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 Replies: 20 / Views: 3,053 |
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Pillar of the Community
United States
3343 Posts |
It's the packaging that does it for me. Coin-in-a-coffin.
Target audience appears to be senior citizens who've spent the inheritance on cruises and now feel guilty. Gotta leave some treasure for the kiddies along with the IOU's.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
09/26/2014 10:07 am
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Pillar of the Community
United States
1158 Posts |
Edited by tkbslc
09/26/2014 2:25 pm
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Pillar of the Community
United States
1158 Posts |
In bold: Quote:
A once-in-a-lifetime coin collecting opportunity, full of historical significance and potential value  I'm going to lose my lunch. |
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Pillar of the Community
United States
937 Posts |
It is just marketing to the unwise. A staple of business here in the wide world. Have you ever seen the 1 oz copper rounds dealers sell for $2? Well at the recycler they would be bought as #1 copper, my local recycler is paying $2.58 per lb for #1 today. So 1 oz of copper is 16 cents. Only a what? 12.5 times the actual value. Yet dealers sell these things as fast as they can get them.
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Pillar of the Community
United States
1158 Posts |
If you are buying a huge pile of copper as a bullion investment at $2/oz, then I agree. However, for 1 or 2 coins of each copper round design as a low cost collectible, then a $2 premium for stamping and distribution seems reasonable and fair. That's the same kind of premium they put on silver and I doubt it's any cheaper to mint or stock copper coins.
I don't think that is the same as selling a $70 coin for $300 and pretending it's buried treasure you'll never see again.
Edited by tkbslc
09/26/2014 2:46 pm
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Pillar of the Community
United States
937 Posts |
well, tkbslc, it is not illeagal to sell a coin for 4.3 times its price list value any more than it is illeagal to sell 16 cents of copper for $2.00. There is nothing to be done about it except don't spend your money on it. It is all marketing. In my eye only a fool spends money on something as an 'investment' when they have no knowledge of what they are buying. P.T Barnum has yet to be proved wrong.
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Pillar of the Community
United States
3755 Posts |
Yeah, there are no lies there and they do give the grade of the coin you will get. If you are dumb enough to drop 300 on a coin and not research...
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Pillar of the Community
United States
1158 Posts |
That's the same rationale the sellers use to justify it to themselves. Doesn't make it any less despicable. I for one don't like blaming victims. No they don't deserve to be taken to the cleaners just because they assume a store would not be so misleading in it's marketing.
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Pillar of the Community
United States
937 Posts |
Okay, so we should stop all the firms that are marketing their products at a price much higher than their market value. Well where do we start? Maybe with the United States Mint. They have been putting questionable quality items in slick packaging with ridiculous little COA's and selling them at higher than the market value for decades.
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Bedrock of the Community
United States
20753 Posts |
Sort of a waste of time complaining about such things. Did you ever go to a used car lot and complain about their prices? What about all the stores with prices far exceeding all the other ones in the same area? Ever watch those home shopping programs on TV? It is all a shame what goes on and all the people that get cheated but way to late to save them all. Imagine if all those types of crooks could be put in jail. WAIT, no one left to guard them.   |
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Pillar of the Community
United States
2215 Posts |
Reminds me when, about 25 years ago, I saw a coin ad for "the soon-to-be discontinued Roosevelt dimes." I hadn't heard anything about the design being discontinued, so I called the company. I asked the guy about it, and he admitted that the design was not going to be discontinued. But then he added, "Let me tell you something, my friend. It's been minted for so long that chances are good it will be discontinued pretty soon." Anytime a stranger calls you "my friend," you know he's up to no good. |
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Pillar of the Community
United States
2815 Posts |
There is no question that this is false advertisement (bait & switch masters), and I'm pretty sure that the Bradford Exchange found a way to sleep good at night a long, long time ago. It always goes back to education.
Edited by Darth Morgan
09/28/2014 1:27 pm
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Pillar of the Community
United States
3486 Posts |
"It is just marketing to the unwise. "
Well said. Nothing to be done except to teach
those who come to the CCF site.
Edited by matthewvincent
09/28/2014 2:23 pm
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Pillar of the Community
United States
3755 Posts |
Quote:
I for one don't like blaming victims. No they don't deserve to be taken to the cleaners just because they assume a store would not be so misleading in it's marketing. Sorry, seen far too much dumb in my life to have sympathy for those who are. They are not "victims". The term victim can be used for people who are raped, or beaten or murdered but it is a little overboard to call someone too dumb to research how they spend their money a victim. I just call them dumb. |
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Pillar of the Community
United States
2540 Posts |
You have to have a good rep in order to ruin it..
they do not
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Replies: 20 / Views: 3,053 |
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First Page
Posted 09/26/2014 2:23 pm
