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DHRC versus SAH
ER
Posts: 7,345 ✭
It just hit me.
What's the difference between DHRC hyping the 2003 GAE set PCGS MS70 for nearly $8K,
and those SAH guys selling their coins for an arm and a leg? NONE! ZIP! ZERO! NADA!
I have come to the point where I really couldn't care less what these guys do to sell their coins. As long as there are suckers, ....uhm, I mean people, out there buying into the hype, so be it. Not for me, though.
What's the difference between DHRC hyping the 2003 GAE set PCGS MS70 for nearly $8K,
and those SAH guys selling their coins for an arm and a leg? NONE! ZIP! ZERO! NADA!
I have come to the point where I really couldn't care less what these guys do to sell their coins. As long as there are suckers, ....uhm, I mean people, out there buying into the hype, so be it. Not for me, though.
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The label is subjective, at least that is what everyone says!!
Wait, for 8k are fingerprints included? That would make it a 2k set!!!!
NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!
WORK HARDER!!!!
Millions on WELFARE depend on you!
whereas SAH sells most items at retail prices. While both of these are retail
price levels collectors are not accustomed to seeing any coins trade at a true
retail level. Furniture, jewelry and most consumer products are routinely marked
up 200 or 300% but this is unusual for coins. Some people have told me that they
are quite happy with the price and quality of the computers, clothes, jewelry etc
being sold on TV. The prices are very competitive because these markups are the
industry standard. Many collectors expect and succeed at buying at ask and sell-
ing at bid. This is the anomaly.
The quality of the coins being sold on TV is always fair. They insist on decent coins
and then they sell them for what they are. ...And at a markup which is similar to other
markups. Yes, their spiel is often annoying or offensive and they may play more than
a little loose with the facts, but they are simply selling something which has never be-
fore been sold in this venue. It's possible some buyers might feel they were over-charged
and leave the hobby in disgust, but there are far more who are learning that coins exist
at all and are getting an introduction to the hobby. These people will soon learn that
there are far less expensive ways to buy coins and move on anyway.
Most dealers probably have an almost impossible job of surviving on the spread between
bid and ask. Even the coins which trade at industry retail do not present the kind of pro-
fits that are available in almost any other merchandise. When the hobby regains some more
robust health there will be far more coins going at retail and the TV sellers will not appear to
be quite so high. In the unlikely event they ever become truly competitive it should be remem-
bered that it was they themselves who helped get the market to that point.
sincerely michael
<< <i>what is sah?? thanks
sincerely michael >>
Shop At Home. (Coin Vault)
now not to sound like a wise guy
waht is the coin vault and could you tell me something aboujt them??
sincerely michael
Glenn
TURN OFF THE TV, & get a real life
<< <i>They hype their wares unmercifully and tell viewers what a great value and investment these coins are. It's a complete ripoff. >>
of course, that's because YOU just happen to know that EVERYONE who buys coins is doing so for the financial investment, right? of course, there's nobody in the whole country who just happens to buy such coins because, gee, they just happen to enjoy owning them, regardless of the price, right?
jeeeeeez, i guess everything in life has to be valued in dollars & cents to determine whether its a ripoff or not
<< <i>Last year they had and sold thousands of NGC graded SAE's for hugh profits >>
of course, they'd be good guys if they were selling at small profits. i mean, that's how you know someone's a good guy, right? like, that's what makes david-lawrence (for example) such a great company - small profits. their coins are hardly marked up over retail at all
K S
THEY COME NICE.
NICER THAN ANY PREVIOUS YEAR BY A LANDSLIDE IMHO.
I assume DHRC simply did not know this when they prepared their flyer and set the price a month or so ago, because I seem to recall the flyer mentioning something about a very limited amount of sets available (please correct me if I am wrong on that wording). This issue in PCGS-MS70 is far from "limited" obviously.
If I were DHRC, I would simply acknowledge that the quality of the coins in 2003 shocked them once they determined the incredible quality of the Mint's work this year. I would also not be surprised to see these coins trading at levels in line with the "pops".
Wondercoin
<< <i>It just hit me.
What's the difference between DHRC hyping the 2003 GAE set PCGS MS70 for nearly $8K,
and those SAH guys selling their coins for an arm and a leg? NONE! ZIP! ZERO! NADA!
I have come to the point where I really couldn't care less what these guys do to sell their coins. As long as there are suckers, ....uhm, I mean people, out there buying into the hype, so be it. Not for me, though. >>
ER- Absolutely! I find their hyping of the set to be quite similar to that of Shop At Home. Their newsletter is kind of like reading the comics. A laugh a minute. If they are hyping it, take your time and look around. Since plenty of them have just been made!!
But Michael, just watch the SAH for just 20 minutes at a time. That is all your digestive system will be able to stand.
At least DHRC does not just sell this kind of stuff. Sure they have increased their emphasis in this area but they have not forgotten the true collector and nice mint state classic coins for their inventory.
now remember i do not believe in cable tv at all
to me it is a total waste of time
and for me just plain wrong
i also rarely watch just regualr 5 station tv also a huge waste of valuable time in my opinion
sincerely michael
network. These likely have broadcasters in your area. The third one is cable only. I have to watch
but will usually have it muted.
I believe you need cable TV channels to see them in action.
Ooh, I like the cable TV to see the History channel. To me that is worth the price alone of cable TV!
Remember all the good stuff that the major TV stations used to have years ago were bought by the special interest channels such as the History Channel. You are fighting a losing battle.
<< <i>
Remember all the good stuff that the major TV stations used to have years ago were bought by the special interest channels such as the History Channel. You are fighting a losing battle. >>
OK. This is off-topic, but all that good stuff that used to be on TV is now
cut up so badly to squeeze in more commercials that the only reason to
watch it is nostalgia. Programs that used to be 28 minutes are now 18 or
19 minutes. These have been getting trimmed like this for half a century
and in most cases the original was lost long ago.
but since i hate shopping in mass retail stores for any kind of non necessity consumer goods
as i never really buy anything or go to these stores at all
this will also be a first for me............lol
life is always full of surprises
sincerely michael