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 Replies: 220 / Views: 41,341 |
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Valued Member
Australia
444 Posts |
i was wondering can APCGS coins be used as collateral for loans like PCGS in the USA where you can borrow up to 60 % of the value of the coin to buy other coins or shares
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Valued Member
Australia
444 Posts |
can the geniuses at APCGS answer this please.
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Valued Member
Australia
102 Posts |
I think even I can answer this one. All coins are assets and all you would need to do is go to a local coin dealer and get your items evaluated as individual items.
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New Member
 Australia
26 Posts |
PNC king,
PCGS doesn't service the loan.
Collateral Finance Corporation do.
By Reading CFC's website it doesn't say the coins need to be slabbed by anyone to use them as collateral for a loan.
It says
"CFC uses A-Mark current market prices to determine the value of the precious metals collateral i.e., gold, silver, platinum, and palladium. Numismatic collateral values are determined by evaluators using PCGS, NGC, Grey Sheet, Blue Sheet, auction prices, expert opinion, and other sources.
Once the value of your collateral has been established you will be notified of the proposed loan amount and interest rate."
So I would assume you could use a coin slabbed by APCGS as collateral the same as you could use a coin in a 2X2.
Would you care to tell me which members you think are representatives of APCGS.
As a side note I have decided to use Lighthouse Quantums instead of getting my coins slabbed.
Edited by BananaBreadNoWalnuts
12/02/2014 11:57 am
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New Member
Australia
26 Posts |
tella,
CFC gets them independently valued so I doubt you would even need a grade.
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Valued Member
Australia
102 Posts |
Without going into their website (CFCs) I'm guessing they are a American company that are based in America. If this is the case I would doubt that they would process a loan by an Australian. In reference to what I was talking about was getting a loan by an Australian banking institution, not finance companies that stick it to you with high interest rates
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Valued Member
Australia
444 Posts |
i have seen less of APCGS graded junk on ebay lately , maybe we will soon be totally free of APCGS graded junk by mid year |
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Pillar of the Community
Australia
1041 Posts |
yep all been snapped up as bargains as you blokes don't like it so its cheap as less bidders because note one of you will buy its hahahaahahhahahhahahhahahahahhaits all going to be mine ahhahahhaahhhahha
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Valued Member
Australia
444 Posts |
yep all been snapped up as bargains as you blokes don't like it so its cheap as less bidders because note one of you will buy its hahahaahahhahahhahahhahahahahhaits all going to be mine ahhahahhaahhhahha , and the smartest thing you could do is crack them out of those third rate slabs and send them to PCGS and triple your money , that is if the coins do not get body bagged
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Pillar of the Community
Australia
1041 Posts |
ah...... so you are saying they under graded...... thanks PNC KING I will look for some more to triple my money cool....... I will be rich rich beyond my dreams thanks for the tip oldson
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Valued Member
Australia
102 Posts |
Failure? I think you might need to join up to the big Facebook auction sites. They seem to be dominating the auctions and I reckon you would fall over when you see the price the items are really selling for.
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Valued Member
Australia
444 Posts |
total failure actually , and to be avoided at all costs
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Valued Member
Australia
157 Posts |
Well Tella I wouldn't say APCGS slabs are dominating the facebook page , there's over 120+ items up for auction atm and I reckon there's only 7 apcgs slabs ,most is low valued stuff under $50
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Pillar of the Community
Australia
1041 Posts |
what site are you talking about
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Valued Member
Australia
102 Posts |
Don't forget to count the ones for sale in people's albums :) btw how many other slabbed coins are for sale on the site that are not APCGS?
Edited by tella
01/29/2015 06:25 am
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Replies: 220 / Views: 41,341 |
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Posted 12/01/2014 06:35 am
