A Sucker is Born

I just saw what has to be the biggist most obvious and blatant as well as stupidist scam, and yet, I am sure there most be a precentage of people that will acutally see it and think it sounds like a good idea.

I am sure many of you are familair with those commericals for varrious different types of collector coins. Well I just saw this one for a 5 dollar gold coin that has this indian head engraved upon it. And they are going on about how rare it is becasue of the economy they are not going to be making anymore and it is the last one and so and so forth. And like all those call in TV ads go, of course it really is worth so much more money then they are acutally going to tell it to you for. It is vauled at like $40 but you can get it now for $19.95.

But the best part is, the coin they are acutally selling, isn't even the real coin it is a copy of the coin. So when you add in tax and shipping and handaling and all that. They want you to pay them over $20 for a  $5 dollar coin, that acutally isn't really even worth $5.

For whoever is going to acutally buy that, I have a stock pile of bridges for sale. Give me $20 and I will gladly give you a fake $5 dollar coin.

Even though I know they are suppose to be for collactable reasons, and are not meant to be spent, I never understand why someone would pay $20 for a coin that acutally really was worth $5 no matter what they engraved it with, or painting on it, or what certificates it came with. But to buy a copy of a $5 coin. It is like they are not even trying to trick you anymore. They are blantently telling you that they are ripping you off.

9:15 PM - 12/5/2008 - post comment

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Oh yeah, over here they always make gold versions of commemorative coins, that are many times as expensive as the value they represent AND you CAN use them to pay, but of course only at their nominative value. Still, there is one thing I have learned, and that is that these coins are NEVER worth more than their value in gold. I once stood at a coins stand on a street market, and a kid tried to sell a krugerrand to the dealer, which is a South African gold coin, which can't be used for buying stuff. The value in gold was never more than 200 dollars, but the kid thought, well it looks nice, so I can fetch at least 500 bucks. Not a chance in hell. Besides, the coin was obviously stolen.

dutchboy - 5:42 AM - 12/6/2008

For though All are not able to write books, all conceive themselves able to judge them. ~The Monk

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