Rctv Coins
These holders will be primarily for coins up to 1989, since Proof production quality was nearly perfected in 1990. 1990 to present features a majority of examples with fully frosted ultra cameo devices and deep mirrors, although there are some 'gaps' among the modern series where this holder will definitely fall into play. 'I think 'Collectible Coins' is one of the best shows on television. Don is a great show host and he has great coins!-Danny C 'I like to watch Don's show better than the others, the coins are more affordable, and he has a better selection-Joe S 'I watch at least once or twice a week. I like the show because Don has different coins.-Melisa M. Despite the clothes and background however, RCTV does give an informative analysis on a given coin or set with pop numbers, coin background/history, and the desire to show viewers to educate. An example is showing hairlines on a proof coin, when viewed properly with a fluorescent lamp. At Rare Collectibles TV, we offer the finest in rare coins, US coins and currency, gold, silver, art, and collectibles. We value our customer service and want you to be completely satisfied. RCTV offers a 30-day money back guarantee on everything we sell.
There are many different denominations, coin types, and dates that qualify as rare U.S. Coins and a variety of ways in which to collect them. Coins span a 141 year period from the start of the U.S. Mint to the Gold Recall Act, which was signed by President Franklin D. Roosevelt in 1933 and made it illegal to own gold, except for rare.
Over the years, I have heard from many people regarding the problems with mailorder numismatics. Every few months, someone writes and asks about the value of something they bought from a non-numismatic magazine or from something they saw on television.
My answers tend to be upsetting because the market does not value these items as the television hucksters do.
Recently, I wrote about the experience with someone who brought in a box of coins he bought from television and magazines. I described his reaction as “The look on his face when I told him was as if I kicked his dog.” Then I was provided an example of why my words land very hard.
Sunday’s are my day off. Even though I have personal work to catch up on, I will play couch potato and watch television. This past Sunday, I entered the wrong number in the remote and landed on the Fox Business channel.
On the weekend, when the markets are not open, the business channels broadcast other programming. At this time, Fox Business was airing an infomercial for Coins TV.
When I tuned in, the camera was panning a display with graded American Silver Eagle coins. Of course, I stopped to stare at the shiny silver coins. Then I heard the pitch.
The pitchman is Rick Tomaska, owner of Rare Collectibles TV. Tomaska seemed pleasant and appeared knowledgable. His pitch was selling a date run of American Silver Eagle graded MS-69 by NGC for $1,995.00. It almost seemed reasonable until it was made clear that the pitch was for a date run of 31 coins from 1986-2016.
Is $1,995.00 a good deal for the 31 coins? My first instinct was to check the price guides. Since the online Greysheet does not include the retail price for graded bullion coins (why?), I used two other guides: Numismedia Fair Market Value Price Guide and the price guide from NGC. Based on a grade of MS-69, the guides provided the following information based on prices for the 1986-2016 34-coin set:
| Numismedia FMV 34 coins @ MS-69 | NGC Price Guide 34 coins @ MS-69 | RCTV Infomercial 31 coins @ MS-69 | |
|---|---|---|---|
| Total | $1,240.00 | $1,679.00 | $1,995.00 |
| Average | $40.00 | $54.16 | $64.35 |
But Numismedia and NGC are price guides. Guides are not the retail prices a collector would pay. So we turn to the interwebs to search for “date run American Silver Eagle coins.” The search returned several entries on the first page that was not RCTV.
Taking the top three entries from the search, only one dealer was sold out. The others offered a complete set of 34 coins, 1986-2019, graded MS-69 by NGC for considerably less than Tomaska’s price. To be fair, where there was a difference between the cash and credit prices, I used the credit card price, which is usually higher. Then I searched eBay and sorted for the lowest price. The following is what I found:
| Company | Date Run | Coins in Set | Advertised Price | Shipping | Average per coin |
|---|---|---|---|---|---|
| RCTVcoins.com | 1986‑2016 | 31 | $1995.00 | $64.35 | |
| JM Bullion | 1986‑2019 | 34 | $1541.70 | $45.34 | |
| Mint Products.com | 1986‑2019 | 34 | $1399.99 | $41.18 | |
| eBay Seller constitutionclct | 1986‑2019 | 34 | $1299.00 | $14.95 | $38.65 |
For the eBay dealer who was charging for shipping, the cost per coin was the lowest even after adding the shipping costs to the total price.
JM Bullion and Mint Products.com are reputable companies. Both firms are worth considering if you do not feel comfortable making this purchase from an eBay seller. Note that these companies will base the price of their bullion coins on the current spot price of silver. Their retail prices may fluctuate.
When you buy from these television advertisements, you will overpay.
To help enforce the issue, the JM Bullion website said that they would buy a complete date set of American Silver Eagle bullion coins for $1,094.12 when I looked up the price. If you purchased the set advertised on television, you would be LOSING $900!
As part of the pitch, if you ordered the set, Tomaska would send a copy of the 4th Edition of American Silver Eagle: A Guide to the U.S. Bullion Coin Program autographed by Miles Standish, the book’s co-author, who was present with Tomaska.
What is sad is that Miles Standish joined Tomaska as part of this infomercial. Although Standish did not assist Tomaska in his pitch for the set, his presence is an appearance of legitimacy. It is similar to the appearance of past ANA President David Ganz on an infomercial. Neither endorsed the product that was being sold, but their presence was used to suggest otherwise.
Rare Coins
I would not recommend buying coins or any collectible from a television show. Every collectible I have seen being hawked on television was 45-60 percent over what might be considered wholesale value for its market.
As a small business owner, I would be foolish to criticize someone for making a profit. It’s the Ameican way. However, there is a difference between making a profit and price gouging. It is why I am warning you against purchasing collectibles from a pitch on television.