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 Replies: 23 / Views: 2,502 |
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Valued Member
United States
339 Posts |
I'm watching "Coin Vault" and he's trying so hard to make $80+10 dollar shipping for a 1 ounce silver round a really great deal and I'll never have a chance to get one that low priced ever
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Pillar of the Community
United States
3184 Posts |
thats nuts! Can't believe people fall for it
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Pillar of the Community
Canada
2805 Posts |
So what is this "Coin Vault"?
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Moderator
 United States
16679 Posts |
They prey on the uninformed.
They are basically unethical pitchmen.
swcoin.ecrater.com
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Pillar of the Community
Canada
2805 Posts |
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Pillar of the Community
United States
1037 Posts |
Yes the Coin Vault and other TV coin hawkers are over priced 99% of the time. They do throw us a bone once and a while. These shows are also good for numismatic information.
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Pillar of the Community
917 Posts |
I have no idea what it is either nalaberong... If it is on TV I would have no clue as I don't even own one :)
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Pillar of the Community
Canada
2805 Posts |
OK, a TV show. Do they really manage to fill a regular timeslot with nothing but dumbed-down market speculation and over-priced punditry? Do they really come up with new bad deals for every show?
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Valued Member
United States
416 Posts |
Airs on cable shopping channels, it's funny to watch them push their "deals" except for the fact that people actually buy the crap
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Pillar of the Community
United States
1037 Posts |
All these guys are extremely long winded. They'll yak on a slabbed MS69 bullion ASE for 30 minutes and will tell you that it is a bargain at $49.99 + 9.99s/h. |
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Pillar of the Community
Canada
5417 Posts |
Haha, they are the scourge of the community.
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Pillar of the Community
United States
7618 Posts |
Fun thing to do is call in to the show and ask them simple, annoying questions. Ask for close up pictures. Ask them to cut the price. Tell them you gotta go ask your dad, or your wife, and see if it's ok to buy it.
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Pillar of the Community
 United States
4591 Posts |
Quote:
OK, a TV show. Do they really manage to fill a regular timeslot with nothing but dumbed-down market speculation and over-priced punditry? Do they really come up with new bad deals for every show? You don't watch much basic cable TV, do you? -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United Kingdom
548 Posts |
I'm just looking at a private mint here in the UK that is selling a normal 1921 Morgan dollar for £80, plus £4 postage. That's about $135. At the same time they're selling a bullion sovereign from 1901 for £400, claiming it is rare when it fact it's worth about half that. There are many shysters in the coin business. It would be funny if these guys didn't stay in business year after year, which means they're swindling a lot of people. |
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Pillar of the Community
United States
2543 Posts |
Say what will, but that guy knows his coins (even if he embelishes ... a lot) He has sold almost 2 bil. dollars worth of coins in the last 20 years that he has been hawking coins. So someone is buying.
He was one of the first guys that pushed slabbed coins and was probably the most instrumental in the current fad of grading new modern issues. He is a huge part of ANAC's yearly business and buys millions and millions of dollars worth of coins from the U.S. Mint every year.
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Bedrock of the Community
United States
20753 Posts |
I'll go along with denco7 on this one. Regardless of what people that know Numismatics knows, there are many, many times that amount that don't know. And it's not just in coins, if you watch those many commercials about just about everything, you would see that they are there for a reason. TV time costs money and they have to make a lot to keep those adds on. Same with coin shows. Lots of people buy that stuff for presents. Not knowing what to get someone that collects coins, such programs come in handy. For every few that kno . values there are millions that don't.
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Replies: 23 / Views: 2,502 |
Posted 11/26/2013 8:38 pm
