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 Replies: 23 / Views: 2,941 |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
830 Posts |
I concur  |
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Pillar of the Community
United States
648 Posts |
Thank you - great article.
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Pillar of the Community
United States
1213 Posts |
A lot of good advice in there, including: Quote:
For both investors and collectors, it's best to avoid purchasing from privately owned specialty mints such as the Franklin Mint and the Bradford Exchange, which produce specially designed commemorative and collectible coins and other items. They generally have high markups, there's very little of an "aftermarket," and -- in many cases -- the actual bullion content of the coins isn't great enough to make them a true investment. Years ago I mistakenly bought some Franklin Mint crap. I still haven't been able to get rid of it. |
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Pillar of the Community
United States
3345 Posts |
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Pillar of the Community
United States
1064 Posts |
Wow, some great advice in there. I don't have much gold myself, wish I had bought a bit more some years ago. Now, I think my whole 401(k) might buy one set!
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Rest in Peace
 United States
9104 Posts |
Bradford has all kinds of "collectables". They make it sound like stock market where it's easy to buy/sell, but they have weird spreads, and then get a huge % commission.
If you have a $100 retail item, you might be able to get $25 for yours.
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Rest in Peace
United States
9104 Posts |
Quote:
I mistakenly bought some Franklin Mint crap. I still haven't been able to get rid of it. Most of their stuff is sterling or 999. Should be a ready market for either unless you bought at the peak. Back in 1980, people made money on silver they paid $9 an ounce for when spot was $3. |
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Valued Member
United States
368 Posts |
pretty good read....thanks for the link!
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Pillar of the Community
Canada
902 Posts |
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Bedrock of the Community
United States
14454 Posts |
Quote:
Years ago I mistakenly bought some Franklin Mint crap. I still haven't been able to get rid of it. I have seen quite a few elderly people have whole sets from the Franklin mint that they purchased as an "investment" when they were younger to sell when they retired and still to this day they can't get back the money they paid for the items they purchased from Franklin Mint back then |
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Pillar of the Community
United States
830 Posts |
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Pillar of the Community
United States
4008 Posts |
You got that right, GT.  "THE C.O.A DOES NOT COME WITH EACH COIN OR THE SET -- IT'S TO SHOW THE AUTHENTICITY OF THESE COINS. MY GRANDFATHER SAID HE HAS THE C.O.A SO I'm TRYING TO LOCATE IT. AS OF NOW THERE IS NO COA." Comments like this leave me cold. It sounds a lot like "The check is in the mail", "Would I lie?", or "Trust me <grin>". Not sure whether the lack of a COA or the seller's implication that having one is important bothers me more.  |
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Rest in Peace
United States
9104 Posts |
The COA is an easy-to-fake piece of paper. If the only value is because of the COA, you shouldn't buy it.
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Pillar of the Community
United States
830 Posts |
Well as long as its just Nevada that is missing LOL... |
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Rest in Peace
United States
9104 Posts |
No way an incomplete circulated set containing 56 ounces is worth 53.55 per in today's market.
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Replies: 23 / Views: 2,941 |
Posted 06/15/2011 7:33 pm
