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<p>[QUOTE="Conder101, post: 31450, member: 66"]I know that the TV guys can charge whatever they want, but they are frauding people when they tell you that the coins are much more expensive elsewhere.</p><p><br /></p><p>Actually they aren't. There are actually companies out there sending out catalogs to people with those coins priced HIGHER than he TV salesmen. I've seen them. One example several years back was an uncut sheet of dollar bills. At the time you could buy them from the Treasury for $38. The TV hucksters were asking $75 to $100. Sharper Image catalog had them priced at $200 a sheet.</p><p><br /></p><p>The real problem is that when collectors see them selling at about 100% more than they could be bought from a dealer they don't consider the much greater overhead that the TV seller faces. For starters the cable network will be taking 25% of the gross sales right off the top. Say you have a coin that a dealer would buy at $70 and sell at $100, $30 profit. If the TV people did the same the would sell for $100, network takes $25, $5 profit. In order to make the same starting profit that the dealer does they HAVE to sell it at a minimum of $133. And the TV dealer Still has to pay for the air time (yes that isn't covered in that 25% the network gets.), cameramen, sound crew, foley crew, set designers and builders, director, electricians plus others (And these are ALL Union wages folks) And there are still other miscellaneous expenses. So it isn't too surprising they have a 100% markup over what a dealer sells for.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 31450, member: 66"]I know that the TV guys can charge whatever they want, but they are frauding people when they tell you that the coins are much more expensive elsewhere. Actually they aren't. There are actually companies out there sending out catalogs to people with those coins priced HIGHER than he TV salesmen. I've seen them. One example several years back was an uncut sheet of dollar bills. At the time you could buy them from the Treasury for $38. The TV hucksters were asking $75 to $100. Sharper Image catalog had them priced at $200 a sheet. The real problem is that when collectors see them selling at about 100% more than they could be bought from a dealer they don't consider the much greater overhead that the TV seller faces. For starters the cable network will be taking 25% of the gross sales right off the top. Say you have a coin that a dealer would buy at $70 and sell at $100, $30 profit. If the TV people did the same the would sell for $100, network takes $25, $5 profit. In order to make the same starting profit that the dealer does they HAVE to sell it at a minimum of $133. And the TV dealer Still has to pay for the air time (yes that isn't covered in that 25% the network gets.), cameramen, sound crew, foley crew, set designers and builders, director, electricians plus others (And these are ALL Union wages folks) And there are still other miscellaneous expenses. So it isn't too surprising they have a 100% markup over what a dealer sells for.[/QUOTE]
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These TV guys are just insane
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