty Corporation (NGC), one of the most prestigious and trusted coin-grading companies. A coin from the New Orleans Mint, closed for over a century. A rarely seen variety struck at the legendary Carson City Mint. The one-year-only 1921 coin struck at the Denver Mint. Plus a Display Chest and Collector's Guide, yours at no extra charge. $239 +$7 shipping & service, per coin Each shipment is payable in 3 monthly installments of $82 |
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Moderator
 United States
54283 Posts |
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Pillar of the Community
United States
8715 Posts |
Quote:
$239 +$7 shipping & service, per coin The word "per coin" is the key. That's a HORRIBLE deal. Run, don't walk, away from this deal. |
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Valued Member
 United States
56 Posts |
Hmm, now I'm thinking is SIlverDollar2017 right? Is it $239 PER COIN? I thought it was $240 plus a shipping & handling fee of $7 per coin. If so then that answers my question of "what's the catch"? Tricky wording shows that it's a crappy deal. If that's for all 5 coins (which was my initial impression) then it's a great deal as all 5 coins are guaranteed to be graded by NGC to be MS-64, so why would I return one unless I thought it graded lower, and I wouldn't likely 2nd guess an NGC grade. As far as posting a link to it there is no link, I got the offer in the mail. The deal is what Slider23 posted. Thanks SilverDollar2017 for finding the "gotcha". Caveat Emptor.
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Pillar of the Community
United States
1882 Posts |
D-train, on the page that shows all the programs they offer (before clicking in to see the details), it clearly says $246 per coin.
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Moderator
United States
54283 Posts |
$239 +$7 = $246 $246 / 3 = $82  Seems pretty clear that one coin is a "shipment". |
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Bedrock of the Community
United States
20753 Posts |
Almost sounds like that TV show called coin vault. I'd pass if I were you.
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Bedrock of the Community
United States
12057 Posts |
Typical sleazy seller tactics which depend on people not reading the advertisement in order to succeed. These sort of adverts are often targeted at novice collectors and the elderly, usually through magazine ads, shopping channels and even direct mail.
It should be noted that MS-64 is a technical grade; there are really ugly MS-64 coins and really pretty ones. I could pick out five of the ugliest, most overgraded MS-64's I could find and send them to you, and technically, I'd have fulfilled my promise as a seller.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
240 Posts |
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.
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Pillar of the Community
United States
4233 Posts |
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.
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Valued Member
United States
56 Posts |
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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Pillar of the Community
United States
8715 Posts |
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. |
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Valued Member
United States
56 Posts |
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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Pillar of the Community
United States
8715 Posts |
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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Pillar of the Community
United States
1882 Posts |
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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. :) |
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Replies: 38 / Views: 6,545 |
First Page
Posted 05/05/2018 9:17 pm
