HSN does it again. 2021 MS70 NGC Peace Silver Dollar with Morgan Peace Dollar Label $899.95
Goldbully
Posts: 17,557 ✭✭✭✭✭
https://www.hsn.com/products/2021-ms70-ngc-peace-silver-dollar-with-morgan-peace-dol/20345533#
Just for grins I put that NGC certification number 6310643-006 in the NGC lookup box and got this...........
That's quite a margin HSN is working with.
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Comments
Gross or net?
TV is expensive.
Nobody is being forced to buy from them, are they?
edited to add... I see people here on the BST asking way more for their coins than I'd be interested in paying. Should they be called out, too?
edited (once again) to add... I guess I should ask who it is, who is in charge of what things should sell for?
Apparently S&H is too. Just $16.22 for this one!
Via USPS postage calculator, small Priority Mail flat rate box + insurance is $25.40.
Just sayin'.
Nobody is forced to buy from them, obviously. And yes, people & businesses can ask whatever they want for a coin and it's not a 'crime'. However, businesses like HSN do a LOT of damage to this hobby. They are usually double the market price, and present it like it's a bargain. I've seen them manipulate stats to no end. (I don't see BST people shoveling the BS at the same rate as the TV sellers). When people or their relatives go to sell these coins, it's always disappointing for them and often blame the dealer doing the appraisal or the just hobby itself. TV sellers are hucksters, period.
Who's in charge of what things sell for, the market. And when you know the market, but present an item at double that price, and build up circumstances, cherry-pick your information, and present the item as a bargain, you can't be defended at that point.
What you are saying is correct on a basic level - No one is forcing anyone to buy, you can ask what you want for a coin, etc.
And collectors and consumers of all kinds always need to do their homework when purchasing. But the damage these sellers do to the hobby and their methodology outweigh any of those arguments IMHO.
Yes, it is. Send a $1000 coin with insurance and get back to us.
Well for the extra $600 you are getting a nice wood box and a coin in high relief that the US Mint said was not in high relief. Even NGC screwed this one up.
I ended up ordering 3 of each coin in the series when they first came out and sold my extras too cheap based on HSN prices. But HSN isn’t the only place selling the peace at higher than market prices.
You get a raw one from Littleton almost 4 times the purchase price. While my local dealer is selling raws for $145-$150
https://www.littletoncoin.com/shop/ProductDisplay?storeId=10001&urlLangId=-1&productId=3074457345617067452&urlRequestType=Base&langId=-1&catalogId=29555
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
another way to part suckers with their cash idea and it works well
2003-present
https://www.omnicoin.com/security/users/login
Yeah but check out that cool box!!
🤣
There were a number of flippers selling these at high prices and bragging about it. I don’t see the issue here.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
What sort of prices were the flippers typically charging/getting and how did they go about promoting the coins compared to the HSN seller(s)?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
A quick check of Ebay found a 6 coin set for $3800, another for $3000. There were 2 Peace at $960, and a number of single coins for $500+. I just don't see why people complain about prices people ask or Buyers premiums that auction houses charge. Nobody is forced to buy them.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
They pay big bucks to produce and televise the huckster sales pitches to countless potential customers. There are always going to be a good number who succumb to the pitch. The customers tune in to be sold something. Most of the price they pay is "tuition", which they or their heirs will likely never come close to recovering. Snake oil, sealant useful for boats with screen-door bottoms, large sets of gold-plated medals. Caveat emptor.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Thank you - I can see both sides of this issue. I think the majority of complaining is due to the seller hype and perceived lack of knowledge and awareness on the part of the HSN buyers.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Why do these types of threads keep coming up? There is no issue here. Be informed before you buy, and if ignorance is your thing, let the buyer beware.
Is it not relevant? This is the U.S. Coin Forum….the good, the bad, the ugly, the modern, the old…..your choice here_____________.
Because, while as far as you’re concerned, it’s not an issue, certain people care.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Just to be clear. By market you mean consumers. Consumers are in charge of what non-essential items sell for. The people buying these things decide that this price is what these sell for.
It sucks, and these people lose money. I don’t know how bad it is for the hobby. With the internet, these consumers can price-compare for the same item in a matter of minutes. Instead, they’re buying an item they know nothing about, and they’re trusting the seller to be fair. Why they wouldn’t take a minute out of their time to check, I have no idea.
Nobody here likes that this is happening, but government regulation would be the only thing that could stop it, and for non-essential items, regulation would be a horrible idea.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
It's a bad idea for essential items, too. Does anybody really think that some bureaucrat in an office somewhere knows better than you do what prices you should pay for things and that an attempt to substitute their opinion for yours will be an improvement over each individual making decisions based on their own personal situation?
Before anyone sells anything, please run your pricing through an approved board of “experts” so we can determine if your pricing is fair.
I think it would be an interesting conversation discussing what effect this is having on the hobby, or the public’s perception of the hobby.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
By essential items, I mean items required to sustain life (or at least sustain a reasonable “modern existence.”) I’m mainly talking about collusion.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
$150 for Peace is a screaming deal. Cheapest eBay is $215. Several major dealers are ~ $225. I would buy every single one your local dealer had in stock at $150! Seriously - what dealer is offering these at $150?
@J2035 I'll message you.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
As Mark also stated, I can see both sides of the issue. While I do think anyone including HSN, etc. has the right to charge whatever they want for their coins, and I do agree that these tv sellers have high overhead, etc. I also believe that they are taking advantage of naive buyers that are going to be disappointed when they or their heirs go to sell, which I do believe is a detriment to the hobby. With that said, what I find most amusing about these types of threads are the posters that rush to the defense of HSN and the like. As if HSN or any other large company needs an anonymous poster on the PCGS message boards, with no affiliation whatsoever, to defend their honor. It is not as if they are doing something virtuous. At the end of the day they are selling common coins at exorbitant prices.
Stacks has had a few sets in their bullion auctions the last couple of times. I was rather shocked at the prices they were bringing.