Now I know the end is near for the coin bull market.

Russ · January 28, 2007 4:36AM

I got a spam eMail today from some outfit called WallStreet CoinBuyers. They're paying more money than "any other coin dealer in the world".

They even have the expected cheesy web site.

Russ, NCNE

ziggy29 · January 28, 2007 4:38AM

The good thing is that these outfits usually only care about the number on the slab, and not so much the quality of the coin relative to the stated grade. Let the investors and speculators buy all the maxxed-out Peter Principle coins.

planetsteve · January 28, 2007 4:39AM

They also have a blatant rip-off of the most respected name in the grading industry. In fact, they don't even bother to explain what "DCGS" stands for.

Now that they mention it though, I am tired of paying safe deposit box fees. What better reason to liquidate my entire collection?

Cladiator · January 28, 2007 4:39AM

Featured on their front page is a DCGS MS67PL Delaware State Quarter

kalshacon · January 28, 2007 4:40AM

"DCGS", kudos for their originality.

ziggy29 · January 28, 2007 4:40AM

<< Featured on their front page is a DCGS MS67PL Delaware State Quarter

>>

That's when you know they're not just some pump-and-dump boiler room, but also one with very questionable ethics.

Russ · January 28, 2007 4:41AM

<< Now that they mention it though, I am tired of paying safe deposit box fees. What better reason to liquidate my entire collection? >>

Yeah, I thought that was a rather lame enticement to sell.

Russ, NCNE

Pentimento · January 28, 2007 4:42AM

I like the slab though. It looks like bulletproof glass.

TWQG · January 28, 2007 4:47AM

More coin crooks seem to come from Floriduh than anywhere else.

LindeDad · January 28, 2007 4:50AM

I thought Wall Street was in New York? There address is Florida.

As bad as those Salsa ads.

Animalkeeper · January 28, 2007 6:21AM

Misspellings and bad grammar. Sure signs of a great web site and a future power house in numismatics - not!

Worse yet - they don't even have a clue of the business. MS67PL Delaware quarter!?!?!?!?

Myqqy · January 28, 2007 6:36AM

I like how the 3d holders stand up, so you can display all of your accurately graded state quarters...

airplanenut · January 28, 2007 7:04AM

Haven't seen DCGS in years...

If they had a public email address, I'd have some fun with them...

nickel · January 28, 2007 7:42AM

Reading the paragraph Our Mission, they mention
"distinctive collectibles" Maybe DCGS stands for
Distinctive Collectibles Gold Silver .
PS-- if they pay 8.2X for 90% , and I pay 8.3X
at my next show , is that false advertising?
Should I call them on that?

OldTimeHunter · January 28, 2007 8:01AM

<< Haven't seen DCGS in years...

If they had a public email address, I'd have some fun with them... >>

Can't find an email address for them but found this:

TIM RYGH
1112 WESTON RD
WESTON, FL 33326
(561) 487-9955

same address as the website.

cheezhed · January 28, 2007 8:04AM

http://www.dcgscoins.com/

http://www.dcgsinc.com/

mrearlygold · January 28, 2007 8:19AM

Where oh where is that great leader of lawyers, that dapper defender of collectors rights, that giant among fellow miamians, C-H-U-C-K L-I-P-C-O-N when ya need him?

foodude · January 28, 2007 8:56AM

And according tom the website, the holder is covered by a patent.

Here are two with Seligman et al. listed as inventors:

'546

'227

roadrunner · January 28, 2007 9:49AM

For years (or decades) there have been buyers advertising in the back of Coin World claiming to be the highest buyer. In fact probably none of them are, therefore they too are liars. Certainly not a sign of a market top. Dealers like this come and go in all types of markets, and rarely are they the highest, or even a strong buyer of anything. But I'm sure they offer strong buy-backs on their "DCGS" Delaware state quarters.

roadrunner

mrearlygold · January 28, 2007 11:16AM

<< . But I'm sure they offer strong buy-backs on their "DCGS" Delaware state quarters.

roadrunner >>

Lakesammman · January 28, 2007 12:10PM

Man, enough typos to make you cringe.

BlindedByEgo · January 28, 2007 12:34PM

Sadly, the unaware will be hurt by them at some point. Maybe not many, certainly no one who spends time here. But someone will fall for their line.

seemyauction · January 28, 2007 12:59PM

<< Haven't seen DCGS in years...

If they had a public email address, I'd have some fun with them... >>

they do have a public email just add webmaster or info to @wallstreetcoinbuyers.com.......

if the address is not valid it will get dumped into a "catch all" wallstreetcoinbuyers.com mail box......

AL

GoldenEyeNumismatics · January 28, 2007 9:24PM

DCGS=Dumb Company Grading Service

Russ · January 29, 2007 2:24AM

Now this spammer just tried a telemarketing call.

Russ, NCNE

Longacre · January 29, 2007 2:25AM

I can't believe that they don't proofread their website.

mrearlygold · January 29, 2007 11:41AM

<< I can't believe that they don't proofread their website. >>

I'll bet the Florida State Attorney General will , although that great great litigator, that savior of the collector, that lawyer among lawyers, Chuck LipCon would do an even better job.

Now I know the end is near for the coin bull market.

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