I honestly dont pay much attention to these HSN type coin gimmicks cuz Im well aware that feelings I would imagine similar to those a fresh, new, 18yr old, slim, white skinned state prison inmate with long blond hair and a 50 year bid will surely be feeling verry soon after being welcomed in by just the friendliest darn gentlenen a level 5 facility ever did see!!! I knew the TV silver slingers were also a bunch of predators with friendly faces but when I came across this tonight I damn near choked!!! $120 for a "Random" 1880s Morgan Dollar. Nothing about grade, just 1 random, 1880s, wild west silver dollar. They are CROOKS!!!! More than once I've had to break the bad news to some poor old lady who thought she had a fortune in front of her that'll pay for a new furnace, but only had a big old pile of fancy looking junk. I get makin a buck, but come on.....this is just cruel.
Shady characters yes, unethical true, crooks no. They can't be crooks because they aren't doing anything illegal.
It would be criminal if it were something that people have to have. It is highly unethical but the item is something that people don't need and is in fact a luxury item. You can pay a few hundred dollars for a diamond ring and walk across the street and pay a thousand. Just like a common Morgan there is nothing rare about diamonds. Why people succumb to these television hucksters I'll never understand.
I suspect that there are some people that can't handle any other way for obtaining a Morgan. Some people don't know how to do research. Supposed a computer-unsavvy grandparent heard that little Jimmy has gotten interested in coin collecting.... easy solution for a gift. As well as the compulsive buyers. Sometimes I watch the shopping channel when I get tired of watching shows with all the commercial interruptions!
But those who buy from Mike do it willingly. When I was going thru basic training in the US Army back in 1965, all of the new recruits would congregate at bars in town that catered to them on weekends. They had young women in them that would coax those young soldiers on their weekend pass to spend all of their money on overpriced drinks for them. The smartest of us knew to stay away from these places that were commonly known as clip joints. Most of my fellow recruits would spend all of their money on the weekend after payday in these kinds of places, and would then have to spend following weekends in the barracks instead of going to town. There were some who would lend these spendthrift recruits some money at very high rates—say $15 on payday for $5 today—so that more could be spent in these clip joints next weekend. Mezack and HSN are just catering to this sort of personality, and as someone else already expressed above, there's nothing illegal about it. He had 1921 P, S & D Morgans in NGC packaging for some outrageous amount on a recent program. I was awestruck at the price!
I wouldn't say that on Monday, March 29th at 7:00 pm - 9:00 pm et is during the weee hours! I think they refer to that as prime-time.
Well , I have that channel blocked . Yes, during the wee hours it is on late night unless I'm seeing Pareidolia ???
I forgot to mention it was also on at 1:00 am et also. HSN Coin Collector DATE: 03/29/2021 TIME: 1:00 AM ET 7:00 PM ET 8:00 PM ET
I was buying a collection from a older gentlemen last year and when i offered him about 31 a common AU/MS morgan and 3 cents a piece for his wheat cents he looked at me like I was crazy. I talked with him and he bought from these channels and payed close to 200$ a morgan and he had silver eagles he paid close to 400 for a proof 2002. He also told me he payed 30 bucks a roll of wheat cents. It really hurts the older generation who are not familiar with coins because these call shows get most there buyers when social security goes though. It doesn't also help when you google a price you get some coin trackers or etsy website that tell you its worth 500 or 1000$ a coin which maby in MS 67 and up for some coins but not the ones they buy. I just hope it doesn't scare off any new collectors to the hobby.
I got my starter kit for coin collecting when my father passed. He had 3 1988 ASEs in a plastic slab with a flag in the background. Since then, I've seen the same slab on several shopping shows. You can really get clipped by those shows if you don't know what they are selling. There were other coins in "special" packaging. This was way before computers were in houses. I probably got gyped myself on one purchase long ago. I got a good price on a double eagle and then they offered a "Wild West Collection" with an 1882CC, 1883CC, and 1884CC, all three graded MS65. I was relatively new, so I bought them. I believe I paid $900 which included shipping. They are beauts to me. That was the last phone purchase.
Yeah, fell for it when I first started out. Live and learn........ Just don't make the same mistake twice!
There's an old saying: "Investigate before you invest". There's no substitute (or excuse) for learning something about what you're collecting or investing in before you go into it whole hog.