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"COINS - AS SEEN ON TV!" Featuring the HSN Vault - COIN COLLECTOR
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<p>[QUOTE="E Pluribus Unum, post: 2840880, member: 74265"]A few years back, I did some tutoring on the side at a local community college. One of the tutors was a retired engineer who tutored voluntarily to keep his days busy. He was a very kind fellow and a great coworker. Anyway, he knew that I collected coins. So one day he told me that he had a surprise for me. He said that he wanted to show me a coin that he bought: "one of the first circulating US dollar coins." I was thinking "wow, I rarely get a look at a Flowing Hair Dollar." So, he pulls out a worn out Spanish 8 Reales worth $50 at best. He told me that he bought it from a "TV coin show." He said that the TV vendor had a huge surplus of these coins and got a great deal as early circulating US coins <span style="color: #ff0000"><b>can</b></span> sell at thousands of dollars. He told me they were asking $499, but when he called TV vendor, he said they offered him an exceptional deal "for only $399 if you buy within the next 10 minutes. They will sell out in minutes. Get it now while you have the chance."</p><p><br /></p><p>The sad thing is this: My coworker said this coin that he bought was intended to be a gift for his grandson who just started coin collecting. I didn't know what to say. Should I have said that you paid $399 for $50 coin? The worst part of it is that he bought the coin as a gift for his grandson for his birthday</p><p><br /></p><p>In a way, I was surprised because he was a very intelligent person and I didn't think he would be susceptible to such a scam. But, I think he was so excited about giving his grandson "one of the first US circulating dollar coins" that he was thinking from his heart. I don't blame him. After all, he had no knowledge of coins, and it seemed that he was under the impression that a coin sold on TV would be a "safe buy."</p><p><br /></p><p>What a disgrace! I have seen certified Morgans dollars sold on these TV ads at ridiculous prices. I know it's a scam, but most people don't. These TV vendors are not selling to coin collectors. These TV ads target people with limited knowledge.[/QUOTE]</p><p><br /></p>
[QUOTE="E Pluribus Unum, post: 2840880, member: 74265"]A few years back, I did some tutoring on the side at a local community college. One of the tutors was a retired engineer who tutored voluntarily to keep his days busy. He was a very kind fellow and a great coworker. Anyway, he knew that I collected coins. So one day he told me that he had a surprise for me. He said that he wanted to show me a coin that he bought: "one of the first circulating US dollar coins." I was thinking "wow, I rarely get a look at a Flowing Hair Dollar." So, he pulls out a worn out Spanish 8 Reales worth $50 at best. He told me that he bought it from a "TV coin show." He said that the TV vendor had a huge surplus of these coins and got a great deal as early circulating US coins [COLOR=#ff0000][B]can[/B][/COLOR] sell at thousands of dollars. He told me they were asking $499, but when he called TV vendor, he said they offered him an exceptional deal "for only $399 if you buy within the next 10 minutes. They will sell out in minutes. Get it now while you have the chance." The sad thing is this: My coworker said this coin that he bought was intended to be a gift for his grandson who just started coin collecting. I didn't know what to say. Should I have said that you paid $399 for $50 coin? The worst part of it is that he bought the coin as a gift for his grandson for his birthday In a way, I was surprised because he was a very intelligent person and I didn't think he would be susceptible to such a scam. But, I think he was so excited about giving his grandson "one of the first US circulating dollar coins" that he was thinking from his heart. I don't blame him. After all, he had no knowledge of coins, and it seemed that he was under the impression that a coin sold on TV would be a "safe buy." What a disgrace! I have seen certified Morgans dollars sold on these TV ads at ridiculous prices. I know it's a scam, but most people don't. These TV vendors are not selling to coin collectors. These TV ads target people with limited knowledge.[/QUOTE]
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