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<p>[QUOTE=&quot;Cringely, post: 802236, member: 22271&quot;]<b>Another Numisnetwork pitch(er)</b></p><p><br /></p><p><br /></p><p><br /></p><p>My guess is that Numisnetwork has been using social networking to troll for prospects. While I am not on Facebook or Twitter, for professional reasons, I am on LinkedIn (including their coin forum). A couple of weeks ago, I got a pitch from Leslie Hatter via LinkedIn. This was my reply:</p><p><br /></p><p><span style="color: Blue">Leslie,</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue">Thanks for the info. It sounded intriguing in the beginning but when I discovered that Mike Mesak (sp?) was involved, I lost all interest. He is considered something of a joke in the numismatic community and his involvement with the various TV shopping channels shows much more interest in selling vastly overpriced commodities to relatively naive buyers than providing true values that will appreciate over time. I have a number of friends who are dealers and I always hear stories of people bringing in coins they have bought from TV shopping channel and being vastly disappointed (or angry) when they are told the true value of their &quot;investments&quot;.</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue">For that reason alone, I believe I will pass on your recommendation. As for my collecting, my major interests are half cents (my latest is a 1797 plain edge 1/2 cent, VF details Cohen 2) and 18th century type coins, things that rarely or don&#039;t exist in mint state and are never advertised on TV. My belief is that, in the long term, you will make far greater gains collecting 18th and 19th century higher grade and key coins than moderns whose mintage&#039;s are huge and whose MS/PR69 and 70 population numbers continue to grow as more people send in coins to be graded.</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue">I find it interesting that the TV shopping channels have been selling the 2009 UHR coins for about the same price as a EF40 heraldic eagle dollar. I&#039;d rather have a EF40 heraldic eagle dollar whose population is relatively fixed than a 2009 Ultra High Relief Double Eagle MS70 NGC whose population already exceeds that of all heraldic eagle dollars of EF up to MS66 (of which 2 exist). </span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue">In any case, I hope you are successful in your endeavor(s) whatever they may be.</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue">Bob</span></p><p><br /></p><p>Having just read many of the prior posts, I suspect I was far too nice. Anyone want to bet on how long Numisnetwork will survive? or how much the principals will have taken out of Numisnetwork before it craters?[/QUOTE]</p><p><br /></p>

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