Ebay mistake costs big money

A comment on ANACS HOF graded coins, and in-depth look at another possible reason TV hucksters charge so much.........

I'd tend to agree IF these coins were holdered by NGC or PCGS, but not ANACS. You KNOW an ANACS won't 70 at either place (unless it's one of the few truly 70's they get), or their standards have become 'on par' with either of those 2 TPG's. And, if crossing, and you DO happen to hit the jackpot, and the ANACS gets an NGC or PCGS 70, you lose the First Day Mintage, or whatever ANACS has on the holder...and '1 of 2,014' on the label....if that doesn't try to make a caller think there are ONLY 2,014 of them, when, in fact, they only make that 'run' of coins to 2,014, due to the year it's put out, 2014..if that isn't a blatant attempt at deception, then I lost my ability to read people, AND to 'read between the lines'. That Mezack guy takes 'overexageration' to the Nth degree!

Also, I believe I read (on another forum), the TV 'coin hucksters' also have to pay for their airtime. I am only certain in one instance...the recently deceased Robert Chambers, either he, or the company he represented (though, in one article, he was referred to as 'the owner' of the company, 'TheCoinVault ), 'TheCoinVault', currently shown on DishNetwork, ch. 125, I believe...we have Comcast at home, but Dish at our NH place, and I DO watch it late at night, there.... apparently, they pay for airtime to hawk their goods, the stock not owned by the station, but by the guys hawking it, or the companies they work for, so the SilverTown rumor, see next paragraph, rings true.

If, in fact, he WAS the owner, it wasn't as if he was just 'the voice' of the company (another rumor, that makes more sense than not, was that his inventory was basically supplied by SilverTown, but early on, he was working FOR Lewis Revels of Chattanooga Coin, early early on when most of what they sold was raw junk, at the now defunct ShopAtHome. Now, TCV is located in Nashville, TN...Chattanooga Coin in Chattanooga, GA...Chambers kept it in the South, as ShopAtHome was in Knoxville, TN, so Chamber's may very well have begun TCV after leaving Revels...Revels always had the nastiest nails, don't know how they could show his hands! lol) ). But, Chambers was more than likely the owner of a coin company that sold TONS of coins, not to mention the amount of bullion they sold. Again, this claim he was owner, was never backed by solid proof, and was 'hearsay' on the 'net, but it DOES make sense they pay for the airtime, if they are using a 12 hour block, as 'The Coin Vault' does on Dish...and the claim of his ownership was written from a T.V. news broadcast source, who need to have reliable sources).

With that said, and assuming it is correct, who knows how much they could be charged, hence another need for higher prices?? That's 12 hours, and they do it a few times a week, not to mention they do smaller block time shows...that COULD be a lot, but on the stations they've been on, who knows. And, a picture of Mr. Chambers and his wife-drink in hand, and looks to be a very good looking woman, in the pic-, AND looking HAPPY..(a dead giveaway there's $$...lol)...judging by the part of the house shown, all her 'bling', his casual, but obviously Tommy Bahama wardrobe...and them both looking genuinely happy, they looked like they were more or less pretty well-off, at least not anywhere near financial straits, but that's my impression, anyway).

And, one basic point we all need to remember about TV guy's and their coin prices.....NOONE'S holding a gun to the head of those who DO buy from them. NOONE'S TELLING/MAKING them pick up the phone (unless they hear voices anyway, as a general rule...lol). And, obviously, there are A LOT who DO pick up that phone and order (or on the 'net, but I'd wager more than 70% of their business is from the phone during the airing of the show), or they wouldn't be on the air. If you think about it, they do nothing worse than what Coast to Coast Coins, or Paul Sims, or any of the other BIGGEST advertisers in CoinWorld do..2 big dealers not even members of the PNG or the ANA...that's telling something (I don't get NN, but I imagine in that publication, they are the biggest also...and those 2 ARE the biggest advertisers in CW...though C2C's son is now taking big ad space....is that just coincidence, or to give them a fresh start and maybe look better than they did/do?). But, as I said, the TV guys do nothing worse than what those CW advertisers do, except for those damn gold and platinum 'layered' Statehood Quarters! I do NOT condone it, but there are circumstances that force them to be higher.

 

Log in or Sign up to hide this ad.

I have to say that companies like Heritage with their permanently open and free auction archives and photos of hundreds of thousands of rare coins that have already sold are also a tremendous asset and boost to the hobby. There are other alternatives to eBay and you can get some good deals if you stay away from the herd. Not to mention all the private dealer sites of which mine is only one of hundreds.

Best Regards,

George

 

The term "naïve collector" is a presumptuous term since some "seasoned collectors" are willing to pay obscene prices just to get "what" they want "when" they can afford it and just "because" they want it.

Personally, I have been know to fork over some serious money simply for a couple of reasons:

1. I know that I may not have to opportunity to purchase the coin again.
2. I do not have the ability to get the label that I am collecting
3. If I have the ability to get the label, I may not have received a high grade example from the mint that will give me the grade I am desiring.
4. I have already committed myself to collecting a specific set and am willing to take some knocks for the sake of completing the set.

From an "outside" perspective, people do some crazy things but "to them", its not crazy. It just makes sense "to them" for any number of reasons.

I do not see it as "taking advantage of naïve collectors". I see it as something that ALWAYS happens as people are taking advantage of "opportunities" which exist with in the hobby.

It certainly is not something that is new (although it happens much more quickly today due to the internet than it did in the past) and it is NOT something that is going to go away.

You can either swim with the wave and make it to shore by getting off at the right time OR you can try to stay with the wave and end up crashed on the shore.
--OR--
You can stand on the shore, watch what happens and then make judgmental and critical calls over what you saw.

 

Well said, Lee.

George

 

--OR-- you can be devoured by sharks trying to do either of those water-borne approaches... by golly, don't you know the coin industry is full of predators looking to score!

 

Maybe this is another reason I like the hobby. Its one of the purest expressions of unadulterated capitalism there is. Capitalism is not the holy grail like the right thinks, nor is it the devil incarnate as the left feels, its both. You need to pay attention, be alert, and act when appropriate. It is another aspect of the hobby that makes it fun.

 

I will gladly buy the coin for $500.

 

how can that possibly be a smudge? coin collecting is becoming a dirty hobby

 

EVERY BUSINESS is full of predators looking to score!

$15,000 handbags
$2,000 Shoes
$5,000 Suits
$125,000 Automobiles
$500,000 Homes
Last but not least
$4+ per gallon for gasoline

Opportunity exists with EVERY coin offering. Whether its a limited edition coin or just a run of the mill MS69 Kennedy Half Dollar.

 

I don't know about you boys but I am taking this one out of the oven and marking it done.

 

That's how I do it!! I've boycotted ebay long before I got real serious about collecting coins again actually you can credit ha with lighting my passion again when I clicked on one of their ads and started seeing coins that just didn't show up local. Since then I've bought a lot of really nice coins (at least I like them) all have come from ha stacks dealers especially dealers I've met thru ct and local estate sales (how I used to buy before discovering ha etc) not one of my coins have come off feebay and I think I got some real decent stuff if I do say so myself

 

I disagree with this quarter guy. Perhaps this holds true for rare coins but I sold 14 HOF golds recently and offered no refunds. I had the high selling price of $860 until recently.