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Hey sucker . . . . .

Discussion in 'Consumer Affairs' started by Skwim, Jan 4, 2014.

  1. Skwim

    Skwim Veteran Member

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    Watching TV this evening I spotted a commercial I thought was too crazy to let go by.

    It offers you, the viewer, to participate in an unprecedented opportunity to get in on the gold market boom. In essence it's as follows
    [​IMG]
    Initially, it doesn't look all that bad, however, considering that the coin is not pure gold---would anyone really think it is? (my bet is that the sellers are hoping so)--- but simply clad in gold, just how much is the thing really worth? Well, in as much as there's no such a thing as a 2013 Buffalo Nickle let's be generous and say the thing is worth a nickle $.05. And the "14 mg of pure gold that clads the nickle? According to the latest price I could find gold was selling for $1,015.15 oz. So how does this translate into the value of this 14 mg of gold? In as much as 14 mg = 0.0004938 of an ounce, it figures out to $.50. That's fifty cents---one half of a dollar!

    So for $19.95 plus S&H you too can have a $.55 "nickle," and a pretty one to boot. :D
     
    #1 Skwim, Jan 4, 2014
    Last edited: Jan 4, 2014
  2. The Sum of Awe

    The Sum of Awe Realitarian

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    I know certain people that would by that coin and use it in a pop machine (joking).

    I'm not sure the exact value on minerals, but I wouldn't by it; if it's only for show, then I don't think such a small show would be worth 20 dollars. However, I could be wrong about this but, maybe if saved as an antique, it could make you a lot of money (as long as you don't go to Pawn Stars :D)
     
  3. oldbadger

    oldbadger Skanky Old Mongrel!

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    I clicked on your thread 'cos it called out 'hey sucker!' :D

    But I wouldn't be sucker enough to buy that coin. I'm not sure what Brit Trading Standards would think about that advert, but the presence of that one word, 'clad', probably protects that company from several accusations and even charges.

    Many people might focus upon the '14mg gold' before anything else. 14mg of 22carat gold is worth about £360 in the UK...... quite a draw. !!!
     
  4. Revoltingest

    Revoltingest Greased up & ready for action!
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    14 mg = .00045 troy ounces
    Gold price = $1200/ troy ounce right now.
    22 K = 92% pure
    I calculate 14 mg to be worth about $.50 (or "fitty sent", as kids might say).

    Stupid trivia question I've posted before.
    Which weighs more....a pound of gold or a pound of feathers?
    Hint: It's not what most geniuses think.
     
  5. Vinayaka

    Vinayaka devotee
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    I want two of those.
     
  6. Revoltingest

    Revoltingest Greased up & ready for action!
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    ...so you could rub them together?
     
  7. Vinayaka

    Vinayaka devotee
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    No, just in case I lose one of those valuable things.
     
  8. Revoltingest

    Revoltingest Greased up & ready for action!
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    I wondered if you were joking about the old saying about being "so poor I didn't have 2 nickels to rub together".
     
  9. Vinayaka

    Vinayaka devotee
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    You have a better memory than I, but sure. Now if you designed and ordered some Revoltistan coins from China, I probably would order one.
     
  10. Revoltingest

    Revoltingest Greased up & ready for action!
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    So far, Revoltingistan uses Americastanian dollars.
    But I do like this design.....
    [​IMG]
     
    #10 Revoltingest, Jan 4, 2014
    Last edited: Jan 4, 2014
  11. oldbadger

    oldbadger Skanky Old Mongrel!

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    Sorry.... I had 14 grams in mind.

    But then...... I said I was a sucker..... :)
     
  12. Revoltingest

    Revoltingest Greased up & ready for action!
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    How many did you buy before you saw my calculations?
     
  13. Valjean

    Valjean Veteran Member
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    What a scam.

    I could give you a better deal: Your choice of coins and plating.
    You tell me what coins you want, how many, and what you want them plated in -- chrome, silver, gold, copper, &c -- and I'll collect your order and take them to a local plating shop.

    If this takes off maybe I could expand to baby shoes and sex toys.
     
  14. The Sum of Awe

    The Sum of Awe Realitarian

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    The best combination in the world?
     
  15. dawny0826

    dawny0826 Mother Heathen

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    Isn't the entire concept of a tribute piece, to own it not for value but for keepsake? One would be paying for the novelty of the item and would likely understand that they are paying for the novelty of the item, right? (I don't collect coins, so, I couldn't tell you.)

    Some of these coins are rather rare. I would think that this might be a reasonable substitute at least as a conversation piece for the coin collector who can't afford the real thing but is satisfied with the novelty item to use for reference and story telling. But, it looks like you might be able to purchase the real thing for less, though, some of the rarer pieces that are worth more are quite pricey:

    Buffalo Nickel Values - Coin Values Guide for Buffalo (aka Indian Head) Nickels
     
    #15 dawny0826, Jan 4, 2014
    Last edited: Jan 4, 2014
  16. horizon_mj1

    horizon_mj1 Well-Known Member

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    Dude, no offense, but I am so deflated as a humanitarian exert as to bow down to deflated mentalities in which ask me to bee less than what I m worth.
     
  17. oldbadger

    oldbadger Skanky Old Mongrel!

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    I spent my pocket money for the next five months. I would have bought more but Mrs B wouldn't extend any more credit. God Bless wives!
     
  18. Skwim

    Skwim Veteran Member

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    If owning a "tribute piece," regardless of its intrinsic value or lack thereof, is what tickles your fancy then this may be right up your ally. However, reading the ad copy it's obvious that the company is also trying to appeal to your sense of financial gain (I'm not going to bother to cite the instances).

    Thing is, it's not a coin, a legitimately minted US coin useable as legal tender. As I pointed out in my OP there is no such thing as a 2013 Buffalo nickle, which is why they call it a "tribute piece," or "gold piece." The $50 Gold Buffalo coin they refer to is a real coin minted by the US government that can be had for $1,286.58. This thing is not that coin.
     
    #18 Skwim, Jan 4, 2014
    Last edited: Jan 4, 2014
  19. dawny0826

    dawny0826 Mother Heathen

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    Clearly, it doesn't tickle my fancy, as I've already informed you that I don't collect coins. :p

    I was trying to rationalize why anyone would want a tribute proof to begin with and when I researched, I learned that tribute proofs typically don't have any value and are sold and purchased as keepsakes.

    Yes. You'd have to be a sucker indeed to buy into the gimmicky ad, especially since the dang thing is advertised as a tribute "proof". :shrug:

    Yeah, I caught onto the fact that this wasn't a real coin, when I read "tribute proof" at the top of the ad. ;)

    I offered an explanation as to why someone, outside the auspices of being suckered into believing it to be worth something, might want this coin.
     
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