Is it me or is anybody else noticing more coin/currency advertising in the media lately? I have seen ones in the newspaper (4 Morgan's for $99), Currency in the newspaper, gold clad nickles on TV. Why all of a sudden. Does not matter I would never buy based on that. I like either buying from someone I trust like Arizona Jack (wish he would return) ot from my local coin shop.
I've seen a lot more gold shops opening up and TV ads for such I've seen a lot more gold shops opening up and TV ads for such. I'll keep it mind if I think I see more for other coins.
yeah me too...I noticed that also. Gold is hot right now, silver seems to be going up too. If I was smart I would sell all my gold coins, but I cannot ......I'm a collector, er, accumulator. It's hard not to sell though one of those fractional buffalo 1/10 oz's I paid $126 for from the mint now going for through the roof on ebay...its alot of profit.
A lot of these ads are for sale of coins and are, well, hmm, what can I say, er, interestingly worded. I think that will keep me and us out of trouble. I would be very careful about these ads and I advise others to read them carefully. "Worth their weight in gold," for example, is an opinion, not a fact. If you know what I mean... Also, "Very Good to Very Fine Condition" is not a well known phrase to the general public, who would interpret it differently from the way we would. One local buyer has been saturating the television market with ads inviting people to come in with old gold, jewelry, and "Grandpa's old coins." I know that the TV market is not robust right now, making these ads pretty inexpensive, but still, they've got to be paid for... we can do the math. Let's be careful out there.
Nobody ever got a good deal on coins from a tv or newspaper advertisement. That's a fact I'll stand behind. Guy~
Yep, I sold most of my gold and channeled those profits into other "high potential" numismatic items. Not only has the rise in gold made it more profitable to advertise more, but so too, has the increase in the number of novice collectors brought in by the new mint programs.
I was in my local coin shop a few months ago, and overheard a guy trying to cash in his slabbed silver eagles which he had bought on TV. The shop owner said it in the best way that he could that the coins were worth little more than the ungraded ones he was selling for $18. I felt bad for the poor disappointed guy, but was also impressed at the way he was not offended at the carefully worded offer from the shop owner.
Famous old saying pertaining to what your noticing is Jumping on the Band Wagon. If you think back when VHS tapes first came out, stores, shops, etc all over the place opened up. Then out came Beta tapes. All came crashing down when the big stores started to carry them. Then they too had a loss when out came those CD's and DVD's. Remember Beanie Babies? The newsmedia, shows, stores and even on TV everyone was talking about and selling them. Coin collecting has been going on for thousands of years. However, our Mint just did what the government did with USPostage stamps. Those too were a sort of great hobby. Then out came numerous varieties and the average person just gave up. Now your seeing the start of that with coins. A tremendous temporary increase in sales and interest everywhere due to the State Quarters. A few of the Mints other attempts failed. The Bicentennial Quarters and those silly varieties in the Jefferson Nickel. For right now this massive large variety in commemoratives, State Quarters, the now 20 variety of Lincoln Cents for 2009, have all created a similar surge in this hobby. I really hope this hobby doesn't go the same way as USPostage stamps, Beanie Babies, sports cards, Hot Wheel cars, etc.
I'm with you on this one, Carl. It seems a little overwealming having two different dollar coin series, one changing yearly, the other quarterly. Then there's the quarters...I was hoping for a little break! All they really need to do is redesign a coin, and leave it alone for a couple decades, and I'd be good with it!
Agreed, ive debated on ditching my state quarters themselves cause I really dont care about them nor look at them. They're all D's anyways as P's are hard to get in L.A., least to me. I do think the main circulating coins are due for a design change, so sick of them it isnt funny.:headbang:
Cant collect everything thats why I am selling off my presidential dollars and doing something else like by a Morgan CC with the money,hya: Or drive over to Lake Charles and do a little drinking and gambling.
