I ran across this tonight and thought it may be worth a shot posting here. There are others of his involving silver bars that you can watch with similar results:
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Granted, being filmed makes you suspicious, but if one knew the value of the coin, exceptions could be made, especially with a dealer/buyer so close. What would you have done?
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
I think this guy has done a series of these, or others have done the same thing. It certainly gives the impression people have no clue. I mean this guy even asks people to go into the shop. If only I could be approached with an offer like this!
I have seen this as well. But in all honesty I know what a GML looks like and its worth. If someone stopped me on the street and asked me to go inside a shop on my own, I would say no as well.
I would also assume it is fake because no one in there right mind would give it away instead of going into that same shop and trading it in them selves for more money.
The only reasons someone would do this is because it is stolen and doesn't want to be seen and possibly be ID by shop keepers.
Quote: If only I could be approached with an offer like this!
Me, too! All I get is people asking me for money (and sometimes giving), not people offering to give me money.
Quote: Videos like this are heavily edited and only show the folks who make the host's point.
That's very true. I didn't post it as a legitimate scientific experiment, so take it for what it is.
For what is shown, though, I was surprised by the reactions of many people of all ages. I believe many of them were thrown off by it being a Canadian coin and also having a $50 face value. The face value put on bullion coins is an odd thing and for non-numismatists unfamiliar with the practice, it may raise red flags.
Quote: 97% are clueless! Tell me I'm wrong
I don't know about a specific percentage, but I can't tell you you're wrong.
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
Quote: The face value put on bullion coins is an odd thing and for non-numismatists unfamiliar with the practice, it may raise red flags.
Is the face value placed on a gold coin really that odd? It's been that way for hundreds of years, using US gold as an example. It's just that today, folks use plastic for purchases, and gold hasn't been money for decades. That $50 is just a symbol, and a reminder of how much our paper dollar is really worth.
My 97% number comes from my personal 'survey' of friends, family and co-workers'
Thanks for posting Spruett001, I like those Mark Dice videos.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
In the sense that no one would spend a $50 gold coin for $50 in goods or services, yes. But doesn't the government see some kind of seigniorage from the absurdly low face value, or is all of that "value" swallowed by the price the government paid for the gold in the first place?
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Posted 08/01/2018 11:26 am
and magnet... Oh, wait, where's he go...? 
