Are these coins worth buying?

15 coins for $60.00

Each 15-piece lot may contain any combination of the following:
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Silver coins, NGC, PCGS, ICG, and ANACS Graded Coins, U.S. Mint Sets, Proof Sets, Proof Coins, Commemorative Coins, Rolls of Coins, U.S. Currency, Silver Certificates, Silver “Barber” Dimes, Silver “Mercury” Dimes, Silver Wartime Nickels, Buffalo Nickels, Liberty “V” Nickels, Very Old Wheat Pennies, Indian Head Pennies, Ancient Roman, Greek, or Byzantine coins, Brilliant Uncirculated Coins, 50+ Year-Old Foreign Bank Notes, or 75+ Year-Old Foreign Coins, World War II memorabilia, Great Depression Era memorabilia.​

These lots contain a random selection of the items listed and you WILL NOT receive all of the items listed. Each lot will contain at least 15 items from the above list.
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EACH 15-PIECE LOT will DEFINITELY contain the following items:​

~A PCGS, ANACS, NGC, or ICG Professionally Graded Coin~
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~At least 2 Silver Coins~

~A U.S. Proof or Mint Set ~​

~At least 1 century-old U.S. Collectable Coin~

~At least 3 Proof coins~

~The rest will be a random assortment from our vast collection~

thanks.

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If you feel like throwing away $60 go for it.

 

I see. Does it mean I can get more with $60? Thanks for the info.

 

go for it,you never know

 

Rule of thumb, if you cannot see the coins you are buying do not buy them.

Seriously, there are way too many of these come ons pushed to beginning collectors. I can see hundreds of permutations where the value of what they would send you would be worth about $25. Hundreds of ways. Don't think they will send you $100 worth of coins because they are nice guys.

This scam has been around for 35+ years that I can personally attest to. It is still around since it STILL fools people and makes the dealers money.

Chris

 

Thanks! :smile

 

If you calculate the worst case scenario (and I`d say 95% that this is what you will actually get):

~A PCGS, ANACS, NGC, or ICG Professionally Graded Coin~ means you could get a coin worth $4-6

~At least 2 Silver Coins~ means you could get 2 coins worth $4.5-8

~A U.S. Proof or Mint Set ~ means you could get a set worth $4-7

~At least 1 century-old U.S. Collectable Coin~ probably $3 or less

~At least 3 Proof coins~ probably $3-5

~The rest will be a random assortment from our vast collection~ probably about $7

In total: about $25. There is a chance, of course, that the value might even be $50, if the seller is extraordinary honest, but we all know it is not going to happen.

 

Isn't this whole random lot auctions essentially the same thing as gambling?

 

It may be gambling but the odds are in favor of the house. In this case, the seller controls what coins the buyer receives. I would be willing to bet that very, very, very few - if any - buyers receive lots that are worth in excess of $60.

In the movie 'My Little Chickadee' W.C. Fields' character was playing cards with a young man who knew nothing about cards. The young man asked, "Is this a game of chance?"

Fields responded, "Not the way I play it, no."

 

Or "cat in the sack"?

 

I have heard of it but didn't Google the meaning until you asked gramps!?!

 

I see this ad all tghe time on eBay. I have never taken it seriously. Man, it's bad enough I'll buy a roll of wheat cents now and then. lol

Figure the seller knows a lot more about them than you do. Then realize the seller is trying to make as much as he can for the inventory he sells. Sight unseen, not a good deal. But if you want to toss the cash in just to see what happens, I won't fault you. But you are not going to get your money's worth, as a rule.

 

a gamble would have set parameters with at least a remote chance of winning/gaining, no friend this is called a Scam, as in you pay and play you lose period!

 

Maybe today, it's "TV in a box" ?

 

These types of lots are listed on eBay a lot and it's the sellers selection of what you receive in the lot, not your choice. It's a gamble that your lot will contain anything of value at all. You might wind up with one or two silver coins(90%), and the rest worth face value only.

For $60, I want to have the choice of what I receive, after all, it's my money.

 

Buy $60 worth of Power Ball tickets. You have a much better shot of coming out a winner.

 

Yes I bought on the other day....I think it means a bunch of crap no one else wants in a bag....

 

?

 

Pig in a Poke that is James. Stay away from em.... I think the bag contained 90% clad proofs and half them were not even proofs. The rest was circulated "BU" 2004 nickels....