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Pawn Stars Peace Dollar - A Different Perspective

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jimbucks's Avatar
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 Posted 01/06/2015  4:42 pm Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message Number of Subscribers
It is obvious that the Pawn Stars people overpaid for the Peace dollar which is now up for auction. I find it hard to believe they would pay so much for a coin that has recent sales results that do not justify the price.

My take is that the whole transaction was staged. We all know that the vast majority of their shows are scripted, though I will admit entertaining.

Why would they stage something like this -- to give the viewers the perception that they overpay for rare coins with the intend to offer low ball prices to unsuspecting potential sellers.

Anyone have similar thoughts?

Note - Pawn Stars was recently busted for selling fake sports memorabilia at auction. Last I read they have gone into hiding and refuse to comment.
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jbuck's Avatar
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 Posted 01/06/2015  5:22 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Anyone have similar thoughts?
The thought crossed my mind. I kept it to myself to avoid upsetting the fans, just like I do with professional wrestling.
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stampvirgin's Avatar
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 Posted 01/06/2015  5:26 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list Get a Link to this Reply
perhaps they did it knowing of the upcoming FUN show?
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denco7's Avatar
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 Posted 01/06/2015  5:30 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
First of all how is this a " different perspective " you are just hating on them like everyone did in the other thread on this subject.

Secondly "show of hands" who here has never over paid for a coin they really wanted ? Or bought a coin based on a RedBook, NGC or PCGS price guide price, because they really wanted the coin? What no hands ? I know mine isn't up.

These guys are not historians,numismatists,art experts, memorabilia experts, they are not even smart. They rely on their little panel of local " experts ". Obviously his local coin expert was wrong on this one, big deal. Because it was a punt load of money ? Tell that to the guy who paid $100,000 for the first Gold Kennedy, or the guy who paid $80,000 for the PF70 1995w ASE, or the guy who paid $28,000 for the MS70 2008/reverse of 2007 ASE. Big deal he has got a punt load of money to waste.

Finally, they weren't " busted " for anything, the consignment director of Heritage Auctions authenticated and assigned an auction value to that sports memorabilia. So on his authentication, they auctioned it off, it was only after the fact that all these other " authenticators " came out of the wood work for their " 15 minutes "

It is because everyone revels in the mistakes of successful people ?
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jbuck's Avatar
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 Posted 01/06/2015  5:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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First of all how is this a " different perspective " you are just hating on them like everyone did in the other thread on this subject.
I could be wrong, but I did not read it that way. The different perspective is thinking it was staged, whereas everyone else was hating on the perceived mistake.
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SsuperDdave's Avatar
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 Posted 01/06/2015  5:38 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I don't think the sky is going to fall on them. Their coin is a headliner at one of the two or three most important auctions of the year, and there's pent-up frustration on the part of the underbidders from the last two.

The most serious money in numismatics - the top of the economic food chain folks who are also lifelong dedicated collectors - overwhelmingly get into Silver Dollars even if shared with some other specialty. These folks will be in person, or represented, at FUN and that's the first time we'll hear them speak about this coin.

I think the game's afoot, all right, but I'm not sure it's the game being discussed.

Look at it this way: how tempting a target would that pawn shop be for a TV news fraud crew?

Edit to clarify: It's my opinion that everything you watched on TV was scripted to maximize this coin's value at FUN.

Second edit: I should also add that I think it's brilliant and I wish I'd thought of it myself.
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 Posted 01/06/2015  5:54 pm  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply

Quote:
My take is that the whole transaction was staged. We all know that the vast majority of their shows are scripted, though I will admit entertaining.


I don't believe the majority is scripted. Sure, the drama between the main characters are scripted, and the items people bring in are pre-selected to be on the show (which means that they are able to research them somewhat before hand to know what they need to say for TV), and everyone "in the shop" during the deals are all probably paid to be there, but as to the actual haggling that takes place? I don't believe that is staged. Some people do get real irate when they offer low prices... To each his own to opine on the matter, but I don't believe it's entirely scripted.

http://www.ngccoin.com/news/viewart...Article=4373
"Please note that the casting team will NOT be able to offer any appraisals. They will only be evaluating items to see if they are appropriate to appear on the show."
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coinlover168's Avatar
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 Posted 01/06/2015  6:26 pm  Show Profile   Bookmark this reply Add coinlover168 to your friends list Get a Link to this Reply

Quote:
They rely on their little panel of local " experts ". Obviously his local coin expert was wrong on this one, big deal.

The "coin expert" that he called in was the (head?) of NGC Ancients. I found it kind of funny that they would get a guy from the company that graded/authenticated the coin, but from the WRONG department.
Edited by coinlover168
01/06/2015 6:27 pm
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SsuperDdave's Avatar
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 Posted 01/06/2015  7:28 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
They had a "local expert" handy who works out of Sarasota, Florida, eh?
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denco7's Avatar
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 Posted 01/06/2015  7:45 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
I could be wrong, but I did not read it that way. The different perspective is thinking it was staged, whereas everyone else was hating on the perceived mistake.


Ok , I didn't read it that way, it seemed like another, 3rd or 4th, "hate on pawn stars" thread. In that case, I totally agree with you jimbucks. I am a very firm believer in " there is no such thing as a coincidence "

And their is no coincidence here. NGC Rep. authenticates a coin,Pawn Stars buys a coin, Pawn Stars hired by NGC to appear at FUN, Pawn Stars auctions said NGC certified coin at Fun.

Just like Vince McMahon wrote it.
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SsuperDdave's Avatar
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 Posted 01/06/2015  8:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
The next few years are going to be fun. The TPG's are discovering brand integration.
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jimbucks's Avatar
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 Posted 01/06/2015  8:51 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
This just came to mind. I was told HA sends all coins to CAC prior to auction. Since this coin does not have a bean (in the images I have seen), is it correct to assume CAC "rejected" it? Related question, if HA is asked whether to their knowledge a coin was submitted to CAC are they obligated to answer? If I were to bid on any high priced coin without a bean, I would really want to know such a disposition as part of due diligence.

Edited by jimbucks
01/06/2015 8:55 pm
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jbuck's Avatar
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TreasHunt's Avatar
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 Posted 01/08/2015  07:50 am  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
denco7

A "punt load"?

New term for me
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SsuperDdave's Avatar
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 Posted 01/08/2015  09:36 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Well, punts were fairly small boats, so it doesn't indicate all that much. Doesn't mean I'd want to man a punt loaded with fertilizer, considering what fertilizer was back in that day.
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zookr's Avatar
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 Posted 01/14/2015  12:30 pm  Show Profile   Bookmark this reply Add zookr to your friends list Get a Link to this Reply
Fertilizer hasn't changed much in hundreds of years, just sayin' -
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