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Report: #153176

Report: Home Shopping Networs

Reported By: (Tamaqua Pennsylvania)

Home Shopping Network Ripped me off on a coin sale. Substutied coin woth $785 for $2300 one. Florida Florida

... Hey Jim

2Author 4Consumer 0Employee

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Home Shopping Networs

HSN.com
Florida
U.S.A.
Phone: 800-933-2887
Web Address:

Category: Specialty Stores

Submitted: Wednesday, August 10, 2005

Last posting: Sunday, March 09, 2008

I ordered a $5 American Indian Gold piece from their web site. It was advertised as MS63. Sale preice wa s$999 and the coin books at $2300. It was a sweet deal. That is until the coin arrived as an MS62 woth $785. I called and they gave me the typical HSN song and dance about the vendor making a mistake. Well, too bad, you're the seller so you're responsible.

They don't ahve the coin in stock any more, so I doubt i will see one. This is not the first time they have done this to me on a coin sale. So let the buyer beware with these guys.

Sure seems like fraud to me.

Jim
Tamaqua, Pennsylvania
U.S.A.

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REBUTTALS & REPLIES:

2Author 4Consumer 0Employee

Consumer Comment

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Typical

Cory - San Antonio (U.S.A.)

SUBMITTED: Sunday, August 14, 2005 POSTED: Sunday, August 14, 2005

Have sold coins for 20 years. Have people who come into my shop, all the time, who have bought stuff from HSN and others. IMO, all of it is a hugh ripoff. But, you thought you were going to get a $2300 coin for $999? That sounds a little off. Where else can they sell a $9.50 silver eagle for $29,$39 or $49. Who cares if it slabbed or not. 67,68 or 69. It's still a one ounce silver eagle. That's the way they come out of the roll. And, a gold plated quarter is still worth only 25 cents. Go to your local coin guy, develope a good working relationship, learn something.

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Yo, Cory....

Jim - Tamaqua (U.S.A.)

SUBMITTED: Wednesday, August 17, 2005 POSTED: Wednesday, August 17, 2005

It was an NGC slabbed coin, so you know it was for real as NGC is one of the top three in the country.

I have had problems in the past with coins not grading as they advertise, BU looking like pocket change. But nothing like this.

The coin was a MS63 $5 indian. IT books at that price with PCGS.

As for the local guy...that's another story.

Anyway, been collecting for a few years. This is a real first, though.

Update By Author

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Persistance Pays Off!

Jim - Tamaqua (U.S.A.)

SUBMITTED: Friday, August 26, 2005 POSTED: Friday, August 26, 2005

Well, after numerous e-mails and phone calls, I got the correct coin, eventhought he vendor had "sold out of them." Seems that when you say the words Fraud and Misrepresentation, people pay attention. I even had a call from the representative of the company assuring me that they did millions of dollars in business a year and were not a ripoff company.

We had an itneresting s=dsicussion about why I had recently sent back some of their coins. Like you said Cory, a coin is a coin, and grading is subjective.

But to those who colect, as I do, rare coins, this is important in determining the value and one grade can be woth thousand of dollars in price difference.

Yep, the coin books in the red book at $2300 and I and 19 others got them for $999. Go figure.

Consumer Suggestion

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Do not think that HSN's grading service is the best...

Hjbraden - Kingsport (U.S.A.)

SUBMITTED: Saturday, March 08, 2008 POSTED: Saturday, March 08, 2008

You can take most of HSN graded coins that are graded through ICGS, and have them graded through NGC or PCGS and they will be worth less. MS 69 and 70's will turn up as 64's and 65's. This is not the Dealers fault, but the grading service. What year was the coin? I dont recall any $5 gold pieces with that much of a difference in price between one grade. More info please??

Consumer Comment

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Hey Jim

Cory - San Antonio (U.S.A.)

SUBMITTED: Sunday, March 09, 2008 POSTED: Sunday, March 09, 2008

I'm glad it worked out for you. It MUST have been a mistake. They probably meant to sell the 62 for $2399. That sounds about right for them. And that's definitely true about their cock-a-mammie grading service that no one's every heard of. IMO. Make sure and stick with one of the "real" grading services. At least when someone gets ripped off, they only get ripped off "on price" and not by grade too.