I Need help with Gold proof coins?

March 12, 2010 by
Filed under: Questions 

Okay so I have seen the infomercial on the 1929 gold proof coin. It can be yours for $20.

http://www.asseenontv.com/prod-pages/indian_5_dollar_gold_proof_coin.html

Is this a replica? Is it really gold? The gold 1929 actual coins are worth $500 or more so I am confused.

http://www.hsn.com/collectibles/1908-1929-brilliant-uncirculated-5-indian-gold-coin_p-2345897_xp.aspx

Is the one on tv junk? Help! thanks :)
It sounds fishy to me too. That is why I am wondering what it is exactly.

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Comments

6 Comments on I Need help with Gold proof coins?

  1. DA on Fri, 12th Mar 2010 4:07 am

    2. $20 for this coin does not sound right to me.

  2. gryhrld on Fri, 12th Mar 2010 4:23 am

    3. If it sounds too good to be true it probably is. I have seen these adds before and usually the gold is flashed on or sneezed on. You must ask the question how can they sell a $500.00 gold coin for $20.00? The answer is quite simple they can’t!!!!!!!!

  3. gaukonigshofen on Fri, 12th Mar 2010 4:33 am

    4. Yes a scam. Prob cheap metal coin spray painted Gold.

  4. Chris on Fri, 12th Mar 2010 5:08 am

    5. These are replicas. They would at best be thinly gold plated. These ads are deceptive because they make it seem like these are real coins from the United States mint. The key word in this ad is “Tribute”. The real $5 gold pieces are worth several hundred dollars.

    Please also be careful with Home Shopping Network type stuff as well. Although I don’t doubt the coins they sell are real, HSN usually charges much more for them than they are worth (advertising on TV costs $$). If you really want genuine gold coins, try a local coin dealer. They will usually treat you fairly and charge a more reasonable markup from wholesale prices.

  5. Taiping on Fri, 12th Mar 2010 5:21 am

    6. Go with Chris on this for he is correct.

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