CSN problem and coin worth

I'm asking this for my uncle.

Are the coins at www.shopcsntv.com (Cable Shopping Network) a scam or
something? Are they (mostly the state quarters) worth the price listed?
My uncle purchased some of the coins from the website and he received
them in damaged condition. They had big nicks in them, black smudges
and paint on them. They had been worn down and warped as if hit with a
sledge hammer and stuck in a vise. He tried calling customer service
and he can't get a response. He's now trying to get this taken care of
through some organization like the BBB or FTC. Has anyone else had a
problem with Cable Shopping Network?

Also, will the state quarters that everyone seems to be collecting ever
be worth more than 25 cents? I have several relatives who are
collecting them (because they think they'll be worth something in the
future) and I can't see where they'd ever actually be worth something.
I don't see the point in collecting them unless it's for fun.

Mike,
I don't know much about the CSN and their coins but my reply is
regarding the State Quarters. You are correct in your assumption. They
will most likely never be worth anything more that 25 cents or the
highest price someone is willing to pay for them as is the case with
anything. Think of it this way....if every kid in the 50's kept their
Mickey Mantle rookie cards in a special case to ensure its integrity
all thinking that it may someday be worth a lot of money.....well you
know the outcome...it would not be worth as much as it is today. Coin
values (aside from melt price fluctuation) are all based upon
population numbers in each respective grade. I myself collect them as
well...but only because I think they are cool looking. On a side note I
feel that they are the best thing that could have happened to our hobby
as it has brought in a whole new generation of collectors. When the
kids that collect the state quarters have them all they will most
likely move up to a new level. Think of the state quarters as a CC
starter kit. I cant wait for the 37 dead president coins to come out in
a few years.

Ben


Mike S. wrote:
I'm asking this for my uncle.

Are the coins at www.shopcsntv.com (Cable Shopping Network) a scam or
something? Are they (mostly the state quarters) worth the price listed?
My uncle purchased some of the coins from the website and he received
them in damaged condition. They had big nicks in them, black smudges
and paint on them. They had been worn down and warped as if hit with a
sledge hammer and stuck in a vise. He tried calling customer service
and he can't get a response. He's now trying to get this taken care of
through some organization like the BBB or FTC. Has anyone else had a
problem with Cable Shopping Network?

Also, will the state quarters that everyone seems to be collecting ever
be worth more than 25 cents? I have several relatives who are
collecting them (because they think they'll be worth something in the
future) and I can't see where they'd ever actually be worth something.
I don't see the point in collecting them unless it's for fun.

The conventional wisdom is that state quarters will
never be worth more than face because they made
so many hundreds of millions of them.

More likely, they will be like Morgan silver dollars.
There are millions of them out there, but they are
so popular that they are collected despite the fact
that they are not and never will be scarce.

Specialists will focus on tiny differentiations to
create artificial scarcity, and sets will still be sought
and admired. As long as they remain a popular
collectible, they will be bought and sold. Like Morgans,
the uncirculated ones will be the only ones that have
a slight premium, because worn ones are too common.

Regards,
Tom