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 Replies: 13 / Views: 1,738 |
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Pillar of the Community
United States
4883 Posts |
I mentioned in another thread that I was at a rural coin auction yesterday where a "collection" was being sold off. Well over a hundred lots, many of which consisted of very modern or low grade older coins, and even plated reproductions, encased or enhanced as "collectibles" - quasi-sets conforming to themes like "Nine Decades of Linclon Pennies", "Dawn of the Century Coins", "The Vanishing American Indian", "A Century of Women on US coins", et cetera - the kind of stuff hawked to the public on TV shopping shows, where presentation and smooth talk are everything. I ended up with one of these (see below), unavoidably since it was bundled up in a lot with a Peace dollar I wanted. However, since I limited my bid and paid only what the dollar was worth to me, I basically to my way of thinking got this for free, although I have no idea what I'll do with it. There was a fellow there snapping up almost all of this kind of material, certainly well below the original selling prices, but still I'm hard pressed to see the potential for a ready return on his investment. I feel more sorry for the numismatically unsophisticated folks who get sucked into buying this sort of stuff at full retail in the first place, for as prettily packaged as they might be, such sets are a losing proposition, even in the long term.  Colligo ergo sum
Edited by Lucky Cuss
07/13/2014 3:52 pm
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Pillar of the Community
United States
1531 Posts |
I wouldn't pay more than a dollar each for those. I don't like altered coins.
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Pillar of the Community
United States
2368 Posts |
 Is that a Littleton product? They're always coming up with gimmicky, overpriced stuff with hardly any numismatic value... And yet people still buy it. Smh...  |
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Pillar of the Community
United States
917 Posts |
Numismatically speaking, they aren't generally worth more then a quarter but people collect EVERYTHING. IF he was paying a bit over 1.25 ill bet he can make some money. People love to collect things from their home state.
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Pillar of the Community
United States
1277 Posts |
I'd pay a few bucks for a Texas set lol
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Valued Member
United States
199 Posts |
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I'd pay a few bucks for a Texas set ... If I liked the Ohio quarter better, I'd spend a couple bucks just to have it as a novelty |
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Pillar of the Community
 United States
4883 Posts |
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Is that a Littleton product? Don't know, doesn't say on it. There's a hokey "Vault Verification #" sticker on the back with a stock number that hasn't helped me identify who put it out or sold it.... Quote:
I'd pay a few bucks for a Texas set lol Quote:
If I liked the Ohio quarter better, I'd spend a couple bucks just to have it as a novelty Yeah, that's the thing, if it were a state in which I was born, grew up, or live now, then at least I'd keep it as a trinket, or maybe give it as a gift. As it is, the face value covers the buyer's premium on the Peace dollar. At the auction, a few of these things went for just a bit more than face value, but most sold for a significant multiple of that. Colligo ergo sum
Edited by Lucky Cuss
07/13/2014 4:49 pm
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Pillar of the Community
United States
8137 Posts |
I like how it says "The complete State Quarter Collection" when all it has are 5 quarters for Washington state. |
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Pillar of the Community
United States
4692 Posts |
In my opinion, this is junk. Stay away.
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Bedrock of the Community
United States
17884 Posts |
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There's a hokey "Vault Verification #" sticker on the back "Vault Verification" sounds to me like National Collectors Mint. They are really big on having things come out of the vault etc. Quote:I like how it says "The complete State Quarter Collection" when all it has are 5 quarters for Washington state. That's because it is only one holder from the "collection" Now he just needs the other 49 holders.  |
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Moderator
 United States
188770 Posts |
Quote: I like how it says "The complete State Quarter Collection" when all it has are 5 quarters for Washington state. I am sure this is just one set of the 50 (or 56) sets in the complete collection. They were probably sold on a subscription basis. |
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Pillar of the Community
United States
1158 Posts |
I might be willing to trade a collectible painted president dollar for that set of quarters.  |
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Pillar of the Community
Canada
2781 Posts |
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I feel more sorry for the numismatically unsophisticated folks who get sucked into buying this sort of stuff they aren't getting sucked in... any more than the guy who collects matchbox cars, beanie babies, or anything else "collectable". here's a mind blowing theory ... maybe they like what they collect (even if we don't). as long as there is more than one person who buys this stuff there will always be a market, and potential for profit. |
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Pillar of the Community
United States
1158 Posts |
I think that is true of small portion of the people. But if you watch the QVC or commercials advertising this stuff, then use very deceptive tactics to encourage people into thinking that they are making an investment.
There's another thread with a link to the infomercial for gold plated replicas of $50 Gold Buffaloes, and they show all these graphs of how the value of the actual gold Buffaloes have risen in price 100% over the past few years.
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Replies: 13 / Views: 1,738 |
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Posted 07/13/2014 12:18 pm
