Home› Buy, Sell, & Trade - U.S. Coins

Question for coin collectors.

RobMM77RobMM77 Posts: 610 ✭
in Buy, Sell, & Trade - U.S. Coins
A good friend of mine recently purchase the State Coins from HSN (Home Shopping network). These include the gold plated coins as well. He paid about $174 and was wondering now if there is any market for these in the near future. I know nothing about coins so I am looking for advice to give him. Thanks for your help and Happy Thanksgiving............Rob
"Si Vis Pacem, Para Bellum"
(If you want peace, prepare for War).........Semper Fi

Comments

  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    The collecting community frowns on these. They are worth a little over face value as a novelty item, but nothing as a collectible.

    The best advice you can give is

    1) Buy the book before the coin
    2) Return them if it is an option
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • RobMM77RobMM77 Posts: 610 ✭
    Ok, thank you. He was thinking it was a great investment. I was so sure since it was off of HSN. Thanks for the advice.......
    "Si Vis Pacem, Para Bellum"
    (If you want peace, prepare for War).........Semper Fi
  • tgilliamstgilliams Posts: 1,969
    The Gold Plated Coins are worth $.25 each. When they plated the coins they lost any and all value. They are considered "ALTERED SURFACES". That means they are now virtually worthless unless he can find someone that likes altered coins. Tell him that you should never buy coins on TV. They are an almost worthless coins.
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
  • BigE2BigE2 Posts: 1,037 ✭
    Rob- Tell him to return them to HSN. If he still wants to collect them, probably someone on this forum could help him with that.
  • michaelmichael Posts: 9,524 ✭✭
    use in pay phones, vending machines and laundrymat washers and dryers

    better yet call this home shopping network and see what their buyback cash buyback is

    then you got the real value
  • goose3goose3 Posts: 11,471 ✭✭✭
    Rob....

    would you buy sports cards from HSN or ISHOUTATHOME?

    same "deals".

  • adrianaadriana Posts: 581 ✭✭
    TAKE ADVICE FROM COIN COLLECTORS BEFORE YOU EVAR BUY ANYTHING ON TV. MOST OF THE JUNK THEY HAVE IS WORTHLESS! EVEN IF IT IS WORTH SOMETHING, IT'LL TAKE YEARS AND YEARS, AND MORE YEARS BEFORE YOU COME OUT EVEN. WISH DEALERS WOULD GET TOGETHER TO STOP THIS FLEECING OF BEGINNING COIN COLLECTORS
  • slideridersliderider Posts: 1,834
    Those are as bad as the enameled coins you see from time to time. The colors look nice, but all they are worth is whatever someone is willing to pay for it as an ornament. They will have no numismatic premium.
    image
    image
  • RobMM77RobMM77 Posts: 610 ✭
    Thanks for the advice. You right goose I would not buy cards off of HSN. I also didnt know that the gold ones are considered altered. I will somehow break this to him.........thanks again guys.......Rob
    "Si Vis Pacem, Para Bellum"
    (If you want peace, prepare for War).........Semper Fi
  • lordmarcovanlordmarcovan Posts: 43,658 ✭✭✭✭✭
    Tell him to run away, fast and far, from EVER buying any coins off television again.



    << <i>He was thinking it was a great investment. >>

    I cannot conceive of a worse investment, except maybe Enron or WorldCom stock.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • lordmarcovanlordmarcovan Posts: 43,658 ✭✭✭✭✭
    PS- the gold plated novelty quarters are kind of fun, even though worthless numismatically. However, I would never pay more than a dollar each for them, strictly as a novelty. In fact, that is just what I did at the last show I attended. Bought a bunch of different goldplated state quarters at a buck a pop, priced 'em in my coin booth at $2.50 a pop, and they sold pretty well to noncollectors.

    But my booth was in a high traffic area in a mall, where lots of kids passed. Later I moved the booth to an area that got less attention from the general public and my customers were pretty much just coin collectors from then on. This means I couldn't give those stupid gold quarters away, even when I marked 'em down to my cost. Just the other day I gave the remaining ones away to my nephews to get rid of them, since my coin booth space is rather limited and I would prefer to reserve it for "real" coins.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • RobMM77RobMM77 Posts: 610 ✭
    Thanks for the advice. I have to slowly break the news to him. Maybe over time there will be a market for state coins.
    "Si Vis Pacem, Para Bellum"
    (If you want peace, prepare for War).........Semper Fi
  • lordmarcovanlordmarcovan Posts: 43,658 ✭✭✭✭✭


    << <i>Maybe over time there will be a market for state coins. >>

    Maybe.

    ...By the time his great-great-grandchildren are collecting their social security pensions, if that still exists then. image

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • MICHAELDIXONMICHAELDIXON Posts: 6,540 ✭✭✭✭✭
    I have to slowly break the news to him.

    Give it to him fast and furious! Slowly, means you are giving him time to waste additional funds in junk. You aren't doing him a favor by slowly breaking the news to him. Get a set of cahonies, boy!
    Spring National Battlefield Coin Show is April 3-5, 2025 at the Eisenhower Hotel Ballroom, Gettysburg, PA. WWW.AmericasCoinShows.com
  • BAJJERFANBAJJERFAN Posts: 31,138 ✭✭✭✭✭
    << Maybe over time there will be a market for state coins. >>


    There is one right now; its called "making change". image
    theknowitalltroll;
Sign In or Register to comment.