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<p>[QUOTE="Ed Sims, post: 1885045, member: 59688"]I was at a Long Beach Convention coin show in the late 1980's and a guy in a suit was going to every dealer and buying all of their 1882, 83, and 84 GSA dollars regardless of their price. I asked the dealer whose table I was at and he said the man was a telemarketer. This was before PCGS and NGC started grading them. It didn't matter what he paid since they were going to be marked up at least 50% of their average cost. I didn't see any dealer not sell all they had to him. A sale was a sale to them and what he did with the coins was none of their concern. They knew what he was doing it didn't seem to bother them that he was taking advantage of people who knew nothing of the value of those coins and were caught up in his hype of their historical aspect. Telemarketers have been doing this for a very long time and as long as there are people who buy coins like this on the TV home shopping shows they will keep doing it.[/QUOTE]</p><p><br /></p>
[QUOTE="Ed Sims, post: 1885045, member: 59688"]I was at a Long Beach Convention coin show in the late 1980's and a guy in a suit was going to every dealer and buying all of their 1882, 83, and 84 GSA dollars regardless of their price. I asked the dealer whose table I was at and he said the man was a telemarketer. This was before PCGS and NGC started grading them. It didn't matter what he paid since they were going to be marked up at least 50% of their average cost. I didn't see any dealer not sell all they had to him. A sale was a sale to them and what he did with the coins was none of their concern. They knew what he was doing it didn't seem to bother them that he was taking advantage of people who knew nothing of the value of those coins and were caught up in his hype of their historical aspect. Telemarketers have been doing this for a very long time and as long as there are people who buy coins like this on the TV home shopping shows they will keep doing it.[/QUOTE]
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