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<p>[QUOTE="Prime Mover, post: 1547887, member: 38783"]My mom was the classic example of this. As I've been looking through her stuff, I found plenty of obscenely overpriced Morgans and others, all from a place which I guess back in the day was simliar to a CoinVault type of thing. She paid (back then in the late '80s/early '90s) $199 for a cleaned Peace Dollar, worth only about melt value these days. She spent a fortune on a lot of coins that weren't worth it, but they all had good sales pitches like that. They always hyped the "rare, buy now and it'll only increas in value since they're not making any more" lines.</p><p><br /></p><p>The worst was the subscription for those "22k gold plated" stamps. Probably well over $10k invested in something that was absolutely worthless, yet hocked as something that was real gold.</p><p><br /></p><p>I can only image how much more could have ended in the collection for the same amount of money spent if she actually had a clue as to what she was really getting for her money.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 1547887, member: 38783"]My mom was the classic example of this. As I've been looking through her stuff, I found plenty of obscenely overpriced Morgans and others, all from a place which I guess back in the day was simliar to a CoinVault type of thing. She paid (back then in the late '80s/early '90s) $199 for a cleaned Peace Dollar, worth only about melt value these days. She spent a fortune on a lot of coins that weren't worth it, but they all had good sales pitches like that. They always hyped the "rare, buy now and it'll only increas in value since they're not making any more" lines. The worst was the subscription for those "22k gold plated" stamps. Probably well over $10k invested in something that was absolutely worthless, yet hocked as something that was real gold. I can only image how much more could have ended in the collection for the same amount of money spent if she actually had a clue as to what she was really getting for her money.[/QUOTE]
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