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 Replies: 13 / Views: 4,153 |
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Pillar of the Community
United States
651 Posts |
I just saw an ad for silver enriched 2007 Sac's from the U.S. Commemorative Gallery. They make it sound as if the U.S. mint is releasing these. Has anyone else seen these ad's in their local newspaper?
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Pillar of the Community
United States
4867 Posts |
The coins are for sale in bags and rolls on the mints website.
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Valued Member
United States
199 Posts |
Get ready for the onslought of hype Ken_3567, for the Prez $1's. It should be quite confusing. No silver prez $1's that I know of will be minted. Even in the silver proof sets issued by the US Mint, they and the Sac's will be the current golden $1 composition.
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Valued Member
United States
344 Posts |
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Pillar of the Community
 United States
651 Posts |
I guess they found a new sleazy word for plating. It's not on their website yet but they are advertising in local print (at least here in Ct). In a nutshell, they are offering a set of P&D silver plated (oops enriched) dollars for $29. I'm assuming now that most people have caught on to the Statehood Quarter plating scam and they're testing the waters with dollars. I've already e-mailed everyone I know locally about this rip-off. I wonder which TV huckster will offer them first? My money is on HSN. |
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Rest in Peace
United States
3730 Posts |
I'm a little confused.
Surely the United States Mint isn't offering "silver enriched" coins.
Are they?
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Valued Member
United States
199 Posts |
No, I wish they were, I'd buy some.
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Pillar of the Community
United States
2269 Posts |
In my opinion "silver enriched" is another word for "scam." If the mint was going to sell a silver Sac, I doubt they would plate it. Although, the mint would sell the silver sac for about 10-15 times the face value.
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Valued Member
United States
414 Posts |
U.S. Commemorative Gallery is not associated with US MINT! I think it is a scam!  |
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Valued Member
United States
62 Posts |
thats what I was thinking
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Valued Member
United States
194 Posts |
quote:
In my opinion "silver enriched" is another word for "scam." If the mint was going to sell a silver Sac, I doubt they would plate it. Although, the mint would sell the silver sac for about 10-15 times the face value.
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New Member
United States
1 Posts |
I understand that I am new.... but I have been a collector for years and I don't understand what the big deal is. I actually purchased one of the silver plated "enriched" Sacagawea dollars and think it is wonderful. I know it is not from the mint and I know it is plated, but I really is wonderful looking. It is just something different to own for fun. It was only $17 (probably too much, but what the heck) I didn't think it was a scam and I know it was plated. I figured it was just something different. Please don't take this harsh because it is not supposed to be. I just read complaining and didn't understand why. Why? |
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Bedrock of the Community
United States
12437 Posts |
Hi coin_director and welcome to the forum!
To answer your question, most of the places that sell plated coins try to sell them as "rare coins" or something that will increase in value.
When a coin is plated, it is considered to be altered/damaged and loses virtually all numismatic value. The Sacky that you paid $17 for will only ever be worth $1. You might have been knowledgeable about what you were buying, but most people are not. It is fine if purchased for novelty purposes, but it cannot be considered a serious numismatic collectible that will have lasting value.
Please do not take this as an elitist attitude- I personally collect elongated cents(souvenir smashed pennies) but I realize that they will probably never be worth anything. I get them strictly for fun to remember places I have visited. They are inexpensive enough(51 cents usually) that it doesn't matter how many I get. If I had to pay $17 for each elongate, I would burn through money quickly with no return.
Edited by biokemist6
04/12/2007 5:23 pm
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Pillar of the Community
United States
651 Posts |
If you are going in with eyes wide open and realize that once modified then the coin no longer has any collectible value then I have no problem if you believe in paying for something you like. What I disdain is that companies like this usually target a non-collecting audience who are unaware of the true lack of collectible value of these coin modifications and pitch them like they are an investment and not a novelty item which is all they really are.
There are too many stories of people later visiting a coin show or dealer to inquire what the value of their investment is only to discover its worth less than the face value of the coin.
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Replies: 13 / Views: 4,153 |
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Posted 04/01/2007 11:35 am
