Guy Tries To Sell 1oz Gold Coin For $25 And Fails.

Well would you buy something off somebody you had no idea who there are and no way of checking its authenticity of the item they were selling?

Frankly, Mr. Dice comes off as very arrogant.

The fact is not everyone collects coins or even gold coins for that matter. And if they don't, why should they know the price of gold, whether or not its a good deal and how to authenticate it?

For example, I'm a coin collector, not a violin dealer. I don't know a cheap violin from a Stradivarius. If I were approached by a man trying to sell a Stradivarius at a ridiculously low price, I wouldn't know the violin's true price or even if it's real.

And even if there was a music instrument dealer nearby to authenticate and price it, I would still suspect something was not right with the deal (i.e. - it's stolen).

We, as coin collectors, have spent many hours learning how to deal in coins. Our goal should be to educate, not to lord over that knowledge simply because we know something they don't.

Would you buy a Rolex that way?

I collect as a hobby and look at coins or read about them for nearly 2 hours every day and I don't see enough gold coins to spot a fake.

If that coin was for real -- why didn't that guy just go in to the coin store and sell it himself? People should be suspicious of that itself.

It's too bad he didn't stop someone who WAS a collector!

I doubt it. I was wondering that as well.

I think he does a pretty good job of illustrating that most people know if something sounds too good to be true, it probably is. He does other videos on youtube which you may or may not like depending on your views.

Agree with Steele