HSN Coin Collector Show Strikes again!

Not sure if anyone watched Mike Mezak on HSN over new years eve/day over his 9 or so hour long shows where they were hawking 2013 ASE's in ANACS MS70, they had a 2010 and 2012 ASE in the slabs, but creatively tried to keep the date hidden by the on screen graphics, but they managed to slip up every now and then where I could clearly see they did not have the 2013 in hand...Nice try...Not surprised PCSG or NGC was not involved in that, only ANACS and ICG would slab a 2010/2012 into a 2013 holder for sale. By the way,they were selling them for $109 in MS70 from ANACS with 4 credits to get 4 coins graded by ANACS for free...still not a deal!

 

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Yea, i watched him. He sure does have shiny fingernails.

 

Are you saying that if you ordered a 2013 MS-70 ASE you would actually receive a 2010 or 2012 MS-70 ASE in a holder labled as a 2013 ASE?

 

No, you would get a 2013, but they were representing as if they already had the 2013 MS70 in hand and showed a slabbed ANACS ASE labeled 2013 MS70, but the coin in the slab was a 2010/2012 and not a 2013, which I was curious how they would get them if they were not yet available, but they were beating everyone to the punch by selling them on new years eve...my only concern is how ANACS could grade a 2013 coin in MS70 when the coin inside the slab is not a MS70...False advertisement.

 

Did he advertise these as a "pre-sell"?

 

No, not once did they say pre sale, they referenced throughout the shows, what you have here is the brand new 2013 ASE's in MS70...I was appalled.

 

Unless someone here ordered and received the product in question, we can only assume and assumptions arent always good

 

I guess I don't have a problem with what ANACS did. I guess they are assuming they will be able to deliver the coins in time to do normal shipping timeframes.

Slabbed modern coins to me are more akin to Walmart merchandise than to a collectible in my humble opinion, so it makes sense normal marketing practices are employed.

I hold my nose and just think maybe a few people will be reached and turned into coin collectors by such shows. Yes, it sucks they overpaid, but that was by their own lack of effort of education and by not finding Cointalk.

 

Agreed...He was also selling 2012 S mint ATB's 2 sets of the 5 coins (5 in clad and 5 24K overlay)...for $30....Amazing, but made me really start thinking, should I pick up the S mint rolls for future rarity?

 

It's pretty much a given that anything they sell is going to be massively overpriced, they have a lot of expenses.

 

Very true, just like Littleton. This is why I don't like people really trashing them. Both of these places DO have massive costs, and with those costs are reaching out to people who may never otherwise know about collecting coins. Many collectors start out buying from WAY overpriced sources, but today are collectors. We simply have to come to grips that yes, its overpriced FOR US, but for someone who doesn't know better at least its getting them to be a collector.

 

I can't watch those 'con' shows anymore.

oops, was that a typo?

 

I think it could just as easily turn people away from collecting though too. Imagine someone spending thousands or even just hundreds of dollars at a place like this, then finally doing some research (or trying to sell) and realizing the value of their collection is actually 20-50% of what they paid for it. I'd imagine they might be pretty upset and just say they are done with it.

I find it unfortunate that people do buy from these places, probably a lot of older people too who don't know computers well and aren't putting any research into their purchases.

 

i won't tell anybody if you won't

 

I understand, and I have been there when people bring in huge boxes of Lilttleton stuff to shows to sell and get offered 20 cents on the dollar for it.

I guess I am comforted by knowing that at least SOME find the "regular" numismatic market and become one of us. For those who lose a lot by buying overpriced coins, they could have just as easily bought baseball cards, beanie babies, or commemorative plates. Commerce is commerce, we cannot prevent people from overpaying due to lack of expertise as much as we would like to.

 

I agree with everyone's view, the only issue I had was selling a slabbed 2013 ASE MS70 using a non 2013 coin, atleast wait until you actually have the coin, otherwise just announce this is a pre-sale and I would be fine with that, but I can help think they had a meeting and said you know how many people would never know the difference...I still enjoy watching the coin collector show on HSN, I look forward to the coin talk in general on TV, even if I would never buy the complete statehood collection colorized in a red oak presentation box, I also watch Coin Shoppe on ShopNBC, they usually have different things on there than ASE and quarters, but they are overpriced as well, but that is to be expected.

 

I watched his show also. Not once did he say pre-sale. I wonder how long those folks who bought the coin will have to wait before it's shipped. I was watching coin shop and they had a 2 1/2 dollar gold indian by ngc. I looked up the verify number and saw the coin was going for 480.00, they had it priced 242.00 more than that. Sigh. Reminds me when a friend of mine bought 3 2 1/2 gold indians for 2700.00. I told him he was getting ripped off. He didn't listen.

 

This is pretty much how I got back into the collecting realm recently. My mother overpaid heftily for the collection she built (well, hoarded really) by buying from a lot of these places since they were on TV, or were the Commemorative Society, or whatever she got in the mail, and yes, I do have stuff that came from Littleton also. However, because of all the stuff I have now, and the research I'm doing, I'm back into collecting and also getting my kids interested.

Without her uninformed, overpaying actions, myself and my kids might not be interested right now in coin collecting, so in that regard I think it's a positive.

 

Oh don't get me wrong, I'm all for a free market and wouldn't shut them down even if I had the ability too.

Still sad to see people paying double or more for something just because its on the teevee and they are uninformed.

 

First coin I ever purchased was a $5 Battle of Britain Commemorative Coin I seen in a commercial.