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<p>[QUOTE=&quot;Good Cents, post: 3348018, member: 100720&quot;]If people are paying a lot for them because they believe they have value, then they DO have value. It&#039;s the Cabbage Patch Doll effect, aka Marketing. Say it&#039;s worth a lot, people believe it&#039;s worth a lot, people pay a lot for it, and then it IS worth a lot! I may not be willing to pay for it, but if other people are, whose to say I shouldn&#039;t sell mine for a nice sum to some guy who believes it has lots of value?</p><p><br /></p><p>The fraud and misinformation and the problem is at the BEGINNING when they are trying to convince people of things having value that don&#039;t in fact have that value. But once that ship has sailed and people are paying good money for whatever it is, who is to say it shouldn&#039;t be considered valuable anymore?</p><p><br /></p><p>People say GOLD shouldn&#039;t have any value as it serves no purpose, differently than Diamonds, Silver, Platinum and Palladium which are all used in industry. They believe that gold has no purpose and should therefore have no value and that people who buy and save up gold are idiots and will regret it down the line. But people are paying lots of money for it, so it DOES have value. So there&#039;s no fraud and misinformation in buying and selling Gold.</p><p><br /></p><p>There is only fraud and misinformation if there is no reality to the claims.</p><p><br /></p><p>The guy that collects $100 and promises you that he will find that much and more from a few roles of coins - THAT is fraud and misinformation. Selling bars of soap and claiming there is money in them when you know there isn&#039;t - THAT is fraud and misinformation.</p><p><br /></p><p>But sometimes there is a fine line. If you go through boxes and boxes of coins, you MAY just come across something worth a few dollars more than its face value. Sure, the odds are against you, but it has happened. Overstating the odds is what is misinformation.</p><p><br /></p><p>My nephew got into legitimate coin collecting after his uncle gave him a book called &quot;Strike it Rich With Pocket Change.&quot; It ignited his interest and he flew off from there into the real thing. But it started for him as a kid thinking he could strike it rich from pocket change. Kids are into cellphone addictions, video games, pranks, drugs, and this one was coin roll hunting at 14 and it grew into the legitimate side of the hobby. So, how bad was a book like that for him?</p><p><br /></p><p>OTOH, an adult who doesn&#039;t view a book like that with skepticism is being a fool.</p><p><br /></p><p>Anyway, we in all likelihood agree that the fraud and misinformation shouldn&#039;t be put out there and that people are preyed upon. Maybe the line at which that is crossed is different for each of us.[/QUOTE]</p><p><br /></p>

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