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HSN, ANACS, 2010 ASE, and Lincoln commemorative question
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<p>[QUOTE="Grey Ghost, post: 777475, member: 22094"]I have a question regarding the coins that are sold on the Home Shopping Network (HSN).</p><p> </p><p>Yesterday, they were advertising 2010 ASE. They showed a slabbed eagle that purported to be graded MS70 by ANACS, dated 2010, first day of issue. The date on the coin was obscurred by glare or writing. I assume they could presell these, but how do they know that ANACS will ever grade one MS70 and how do they know they will get enough to fufill the reasonable demand? Do they have a source we collectors do not have access to? They were charging $99 plus S&H so I guess they can pay a lot to get them, but it doesn't sound right.</p><p> </p><p>They were also advertising 2009 Lincoln silver dollar commemoratives with four 2009 proof pennies. The price was outrageous ($199 plus S&H) but my real question is where do they get enough of the proofs to offer them? They claimed to have several hundred sets. Can they buy in quantity straight from the mint and if so, do they (or other dealers) get a better price than collectors? Or do they just have to buy them on the market? Or is it like the ASE they just charge so much it does not matter what they pay for them. </p><p> </p><p>I do not plan on buying from them, by the way, but the prices they charge are outrageous, even if they do put them in a pretty presentation box. I do not believe much of what they say, but it seems to me that for them turn a profit on a half hour or more of air time pushing these two things that the volume of sales must be significant.[/QUOTE]</p><p><br /></p>
[QUOTE="Grey Ghost, post: 777475, member: 22094"]I have a question regarding the coins that are sold on the Home Shopping Network (HSN). Yesterday, they were advertising 2010 ASE. They showed a slabbed eagle that purported to be graded MS70 by ANACS, dated 2010, first day of issue. The date on the coin was obscurred by glare or writing. I assume they could presell these, but how do they know that ANACS will ever grade one MS70 and how do they know they will get enough to fufill the reasonable demand? Do they have a source we collectors do not have access to? They were charging $99 plus S&H so I guess they can pay a lot to get them, but it doesn't sound right. They were also advertising 2009 Lincoln silver dollar commemoratives with four 2009 proof pennies. The price was outrageous ($199 plus S&H) but my real question is where do they get enough of the proofs to offer them? They claimed to have several hundred sets. Can they buy in quantity straight from the mint and if so, do they (or other dealers) get a better price than collectors? Or do they just have to buy them on the market? Or is it like the ASE they just charge so much it does not matter what they pay for them. I do not plan on buying from them, by the way, but the prices they charge are outrageous, even if they do put them in a pretty presentation box. I do not believe much of what they say, but it seems to me that for them turn a profit on a half hour or more of air time pushing these two things that the volume of sales must be significant.[/QUOTE]
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HSN, ANACS, 2010 ASE, and Lincoln commemorative question
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