Guy selling coins on HSN ripping people off!

I love this show!!!! It's fun to see how far they will take the story to sell the coins. I think it's fun to watch, but I realize how over priced the coins are and I also like to guess what their final price might be. I love it when Barry looks pained when he starts lowering the price on the coin being offered.

As for Rick T., he is the most egregious coin pricer on the show. The premiums he wants for his coins is outrageous. I do learn a lot about modern halfs from him, but can't justify paying for the coins he's hawking.

This weekend, they were selling 1924 $20 St. Gaudens, MS66 for $3295. It was a taped presentation from 2009! They were mentioning auctions that had just completed at Heritage and I saw the close Date of Dec. 4, 2009!

I still find this show highly entertaining and will flip to it on weekends during the commercials of the football game I'm watching. I will admit to learning things about stuff I don't collect. Like the condition rarity of the 70-D Kennedy.

 

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I'm with you jpcienkus. I want to collect the presidential first spouse medals after this but not buying from them though.

They always yank out the eBay papers and are like this person so and so is selling this item on eBAy for this. But if you look closely it's always buy it now auctions and you can ask anything you want in eBay doesn't mean your going to get it. They never show live examples.

 

That's not just on TV, I have met Rick and tried to buy coins from him, but his prices were way too high. I eventually found the coin I wanted from him for about 1/3 of what he wanted for it.


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Thanks for the laugh!

The reality is that folks who watch these channels (such as the op cough cough) are simply folks with nothing better to do. Maybe they're unemployed and looking for the next big deal? Maybe they just happened across the channel while surfing? Maybe the title caught their eye and given the collection their dad, granddad or whomever, made them think that they'd like to collect coins?

Maybe, they don't care if they overpay? Maybe their too lazy or afraid of eBay or coin dealers to actually research what they are buying?

But whatever, there is obviously a huge market as these shows continue to show up despite their overpriced and supposedly good investment merchandise!

It is a free country and its my choice on whether or not I want to pay $28 for a Silver Eagle or $128 for the same thing in a fancy slab with a serial/certificate number that's in "perfect" condition.

Eliminate Free Enterprise and things will definitely come to a screeching halt.

 

Ir maybe even a 68 from a 69.

How many folks can tell the difference between a 63 and a 64?
55 and 58?
65 and 66?

 

Actually, believe it or not, they created a "Market".
The EXACT market which brought a lot of posters onto this forum.

 

Likewise, if a new car automatically LOSES value when you drive it off the lot, why does ANYBODY bother buying a new car??

 

If everyone could tell a 67 from a 68, then who would need the grading companies?

 

And if you resubmitted the 70's, you would probably find 50% of them would come back 69.

 

Very likely the difference between a 69 and 70 is so nominal that is almost like a coin flip on the grade. That's why most people can't tell the difference except for the one guy in here who has superman x-ray vision and laughs at everyone else for needing glasses. It's also why they are a scam as they are so close and that is why it is so silly to pay a premium for it.

Say you went to a new car dealership and there was two cars exactly identical except the one had a scratch on it so small that you had to take a magnifying glass out to see it. Would you really pay a huge premium for the one car without the tiniest of tiny scratches that %90 of the people who walked pass it wouldn't even notice it including yourself.

 

It's also that nominal that the majority of collectors can't distinguish between the two. I know I can't.

 

HSN doesn't sell coins. They sell snake oil in the shape of coins - wealth potions. Head on down to the tent next to the accordian-playing Siamese twins, folks! Get the luxurious draft of prosperity you deserve ladies and gentlemen. Only one hundred dollars, you heard me right my friends!! Only ONE HUNDARAD DOLLARS!!!

 

Madmarti/ BU

Distinguishing between a 69 and a 70 is so easy even a caveman can do it.
Todays lesson includes the first two things I do when screening modern coins to submit.

1. look for frost breaks.
2. check rims.

I'll save a couple more for tomorrows lesson.

 

This thread is great, I always watch HSN coin vault for entertainment only, I DVR it and watch at my leisure, I love it when he repeats his phrases 2 or 3 times in the matter of second..."and folks don't forget we include the red oak presentation box, which by itself is worth half of the asking price tonight, and that is empty and is a top customer pick"....hahahahahahahahahahaha!

 

I don't always show off my $99.95 2014 ANACS MS70 FDOI Silver Eagle Dollar Coin (limited numbered edition of only 16,991), but when I do I choose to display it in an HSN red oak presentation box (a top customer pick).

 

I do exactly the same thing, jimfan! I DVR it and watch when I want.

I have as yet no empirical evidence to prove it, but doesn't storing your coins in wooden boxes tone them?

I also invented a drinking game to play while watching. You do a shot every time he says "rarest", you do one every time he says "150 million Americans collect coins" and every time he repeats himself, (which he does OFTEN to emphasize things) you have to drink twice. There is also the added rule that you can't use the restroom while the gold-plated statehood quarters is on the screen. It's fun!

 

if anyone played by those rules, there would be a massive increase of alcohol poisoning deaths that night

 

it's definitely not a game to be entered into lightly

 

I like how they say "sold out limited edition". Even a coin with a mintage of 100 billion trillion is limited edition. There's no such thing as unlimited or infinite.

 

oh, yeah and you drink every time he says "Sold out limited edition" LOL