HSN Coin Vault

Discussion in 'Coin Chat' started by FmrFiatFollower, Jan 24, 2015.

  1. FmrFiatFollower

    FmrFiatFollower Note-orious & Numismatic

    image.jpg Good Evening, All:

    I've never watched HSN before and was browsing channels before bed and noticed they were selling ASEs.

    I sat there for a few minutes just listening to the horrendous things they were saying about the coins and then noticed a peculiar thing -- the coin they were selling was labeled as an IGC graded 2015 MS70 ASE but the coin shown in the case was a 2014.

    Did anyone else notice this? Like I mentioned, I've never watched their show before but I'm curious if anyone else watches HSN and if you've even noticed similar things? image.jpg image.jpg
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  3. kSigSteve

    kSigSteve Active Member

  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    They are using the photo of the 2014 because the 2015 was not available at the time of filming. This is a common tactic, especially for the TV thieves to try to sell new issues before their release.

    If you are wondering how they know the number of 70's they will get from their ICG submission, it's very simple. They don't, but you can be sure that the quantity coming from ICG will be pretty close.

  5. lucky43113

    lucky43113 Active Member

    A lot of places like HSN and Apmex do request how many 70's and 69's they want, i have read this a few places over the years. They spend to much money that the grading companies don't want to lose
  6. bkozak33

    bkozak33 Collector

    The big dealers request and pay for the coins to be 70's. They know exactly how many they will have.
  7. JPeace$

    JPeace$ Coinaholic

    HSN and the Coin Vault are two different shows. HSN typically sells coins in ANACS holders. The Coin Vault will usually sell NGC or PCGS.

    When I'm bored, I will watch the shows. They tend to exaggerate quite a bit. Their prices are also quite inflated.
  8. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'm no fan of the TV hucksters, but you can't prove that and you know it.

  9. JPeace$

    JPeace$ Coinaholic

    When I was new to the hobby, I actually learned things about Frankies and Kennedy's when watching Rick Tomaska. His prices were/are inflated, but at least he's got some numismatic chops.
  10. bkozak33

    bkozak33 Collector

    You cant prove im wrong either
  11. Kirkuleez

    Kirkuleez 80 proof

    That's true, but I know a few of these guys pretty well and they can't dictate what kind of grades they get. HSN uses ICG for a very good reason; they know that the chance of getting thousands of 70s is much higher.
  12. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Sounds like an answer one would get from a child.

  13. bkozak33

    bkozak33 Collector

    Are you trying to insult me for having an opinion that differs from yours? Your petty insults on this board are getting old. Have a nice day.
  14. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    You make a claim that you know you can't prove, but instead of coming back with solid evidence, you reply with something a child would say. If you're insulted, it's your problem.

  15. miedbe7

    miedbe7 Wayward Collector

    I don't think they DICTATE per se. But I do think they ensure a certain amount of 70s by providing enough throughput of raw product. Depending on the grading fee arrangement, it would benefit ICG to be strict to grade more unless it's a flat $ amount until the # is reached. But that would probably not play well the next time they look for a company to slab a million coins in a day LOL. That's a big fee to pass up. Kinda like lawyers and billable hours...
  16. kb6kgx

    kb6kgx Junior Member

    Was watching last night, as well. Thought I was seeing things. Label was “2015” and the coin was “2014”. Thought it was odd that they didn’t say anything on the show.
  17. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Almost! It's the submitter that insures a certain number of 70's by submitting thousands upon thousands of coins. The bulk submission fees are far less than what the average person must pay.

    Yes, it's still a lot of money from these bulk submitters, but does anyone really think the TPG would rig the grading for one or two customers and risk losing thousands of other customers who pay the full grading fees?

    Based on their past performance, the TV hucksters can approximate the number of 70's they will receive, but that is all they can do.

    miedbe7 likes this.
  18. Conder101

    Conder101 Numismatist

    Bingo. Jook at the number of 2014's that were submitted and the percentage that received 70's. The 2015's will probably be fairly close to that same percentage. You know how many you are sending in, you should be able to get a fair estimate of how many 70's you will receive.
  19. HSN coin show is a joke
    JPeace$ likes this.
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