How to approach a numismatic gold coin company to reveal its motives toward you

How do you find a bullion or numismatic gold coin company who will treat you honestly and sincerely and put you into the kind of gold and silver that is best for your needs?

The simplest way to determine its motives is to ask them an open-ended question. First of all, when you call a numismatic gold coin company, make up a little scenario about you being afraid of the stock market and have just liquidated $100,000 of your portfolio, and you want to put that money into gold. Then simply ask them what kind of gold they would recommend. Their answer to that question will tell you from where they are coming.

If they recommend buying gold bullion for speculation and they don’t warn you about a possible confiscation, they are not the company for you. If they recommend buying old foreign gold, claiming that these coins are numismatic and non-confiscatible, run the other way. If they recommend the high Mint State numismatic gold coins for speculation, hang up and try another company. If they try to talk you into converting your regular IRA into a gold IRA, dial the next number.

On the other hand, if the numismatic gold coin company recommends buying numismatic American gold and silver in the lightly circulated condition, strictly for wealth preservation, then they are probably a company worth talking to. My experience has been that more than 90% of the gold coin companies out there will try to scam you and put you into coins that you don’t need.

As I have said before, the worst scam artists are the so-called Christian companies. I have a friend who once told me, “When you see someone approaching you with a Bible in one hand and a flag in another, run the other way.” They come in sheep’s clothing, but as Little Red Riding Hood discovered a little too late, “My, Grandma, what big teeth you have.” Hopefully, with a little knowledge of the scam tactics in the coin industry, your plight won’t be like hers.

Avoid being a victim by learning about the various scamming techniques in the numismatic gold coin company business

Following are a number of scamming techniques that you can learn to recognize and thus avoid.

1. High MS Coins for Speculation – Wrong Road for the Wrong Reason

2. High MS Numismatic Coins and Counterfeiting

3. Grading Gold Bullion Coins

4. The Churn and Burn

5. The Wells Fargo Find

6. Foreign Gold Coins and False Claims

7. Beware the Bait-and-Switch Technique

8 . A Gold IRA – Don’t Go That Way

9. Gold Storage and Safety Deposit Boxes

Back from Numismatic Gold Coin Company to the Home Page