American Eagle 2019 One Ounce Silver Enhanced Reverse Proof Coin

Yeah. I just feel bad for someone who just wants one for their collection and spent the better part of their lunch break to find out that there gone in a few minutes

 

Log in or Sign up to hide this ad.

Now that honestly cute

 

I like that.

 

Don’t know what the deal is, especially with the holiday shopping season, but Mezack said in early November that he wouldn’t be back on HSN until after the first of the year. Strikes me as odd.

 

Because of $ - even if he paid people $500 for the coin and slabbing fees at $1500 per he's coining it

 

I'd guess at this time of year HSN can do a much higher volume with shorter show segments on many other products. Not to mention the huge market things like clothes/electronics etc are much easier to run Christmas specials with

 

Strikes me like Mezack has more than the 992 coins he’s touted on CSN. But how much biz does CSN actually stir with their middle of the night infomercial?

 

I'd sure hope he didn't get 100% 70s from ANACS so I would assume he has more.

No clue for revenue on CNS other than enough to be worth it to keep doing it.

 

The guy I sold 8 to ended up getting 150 total.. and two signed ones! Now I'm kicking myself wondering if I sold him a signed one....

 

Damn

 

Unfortunately, the ultimate losers will be the retail public and some impulsive collectors, not the speculators and greedy dealers.

 

Considering CSN consumer reviews, I’d be reluctant to send them two quarters for the parking meter, much less $2,995 or $4,995 for the reverse proof.

 

CSN buys during most hot releases and pays up.

Most flipper wannabees sold way to early. These were easily pegged for $1,500 + plus sealed. But not even 2 weeks post release people were dumping.

 

I did not get one of these but I tried. I had mine "flipped" for $400 over cost if I had. There are two kinds of "flippers." Those with moral character and greedy slimeballs. If I had won, I would have honored my commitment no matter what the coins were going for. In fact, an acquaintance honored her commitment and sold the coin she won for $200 over cost.

I heard that many flippers did not honor theirs. Easy to do. Just say you didn't get one.

 

That's his yearly routine, to come on at New Year's and sell the new year MS70 & PF70 ASE's, plus whatever else he's trying to get rid of.

 

Friends don't let friends buy coins on HSN.

 

CSN...I record the shows (Im on east coast) and then just buzz thru them; hoping to catch something interesting. I dont understand how he can get all these MS70 coins (ANACS); such as this new Eagle, the Limited Edition Proof Set, Innovation $$, etc, to name a few of the recent releases. He sells an Innovation $$ set MS-70 for $150. On eBay there was 1 NGC MS70 set for like $2K or more. He touts that the NGC set was $12K. I never could find that; just as I can never find these MS-69 ASE's he claims cost hundreds when they are like $50 or less! I know I just threw a lot out there - but...I just dont "get" a lot of this stuff yet.

 

I do the same thing, I don't get it either!

 

Probably not, since the math works out to about a 2.64% chance (roughly). To calculate this, it’s easier to calculate the probability of not having a signed COA for each coin, multiplying them all together, and then subtracting the resulting number (the probability of none of them having a signed COA) from 100%. having The following equation can be used for a rough estimate that slightly underestimates the actual probability (but is easier to quickly calculate). Let the chance of having at least one signed COA be C and let X = 8 (number of coins):

C = 1-(29900/30000)^X
C = 1-(29900/30000)^8
C = 0.026358 = 2.6358%.

The reason this slightly underestimates the probability is because each successive coin you incorporate into the calculation has a slightly lower probability of not having a signed COA (or in other words, each successive coin you randomly draw has a slightly higher probability of having a signed COA). This is because drawing coins without signed COAs increases the chances of future coins you draw having a signed COA. I believe the most accurate formula that accounts for this would be the following (where ! is factorial, i.e., 4! = 4*3*2*1):

C = 1-29900!/(29900-(X-1))! * (30000-(X-1))!/30000!
C = 1-29900!/(29900-7)! * 30000!/(30000-7)!
C = 1-29900!/29893! * 30000!/29993!
C = 1-(29900*29899*29898*29897*29896*29895*29894*29893) / (30000*29999*29998*29997*29996*29995*29994*29993)
C = 1-0.973639
C = 0.026361
C = 2.6361%

As you can see, the first approximation is pretty close to the most accurate approximation and is much easier to calculate. The difference between the two becomes more pronounced with the more coins you buy. For example, it would be more worthwhile for someone like Mike Mezcak to use the second formula since he has nearly 1000 of them.

 

Whew - Im glad its not just me