Franklin Mint offering a Morgan Dollar for $29.95...

On Mon, 8 Mar 2010 18:04:23 -0800 (PST), MKW
wrote:

For the condition, the price isn't that far off. I have seen them
sell for similar on Ebay.

http://www.franklinmintmorgan.com/a/B21F059a.cfm?ld=com


I don't see any guarantee of the date you'll receive or the grade of
the coin. Just historical info about the coin that says the series
started in 1878. Though they do say it is at least 100 years old which
rules out 1921 I suppose.

"Jon Purkey" wrote in message
...
On Mon, 8 Mar 2010 18:04:23 -0800 (PST), MKW
wrote:

For the condition, the price isn't that far off. I have seen them
sell for similar on Ebay.

http://www.franklinmintmorgan.com/a/B21F059a.cfm?ld=com


I don't see any guarantee of the date you'll receive or the grade of
the coin. Just historical info about the coin that says the series
started in 1878. Though they do say it is at least 100 years old which
rules out 1921 I suppose.

$29.95 + $7.95 postage for a circulated Morgan that my local dealer will sell me
for less than 20 bucks - and he lets me look thru his stash to pick out the ones
I like too!
Plus the FM wants to keep sending you overpriced numismatic crap too.
How the mighty have fallen.
I remember when the FM used to make beautiful examples of medallic art.
Now they're selling gold plated Prexibux on infomercials.
Total ripoff.

For what its worth the recent FM owners that liked the infomercial
stuff are gone and a new investment group is in charge. This group
likes cleaner product development.

But $29.95 is not overly outrageous for a basic US coin collection.
FM will still do medallic art. They will develop the medals and have
someone else make them, but they use their same group of sculptors who
are now freelance.

$29.95 + $7.95 postage for a circulated Morgan that my local dealer will sell me
for less than 20 bucks - and he lets me look thru his stash to pick out the ones
I like too!
Plus the FM wants to keep sending you overpriced numismatic crap too.
How the mighty have fallen.
I remember when the FM used to make beautiful examples of medallic art.
Now they're selling gold plated Prexibux on infomercials.
Total ripoff.

"MKW" wrote in message
...
For what its worth the recent FM owners that liked the infomercial
stuff are gone and a new investment group is in charge. This group
likes cleaner product development.

But $29.95 is not overly outrageous for a basic US coin collection.
FM will still do medallic art. They will develop the medals and have
someone else make them, but they use their same group of sculptors who
are now freelance.

I reiterate:
$29.95 + $7.95 postage for a circulated Morgan that my local dealer will sell me
for less than 20 bucks - and he lets me look thru his stash to pick out the ones
I like too!
What, do you work for the FM?

On Sat, 13 Mar 2010 23:29:22 -0500, "Scurvy Dog"
wrote:


"MKW" wrote in message
...
For what its worth the recent FM owners that liked the infomercial
stuff are gone and a new investment group is in charge. This group
likes cleaner product development.

But $29.95 is not overly outrageous for a basic US coin collection.
FM will still do medallic art. They will develop the medals and have
someone else make them, but they use their same group of sculptors who
are now freelance.

I reiterate:
$29.95 + $7.95 postage for a circulated Morgan that my local dealer will sell me
for less than 20 bucks - and he lets me look thru his stash to pick out the ones
I like too!
What, do you work for the FM?

You are not the market for FM. The person who buys that Morgan from
FM would have to look in the Yellow Pages to find a coin dealer and
wouldn't know what coin to pick from the dealer's stash. If he did
find a coin shop, the dealer would probably charge him more for the
Morgan than you'd pay.

However, that FM customer has some kind business or hobby knowledge
that you don't. He'd laugh at you for over-spending in some area that
he has knowledge of that you don't.




--
Tony Cooper - Orlando, Florida

Well said. Keep in mind, the casual coin collector and core collector
are two different people. Serious coin collectors can't understand
colorized US coins. But tons of people like them, and could care less
about a MS66 PCGS Morgan Dollar. But both items have their merits.
It would be a different story if the marketing company claimed a
falsity which the FM does not. And hey, maybe the buyer of this
program will start to love coins...then come into your dealer for
more. These days, I would think the more buyers the better. The way
our local coin dealer treats people, its a wonder anyone ever comes
back to them.

"tony cooper" wrote in message
...
You are not the market for FM. The person who buys that Morgan from
FM would have to look in the Yellow Pages to find a coin dealer and
wouldn't know what coin to pick from the dealer's stash. If he did
find a coin shop, the dealer would probably charge him more for the
Morgan than you'd pay.

You position rests on the shaky surmise that all dealers are crooks.

"tony cooper" wrote in message
...
On Sat, 13 Mar 2010 23:29:22 -0500, "Scurvy Dog"
wrote:


"MKW" wrote in message
...
For what its worth the recent FM owners that liked the infomercial
stuff are gone and a new investment group is in charge. This group
likes cleaner product development.

But $29.95 is not overly outrageous for a basic US coin collection.
FM will still do medallic art. They will develop the medals and have
someone else make them, but they use their same group of sculptors who
are now freelance.

I reiterate:
$29.95 + $7.95 postage for a circulated Morgan that my local dealer will
sell me
for less than 20 bucks - and he lets me look thru his stash to pick out
the ones
I like too!
What, do you work for the FM?

You are not the market for FM. The person who buys that Morgan from
FM would have to look in the Yellow Pages to find a coin dealer and
wouldn't know what coin to pick from the dealer's stash. If he did
find a coin shop, the dealer would probably charge him more for the
Morgan than you'd pay.

The person who would buy a $38 Morgan from FM would probably be unfamiliar
with the coin and have no clue of how its true value is based on its
condition. He would also believe that this could be his "last chance" to
acquire one of the "scarcest coins ever" and would be excited to find
himself on the hook for regular approval shipments of similar value. The
person also might be interested in other limited edition Elvis plates and
cute child collectibles advertised in the Sunday newspaper inserts. If that
person had the wherewithal to actually research the FM offer, he also should
have had no trouble checking the local Yellow Pages for a coin shop.


However, that FM customer has some kind business or hobby knowledge
that you don't. He'd laugh at you for over-spending in some area that
he has knowledge of that you don't.

Unlikely. Very unlikely.

On Sun, 14 Mar 2010 10:25:54 -0400, "Bruce Remick"
wrote:


"tony cooper" wrote in message
.. .
On Sat, 13 Mar 2010 23:29:22 -0500, "Scurvy Dog"
wrote:


"MKW" wrote in message
...
For what its worth the recent FM owners that liked the infomercial
stuff are gone and a new investment group is in charge. This group
likes cleaner product development.

But $29.95 is not overly outrageous for a basic US coin collection.
FM will still do medallic art. They will develop the medals and have
someone else make them, but they use their same group of sculptors who
are now freelance.

I reiterate:
$29.95 + $7.95 postage for a circulated Morgan that my local dealer will
sell me
for less than 20 bucks - and he lets me look thru his stash to pick out
the ones
I like too!
What, do you work for the FM?

You are not the market for FM. The person who buys that Morgan from
FM would have to look in the Yellow Pages to find a coin dealer and
wouldn't know what coin to pick from the dealer's stash. If he did
find a coin shop, the dealer would probably charge him more for the
Morgan than you'd pay.

The person who would buy a $38 Morgan from FM would probably be unfamiliar
with the coin and have no clue of how its true value is based on its
condition. He would also believe that this could be his "last chance" to
acquire one of the "scarcest coins ever" and would be excited to find
himself on the hook for regular approval shipments of similar value. The
person also might be interested in other limited edition Elvis plates and
cute child collectibles advertised in the Sunday newspaper inserts. If that
person had the wherewithal to actually research the FM offer, he also should
have had no trouble checking the local Yellow Pages for a coin shop.

Of course he could find a dealer in the Yellow Pages, but the point
was that he'd need to do so because he isn't familiar enough with
coins to know where one was without looking it up.

However, that FM customer has some kind business or hobby knowledge
that you don't. He'd laugh at you for over-spending in some area that
he has knowledge of that you don't.

Unlikely. Very unlikely.

Why is it unlikely? Most people are knowledgeable in some area but
completely clueless in other areas.
--
Tony Cooper - Orlando, Florida

"tony cooper" wrote in message
...
On Sun, 14 Mar 2010 10:25:54 -0400, "Bruce Remick"
wrote:


"tony cooper" wrote in message
. ..
On Sat, 13 Mar 2010 23:29:22 -0500, "Scurvy Dog"
wrote:


"MKW" wrote in message
...
For what its worth the recent FM owners that liked the infomercial
stuff are gone and a new investment group is in charge. This group
likes cleaner product development.

But $29.95 is not overly outrageous for a basic US coin collection.
FM will still do medallic art. They will develop the medals and have
someone else make them, but they use their same group of sculptors who
are now freelance.

I reiterate:
$29.95 + $7.95 postage for a circulated Morgan that my local dealer will
sell me
for less than 20 bucks - and he lets me look thru his stash to pick out
the ones
I like too!
What, do you work for the FM?

You are not the market for FM. The person who buys that Morgan from
FM would have to look in the Yellow Pages to find a coin dealer and
wouldn't know what coin to pick from the dealer's stash. If he did
find a coin shop, the dealer would probably charge him more for the
Morgan than you'd pay.

The person who would buy a $38 Morgan from FM would probably be unfamiliar
with the coin and have no clue of how its true value is based on its
condition. He would also believe that this could be his "last chance" to
acquire one of the "scarcest coins ever" and would be excited to find
himself on the hook for regular approval shipments of similar value. The
person also might be interested in other limited edition Elvis plates and
cute child collectibles advertised in the Sunday newspaper inserts. If
that
person had the wherewithal to actually research the FM offer, he also
should
have had no trouble checking the local Yellow Pages for a coin shop.

Of course he could find a dealer in the Yellow Pages, but the point
was that he'd need to do so because he isn't familiar enough with
coins to know where one was without looking it up.

Thus he'd be a fool to pay $38 for something he wasn't familiar with based
entirely on a glossy come-on ad, in this case for an over-hyped circ Morgan.
Heaven forbid he should have to look anything up first.


However, that FM customer has some kind business or hobby knowledge
that you don't. He'd laugh at you for over-spending in some area that
he has knowledge of that you don't.

Unlikely. Very unlikely.

Why is it unlikely? Most people are knowledgeable in some area but
completely clueless in other areas.

Sure. The FM customer is a perfect example. Those who may be clueless
would be well served to reduce their cluelessness before jumping into
unfamiliar waters.