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 Replies: 41 / Views: 28,878 |
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Valued Member
United States
284 Posts |
michaeln1306,
Could you try e-mailing me? I think we work at the same place and just don't know it yet! Your "Click here to send an e-mail" link in your profile is not showing up.
-- Boris
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Valued Member
 United States
262 Posts |
Hey Christian....your email doesn't seem to be working either. my email is ***E-Mail Address Removed***. shoot me a line!
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Bedrock of the Community
United States
17884 Posts |
Quote:
The say such and such set of coins should go for x and we are selling at y (which is less than x) is false. Who says they should go for x? They do. So now it boils down to "We say this set should sell for X but we are going to sell them to you for less than that." This is true. Sometimes they will show a price listed by some other ultra high price seller and say they are selling them for this (true) but we are selling them for the much lower (but still much above retail) price of this! (also true) These folks are very good at not making false claims that could get them in trouble. |
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Valued Member
United States
65 Posts |
Michael you probably got tired of hearing that you overpaid, but you did you overpay. It would of been a better to buy to purchase the uncirculated set that than gold plated as you now have heard from the forum. I can understand your purchase though you fill confident in the vendor knowledge and guarantee, by the way there is 30 day refund policy. I know I have purchased both from Coin Vault and HSN in the past. In fact I can say that Robert Chambers of Coin Vault got me back into collecting coins back in the 90's. HSN is not a good place to purchase coins you always overpay for the confidence that you are going to get the product as promised- their quality is find they do not misrepresent that. Coin Vault was a tremendous asset to a newbie collector like myself in the 80's and 90's. It delivered again quality merchandise with informative presentation for a little above market price. But back then there was no Internet and you did not have a means of getting a larger audience other than your local coin club. I sill watch Coin Vault occasionally and have been tempted to buy but then again I check the internet and get it cheaper elsewhere.
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Valued Member
United States
327 Posts |
To the original poster: please look at the upper left corner of this page. See the forum motto? "Education is the key to collector success". This is our motto here for a reason. There are no stupid questions here, and questionable buying decisions by new collectors show up here on an almost daily basis, so you have a great deal of company. My advice: return the plated quarters, set aside that money and do some studying here and around the web. Start collecting something you like that is reasonable and easily available-the State Quarters are a great beginning. Learn about grading and the various kinds of coins (uncirculated, proofs, commemoratives, etc) and grow your collection gradually. |
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Valued Member
United States
333 Posts |
To the original poster:
As others have said, you overpaid. You can still return the coins. I don't think just returning the coins will do things for you, though. From your posts it sounds like you want something that is a nice conversation piece and looks good as well.
There are lots of really cool looking coins. That's one reason that people get into this hobby, because they appeal to us on some aesthetic level. After that, people start looking into the value of the coins. We want to buy something that looks good, but also something that others will pay $$ for in the event that we are forced to sell. It is a hobby, but it is also a way to protect ourselves. I know that you enjoy the look of the coins, but I'm confident that there are other coins that you will like just as much or better for the same price or less.
Here is what I suggest you do:
Go to your local store and buy a coin magazine. This will only cost you a $5-7. It will outline the prices of coins and have some pictures (hopefully color) of a bunch of different ones. Find a few designs that you like and consider purchasing one with the money you got from returning the set at HSN. It doesn't have to be super rare but it should be something that you like. If it makes it easier, you might want to consider a slabbed coin. I know a lot of collectors look down on slabbed coins, but if you are new to coin collecting and want something that costs $300 or so, getting a slabbed coin will help protect the coin from damage and it will be easier to show other people without worrying about mishandling etc...
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Valued Member
United States
65 Posts |
Well said SPQR and Buffalo. I also wanted to reiterate that I had a co-worker last winter whom bought I believe the same product from HSN for a Christmas present for his daughter and paid $119 for gold plated coins in the wooden chest. He asked me what I thought of his purchase, I said numismaticly I would not buy gold plated coins but if you liked them, then you did OK because the chest is worth about $75 and coins are $50 or so. He wanted something with bling and history of the USA and probably not so concerned with collecting.
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Pillar of the Community
United States
4989 Posts |
To assemble that set my raw material costs would be: BU P&D State Quarter full set : $50 Gold Plating Solution : $20 Display Case : $50 Hard Plastic Holders : $30 ---- TOTAL: $150 Add about $50 of labor and I think a reasonable price would be about $199.95 retail. Anyone who thinks they can get that set, nicely boxed with each coin in a hard plastic holder, for $25 is dreaming. |
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Bedrock of the Community
United States
10045 Posts |
Quote:BU P&D State Quarter full set : $50 Gold Plating Solution : $20 Display Case : $50 Hard Plastic Holders : $30 If you hand-built this set/case yourself, it would have more value in my eyes than anything that rolls off an assembly line for a fraction of the retail price. It's something to consider when evaluating any items deemed "collectable" but mass-marketed-- the actual production cost is a better indicator of real value than the retail, no matter how heavily "discounted." I may come across a bit strident on this subject, but I've had to break it to friends that their coin sets, mass-produced artwork, fake name-brand watches, or jewelry with fake/tiny, worthless stones has no tangible resell value. Where people spent some hard-earned $ will be fodder for future flea markets and garage sales. I miss the days when I could directly warn ebay bidders they have been taken, so I soapbox wherever I can.  Edited by DVCollector
05/13/2011 4:09 pm
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Pillar of the Community
United States
4989 Posts |
I think the buyer of that gold plated State Quarter set would not be too surprised to find out that his collection is only worth $50 or so at auction. Write off $200 on the net worth; no big deal. The real shock is when someone pays $25,000 retail for a Gold Rolex only to realize a few years later that the watch only contains $2,100 worth of Gold and is worth only a very generous $9,000 at auction. Or, more commonly, rare coin buyers discover that their local dealer is only willing to pay them 40% of what they originally sold them the coins for. Happens every day. All retail, not just junk stuff, includes heavy markup. |
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Bedrock of the Community
United States
10045 Posts |
Quote:
The real shock is when someone pays $25,000 retail for a Gold Rolex only to realize a few years later that the watch only contains $2,100 worth of Gold and is worth only a very generous $9,000 at auction. You're right--most luxury brands are mass-produced objects of status and price doesn't reflect material cost. If I had a point somewhere, it's that some items have inherent value due to steady demand/rarity, while other items are marketed to appear as collectables with intrinsic value that just won't hold up over time. Making a good $200 purchase on a classic US coin is probably far better advice than spending that amount for a coin set on HSN, the former being far easier to resell if the need ever arises.  Edited by DVCollector
05/13/2011 6:22 pm
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Replies: 41 / Views: 28,878 |
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Posted 05/12/2011 9:07 pm
