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Posted 09/29/2016 11:56 pm
Quote:
Commems, the problem isn't that some huckster is destroying our numismatic heritage by paining on (or applying a sticker to) a common coin.
The problem is someone is touting this as an "investment" or "collectible" worth $50. And once someone gets burned like this, they shy away from our hobby, which is NOT what we want.
Commems, the problem isn't that some huckster is destroying our numismatic heritage by paining on (or applying a sticker to) a common coin.
The problem is someone is touting this as an "investment" or "collectible" worth $50. And once someone gets burned like this, they shy away from our hobby, which is NOT what we want.
Common non-colorized US coins with no future potential for ROI are constantly being touted as investments via home shopping shows, mass mailings, credit card inserts, etc. They are sold for prices far in excess of their true market value and are hyped beyond belief to unsuspecting collectors and/or those seeking "investment opportunities."
Such practices do far more damage to potential collectors and our hobby than the limited number of colorized coins that are produced and sold. I'd rather pay $50 for one of these colorized ASEs than spend $100 on one of the common date Morgan dollars that are constantly being advertised and promoted on TV.
I'm not a proponent of these aftermarket products, but I've come to realize they cause very little damage to our hobby in comparison to the many TV and mail order coin promoters that prey on those with limited understanding of what they are buying.
Potential hobbyists are being "burned" on a regular basis. It's very unfortunate, but it's reality -- and the main culprits are not colorized ASEs. The best thing we all can do is take the time to educate others and help them avoid purchases they may one day come to regret.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
