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 Replies: 18 / Views: 3,088 |
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Pillar of the Community
United States
4692 Posts |
Hawking $20 double eagles. "Solid gold". "Up $120/oz since Jan 1st."
Solid gold, not. 90% gold.
They show a chart from Jan 1 - Jan 21 and use that as a basis of up $120/oz. Deceptive at best.
Amazing that there are suckers out there who buy this, and they don't get shut down.
Oh no, now they are saying 1987 clad proof sets are selling up to $240 so their 1987 prestige sets at $29.99 + S&H are such a great deal (nope).
Just learned that silver proof dimes sell for $20-30. Who wants some?
Edited by jimbucks
06/12/2015 03:05 am
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Pillar of the Community
United States
4963 Posts |
I saw a guy on craigslist selling his 1894 NGC MS-64 Double Eagle. Seems like for that good of a coin, he would know better than to say "1 oz. pure gold'. His price wasn't awful, but still...
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Pillar of the Community
United States
1704 Posts |
Quote:
I saw a guy on craigslist selling his 1894 NGC MS-64 Double Eagle. Seems like for that good of a coin, he would know better than to say "1 oz. pure gold'. His price wasn't awful, but still... It was most likely stolen. If the coin on Craigslist was the actual owner he would have known it was not pure gold. I would call the police and report the coin as suspicious and why I thought so and let them decide what to do. No direct mention of it being stolen but if this guy knew anything about coins he would know it was not 1 oz pure gold. |
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Pillar of the Community
United States
1704 Posts |
Quote:
Hawking $20 double eagles. "Solid gold". "Up $120/oz since Jan 1st."
Solid gold, not. 90% gold.
They show a chart from Jan 1 - Jan 21 and use that as a basis of up $120/oz. Deceptive at best.
Yes, it is deceptive but these guys know what they can say and still not be actually lying. The $20.00 double eagles are solid gold technically but they are leaving out that they are 90% not 100%. Because they make no claim what the purity of the coin is that is how they can get away with it. Their lawyers are very good advising what they can and cannot claim about the coins to avoid false advertising lawsuits. |
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Pillar of the Community
 United States
4692 Posts |
Gyrene, you may be technically correct, but as far as I am concerned they are liars.
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Moderator
 Australia
16826 Posts |
A $20 gold eagle is indeed "solid gold" as opposed to "hollow", or "electroplated". But apart from that, "solid gold" does not have a legal definition - so they're free to use it.
Telemarketers are usually very good at being deceptive in perfectly legal ways.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
United States
20753 Posts |
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A $20 gold eagle is indeed "solid gold" as opposed to "hollow", or "electroplated". But apart from that, "solid gold" does not have a legal definition - so they're free to use it. Now that is interesting. I never thought of the fact that Solid Gold really doesn't mean much. True it could be Solid 50%, 25% or even 10% Solid Gold. Could just as well be 100%. Just one of those things people just don't realize. |
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Valued Member
United States
172 Posts |
Just for the record, what is the gold karat content of a 90% gold item? I know that .999 is 24 karat, right?
And yes, I am aware that karat is a jewelry term, while be collectors use the simpler percentage measure.
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Valued Member
United States
172 Posts |
Edited by KevinH
06/13/2015 12:00 pm
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Pillar of the Community
United States
1704 Posts |
Quote:
but as far as I am concerned they are liars. I did not say they were not liars just that they are pros at skirting the truth enough to get the uninformed to buy their overpriced coins. In my opinion all telemarketers are unethical scum regardless of how well dressed the men are or how pretty the women are and which channel they are selling their wares. |
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Pillar of the Community
United States
2540 Posts |
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Pillar of the Community
Canada
3692 Posts |
22K is .9166, not 92.5 as stated above. Karat is determined as parts per 24. .925 would be 22.2K, but few people use decimals for karats, better to just say .925 fine. At most one could say that .925 is at LEAST 22K.
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Pillar of the Community
United States
1158 Posts |
So 10K gold is only about 40% gold? I think I'm going to start calling my 40% Kennedy halves and Ike dollars "Solid 10K silver". |
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Pillar of the Community
United States
7390 Posts |
10k is 41.7% gold... on European jewelry that's how they stamp gold...
10k= 417 or 41.7%
14k= 585 or 58.5%
18k= 750 or 75% gold
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Pillar of the Community
United States
1158 Posts |
Well I did say "About" 40%. Should I call my 40% silver 9.6 Karat instead?  |
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Moderator
United States
188213 Posts |
I think Cascade was just providing more information. I do not think he meant to offend.
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Replies: 18 / Views: 3,088 |
Posted 06/12/2015 03:27 am
