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 Replies: 27 / Views: 6,607 |
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Pillar of the Community
United States
1511 Posts |
Well said Conder101.... So true, lol.
Sorry John, I didn't hear about that before ("the switch of staff") so I apologize. But... Even so... It's no fault in the graders, I'm sure they can grade quite well, I've sent plenty of coins to ANACS recently and they were spot on grade wise, conservative if anything... But they surly didn't overgrade a single coin.
It's the fault in the grade.... Again... A 70 is a ridiculous grade, plain and simple. And if I were to have a "70" examined by another company/person I'd pretty much EXPECT it to not get that grade again. That's why I would never pay a premium for a 70 as I'd be buying the label for a premium. Heck even if it were a "70" from a more reputable company like NGC, and I tried to cross it to PCGS (or vise versa) as a 70 I'd expect it to come back as a 69 nine times out of ten. rediculious
Was that wrong of him to make that guarantee? Absolutely. But any "guaranties" he gave should have been taken with a grain of salt, because he cannot really "guarantee" anything graded by a company he doesn't work for... Sure they may do a lot of business with the company but he can't make guarantees on their behalf regarding their grading. So honestly as rough as it sounds it's nobody's fault but the people who believed the idiot. I don't think there's any legal ramifications that can be done... His "guarantee" wasn't backed by anything aside of his big mouth... And as a telemarketer his mouth would run, lol. No offense but you have nobody to be mad at but yourself for believing that crap.... And in the "70" grade... That's what happens. (And that's not even taking into account that you probably paid double of retail for anything you bought from HSN, lol... Sorry)
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Pillar of the Community
Canada
849 Posts |
The OP states "He has sold tens of millions of coins using this fraudulent guarantee". People worry about grading being exaggerated at times. I think it is the author of this thread who is exaggerating. How could one person sell tens of millions of coins?  |
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Pillar of the Community
2087 Posts |
I have a collection that has about 800 coins and only four slabs. Slabbing for me has this unhealthy attraction some what like "picking a scab" I can see the attraction but every time I get close to submitting a coin I find I just can't do it. All that said; if you buy the coin rather than the slab then you probably are not going to go too wrong. As for mistakes: Quote:
*Caveat - In no way I am saying I haven't made mistakes along the way...but I "gaurandamntee" you you I have learned from each every one. I label mistakes "investments in experience" |
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Moderator
 United States
23522 Posts |
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People worry about grading being exaggerated at times. I think it is the author of this thread who is exaggerating. How could one person sell tens of millions of coins?
A bit of hyperbole, perhaps, but not all that much an exaggeration. HSN is almost certainly the single largest TPG customer, and there's no doubt in my mind that they've sold coins numbering into the millions. OP: You've obviously been flogging this issue for over three years. It's common knowledge in the actual collecting world, but we can't change the attitudes of the entire buying public and you're preaching to the choir here. You gotta chill, man. This is going to affect your health. |
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Pillar of the Community
 United States
1949 Posts |
I agree, I think I read somewhere a while back that in terms of volume, HSN is (or was) the single largest seller of coins at a retail level... Unfortunately, if you think about things simply from an economic standpoint, they would not be broadcasting and advertising like they do without a very high profit margin- Nearly anytime a customer is purchasing via direct marketing, they are paying through the roof...
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New Member
 United States
8 Posts |
As Forrest Gumps' mom used to say..."Stupid is as stupid does".....I learned my lesson after buying too many coins from Mike Mezack......Unfortunately, there are still thousands of people buying his coins. I hope they are properly graded and not overpriced.
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New Member
United States
8 Posts |
I sent in about 25 coins to have them graded by PCGS and every ICG PR70 graded coins was rejected for crossover. I even sent ten of their own PR70 coins back to ICG for a 15 day turn around.....TEN months later the coins had still not been returned. They finally admitted that 7 out of the ten coins graded by them had been overgraded. They actually told me that they were going to clean them and return all 10 coins. Mike Mezack sold tens of thousands of these coins. Oh well, live and learn. That is why I was upset.
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Pillar of the Community
United States
3843 Posts |
Edited by Joe2007
05/11/2014 12:54 am
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Moderator
United States
23522 Posts |
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I guess the question in this is whether they are misrepresenting the items they sell(illegal) or is it mere puffery(legal). You'll find them very_carefully toeing the line of misrepresentation. This is a low bar, because very little about such language is regulated by law. They can say quite a lot without crossing that line. |
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Pillar of the Community
United States
5208 Posts |
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In December of 2007 Steve Taylor of ICG tried to buy the company but the owners wouldn't sell. So he (Driving Force LLD) purchased ANACS from Anderson Press instead and relocated it to Colorado from Texas in January 2008 (At that time ICG was also located in Colorado. They have since relocated to Tampa FL.). He fired all of the ANACS graders and hired away most of the ICG graders. ICG replaced them by hiring most of the fired ANACS graders. ANACS later announced that they would not guarantee the grades assigned by the former owners of ANACS. These events are all true. Any statements by Mezack or HSN I have no knowledge of. If Condor101 said it I take it as the truth. That being said I have worked at more than a few jobs where there were a couple of intelligent and dedicated and qualified coworkers and the rest were hole fillers / affirmative action kickback plants / we just need a body. So if Steve Taylor had a few bucks in his pocket and a plan and knew a few coworkers who knew their stuff and wanted to buy a brand and took over ANACS and fired all of the previous staff that he didn't want to take a gamble on their grading skills and wanted to replace them with people he knew he could count on because of past experience then that business model makes complete sense. As to HSN ripping people off including the OP has nothing to do with ANACS as a whole. I think every veteran and knowledgeable collector cringe at the First Strike, Early Release, First Day Of Issue, and all of the other marketing label gimmicks perpetrated by all 3 of the top TPG's. |
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Bedrock of the Community
United States
17884 Posts |
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I even sent ten of their own PR70 coins back to ICG for a 15 day turn around.....TEN months later the coins had still not been returned. They finally admitted that 7 out of the ten coins graded by them had been overgraded. Hopefully they wouldn't take so long for the turnaround but if you sent 10 PCGS or NGC 70's back to their respective companies most of them won't come back as 70's again either. |
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Bedrock of the Community
United States
19955 Posts |
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You'll find them very_carefully toeing the line of misrepresentation. This is a low bar, because very little about such language is regulated by law. They can say quite a lot without crossing that line. Yes, just like the "replica", gold-plated Buffalo coins they've been advertising forever. They fully disclose the coin is a fake, but to the dumb and ignorant, it's too hard to comprehend I guess.  Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Replies: 27 / Views: 6,607 |
First Page
Posted 05/10/2014 10:34 am
