Anyone watching Pawn Stars?

MorganMan94

Just watching Pawn Stars and they had an 1867 shield nickel PF67* Cameo with rays, according to the guy the highest they had graded (looks to be NGC). The seller was asking $90,000. Of course Rick doesn't know a thing so they call a "guy". Appraised value was $63k and Rick offered $50k. Bottom dollar was 80k and no deal!



Sorry it looks like just a brief summary, I am not a quick typer and just trying to get the details before I forget

fcloud

Yep. Looks like it had a bunch of hairlines on that top pop. (I thought is was 66*)

MorganMan94

Hmmm, I thought it was a 67*, he said it was the highest grade and NGC shows one in 67, 13 in 66.

jmcu12

I love how he said it was a family heirloom yet it was sold at auction in April of 2011 for just over 63k at heritage....

Family heirloom my butt...

OperationButter

Originally posted by: jmcu12

I love how he said it was a family heirloom yet it was sold at auction in April of 2011 for just over 63k at heritage....



Family heirloom my butt...

What if his father bought it at auction in 2011 and passed away in 2012, leaving it to his son? Never know...

jmcu12

Possibly but in this case, IMO, 5 years does not qualify as an heirloom. An inheritance, sure, but not an heirloom.

I just googled the term heirloom and found this:

"a valuable object that has belonged to a family for several generations."


Again, IMO; this is nothing more than lip service and is tantamount to the over-usage of the word 'rare'.

Zoins

Originally posted by: jmcu12
I love how he said it was a family heirloom yet it was sold at auction in April of 2011 for just over 63k at heritage....

Family heirloom my butt...

It's a family heirloom, but perhaps for another family

Stork

I thought I heard him say he had it for 15 years. In a newish NGC slab anyway (prongs). From what I've seen Rick doesn't always seem to make much money on the coins. Or airplanes.

braddick

In popular usage, an heirloom is something, perhaps an antique or some kind of jewelry, that has been passed down for generations through family members.

ArizonaRareCoins

"From The Slotkin Family Trust Collection" Sold for $63,250 at Heritage in April 2011:

1866 Shield NGC PR-66* Cameo

giantsfan20

Why would anybody "attempt" to sell an item of such high value to a pawn shop ?

garrynot

All these sales and attempted sales are planned ahead of time.

ambro51

Considering auction house fees and time to pay the offer wasn't bad

ricko

The only time I watched that program was when Charmy (The Penny Lady) was the featured seller...

Reality programs are all staged...Cheers, RickO

Stork

Originally posted by: giantsfan20

Why would anybody "attempt" to sell an item of such high value to a pawn shop ?

I'm sure he had no intention of selling...unless Rick made a crazy offer. It's all about the publicity. I see lots of people fitting that kind of behavior.



In fact, though I doubt it, it makes me wonder if the Heritage sale was really a buyback and they are getting ready to sell. Or, depending on the year NGC started using the prongs, I wonder if it could theoretically be an old segment leading up to the sale in the first place.



Edited to add, never mind. I see the Heritage coin didn't have a pronged holder.

TwoSides2aCoin

Don't watch. Don't sell.

oih82w8

It's funny (convenient) how they have "experts" at their disposal within a moments notice.

2ndCharter

Reality programs are all staged

Just like some recent auctions......

CyStater

The expert "appraisal" appeared to just be looking up the cert number for the most recent auction results. lol.

VanHalen

A couple of PCGS 66s have sold for $100k+ so the asking price is not that far off even though this same coin sold for $63k 5 years ago. I don't see any PCGS or NGC 67s listed, or 66+ for that matter. A CAC sticker and/or PCGS holder would get him that $90k IMO.

asheland

Originally posted by: jmcu12
Possibly but in this case, IMO, 5 years does not qualify as an heirloom. An inheritance, sure, but not an heirloom.

I just googled the term heirloom and found this:

"a valuable object that has belonged to a family for several generations."


Again, IMO; this is nothing more than lip service and is tantamount to the over-usage of the word 'rare'.

Very true.

WillieBoyd2

For another coin on Pawn Stars, visit "Viking Coin on Pawn Stars" from July 2014.
http://forums.collectors.com/m...atid=6&threadid=922887

The coin was purchased from the ancient coin dealer CNG (Classical Numismatic Group, Inc).


Pawn Stars Viking Coin

jesbroken

Cheap way to get your item evaluated by an "expert". They probably go straight to the "expert's" shop when they leave Pawn Stars.

Jim

bigjpst

The show producers go around to coin shows, have adds on the internet and probably other places looking for interesting things to put on the show. You submit your items, and if they like them, they will schedule a time for you to go to Vegas and attempt to deal with Rick. Because they know exactly who will be there on which day of filming, with which rare item, the experts are all there. I believe that the intention to sell is mandatory(for the right price), and if you go too ridiculous with price, you won't likely make the show. Unless of course the item is really cool and they like the story.



Same thing goes for the storage wars. You want to get some publicity for your cool stuff, contact them, and they will "Find" your favorite item in a storage locker and even come to you as the expert they are trying to sell the item too.

Greeniejr

Originally posted by: jesbroken
Cheap way to get your item evaluated by an "expert". They probably go straight to the "expert's" shop when they leave Pawn Stars.
Jim

David Vagi is extremely knowledgeable as he is the head grader and I believe finalizer ATS in their ancient department. His knowledge of ancient coin authenticity and grading is highly regarded by those who believe in slabbing ancients.

When it comes to filming, they film several segments of one type at any given time so they can fly the expert in once and get 5-10 segments out of it. Vagi is probably treated like the guy from PSA/DNA who is their autograph expert. I am guessing the lady they use for books, who actually has a store in Vegas, is likely used when they need a last minute filler.

Stork

Originally posted by: jesbroken

Cheap way to get your item evaluated by an "expert". They probably go straight to the "expert's" shop when they leave Pawn Stars.

Jim

In this case the expert is a finalizer and pretty knowledgable guy at NGC. So, no shop to go to. Someone above mentioned getting the coin into a PCGS slab or stickered...I seriously doubt the NGC guy would recommend those options .



I AM curious about the backstory here...the 'family heirloom' (my DH confirmed the 'it's been in the family for 15 years comment--he remembered it too) re-slabbed and ? going up for sale again? I don't follow coins like this so I'll probably never know.