If you think you have seen it all, last night they were selling the 2006 mint set for $39.97. This is the same set you can buy from the mint for under 20 dollars. Do people not know the mint sells these item to the public. They should use a gun when robbing newbies of there hard earned money. One more thing can that one pitchmen who seems to be in charge get anymore grease in his hair. I just had to get this off my chest. I believe these coin shows on TV are really hurting the hobby. MIKE
Some of the best comedy on TV today. I watch those things every chance I get... We only have 3 left!!! Call now! :mouth:
The truely bad thing is yes people believe what the media says/sells. I'm sure there are enough people out there that don't know the facts about coin collecting or really what coins should be worth to keep "shop at home" business in the money. I for one never thought I could purchase most of the coins I have today with out selling the farm to afford it. The more you study or learn about this hobbie the more you learn "the Truth". There will always be opportunist that pray on the unknowing. I'm going now to see if I can get one of those last three for sale----NOT.
Not that I'm defending these people but it seems to me they would not be able to get away with it unless their buyers were lazy, gullible, stupid, greedy or all of the above.
One of my character flaws is defending the underdog, so I'll jump in and defend the shop at home shows. Their audience isn't necessarily the collector base. I'm sure that they know that collectors know that the coins can be obtained elsewhere for less, and they don't expect active knowledgeable collectors to buy from them. But if grandma needs a gift, a coin or mint set might be just what she is looking for; and buying on TV saves a shopping trip. Plus, she can have it mailed directly to the recipient on the other side of the country. There are also a lot of people who watch those shows who are physically unable to get out of the house to shop for gifts, and/or who are not computer literate. So it isn't 100% bad. It's like selling beer at the ballgame. Everyone knows it's overpriced, but it's there when and where you need it.
LOL, very good point indeed, but did you ever try to bring your own grill and package of Ballpark franks to the game?
While they last! robert [sell rotten apples ] chambers could sell a infimed person anything and hold a puppy . your point about providing a service is very well taken and profond but my feeling is he is between a vulture and a shark redhorse
Well done Cloudsweeper! Between these people and eBay they are bringing more people into a stagnant hobby, that was virtually ruined for a generation by baseball cards, than the ANA will in the next 25 years. It cost money to bring a product to market and inform the public and they are entitled to a profit.
As in Newbies or YNs? Okay, I suppose so. Still, they're getting a pretty valuable lesson for only $39-- buy the books first. And they can put the lesson to good use when they come back. And they will come back, they have no choice if coin collecting is in their blood. "...You can checkout any time you like, But you can never leave." Hotel California--Eagles :kewl:
Truthfully no many of the people watching and buy from those shows do not know that the mint sells them, or if they do they don't know how to get them from the source. And for everyone who likes to complain about how these shows overprice the coins. You would too if you were selling in the same venue. You woulld not believe the overhead to run one of those shows. For starters the network takes 25% of the gross right off the top. Then they have to pay for the air time (No the 25% did not buy the air time.) Then there is studio rent, and saleries, at union scale, for the on air talent, the producer, the director, two cameramen, a sound tech, at least one lighting tech, makeup personel, and probably at least one or two "gophers". With those kind of expenses it is no wonder everything tends to be marked up about 100%. You can't pay that overhead and still sell the material at the same price the guy who goes around working shows does.
True, but that is no excuse for the deceptive sales pitches. Let's face it, when you plate a coin you completely destroy the numismatic value. According to an article that I read, their platinum coated coins were analyzed by an independent laboratory and contained no platinum at all. Their sales pitches lead the average person to believe that they would be making sure-bet investments by buying what they offer and that is just not the case. However, that's only my opinion (except for the statement about the platinum - that is fact), and everyone is entitled to their own. Steve
You make a good point conder. I've often said "How can they afford to produce these shows?" I guess the answer is that there are alot of people either ignorant, or lazy enough, to pay their prices.