is shop at home going to stop selling coins??

i heard shop at home might stop selling coins? is this true? does anyone have any info???
i'm a new poster...i usually just lurk but thought this was worth joining for!

 

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I haven't heard that, but it would be fine with me!

 

They have been over charging so many maybe someone is putting a stop to them.

 

I sure hope not. I have spent many a long midnight shift with SHN on and I think I have learned a lot from the hosts (salesmen) that present the shows. BUT I would be very careful about buying from them as the prices they ask are usually way above red book in my opinion. That's not to say I haven't made any purchases... I just research the items prior to buying. My opinion nothing more nothing less.

 

Shop at home,i watch for entertaiment but they are the biggest rip offs around,expect to pay double fair market value on anything they sell." Morgan dollers minimum XF-AU but you may get some that are BU
or proof like" yeah right

 

Yeah, Saturday I believe at 6-7 they will be on.

 

Just thinking about all the folks who won't get ripped off or fed phony information (if the rumor is true) makes me tingle all over.

 

most of the tv coin shows actually perform a service for the collector.their prices are about double the coin dealers news letter price grey sheet ask.take their price and divide by 2 then multiply by 90% and you can usually get the fair market price.this will not work for the coin vault show on shop at home tv as they use a lot of smoke and mirrors to confuse the buyer.do people really pay those prices?

 

"Your paying less than melt value" (on stretch pay), this amounts to an interest free loan.
Or” we can't tell you your going to find a 1909s VDB but we can't tell you won't find one either"
Then there's the mysterious "leading numismatic catalog" with the absurd prices they quote.
Smoke and mirrors indeed.
Last night they said the 1999 silver proof set sells for $799.00.

 

The leading numismatic catalog that the coin valut uses , is the littleton coin catalog

 

I didn't know that,makes sense since littleton's prices seem way out of line with what you see elsewhere.

 

Hi,
I hope they stop selling coins. I saw a post that said that you learned from some of the hosts. I would take any of the information they presented and forget it. They slant things to create importance out of things that have no importance at all and they misrepresent so much that you can't really tell the fact dfrom the fiction.
I truly hope they go away, they are a rip off.

Bill

 

What they don't say is that it is a set with the rare business strike die proof cent in the set. They skirt the truth very well, don't they?

 

God bless them if they can sell a MS63 common date Morgan for $50 or whatever they get for it. They have every right to make a profit. Their prices have to pay for their lights, camera, action, and all of the expenses that go into selling a product.

I saw a complete set of Peace dollars in a Dansco album offered at $1,500. Sure it included the 1921 and 1928 dates, but who could really see the grades of these coins on television? But somebody...somewhere in T.V. world is thinking..."Wow...the whole set!...my _______ would love this gift". Could they have searched and researched these coins before making a purchase? Sure they could, but if you are one of those "got to have it" people, who are we to say you are wrong?

Just like those expensive sweaters they sell at the mall for $300 only to sell for 50% off after the winter season. The sweater didn't change, but somebody bought themself a $300 sweater because they WANTED it! Look at me...I have a new sweater and I feel GOOD about it.

IMO, these coin shows are entertaining for me. I am waiting for one of these guys to offer me a FREE ginzu knife if I order

Also, the more people getting into coins and buying a fixed population of these coins, the better for us that already have them!

 

The problem comes when the uninformed collector buys a coin or a set of coins and then somewhere in the future comes upon a tough time. They then go to a local dealer that offers them a legitimate price that could be as little as 25% of what they originally bought the coin for. The person feels ripped off (rightly so) and he suddenly despises coins, dealers, other collectors etc.

They believe the PT Barnum spiel. " OOOHHH !! A 1964 Kennedy Half Dollar, It was the first year of issue, It's 90% silver!! It's the last circulating 90% silver coin, BLAH, BLAH BLAH...!! $19.95 Please!!" Oh yeah, It comes with a certificate of auithenticity.... WOW!!!

I may sound sarcastic but there is nothing good to say when that collector is offered $2.50 cents for it, perfectly acceptable offer and is told. "We don't need a COA, the coin is only a common date Kennedy".

So many people are hyped into believing they have something valuable. Take all that Gold plated States Quarter junk. It's all damaged US coinage and is worthless as numismatic collectibles.

Enough soapbox...They prey upon the uneducated and that borders upon criminal.

Have Fun,
Bill

 

TRY $80-$100 and they will tell you that it's a fantastic bargin at that price.get them while they last

 

I haven't heard that rumor, but I doubt that they will stop. They have been on for quite a while now and seem to be going strong. I have trouble believing the prices that they're asking, but they must be getting them or they would surely lower them. A lot of people are addicted to the shop at home channels and these channels seem to know it. Otherwise their prices would be more realistic.If not they would have to lower prices to sell more, to cover thier costs as their overhead must be tremendous. It's amazing how they continue on with high prices and somewhat questionable depictions of what they're offering.
Willcoins

 

I AGREE WITH BILL.THESE HUCKSTERS MIGHT BE SELLING USED CARS SOON1pity the uninformed buyer.

 

If not coins, you could make the same argument for all the products that are sold on television. Some buy for the thrill of the buy and others buy because they don't have to leave the house. There is a cost to sell these products. The air time, studio time, production costs, etc all cost money and are added to the cost of the product.

If it is not coins, it is waffle makers, or a set of knifes. An educated buyer of ANYTHING can search out and research what is the best buy for ANY product. But if they are too lazy and "HAVE TO HAVE IT NOW", well it is nobody's fault except theirs!

I am sure we have all bought items that we wished we never have, so we chalk it up to a learning experience.

When we get into this mind set of telling people what they can and cannot charge for their products, well...you are attacking capitalism.

Well...you can do whatever you want to me, but I am not going to sit here and let you bad mouth the United States of America! Gentlemen, whose with me?

 

Hi,
There is one major difference. A buyer expects the price of an article of clothing or a vacuum cleaner that also doubles as a cell phone to go down in value the minute they take it out of the box.
The coin guys try to give you false information and they lead you to believe that you are making an investment that will surely go up in value in the future. They carefully word things using examples of a 1933 Double Eagle worth millions to make you think that their common date Double Eagle will someday approach being worth that much.
They are snake oil salesman and in my opinion do a major disservice to our hobby.

Have Fun,
Bill