OMG the lack of actual facts spitting outta these guy mouths on the csn just watched them try to sell a set of silver eagles for a insane price
Manipulating the facts to sell things for an inflated and egregious price could be considered a scam.
I am a mechanical minded fellow. I do not understand the workings of the digital age...... I find it funny that the couple of times I tried to tune in CSN on my cable box. It freezes up. I have to totally reboot the thing after tuning that station in. I interpreted that as a divine message.
Yes it is a scam. People are buying these products, with the incorrect idea it is a good investment, will go up in value, etc. Selling something for more than it is worth, and devising ways to make the product sound attractive is just fancy story telling. It is a lie, it is a scam, they are lowlifes, they should reopen Devil's Island for them.
I know who you are talking about. Yes, I think it’s a scam. No, he is not doing anything illegal. Legal, yes. Ethical, absolutely not.
The TV huskers are not running scams. Nothing they say or do on those shows is illegal--nor should it be. Are they ethical? Not in my opinion, but my morality is different than theirs--or yours. Bottom line... There is no way to legislate stupidity out of people.
They cater to the elderly who would have passed it by when young, as many think it would be an inheritance for kids, grandkids, possible spouse(s) in some cases, etc. It is not just the coin hucksters, they do it for jewelry ( only 500 left, now 400, ...., any timed event so they can't think. Legal, but they wouldn't like their mother to watch and buy.
"There's a sucker born every minute"- P. T. Barnum I have watched these coin shows since 2011, when I started organizing my collection. One good thing that happens from watching is it teaches you what hype is all about and what to be wary of, as applied to coins, currency and exonumia. Spark
I'm still waiting for couple examples. I don't think CSN is a regular channel. It's like short coin offerings usually in the middle of the night. They appear on other channels, buy air time or something.
Early this morning, HSN had an “exclusive offer” — the 2018-s American Silver Eagle proof in a numbered PR70 ANACS slab for $179.95. Guess Mezack bought them at the ANA show. Has just under 2,500 of them. The coin — with unlimited mintage — goes on sale on the Mint site Tuesday for $55.95. That fact wasn’t mentioned on TV, of course. So, is the lack of facts, as the OP asked, a scam? Not legally, but ethically, I would say.
CSN is an infomercial which is Mike Mezack’s secondary spot. He presides over the HSN skinnings of coin buyers.
So ALL advertising is a scam because at heart that is it's entire point, to make a product sound good or better than another choice.
Grow up guys. You can't save the world. Folks are gonna do what they want to, and when tempted, they sometimes bite at a bad offer. I can't save the fellow who thinks he's gonna make a profit on something that a snake oil salesman is selling on TV. That person has to save him/her self, by educating themselves. That's the freakin' trouble today.........everybody trying to save everybody else. Whatever happened to individual responsibility? Buy at your own risk? No safe harbor guaranty? This sort of thing dates back to Babylonia and before..........