Reply to Thread

Message:: [QUOTE="Norsk64, post: 2868686, member: 76713"]Welcome back to another issue of "COINS - AS SEEN ON TV!".  I realize it's been a while since my last write-up here on Coin Talk, and I just have to blame it on my health.  When you experience severe chronic back pain 24/7, the desire to write a one or two page article takes a back seat to the pain.  But enough of the violin music! My last write-up was on HSN's The Vault with Mike Meezak.  The issue before that gave a thorough scolding to Rick Tomaska at RCTV Collectible Coins whereby the first "Report Card" was issued by myself based upon varying criteria for Coin TV Shows/Networks.  Both can be accessed in the Search Box.  As always, opinions and your review of this article are appreciated!                                                         [ATTACH]684823[/ATTACH]There are coin lovers that either watch AAN-TV, will never watch AAN again, or those that have flipped through seeing just another annoying jewelry show.  Only this one was AAN aka America's Auction Network. If you are a watcher, odds are you are a newer collector, young or old, and your coin buying options are extremely limited...as far as you know.  I must admit I am a watcher, and have been for about 7 years now.  As a buyer, I have made buying mistakes in my early days as a watcher and as a collector.  They go hand in hand, no matter the Coin TV you may watch.  But I still watch because I love coins, and once in a great while, I will find a diamond in the rough and see something worth buying.  I know some will doubt this, but as an experienced eBay seller, I can say I saw.  I ordered.  I listed.  I sold at a nice profit.  But when it comes to AAN-TV, it's an anomaly.  You've got to know your coins, or the risk of getting sucked in by the unseen TV Hosts, namely Adam, Eric, and even "I've joined the den of thieves" Shawn Lefflar, has slung the misleading and downright wrong slop, where eager new collectors, eat it up. I could list several instances of lies and misleading information aimed at viewers by AAN, but there simply isn't room here.  I have documented some, and will provide details of one in particular.  One trick used by AAN Hosts on numerous occasions, is the offering of "graded" MS70 1999 Silver Eagles in an auction setting.  Thing is, this MS70 is graded by IGS aka International Grading Service.  A faux service that regularly assigns MS70's and other, rare high grades depending on the coin.  They are typically First Day of Issue, even for coins minted in China.  There is no way that is possible unless coins are slabbed in China.  IGS has no office in China.  So much for IGS First Day of Issue coins.  IGS is a joke, and reputable coin valuation services in no way recognize this cheap, stabbing company.  But AAN offers out these 1999 IGS MS70's, and put on the screen that valuations for 1999 Silver Eagles in MS70 have a comparison in the thousands of dollars!  Sources used the most are NGC and NumisMedia for valuation purposes.  Thing is, valuations used by NGC and NumisMedia in no way use IGS "grades" for their true valuation purposes.  So, the auction typically is bid up to the $350 range, plus a 10% buyers premium, and shipping.  Usually there is a "Match The Bid" at $350, and more uninformed buyers jump in to buy what frankly is an MS68 or maybe MS69, instead of the promoted MS70.  So your $400 coin is really worth much, much, less.  And AAN knows this.  I have yet to see a MS70 graded by NGC or PCGS in the same scenario, and likely never will.  Pure fraud, plain and simple. About 6 months ago, AAN-TV moved to new facilities and promised a better buying experience including faster shipping, better Customer Service, and even the possibility of on air Hosts being seen on the screen, instead of just their voices.  How have they done with the new AAN-TV?  Well, not much except to make it worse!  Shipping for Buy It Now items now cost buyers, Customer Service is still abysmal, and no on-air host appearances.  But hey, they do have a new logo.  Thanks for that. The thing that really burns me the most is the taking advantage of newer collectors...young and old in age.  They simply don't know better.  Again, AAN knows this and they exploit it to the hilt!  If you're a newer collector, stay away from AAN-TV.  If you are an active viewer, you have got to know your coins.  Unfortunately, most AAN viewers do not.  Lastly, the newer collector doesn't know the other sell venues for coins.  One visit to eBay, and in most cases, you will see the very same coin that AAN is offering is cheaper on eBay and other online sources.  It's an ugly report card for AAN-TV, so let's get to it... PRICE/VALUE........................................... FENTERTAINMENT VALUE............................ DCOIN KNOWLEDGE OF HOSTS.................... BHONESTY................................................. FCUSTOMER SERVICE................................. FSHIPPING TIME........................................ FVARIETY OF COINS OFFERED..................... B Not to pretty, but dead-on in my opinion. Next issue will feature updates on a variety of Coin TV shows, including personnel changes, rumors, and much more! Till then, Jeff[/QUOTE]

Create my FREE Account!

Log in or Sign up

Reply to Thread

Useful Searches