Old Pueblo Coin – Tucson, AZ Finest Coin Dealer

The Coin Geek

TV Coin Selling Guy

I had a customer ask about the guys who sell coins on TV. Technically, the question was “which one do you like better”.  Come on, you can’t expect a guy to pick between his kids can you? 🙂

These coin vault type shows have a couple of flaws. The first is that they charge about double what you can buy things locally for.  That assumes you are buying legit items. (We’ll save the fancy boxes for another day.) I don’t know too many business where you can charge a 50% commission and have people fawning over you.  I know some real estate agents who think they are worth that much. You know who you are.

The second flaw is worse, it is the dishonest way in which they represent themselves. That is the coins that they sell are not sold in an honest fashion. Let’s face it, you can go to a major coin show and pay double what a coin is worth. Although if you are an avid collector that would probably never happen. But when you show prices from eBay to justify how you are pricing things on your TV show, that is nonsense.  He always seems to find people pricing things for twice what he sells them for. I guess he couldn’t find any selling for less, hmm…. what are the odds?

The quick answer, just don’t buy from the TV. Even when they sell a good coin, you are paying way more than you can buy them for locally. And if you shop locally you can usually find knowledgeable dealers who are willing to show you the items up close and answer your questions.

Posted in: All, Coins, Consumer Awareness, Education

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