From the article:
Quote:
including $590,000 for coins from the New York Mint
So he bought graded coins worth around $225,000? According to a few fraud and consumer protection websites the "New York Mint" is a firm that pushes "investment grade" certified NGC & PCGS coins (mostly gold and silver dollars) but prices them at 2-3 times the current market price.

"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.
See my want page:
http://goccf.com/t/140440