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ABC News Segment "So Not Junk" - 22 kt gold First Day Covers

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wt1
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United States
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Posted 08/18/2012  09:31 am  Show Profile Bookmark this topic Add wt1 to your friends list  Get a Link to this Message

Did anyone catch this episode of ABC' GAA with the Hardcore Pawn celebrities appraising items from the audience? Advance to 1:35 at this link and see them appraise a person's 22 kt. gold plated stamp replicas on first day covers.

http://abcnews.go.com/GMA/video/gaa...rls-17029733

They claim the value of 150 covers is $500. That works out to about $3.33 per cover.

I doubt stamp collectors would agree with that appraisal.

What do you think?

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1775mac
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United States
1806 Posts

Posted 08/18/2012  09:48 am  Show Profile Bookmark this reply Add 1775mac to your friends list  Get a Link to this Reply

Hard to even give them away sometimes.


Words to live by. "Don't Poke The Bear."
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smauggie
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4948 Posts

Posted 08/18/2012  09:52 am  Show Profile Bookmark this reply Add smauggie to your friends list  Get a Link to this Reply

That could be what they sell for in pawn shops.


Member CZSG, AAPE, Copaphil, UPSS, Maplewood Stamp Club (MN), Northern Philatelic Society
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ncbuckeye
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Posted 08/18/2012  10:09 am  Show Profile Bookmark this reply Add ncbuckeye to your friends list  Get a Link to this Reply

If you listen closely, the "expert" states "... if you have the complete set ..." they are worth $500. I think many non-collectors do not realize that these are gold-plated, not solid, and the amount of gold used on each is miniscule.

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doug2222
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Posted 08/18/2012  10:41 am  Show Profile Bookmark this reply Add doug2222 to your friends list  Get a Link to this Reply

I have CHEERFULLY sold them for 50c each, and thrown in extra albums. They are J-U-N-K. Ever notice how the manufacturers made the envelopes slightly larger than standard size? That's so they won't fit into regular cover albums, you have to buy their albums.

They are gold foil (0.0000000000000001) laminated to, umm, cardboard.

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Nick Crissy
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United States
78 Posts

Posted 08/18/2012  11:11 am  Show Profile Bookmark this reply Add Nick Crissy to your friends list  Get a Link to this Reply

This was a scam some very crafty company came up with to seperate collectors from their money. I have seen so many of thoe covers at shows being almost given away. The have no value and you would a million of them to make a 16th ounce of gold. Don't get suckers into those things.
Nick

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khj
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Posted 08/18/2012  11:12 am  Show Profile Bookmark this reply Add khj to your friends list  Get a Link to this Reply

From my post in an older thread.


Quote:
Nothing more than a naming gimmick by the Postal Commemorative Society. PCS advertised it as "22kt gold stamp replica" which is just a "name", not "22k" which would mean it really has some gold.


It's a gold colored replica, not a replica made of gold.

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new12collector
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United States
700 Posts

Posted 08/18/2012  12:03 pm  Show Profile Check new12collector's eBay Listings Bookmark this reply Add new12collector to your friends list  Get a Link to this Reply

I predict a sudden drop in value as everybody scrambles to sell them on eBay at outrageous prices... And nobody buys.

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new12collector
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United States
700 Posts

Posted 08/18/2012  12:05 pm  Show Profile Check new12collector's eBay Listings Bookmark this reply Add new12collector to your friends list  Get a Link to this Reply

Wait... That doesn't make sense, values can't go from nothing to nothing. Sorry.

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