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Replies: 25 / Views: 3,636 |
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Moderator
 United States
16679 Posts |
swcoin.ecrater.com
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Bedrock of the Community
United States
10284 Posts |
I recently met someone who was proudly carrying one of these and tickled as could be to own it. Rather than point out their folly, I said that it was nice. I don't think they wanted to hear any bad news and they weren't going to dive head on into the coin collecting hobby so I let them go their way just as happy as could be. I just have to let it go sometimes.
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Moderator
  United States
16679 Posts |
I just hope the uninformed know they aren't investing in gold.
swcoin.ecrater.com
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Bedrock of the Community
United States
10284 Posts |
Those unbelievably low priced limited supply pieces of junk commercials make me queasy but what are you going to do? If the guy was out buying all sorts of stuff like that I think I would say something but I think he just liked it as a pocket piece. There was another fellow who told me that he collected these overprinted bills that had some kind of state theme or something on them. He also said he used plastic coated lamination sheets to seal all his silver certificates with. I told him he was wasting and ruining money but he was so dumb, I couldn't get it into his head that he was throwing money away. He wouldn't hear it. I do believe he was getting a bit angry with me for raining on his parade. I think this is probably the case with most of these dummies that buy this stuff. Else they wouldn't be conned in the first place. They just don't have the IQ to know any better. There is probably an Aesop fable that applies to this.
Edited by TNG 04/08/2012 9:28 pm
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Pillar of the Community
United States
1388 Posts |
WHAT? Those arent worth anything? Jkjk, I'm not dumb! I laugh my head off every time I see that commercial. 
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Pillar of the Community
United States
1116 Posts |
I do believe that that commercial has been around for years. They wouldn't be running it if they weren't selling a ton of those fake coins. How many $10 do you think they have to take in to make it worth their time?
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Pillar of the Community
United States
5832 Posts |
If they had read the book "Dummy Guide to Coin Collecting", they wouldn't made the mistake, but it cost more than the coin in the commercial.
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Pillar of the Community
United States
842 Posts |
I am laughing as I read this thread because I saw this ad about 5 minutes before logging onto CCF.  Thanks for posting this! 
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Pillar of the Community
United States
4778 Posts |
This pretty much sums up how I feel every time I see that commercial (or any other commercial like it): 
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Pillar of the Community
 United States
5953 Posts |
The sad thing is people buy these for coin collectors. I have been given several over the years from relatives who know I collect coins they see it on TV and think oh what a perfect gift.... I have them in a cigar box with a skull and cross bones on it so my wife will know they are junk should she be tasked with disposing of my coins.
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Pillar of the Community
United States
1388 Posts |
Nohope, great idea with the box!
Also, what are those things actually like?
Can you scrape the "14 milligrams of gold" off with your finger?
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Pillar of the Community
 United States
5953 Posts |
I assume you could. I have never actually taken one out of the packaging.
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Bedrock of the Community
United States
20753 Posts |
Quote: I think this is probably the case with most of these dummies that buy this stuff. Else they wouldn't be conned in the first place. They just don't have the IQ to know any better. There is probably an Aesop fable that applies to this.
Actually it is sort of sad at how many scams are out there about coins. If you get many of those mail order catalogs, they usually have several things for sale about coins. TV adds, newspaper adds, everywhere someone is selling something to do with coins today. Mostly due to the State Quarters and those baby dollars with presidents on them. It is really to bad there is no way to get most of the population aware of this or similar web sites so they would know what is what with coins.
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Pillar of the Community
527 Posts |
If this coin is not "gold", then what is it made of?
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Valued Member
Canada
115 Posts |
TheDanMan, if your question is serious, they are made of the cheapest metal possible, (steel ?, zinc ?, "pot metal ? or some other crap), with 14 milligram gold plating. Let's see, 31.1 grams in a troy ounce, gold is $1645 today. $1645 divided by 31.1 = $52.89/gram. 14 milligrams would be $52.98 times .014 = 74 CENTS ! So your cheap metal at 1 cent or so + 74 cents of gold = very poor investment at $9.95 plus s/h charge.
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Pillar of the Community
United States
539 Posts |
I actually would like to have one. Just not for $9.95 or anywhere near close to that. Maybe a buck or two at the most or postage to nmy house. I collect other non-coin things that resemble coins whenever I run across them. I never pay much for them, 25 cents or so for the novelty. Not really serious about it but when opportunity knocks and it is something interesting, I spend the 2 bits (or whatever). Thanks Terry-T for that math. I'll use it if anyone has one of these at a garage sale or flea market. 
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Replies: 25 / Views: 3,636 |