Wolves are everywhere, even HSN

A company like HSN moves over 50 million products a year, which makes me wonder why they would allow people, like the one in the youtube video at the bottom of this article, to rip off their viewers! They are selling an Anacs graded MS-69 Silver Eagle for $49.99 + $8.95 for shipping and handling. To cut to the chase, they are selling one ounce of Silver in good condition for more than 3 times the value of the metal in it!

To truly understand this you should consider: You can get ungraded Silver Eagles all day long for $18.00. Now, graded coins do command a premium, but not that large a premium! To further elaborate, here is a very similar coin, graded by a reputable company (though not as old as Anacs) for nearly $10.00 cheaper ($29.49 as of this writing).
Similar Coin, Better Price

Not only do they charge way too much, but if you go to the HSN website they show you the picture of the coin, except the picture has a "W" mint mark meaning it comes from the West Point mint, the problem is that this is not the coin you receive as noted from an angry HSN customer:

From a HSN.Com Review: "NOT WHAT ITLOOKS TO BE / ALLEN, IN
8/2/2009 THIS COIN SHOWS A W MINT MARK ON IT.. IT DOES NOT HAVE IT. TALKED TO US MINT AND THEY SAID THIS COIN HAD NOT BEEN MINTED YET HUMMMMM?"

Now I will dissect this airing for your reading pleasure:

0:56 - He claims the purity to be .99995 pure, but it is actually .9995 pure. Not a huge mistake, but still.

1:16 - He mentions how silver has been moving dramatically but fails to mention the actual price per ounce.

1:26 - He states that they bought these before the dramatic rise in the last four weeks. This is to make you think that the price of silver is near $49.95 an ounce (Deception). This airing appeared on Sunday August 9, from 2am - 3am. Let's take a look at a graph of Silver for the last 4 weeks:



Wow! That is a $1.50 rise! While this is a significant movement in Silver, it doesn't justify the prices they are charging.

1:40 - He talks about this third party company guarantying the purity. Is the US Government's guarantee not enough?

5:10 - He states "Folks, you can't buy Silver Eagles for $19.95!" This is a downright lie. You can find them all day long for $18.00 as of this writing.

Here's the video if you'd like to see how they prey upon the unknowing. This should be a lesson that wolves are everywhere, do your homework:

http://www.youtube.com/watch?v=wBHPQ9veSnw