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<p>[QUOTE=&quot;Detecto92, post: 1565553, member: 75105&quot;]and I agree with you on that part.</p><p><br /></p><p>However it&#039;s a double edged sword..</p><p><br /></p><p>While Littleton does bring new collectors to the hobby, they do it by ripping them off.</p><p><br /></p><p>There is absolutely no need to double or triple your money selling coins, and that is what littleton does. Even the biggest coin dealers in the nation have stayed afloat for decades by making a small amount on each coin.</p><p><br /></p><p>For example, littleton buys a silver dollar for $32, then they sell it for $76.50. They make $44.50 on each silver dollar sold. That is an absurd profit.</p><p><br /></p><p>If they sold morgan dollars for $44.99, they can still make a good profit. </p><p><br /></p><p>The idea of coins on approval is lovely, and I actually give littleton merit for that, but they need to price themselves much cheaper.</p><p><br /></p><p>If they were cheaper, they could sell 5 morgan dollars in the time it would take to sell one expensive Morgan dollar. Instead of a profit for $44.50, they could make a profit of $64.95 in the same time frame, if they were cheaper.</p><p>&nbsp;</p><p>I guarantee they would make more sales if they were cheaper. </p><p><br /></p><p>I&#039;m not saying the company is a scam, they don&#039;t sell fake coins, double charge people&#039;s credit cards, etc. But their practice of over-charging for coins, is a scam quite frankly. </p><p><br /></p><p>I hope people watch my video, and then decide to use eBay/LCS for their coin collecting needs.</p><p><br /></p><p>The more people I can educate, the better that makes me feel. I know I can&#039;t change the world, but maybe I can change the minds of a few people.</p><p><br /></p><p>If everyone remembers reading about &quot;Treasure Hunters Roadshow&quot; and how badly they ripped people off (If I recall a member here got their coin stolen from them), a lot could of been prevented if we had the knowledge to forewarn people ahead of time.</p><p><br /></p><p>To me, there is a lot more to coin collecting that just collecting coins, I think educating new collectors is the 2nd most important thing any coin collector can do.[/QUOTE]</p><p><br /></p>

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