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 Replies: 23 / Views: 2,503 |
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Pillar of the Community
872 Posts |
This guy has a racket that works. HE has done his homework, while others refuse to.
A buyer of his product has the cash but limited knowledge of what the price and rarity of the coin holds.
To the buyer, its ease and simplicity. The guy apparently knows his stuff, and sounds convincing - or he reads the highlights from a tele-prompter pretty good.
In the end it's the buyers choice whether or not to purchase items that are over priced.
Sure it costs some revenue to have a show, no matter what time it airs. But they may have a better reputation and higher volume if they were doing more of an ethical job.
Instead, they seem to be happy getting the revenue from the uneducated.
Players like this only get in Hot water if the general public complains about the price gouging. then the Department of Justice and FBI would pay him a visit, look over his books and decide if they have enough information to follow through with it. So, until the buyers complain, this guy continues to sweet talk and looks legit. Hey, he knows his stuff, has a TV show and calls these items a deal....what more is there to ask ? <smirk>
One last note, I am sure they buy in bulk and get some amazing deals. Then the profit price point is much lower, allowing them to make fistfuls of cash. Some people have the charisma to sell an eskimo a freezer at the North Pole.
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Moderator
 United States
23522 Posts |
Quote:
Players like this only get in Hot water if the general public complains about the price gouging. then the Department of Justice and FBI would pay him a visit, look over his books and decide if they have enough information to follow through with it. So, until the buyers complain, this guy continues to sweet talk and looks legit. Hey, he knows his stuff, has a TV show and calls these items a deal....what more is there to ask ? <smirk> There's a catch-22 though. The more evidence we present proving that they're gouging on price, the more evidence they have to prove that they're just another bit player and don't enjoy any kind of monopoly which would make their price-gouging illegal. You can charge whatever the heck you like in a competitive atmosphere; it's just usually senseless to price yourself out of the market, not illegal. |
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Bedrock of the Community
United States
36844 Posts |
These guys found out it's easer to sell coins than it is used cars.
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Pillar of the Community
United States
2543 Posts |
The saddest part is going to an auction and seeing an "ANACS MS70 First Day of Issue #2500 of #3500 in a special Red Oak Presentation Box" , go for $40. When you know the origanal owner paid HSN $129.99 plus $7.95 S&H for it  |
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Pillar of the Community
 United States
4594 Posts |
Three words: "Brown Box Ike"
-----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
Canada
2805 Posts |
Any slabbed coin seems like a racket.
As for cable TV... American daytime TV deeply worries me and I try to avoid TV in general. We have free cable at home... they never cut off a free 3-month offer! We even asked to shut it off, because it was all stupid, but they wouldn't even do that!
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Pillar of the Community
United States
1053 Posts |
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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. haha  |
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Bedrock of the Community
13014 Posts |
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One last note, I am sure they buy in bulk and get some amazing deals. Then the profit price point is much lower, allowing them to make fistfuls of cash. Im sure they do get amazing deals, the HSN guy bought 10 percent of the total mintage of the 2013 silver eagle sets. At the same time though TV isn't free. Dont get me wrong I'm sure theyre making a nice profit, but its probably not as much as we would think after paying the TV bills. |
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Replies: 23 / Views: 2,503 |
First Page
Posted 11/27/2013 12:03 pm
