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<p>[QUOTE="Hobo, post: 1072224, member: 11521"]A reporter went undercover and took several coins to a travelling coin buyer set up at a local motel. The travelling coin buyer - International Coin Collectors Association (I'm not making that up) - had advertised in the local paper. We've all seen similar ads. "Top dollar paid! Up to $10,000 for this coin. Up to $5,000 for that coin." etc. In reality they usually pay a fraction of the true value and often much less than melt value. They take advantage of the fact that most people do not know the value of their coins. </p><p> </p><p>First the reporter took several coins to a local coin dealer to find out what the dealer would pay for the coins. Then the reporter took the coins to the motel to find out what ICCA would offer.</p><p> </p><p><a href="http://www.wset.com/Global/story.asp?S=13791035" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.wset.com/Global/story.asp?S=13791035" rel="nofollow">Fair Deal at Coin Sales? Lynchburg Prices Compared</a></p><p> </p><p>According to an ICCA employee:</p><p> </p><p><br /></p><p> </p><p> </p><p>We'll see about that. </p><p> </p><p>How did the offers compare? </p><p> </p><p><br /></p><p> </p><p>That sounds par for the course.</p><p> </p><p><br /></p><p> </p><p>Hmmmm. </p><p> </p><p><br /></p><p> </p><p>Well, that makes me feel much better.</p><p> </p><p><br /></p><p> </p><p>No surprises here.[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 1072224, member: 11521"]A reporter went undercover and took several coins to a travelling coin buyer set up at a local motel. The travelling coin buyer - International Coin Collectors Association (I'm not making that up) - had advertised in the local paper. We've all seen similar ads. "Top dollar paid! Up to $10,000 for this coin. Up to $5,000 for that coin." etc. In reality they usually pay a fraction of the true value and often much less than melt value. They take advantage of the fact that most people do not know the value of their coins. First the reporter took several coins to a local coin dealer to find out what the dealer would pay for the coins. Then the reporter took the coins to the motel to find out what ICCA would offer. [URL="http://www.wset.com/Global/story.asp?S=13791035"]Fair Deal at Coin Sales? Lynchburg Prices Compared[/URL] According to an ICCA employee: We'll see about that. How did the offers compare? That sounds par for the course. Hmmmm. Well, that makes me feel much better. No surprises here.[/QUOTE]
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