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The Lengths A Collector Goes To , To Get Coins ....

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Pillar of the Community

United Kingdom
837 Posts
 Posted 01/07/2014  5:11 pm Show Profile   Bookmark this topic Add DaytR to your friends list Get a Link to this Message Number of Subscribers
I know we love coins , but this guy went a bit too far to get some for getting his coins !!

http://www.lohud.com/article/201401...lick_check=1
Pillar of the Community
United States
3184 Posts
 Posted 01/07/2014  6:20 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
hope he goes to prison for a long time
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 01/07/2014  6:29 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Better that than the money going to war but hope he gets what he deserves.
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denco7's Avatar
United States
2543 Posts
 Posted 01/07/2014  8:10 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
Stupid......stupid.......stupid.........stupid/

Stupid to steal........stupid to get caught..........but we can all tell how extra stupid he really was ...... don't invest in eagles or krugerrands, invest in coins from " The New York Mint " ..... Don't invest in Dali, Monet or Picasso, invest in Thomas Kinkade paintings . Stupid thief ; saavy investor.
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westcoin's Avatar
United States
9792 Posts
 Posted 01/20/2014  03:31 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
From the article:
Quote:
including $590,000 for coins from the New York Mint


So he bought graded coins worth around $225,000? According to a few fraud and consumer protection websites the "New York Mint" is a firm that pushes "investment grade" certified NGC & PCGS coins (mostly gold and silver dollars) but prices them at 2-3 times the current market price.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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keepcalmandcoinon's Avatar
United States
865 Posts
 Posted 01/20/2014  04:18 am  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list Get a Link to this Reply
Kinkade? Really? Deserves to go to jail for his horrible taste in art.
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 01/20/2014  08:20 am  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
I'd not heard of Kinkade, but I like many of his landscapes and seascapes.

I wouldn't pay the money asked for prints at the Kinkade Gallery even for an original; there are as good or better artists locally at a fraction of the price.

I wish I could paint half as well as he.

Many of his paintings seem rather kitsch and very populist; to make people feel comfortable.
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 01/21/2014  5:33 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
I wouldn't pay the money asked for prints at the Kinkade Gallery even for an original; there are as good or better artists locally at a fraction of the price.
OT, but since I did business with the firm that printed his "paintings", here's how they were made:
1. Mass-produce lithographs of paintings on printing press.
2. Glue litho to canvas.
3. Employ assembly-line workers to daub on fluorescent white paint to give repros texture of oil-painting. Thomas Kinkade signs the more expensive ones.
5. Mount to mass-produced frames and tack on a little brass title.
6. Ship to Kinkade-franchised galleries.
7. Tell prospective buyers they are "investments"; sell for huge margins.
8. Rinse & repeat--make money hand over fist--for a while.
9. Undercut your own galleries by selling paintings online. Market saturated, which precipitates closing of galleries and loss of perceived value. Gallery owners and buyers left holding the bag.
10. The ending of this sad tale can be read in the news.
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