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Coin Collecting With Tyler's Blog

13 Apr 2020

This is making me angry!

| Coin Collecting With Tyler

Last night I was watching a coin show from the Home Shopping Network ( HSN), and it blew my mind how expensive there prices are for their coins. When I was watching tv that night I saw them selling a 1921 Morgan Dollar and a 1922 Peace Dollar for 150 dollars. I am like are you serious right now! I can go to any local coin shop in my area or even go on eBay and buy these to coins for less than 50 dollars in BU Condition. That night I went on eBay and I saw someone selling the same set for 62 dollars. As a YN I try to buy coins on good deals and I look for quality not quantity. I was so angry that HSN was ripping people off that don’t know enough about coins to know what the real prices of those coins are. When I watch this show I really laugh at there sales tactics! The one person I hate on this show is Mike Mezack who is always saying “ This is a limited edition coin and you can’t get it anywhere else”. The next thing he was selling was a 2020 Proof ANACS Silver Eagle for 180 dollars and he was saying that these coins were out of stock. So I wanted a prove a point I went on eBay and I saw someone selling a Proof 70 2020 silver Eagle for 100 dollars graded by PCGS. Folks be careful what coins you buys and we’re you buy them from talk to a reputable coin dealer in your area and he will tell you what to buy and will give you a good price. Here are some of the HSN Stupid Pictures below!Thanks,Tyler Jorgenson

Comments

DaNumisMasta

Level 5

Understandably so... I see the same kind of thing all the time. It makes me furious.... Cheers, NM

Mike

Level 7

Since i cant message you . Heres away to save money. First get the NGC Verifacation app. When you see a NGC Franklin p ut the cert nuber in and grade. Up will come all the information on that coin and most of the time the value of the coin. I saw a Franklin on ebay looked good. I took the cert and put it in the app. It was worth double what he was charging. Some of these sellers dont know what they have. P.C.G.S has the same app not to many prices. But yiu save money. Check the sellers record how many coplaints and neautral ones. If hes a hundred % you cant beat that. Serch it on your browser you will see it download it. And your set for any one on T.V. Or ebay. I have a coin i won at auction. The NGC price is.double the winning bid. So many ways to use this. Lots of luck on your Franklin's. I have all the proofs silver. For the best price.i could fined. Remember i bought mine many years ago they were allot be careful make sure thats the xoin you get he might have a dunch of the same coin. If he does the gradecand price will be the same. . He will not charge more for thebsamencoin and grade.

I. R. Bama

Level 5

Great tip Mike, thanks!

Long Beard

Level 5

Good for a laugh on a late night with nothing else to do when you can't sleep. I particularly find the two chuckle heads on the other network humorous telling me how rare a coin is with high mintage numbers. Guess they mean the slab with a fancy theme and name.

Mokie

Level 6

They remind me of Littleton, so much overhead from advertising and promotion, they have to charge a premium for their coins. Similar buying demographic, persons that answer a magazine ad in Parade Magazine or on HSN are usually not well versed in the realities of the coin market.

if that walker was a FD, I might have been willing to pay the higher tag, but on closer examination its really not an impressive example; bad strike, and appears to have overall poor eye appeal.

user_38732

Level 2

It's unfortunate people paying these type of prices. But if you think about it, considering how much the company is paying for air time on TV, they almost HAVE to charge this much in order to keep their business alive. Am I saying it's right? Absolutely not. But it is what it is, I suppose

Mike

Level 7

Sorry Sam i agree. T.V cost more than coins. Think if you threw a brick at 20 T.V. Lets say 40in. The works how many sets would you have today. None. Your wife is right! I record it so i can laugh when shes not up. Its great fast forward a five hour show.in five minutes makes more sence. If these shows get people into this hobby with these prices i want my own show!!!

Numinerd9

Level 5

It's a free market, so people can buy and sell at whatever prices they wish, as long as they are not violating any (price gouging) laws - it's not against the law to be ignorant or stupid, so go for it TV buyers - I swear I am not your competition for any of the coins you see sold on TV (at least not at the uber-retail prices they're charging.) I guess TV outlets like this do serve two purposes in the hobby: 1. They provide "normal" people (non-collectors) an entry point to the hobby, but unfortunately at very high prices, and also 2. An excellent example of how not to buy coins for very long, if you don't want to wind up resenting numismatics entirely. People get VERY upset whenever I have to tell them they paid way too much for something and they will likely never realize any profit (or just break even) on their purchase(s).

Mokie

Level 6

They do harm to the hobby by promoting items as great investments when they are too overpriced to recover the investment in any reasonable time. They also serve to turn off people to coin collecting at a time when we are struggling to remain relevant. So stating it's a free market and it brings "normal" people into the hobby where they will eventually learn the folly of their purchases is not a good thing.

Numinerd9

Level 5

My wife and I have a very strong and wonderful relationship; not controlling at all, but one thing she does NOT allow me to do is watch any coin TV sales. For some reason she thinks I'll throw bricks at the TV - yeah right, like I just have a pile of bricks laying around to throw at their heads; I'd probably pick up something heavier and more dangerous. Yeah, it's probably better if I don't ever watch shows like this, or meet this guy or some other similar guy whose name I won't mention (but he really likes those cameoed Franklins; I still ain't saying his name though!)

lol! that would make an interesting scene in a sitcom.... btw, I would reccomend throwing stones; less likely to scuff up your hands in the process

Numinerd9

Level 5

For some reason, this post has me thinking of the obverse of the 1936 Bridgeport , CT commemorative half dollar. Hmmm. -Sam Gelberd, ANA Numismatic Educator.

Mike

Level 7

Well your learning. The price on the congratulations coin goes for about 800.00 to to 10000 on ebay. Check and find out why it cost that much. You will not get that coin maybe it has droped dopped a little but 50. 00 never. The other coins your right. He has been ripping oeople of for twenty five years. You can buy fifty years of proof sets for 499.00 or mint sets for 399.00 but what condition are they in. Hes also sells the 1986 american eagle and the 2020 eagle MS 70 for 499.00.. Beat up Kennedy 40% silver coins for 79.00 for twenty they look like they were in a washing machine. Hes on HSN also Sat and Sun at 4a.m. To 7a.m. Same coins twenty years. I wouldnt buy the packaging. People by the fifty years of sets and break them up and fill all there books. But then you need the fifty years of proof sets. He gets you at every turn. You learned a valuble lesson. Glad you saw it. Not a coin not one not a cent would i buy from him. Or any other Rixk Tomaska the Coin Vault none. I forgot chopper. Its great to watch and laugh. There are no good sellers on T.V. The other show is C.S.N. same host.

Mokie

Level 6

Mike, I don't see where Tyler said the Congratulations SAE could be found for 50, he did mention that as the fair price for the 1921 Morgan and 1922 Peace. As far as I can see, and I just looked, the 2016 Congratulations W Silver Eagle in PF70 goes for around 300-400 with some outliers cheaper or more expensive. Most are graded by ICG or ANACS, but there was one PCGS PF70 that sold for 387 back in January. There listed price of almost 2000 is ridiculously high, like everything else they sell.

Longstrider

Level 6

I'm happy that you know how ridiculous these shows and their prices are. Looking up the true prices is one of my favorite things to do. It is crazy.. Thanks.

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