These 5 modern coins were flying out the door at 900 bucks

pennyannie

I was surfing the TV and stumbled across the big Franklin, Ike dealer and he was selling these 5 coins- 1.1971 s ms 65 graded by NGC, 2. Ike 1976 S type 2 dcam pcgs pf69, 3. Kennedy 1964 pf 69 ngc, 4. Kennedy 1985 s pf 70 dcam pcgs and the final and 5th coin was a 1956 Franklin type 2 pf69 NGC. All coins were white and he claimed it was almost impossible to find haze free coins because most have haze and were ruined due to haze being on the coins and he had to search high and low to find haze free proofs. I suppose he does know you can dip them These were 900 plus shipping. Deal or no deal? He sold almost 20 sets in 10 minutes and then a bunch of the same 1 grade lower for 500 bucks. I did not realize these were smoking sekkers at this time. He wrote the book so he is the expert right? Claimed he could not sell a coin he did not believe in.

lcoopie

There are even stores now in the mall
my buddy eagerly showed me
that only sell
"as seen on TV" brand products

People are hypnotized and the general population lends great credibility to TV
and some cannot think for themselves.

JohnMaben

This is exactly why I started moderncointv.com (MCTV). Same concept for those that like it, hype replaced with history, and prices that make sense when compared to websites and eBay. The biggest obstacle I've had is that because it is internet based a portion of these buyers still don't use the internet or use it infrequently. I believe that as time marches forward, there will be less of the internet challenged buyers. Coming up on our one year anniversary, we're contemplating a 6 hour long live show.

I know for most of us here, it's difficult to even imagine buying from TV but there is a very large segment of the market that gets a charge from buying this way, perhaps from being familiar with HSN, QVC, etc for decades.

John

CarlWohlforth

That is one heck of a markup!

lasvegasteddy

can you imagine...
hi hunny look what bought for you today off the tv while you was at work

pennyannie

I do not begrudge abyone making a living but some of the tactics they were using to sell these coins was... He showed page after page of ebay sellers with 30k feedbacks with coins listed for way more, he did not use completed ebay sales for the numbers. This is the guy that wrote the book. I do not know what percent mark up is fair but i would think that a collector would have a hard time trying to resell after hearing all the praises and reasons to buy these coins.

Seemed like a lot of misstatements. I am not a modern collector but i do not bash them. I was born in 1963 so some of these moderns seem old to me. I feel old at 49. I do not feel the need to protect people from themselves but this guy was really bending or twisting on some of the things he was saying.

According to him and his phone operators they were selling sets every minute. The plated state quarter guy gets on my nerves but this one was worse than Chambers and you know he knows he was being mis leading


Layered in .00000000000159 microns of gold for $99 no $69, no not even 29 but for the first 500 callers you can have them for 9.99 each with a strict limit of 5 per family ,just pay the seperate postage and handling. Looks like they could buy a slightly bigger box.

I felt like he was going out of his way to show the buyer that he had done the homework for them and he wrote the book so no need to reasearch whAT he was saying.

I ordered 3 sets sent C.O,D. to lasvegasteddy so he would not miss out of this once in a lifetime deal. No thanks nessassary Teddy

johnny9434

people are really unaware at times. what a bummer

BryceM

The really, really frightening thing is that one day each of us will grow old. Our mental and physical abilities will start to slip and then we too will be fodder for scam artists. Who knows, by then I might consider watching QVC as a rip-roaring way to pass the afternoon. Enjoy every second now cuz it's a one-way trip! These coins will be around a lot longer than we will.

Woah, that's a bit morbid for a Sunday afternoon huh?

epcjimi1

I've seen the coin selling shows on Directv, I'm skeptical that coins sell at the rate claimed on those shows. Rather, it's a tactic to induce people to buy, MHO.

pennyannie

<< <i>The really, really frightening thing is that one day each of us will grow old. Our mental and physical abilities will start to slip and then we too will be fodder for scam artists. Who knows, by then I might consider watching QVC as a rip-roaring way to pass the afternoon. Enjoy every second now cuz it's a one-way trip! These coins will be around a lot longer than we will.

Woah, that's a bit morbid for a Sunday afternoon huh? >>



You have hit the nail on the head, my parents are in their mid 80's and i find they are starting to have some issues with judgement and my father was a DA, Judge and an attorney at law for over 50 years. My mother was had a teaching degree but never really had a job. There A/C took a dump last year and the service company told them it was going to be 14k to fix. Actual cost to repair was a contactor for less than 100 bucks. System was about 6 years old. Same issues at the Cadillac dealer.