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Sad Coin Buying Experience Today - Kennedy Mint
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<p>[QUOTE="tradernick, post: 331411, member: 648"]It is indeed sad that these flimflam artists can prosper. But the thing is they sell to "armchair collectors". Collectors that attend shows, are members of clubs, or at least active in pursuing coins generally don't buy from the TV or magazine dealers. Too often the customer is completely fleeced before realizing they've been had. Of course the companies sell the "sizzle and hype" and they can be very charming and persuasive...and often they play upon peoples greed, promising rich returns in the future for an investment now. The promise of future value tends to deflect the buyer away from the product itself..which of course is cleaned overgraded crap.</p><p>I simply hate to see this stuff come into the shop. You'd think that after enough time that people would learn, but every generation brings new fish to the table and new bait...gold plated states quarters, colorized silver eagles, etc. These are the modern day versions of the Franklin and Danbury mints.</p><p>NIck[/QUOTE]</p><p><br /></p>
[QUOTE="tradernick, post: 331411, member: 648"]It is indeed sad that these flimflam artists can prosper. But the thing is they sell to "armchair collectors". Collectors that attend shows, are members of clubs, or at least active in pursuing coins generally don't buy from the TV or magazine dealers. Too often the customer is completely fleeced before realizing they've been had. Of course the companies sell the "sizzle and hype" and they can be very charming and persuasive...and often they play upon peoples greed, promising rich returns in the future for an investment now. The promise of future value tends to deflect the buyer away from the product itself..which of course is cleaned overgraded crap. I simply hate to see this stuff come into the shop. You'd think that after enough time that people would learn, but every generation brings new fish to the table and new bait...gold plated states quarters, colorized silver eagles, etc. These are the modern day versions of the Franklin and Danbury mints. NIck[/QUOTE]
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