Coin Vault Man should die.
psxchelly
Posts: 568 ✭✭
I cant believe the utter LIES this guy speaks! It makes me crazy. A 1997 silver Kennedy for 299$ ???? what in the world does he think he is pushing?? I cant believe he can get on a nationally televised program and just lie out his a$$ like he does.
chelle
Who is he kidding? 2995.00 for a AGE proof set?
chelle
Who is he kidding? 2995.00 for a AGE proof set?
0
Comments
The negative connotation of "used car salesman" will be replaced by "coin dealer" if Coin Vault Man continues on his quest to rip off as many people as possible.
upon the hobby. They deserve to rot in hell. They are vermin.
Best regards and happy collecting,
Brian.
i have never heard or seen this man and am just making comments based on the information on the thread
i myself do not personally believe in the value of watching any cable tv as for me there are much better things to do with your time.
from my experience in the coin game that there cant be any con men without greed, greed clouds the mind.....
for me sometimes people have to go down the wrong path to be able to get on the right path..............
and if you have money to burn to buy coins especially overgraded way overpriced coins and you do not have the good sense to first figure out what it is you are buying and the value thereof and believe everything that you hear....... oh well it is your choice and hopefully a lesson not repeated you are where you put yourself you can choose different or not the choice is up to you and that is okie either way you go i mean it is up to you........................
sincerely michael
<< <i>but if anyone buys from him without thinking and having knowledge in what they are buying it is their own fault >>
Sorry Michael but I cannot agree with that.
That statement condones fraud and deception laying the blame on the victims. This hobby should not tolerate greedy deceptive salesmen/dealer types taking advantage of new and uninformed collectors. Just because an individual jumps in water over his head does not mean he deserves to drown. It is one of the worst things that can happen to any hobby.
That statement really surprises me coming from you.
<< <i>from my experience in the coin game that there cant be any con men without greed, greed clouds the mind..... >>
The con men are the greedy ones and they know all to well how to seek out and manipulate their prey instilling a desire within them that would not normally be there.
The only thing necessary for evil to triumph is for good men to do nothing.
Lee
and it sets us apart from practitioners and consultants. Gregor
I got a LITTLETON catalog yesterday....I can't believe that they have a following of loyal customers that support them with the likes of what should be a $8 or $9 SAE coin for $17.95!!! So, they too, put a black cloud over the coin collecting community. JMOO!!!!
Their tactics are no different than the dishonest auto repair shops that sell goods and services that aren't required to those who know nothing about cars.
Why is it that the coin vault doesn't show that "nationally advertised catalogue" when quoting prices? It's because it's their own catalogue! That's deceitful. They wouldn't hold up a Red Book or a current issue of Coin Prices, because they know that would tell people where to look for themselves.
The only way they will ever stop is if dealers and collectors alike educate the rest of the public by telling them to stay away from the Coin Vault. Anyone who asks me anything about coins and collecting and my opinions, one of the things I aways tell them is stay away from the Coin Vault. Maybe, hopefully, if the word gets around to enough people, the Coin Vault won't stay in business.
The difference between them and Littleton, is Littleton does not command the audience that Coin Vault does. Neither do any of the other dealers that take out adds in the popular coin magazines. So no I disagree with that statement that those dealers do more damage. The majority of those people reading Coinage and Coins are probably people who already know at least a little about collecting coins.
Dennis
Looking for PCGS AU58 Washington's, 32-63.
(shortdj once again puts on his flame retardant suit)
<< <i>You mean A 1997 silver Kennedy for 299$ is not a good deal? Hmmm....I thought those were the most valuable of all the jfks.
Now we need Russ!
In my opinion, what they are doing IS fraud. Once he tells ONE lie, it is fraud- he has said grading costs at NGC for an ASE are $30- they are $11 each... less than $30 AFTER shipping. He has also said that the mint is out when, guess what, you can still order at 1/2 the price from the mint. Since I have never bought any of his crap, I can't say if his "Gem Brilliant BU Uncirculated" Morgans are whizzed/cleaned, but if they are, there is yet more fraud. If someone invested a little in his products and taped a few shows, it is possible that the BBB could be brought into the picture.
Jeremy
designset
Treasury Seals Type Set
I would hate to be the dealer who gets to tell them a few years down the road that the wonderful investment pieces that they purchased are worthless pieces of junk! That's the damage that they are doing - people who don't know anything are getting suckered into buying thier crap and when those people find out they will either be completely lost to the hobby forever or worse yet, they will start yelling to thier congressmen to regulate the hobby and that could be the worst thing to happen by far!
They are a plague on the hobby!
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
Like them or not, they are doing nothing illegal, and the same type of hype is written on these boards everyday.
<< <i>Like them or not, they are doing nothing illegal, and the same type of hype is written on these boards everyday >>
As if that was the point of this thread. I really wish I could morally convince myself as long as I do not break the law it is irrelevant who I harm and as such my actions are above reproach.
Everyone needs to do as dbldie55 says, close your eyes and accept it for what it is not, against the law.
The only thing necessary for evil to triumph is for good men to do nothing.
As far as the lieing part goes, That is a total rip off !
Now for the bad news, I mean worst news. You know they have to be selling products, because the wouldn't be on the air very long if they where not.
Does this mean there could be a market for Ebay TV ? Hmmmmm? Don't Laugh
This sounds like many dealers, even those who don't have air time. DHRC, for one, comes to mind. Their ads love to hawk common date (and common grade) moderns as if they're rare simply because many haven't been graded yet because the stuff is too new for the pops to settle down...
(No, I'm not talking real modern rarities like gem clad Ikes or special varieties.)
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
I'm not saying that greed isn't also bad. And, that pertains both to the sellers as well as the buyers.
Imagine if we clamped down on the TV sleazeballs... I bet that many TV buyers would scream foul! How paternalistic and condescending that would be to them. It's their money, and they're adults.
It's like classics collectors telling moderns collectors that they're stupid for paying $XXX for such and such coin in such and such grade. Or, telling VC's not to invest so heavily in those DotComs with no business plan and no product. What right does anyone have to tell those VC's anything?
And, if we got rid of the TV hucksters, they'd only be replaced by the same in another medium...
It's good to look after the meek, but let's keep things in perspective...
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
They make outlandish statements that cannot be confirmed by an uninformed public. For example, they are selling 45 years of Proof Sets 58-02, for $1149.00. They make a statement regarding the 95 set in particular "I would buy all of these I could find under $200.00" In it's purest form - not a lie, after all, you can buy it for $14.00, which is under $200.00.
They make references to coins going up in value by saying "there are plus signs next to this one every week", implying a grey sheet reference, without saying "Grey Sheet"
Regarding proof sets, they make a claim that all proof sets are climbing in value because of the volume of sets that have been sucked out of the market by "ShopAtHome Buyers" Disprove that one.
I have to hand it to them regarding their ability to make a buck.
They buy God only knows how many Silver Eagles and have them all reviewed and grade the 69's and 70's.
Then they take the excess and sell it in groups of year runs where price and value cant't be determined by a novice.
They take statehood quarters and get them all graded, they sell these overpriced "certified" sets at outrageously inflated prices. They then take all the MS or PF 65 or lower stuff and repackage it in their won sets, in their own packaging - coins worth a quarter. THey gold plate and platinum plate a quantity of them and sell them as special collector sets. The have gold plated five $0.25 coins, put them in a press in folder and packaged it in a clamshell. Their cost is probably $2.50 at most, including the $1.25 for the quarters. They then sell it for $9.99, and overcharge you for shipping.
They take oridinary statehood quarters that are winged and dinged and packge them in the same sets, couple them with other years and put a $29.95 price tag on a lot that costs $5.00 in coins and $2.00 in packaging.
Wait until someone who bought a 2002 MS69 Gold Set of Eagles for $1499.00 gets told by a store owner that most of these coins are 68 or 69 when they come from the mint and the coins are worth bullion.
I also dislike the way they associate themselves with NGC, which they then associate with ANA, to give themselves credibility. A novice doesn't know anything about ANA, so they think this is the Good HOusekeeping seal of Approval.
My fingers are tired.
<< <i>Imagine if we clamped down on the TV sleazeballs... I bet that many TV buyers would scream foul! >>
My guess is only a few would be upset that their place of purchasing coins has been shuttered. More buyers would be screaming Law Suit if they found out the true value of what they purchased. It's one thing to pay too much of things. That happens all the time. It's another when you are lied to and given false information to base your buying decision on. Are the advertisers in Coin World, or any other coin related publication, using false claims? Or are they just posting inflated prices and allowing you to make your own decision?
<< <i>And, if we got rid of the TV hucksters, they'd only be replaced by the same in another medium... >>
Television is the most powerful medium there is. It reachs far more people than any other. Where else could they go? Radio? Billboards?
I still would like to see them investigated by a news organization. They could give an unbiased perspective on it. If it's just good old fashion honest salesmanship, so be it. But if this is a real case of fraud, who better to expose it to the public?
Where's Alan Mendleson when you need him?
<< <i>write a letter of complaint to your government's Federal Trade Commission >>
<< <i>You want them shut down, then go to work! >>
Excellent suggestion DCAM. Of course this means someone here would have to actually sit and WATCH the whole program to gleam and track all the lies. Brrrrrrrr. Now THAT'S a punishment.
even more. Jewelry is marked up by 300% furniture by 250% and most retail products by at
least 100%. Let's shut 'em all down! Write your congresman and tell him that unless the scumballs
on TV start selling old coins for high prices that they all need to be stoped. By God those state quarter
collectors are ruining our hobby and crowding the REAL collectors right off the bourse floors. We need
government help to stop the influx of newbies in the hobby. We need government help to quash the
growing numismatic retail market. Heaven forfend that that the hobby should change.
It makes me sick to have to defend these people- - thanks.
But I still wonder why Tulving, or one of the other larger dealers doesn't simply enter the space and keep the market honest. That is the check and balance of a free market. IMO
and it sets us apart from practitioners and consultants. Gregor
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
BRAVO!!!!!!!!!!!!!!!!!!!! I couldn't agree with you more.
Best Regards,
Mike De Falco
Visit Our Website @ www.numisvision.com
Specializing in DMPL Dollars, MONSTER toners and other Premium Quality U.S. Coins
*** Visit Mike De Falco's NEW Coin Talk Blog! ***
<< <i>
<< <i>I still would like to see them investigated by a news organization. They could give an unbiased perspective on it. If it's just good old fashion honest salesmanship, so be it. But if this is a real case of fraud, who better to expose it to the public?
Where's Alan Mendleson when you need him? >>
Call your local TV station just before sweeps month and ask to speak to the consumer affairs reporter. Bring them evidence that Coin Vault's prices are inflated (Red Book, auction prices), and some testimonials from unsatisfied customers. Find an honest dealer or two who appreciates the value of everyone knowing his competition sells the same stuff for a higher price. In short, give them something to sink their teeth into and they'll run with the story.
Hey, did all of you get your
Gem Mint 10 Tiger Woods "rookie" cards when they were only going for "$5000" and well on their way to $20,000? I haven't seen one of those hawked by in many, many months.
roadrunner
I could give Coin Vault Man a run for his money. I'll call my show the
Super
Underrated
Coins &
Keepsakes
Everyone
Requires
SHOW
or the SUCKER SHOW for short.
c'mon, throw them off of tv? you mean censorship? is that which direction you want this country going? in this age of uncertainty, just throw the Bill of Rights out the window? since when is it wrong in the United States of America to set your own prices for the items you want to sell? what makes you think that the folks who buy that crap care about reselling it at a profit? may be the just LIKE the coins! are the coins really overpriced? or do YOU just undervalue them?
coin vault man should die? gimme a break. the washington area snipers should die. charles manson should die. adolph hitler deserved to die. josef stalin should have died much earlier. but a guy legally hawking his wares on tv in the best tradition of american capitalism?
i hope you think seriously about what you are saying. seems to me the real reason you can't get a groundswell of support to bust these alleged "scam artists" is because - there ain't no scam to bust.
K S
Also, I am in a similar business though with sports cards - I do know that the prices generally need to be higher due to large costs associated with network airtime. I believe coins generally have very small margins/spreads - thus the prices seem very inflated, where in fact the vendor is often probably netting only a market or slightly above market price on what is being sold.
My Website
"Everything I have is for sale except for my wife and my dog....and I'm not sure about one of them."
ahahahahahahahhahahahahhahahahahahahahhahahahah
he is good,at what he does sad but true,think about all those elderly people that will be giving these wonderfull gifts to their grand kids..........they just thought it would be a nice thing to do!
An open mind will support transformation.
Recognize life is full of change
and celebrate the opportunity.
"There is always a way to collect,Never surrender the hobby"