This is disturbing - ShopCSNtv

JapanJohn

I've got a glorious case of jet lag and work up fresh as a daisy at 0200 this morning. Popped on the tube and shopcsntv.com has their quarter sets for sale. How does this guy sleep at night.

I hit their web page and it's possibly worse than the commercial. Their prices are OUT OF CONTROL. A set of Proof Sacagawea's graded from a third party grader is $599. AAAARRRGGHHHH. And that's only one example.



John

Coin Harlots

LastExitInNY

I think I saw the same show, they were selling an NGC FS PF69 Gold Buff for only $1,999 ...... they said they expect prices to go up to a crazy amount soon

1977topps

<< <i>How does this guy sleep at night. >>



Vampires don't sleep at night.

Leiana

<< <i>

<< <i>How does this guy sleep at night. >>



Vampires don't sleep at night. >>





-Amanda

xbob

They are just as guilty as the telephone marketers that pro-actively try to convince people why their overpriced coins are such a valuable deal. It's a total con!

The coin posse, ANA, U.S. Mint, and perhaps even the TPG's should band together to create a consumer awareness campaign about these rip-offs.

Unfortunately, the buyers won't know that they were screwed until they try to sell or ask a real collector or dealer. Probably lots of $$ and time later - if ever.

On second thought.... some people NEED to learn the hard way. A fool and his/her money are soon parted. Right? That may be another way of looking at it, but it would be a shame since it probably leaves the ripped-off buyers with a horrible distaste (and distrust) for the hobby.

coinmickey

The coin posse, ANA, U.S. Mint, and perhaps even the TPG's should band together to create a consumer awareness campaign about these rip-offs.

Maybe 2 of the 3 would do that but who do you think is making a load of money grading these coins?

Leiana

<< <i>The coin posse, ANA, U.S. Mint, and perhaps even the TPG's should band together to create a consumer awareness campaign about these rip-offs. >>



The mint does have an awareness program out there for the companies like The Collector's Mint or The Washington Mint or what have you.

Here it is.

It even mentions colorised coins!

-Amanda

Michigan

<< <i>

<< <i>The coin posse, ANA, U.S. Mint, and perhaps even the TPG's should band together to create a consumer awareness campaign about these rip-offs. >>



The mint does have an awareness program out there for the companies like The Collector's Mint or The Washington Mint or what have you.

Here it is.

It even mentions colorised coins!

-Amanda >>




More effective would be TV commericals to warn people of these ripoffs. The web site is nice but won't
reach very many people.

guitarwes

Did anyone catch Robert's sidekick say that a coin was AU60 the other night??

Robert paused for just a second, like he was in disbelief that this guy would say something like that on live TV, and recovered by saying that these were all "high grade coins". I think they were on one of there Peace Dollar hoards!

Barndog

people fall victim to this kind of marketing way too much. I helped out a really old guy (around 90) last year...he had purchased some gold coins from a company in Texas. The coins were American Eagle gold slabbed by PCGS (69s) and sold to him at double bullion value. He couldn't understand why his coins were worth so little relative what he paid when the company representative's pitch, letterhead, and business card all had references to US Mint on them.

dcarr

Just about EVERYTHING touted for sale on TV has a huge markup. And the smaller the market, the higher the markup. Coins are no exception. The difference between wholesale and retail prices for jewelry is often 500% or more.

silverpop

That's why i never buy anything that is sold on these late night selling shows

Total rip offs, sorry if i want a coin, i'm going to my local coin shop and buy

Gemineye

Comon.......these guys are the real deal ..the market makers.....the specialists........they created the coin market internet market...!!!