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

 
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Bedrock Of The Community
United States
12128 Posts
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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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.
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Pillar Of The Community
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United States
5821 Posts
Posted 08/18/2012   09:52 am  Show Profile Check smauggie's eBay Listings 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.
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APS Member #: 222539 AAPE, Maplewood Stamp Club (MN), Northern Philatelic Society, US Philatelic Classics Society, Auxiliary Markings Club, Canal Zone Study Group, Minnesota Postal History Society
Pillar Of The Community
United States
1128 Posts
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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Pillar Of The Community
2361 Posts
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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Valued Member
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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Pillar Of The Community
United States
6647 Posts
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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Pillar Of The Community
United States
700 Posts
Posted 08/18/2012   12:03 pm  Show Profile 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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Pillar Of The Community
United States
700 Posts
Posted 08/18/2012   12:05 pm  Show Profile 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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