Is the lack of facts a scam..

Discussion in 'Coin Chat' started by kaosleeroy108, Aug 11, 2018.

  1. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    OMG the lack of actual facts spitting outta these guy mouths on the csn just watched them try to sell a set of silver eagles for a insane price
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  3. wcoins

    wcoins GEM-ber

    Any examples?
    Lack of facts is not a scam, lying is.
    Noah Finney, Spark1951 and Ericred like this.
  4. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Manipulating the facts to sell things for an inflated and egregious price could be considered a scam.
  5. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I am a mechanical minded fellow. I do not understand the workings of the digital age...... I find it funny that the couple of times I tried to tune in CSN on my cable box. It freezes up. I have to totally reboot the thing after tuning that station in. I interpreted that as a divine message.
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    Is it s scam? Maybe. Maybe not. What it is is a warning to stay away.
    mlov43 likes this.
  7. Michael K

    Michael K Well-Known Member

    Yes it is a scam. People are buying these products, with the incorrect idea it is a good investment, will go up in value, etc.
    Selling something for more than it is worth, and devising ways to make the product sound attractive is just fancy story telling. It is a lie, it is a scam, they are lowlifes, they should reopen Devil's Island for them.
    Last edited: Aug 11, 2018
  8. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    Alternative facts are a scam and a lie
    mlov43 and Cheech9712 like this.
  9. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    I agree mike
  10. Cheech9712

    Cheech9712 Every thing is a guess

    Hey. Where did i hear that
  11. Santinidollar

    Santinidollar Supporter! Supporter

    I know who you are talking about. Yes, I think it’s a scam. No, he is not doing anything illegal. Legal, yes. Ethical, absolutely not.
  12. okbustchaser

    okbustchaser Just plain busted

    The TV huskers are not running scams. Nothing they say or do on those shows is illegal--nor should it be. Are they ethical? Not in my opinion, but my morality is different than theirs--or yours.

    Bottom line...
    There is no way to legislate stupidity out of people.
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    They cater to the elderly who would have passed it by when young, as many think it would be an inheritance for kids, grandkids, possible spouse(s) in some cases, etc. It is not just the coin hucksters, they do it for jewelry ( only 500 left, now 400, ...., any timed event so they can't think. Legal, but they wouldn't like their mother to watch and buy.
  14. Spark1951

    Spark1951 Accomplishment, not activity

    "There's a sucker born every minute"- P. T. Barnum

    I have watched these coin shows since 2011, when I started organizing my collection. One good thing that happens from watching is it teaches you what hype is all about and what to be wary of, as applied to coins, currency and exonumia.

    Hookman and Santinidollar like this.
  15. wcoins

    wcoins GEM-ber

    I'm still waiting for couple examples.
    I don't think CSN is a regular channel. It's like short coin offerings usually in the middle of the night. They appear on other channels, buy air time or something.
    Randy Abercrombie likes this.
  16. Santinidollar

    Santinidollar Supporter! Supporter

    Early this morning, HSN had an “exclusive offer” — the 2018-s American Silver Eagle proof in a numbered PR70 ANACS slab for $179.95. Guess Mezack bought them at the ANA show. Has just under 2,500 of them.

    The coin — with unlimited mintage — goes on sale on the Mint site Tuesday for $55.95. That fact wasn’t mentioned on TV, of course.

    So, is the lack of facts, as the OP asked, a scam? Not legally, but ethically, I would say.
    JPeace$ and Randy Abercrombie like this.
  17. Santinidollar

    Santinidollar Supporter! Supporter

    CSN is an infomercial which is Mike Mezack’s secondary spot. He presides over the HSN skinnings of coin buyers.
    Randy Abercrombie likes this.
  18. Conder101

    Conder101 Numismatist

    So ALL advertising is a scam because at heart that is it's entire point, to make a product sound good or better than another choice.
    Hookman likes this.
  19. green18

    green18 Sweet on Commemorative Coins Supporter

    Grow up guys. You can't save the world. Folks are gonna do what they want to, and when tempted, they sometimes bite at a bad offer. I can't save the fellow who thinks he's gonna make a profit on something that a snake oil salesman is selling on TV. That person has to save him/her self, by educating themselves. That's the freakin' trouble today.........everybody trying to save everybody else. Whatever happened to individual responsibility? Buy at your own risk? No safe harbor guaranty? This sort of thing dates back to Babylonia and before..........
  20. NYandW

    NYandW Makes Cents!

    Not stupidity, but ignorance...
    19Lyds, jafo50 and green18 like this.
  21. green18

    green18 Sweet on Commemorative Coins Supporter

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