Options
Another Coin Vault observation
Cladiator
Posts: 17,932 ✭✭✭✭✭
Anyone else annoyed by the fact that Robert Chambers (the regular host of Shopathometv's Coin Vault) is constantly saying that when buying silver dollars, mostly Morgan and Peace, you are getting "1 solid ounce of silver" per coin? He does it for half dollars too, saying you are getting "1/2 ounce of silver" per coin. Do you think he honestly doesn't know that a silver dollar only has .77344 oz. of silver and a half dollar only has .36169 oz. of silver or do you think he is fudging the facts to sell more? No big deal I guess...I just find it bothersome and another sample of their less than ethical practices on the show.
I still love watching it for entertainment value though
I still love watching it for entertainment value though
0
Comments
1. When describing a $50 Gold Eagle, He said it was the "highest denomination produced by the U.S Mint". So much for the $100 Platinum Eagles. I guess he just forgot, but they offer those as well.
2. Describing a "bankers" roll of 1964 Kennedy Halves as GEM UNC. These are common halves that most dealers sell for 4x face. They were selling them for $99.99, Most grade around 60-62. Those are NOT gems. Alot of people buy them just to invest in silver.
3. Describing ICG graded MS70 silver eagles as the " best quality you can obtain out there, very few make it to MS70" BULL CRAP!. 40% of silver eagles make it to MS70 at ICG. ICG has the most lenient modern grading standards. If anyone disputes that, they are smoking crack.
4. Selling NGC graded common foreign cold, such as Russian Rubles, French Roosters, Swiss francs, etc, and describing them as RARE. BULLCRAP. These foreign gold coins from the early 1900's are more common that modern gold eagles. THATS A FACT! Ask any expert on the darkside if you don't believe me.
Swiss banks still have them in BAGS!
There are numerous other examples, but would take up too much memory in my hard drive.
I am keeping a detailed log of his lies for eventual action by the ANA. I am hoping that similar hearings can be held that were held to out the ACG Hagar demons. I doubt that any of the TV show
vermin are actually ANA members, but the consumer has to be protected against their numerous lies.
Other federal agencies will be contacted as well to protect the consumer. My dream is to eventually
see them outed by Dateline or 60 minutes, but I guess they have bigger fish to fry.
Did he forget about the 1917 SLQ? That one also changed design in the middle of the year.
They are like used car salesmen, they make up anything for the salespitch, regardless of the truth.
I am firmly convinced that any one of them would sell their grandmother on the open market if he thought he could get a $1 for her.
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
The fact that we have all been taken in as newbies does not translate to endorsing it as a rite of passage. A lot more will be driven away when they realize they got screwed than will be brought into the hobby. As people who have been down that road it is in our best interest to educate newbies and steer them away from fraud.
Everything is linear if plotted log-log with a fat magic marker
You are 100% correct, but with the likes of Steve, the ends justify the means. You will always find defenders of vermin like Coin Vault and Littleton, because they think it brings more people to the hobby, but more collectors leave the hobby after they realize they were royally screwed.
I have never once, not once ever heard him say that a morgan or a peace dollar is one full ounce of silver.
Yes, he has said that a SAE was one full ounce of silver, but never a morgan or peace dollar.
At times, he is very educational, and gives good information about coin collecting, which can help the new coin collector. IMHO
Hey, this is america, if someone wants to sell something for double its worth, they have the freedom to try.
Just like we have the freedom to say no to their price.
One of my points is that you seem to think that by commenting on THIS board about Shop at Home's Coin Vault, that somehow the people who watch the show will not buy. Your comments are being read by people who do NOT buy at SAH. Your comments are being read by people who WATCH the Coin Vault because it is about coins and they love coins. I consider myself a person who enjoys the show and recognizes it is on the air to make money. It gives the hobby publicity and that is good. Nobody is being taken "big time". It is like any retail business. Why not buy a green monster box this week. Have fun. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Yes, anyone can charge double, you just do not have to pay it. If you sell an ms65 coin for twice the trend, more power to you. But when you sell a questionable AU and call it ms65 for double the 65 trend, you should be hung out to dry.
You are doing well, subject 15837. You are a good person.
<< <i> I think it was this guy (or another one, I can't keep them apart) that said that that 1908 St Gaudens No Motto was THE ONLY COIN in U.S. history that the design changed in the middle of the year so that the motto "In God We Trust" was added.
Did he forget about the 1917 SLQ? That one also changed design in the middle of the year. >>
Sorry Tootawl but he is correct. The Saint-Gaudens 1908 Eagle and double eagle WERE the only US coins to ever have their designs changed in mid-year to add the motto In God We Trust. On the 1917 quarter they added the stars and the chain mail but not the MOTTO. You have to watch what they say closely. Their statements are carefully crafted to be accurate but to also cause the listener to infer things that aren't always true. But they don't actually say those things because they COULD get in trouble.
For example in Wingliberty's quote
<< <i>When describing a $50 Gold Eagle, He said it was the "highest denomination produced by the U.S Mint". So much for the $100 Platinum Eagles. I guess he just forgot, but they offer those as well. >>
If he says ""These $50 gold eagles are the highest denomination produced by the U.S Mint". then he is correct! The $100 platinum is not a gold eagle. Language and EXACT quotes are important. You may think I am ni-picking but it is precisely those little nits that let them get away with what they do.
<< <i>Are You Talkin about these used car salespeople >>
*cough* I believe that was mine
<< <i>Your comments are being read by people who WATCH the Coin Vault because it is about coins and they love coins. >>
I come here because I love coins.
I watch the Coin Vault (occasionally) because I know enough about coins to enjoy the absurdity of the show.
I watch the show for entertainment (often with the sound down). It doesn't especially bother me
that they grossly overcharge most of the time. They do have high overhead and it's obvious they
can't make money selling at bid. Many times these prices aren't so much outrageous as merely
higher than what we're used to. While overgrading may be a problem at times, it apparently is not
their typical M.O.
It does concern me that they often will misstate reality and sometimes for their own benefit. Whether
such misstatements are often inadvertant or not seems to me to be irrelevant. Much of their real val-
ue is as an educational nature and inaccuracies and less than factual statements detracts a great deal
from this. One of their competitors actually managed to make about twenty consecutive statements
which were wrong. Some seemed to be outright lies and others missed the facts by narrow or wide margins.