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Stupid Investment Of The Week

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SDcoinguy's Avatar
United States
2424 Posts
 Posted 05/11/2010  12:34 am Show Profile   Bookmark this topic Add SDcoinguy to your friends list Get a Link to this Message Number of Subscribers
just thought Presidential dollar collectors might get a kick out of this one...

http://www.marketwatch.com/story/do...r-2010-05-07
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Scooby Due's Avatar
United States
4000 Posts
 Posted 05/11/2010  12:40 am  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
I especially liked the part:

"That's one way to look at it. Another is that you are paying $34.95, plus $4.95 for shipping, to get 12 bucks."

And "You do get a box".




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SDcoinguy's Avatar
United States
2424 Posts
 Posted 05/11/2010  12:42 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
... its mahogany...
Valued Member
L1011's Avatar
United States
300 Posts
 Posted 05/11/2010  12:50 am  Show Profile   Bookmark this reply Add L1011 to your friends list Get a Link to this Reply
I've seen those ads, the "golden dollar coin" I wonder how many fall for that? probably a lot
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jedichef's Avatar
United States
781 Posts
 Posted 05/11/2010  03:45 am  Show Profile   Bookmark this reply Add jedichef to your friends list Get a Link to this Reply
i see this infomercial all the time. it drives me nuts.
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rggoodie's Avatar
United States
23484 Posts
 Posted 05/11/2010  08:00 am  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
I do not collect State Quarters or Presidential dollars.

I do get the Presidential dollars at the bank and go to local retailers to spend them just to see the perplexed look on the cashiers faces.
Then I get to explain what they are.

It just drives me crazy that those who handle money for a living do not know what is in circulation!



If I want a gold dollar this is the one I would prefer and I would be very willing to pay more than $6 for it

Stupid-Investment-Of-The-Week
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j_h_s's Avatar
United States
1934 Posts
 Posted 05/11/2010  08:07 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
On an extremely rare occasion, I fell asleep with the television on the other night. I woke up at some-wee-o'clock hour with the Danbury Mint infomercial droning away in and at my psyche.

ugh and yuck and worse than QVC and that lot.


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eaglefoot's Avatar
United States
6326 Posts
 Posted 05/11/2010  08:10 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
This infomercial is funny too, in the sense that they don't even bother with other kinds of coins to gouge you on ! It's ONLY Presidential dollars ! ....
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United States
1026 Posts
 Posted 05/11/2010  08:18 am  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
WOW places like this should have charges brought against them.

I still remember the wife paying on the HSN like $500.00 for a Sacagawea collection for me for Christmas it was the thought that counts but still makes me mad at how these people rip people off.
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jbuck's Avatar
United States
187702 Posts
 Posted 05/11/2010  11:49 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It is nice to see someone in the media writing about such worthless things and calling them what they really are.
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arthrene's Avatar
United States
1713 Posts
 Posted 05/11/2010  1:08 pm  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
When I came back from the Philippines, my grandpa (who actually got me started on collecting) excitedly told me that he had purchased the complete state and territory quarters, uncirculated, with albums for each of his 12 grandkids for Christmas. He spent over $1000...
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bocephus's Avatar
United States
35 Posts
 Posted 05/11/2010  7:46 pm  Show Profile   Bookmark this reply Add bocephus to your friends list Get a Link to this Reply
What channel are the coin infomercials on?
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Silver Eagle's Avatar
United States
858 Posts
 Posted 05/11/2010  9:22 pm  Show Profile   Bookmark this reply Add Silver Eagle to your friends list Get a Link to this Reply
I saw this article at work today and had to agree. The way these coins are mass produced, they will most likely never be worth anything more than a dollar. It is better to get them at face when stopping by the bank.
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Halfwitty's Avatar
United States
1523 Posts
 Posted 05/11/2010  10:11 pm  Show Profile   Bookmark this reply Add Halfwitty to your friends list Get a Link to this Reply
As P.T. Barnum said.
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Billie's Avatar
United States
592 Posts
 Posted 05/11/2010  10:43 pm  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
This article should be required reading for new collectors.
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Scooby Due's Avatar
United States
4000 Posts
 Posted 05/11/2010  11:38 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
bocephus, you see them on HSN and a couple others, actually. They're really quite disgusting when you know what's going on and the people they may be taking advatage of. Especially when they sell plated coins, which is ultimately PMD IMO.

And, that commercial with the gold buffalo with "copy" so well hidden in the indian's feather where they can only guarantee the price for one week, for about 6 months now, really makes me sick.

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