Posts Tagged coin dealers
Selling coins, jewelry? Might need some ID – Coeur d’Alene Press: Local News
Posted by admin in Uncategorized on January 25, 2012
Kootenai County isn’t alone in looking at tightened regulationof coin and precious metal dealers.
A state representative from Post Falls is working to introduce abill in the legislature that would require coin dealers, pawn shopsand precious metal dealers alike to ask for ID from sellers, withthe aim of better tracking potentially stolen goods.
“This is really being brought forward now because there were somany burglaries in houses (in Kootenai County),” said Rep. FrankHenderson, who said his bill has just been submitted at thecommittee level, where it will be determined if it is acceptablefor introducing into the legislature. “Burglars were quicklysnatching coins and jewelry and gold laying around, taking them toa shop that weighs it, gives them money and they’re often notidentified.”
The bill would ideally require such entities to record sellers’personal information, Henderson said, to track them if the itemsthey sell are determined stolen.
“It might help recover goods,” he said.
There is currently no state statute requiring coin and preciousmetal dealers to ask for ID, though there is a state requirementfor scrap dealers to take ID from sellers of nonferrous metalproperty or stainless steel.
Kootenai County, as well as Post Falls and Coeur d’Alene, havelaws requiring pawn shops to record personal information aboutsellers and their items. The county is considering expanding thelaw to include coin shops and precious metal dealers, in lieu ofthe recent burglaries.
Henderson said it is too early to tell if his bill will garnerwide support among lawmakers.
“I think it’s something that law enforcement agencies would beinterested in,” he said.
Some coin dealers have objected to the county’s proposal torequire ID from sellers, which they worry would deter customers whovalue their privacy.
Dave Floyd, owner of DJ’s Coins in Coeur d’Alene, said he isjust as unsure about a state law as the county proposal.
“I’m sure it would be a mixed bag,” he said of how customerswould react to handing over their IDs. “If half the people don’tlike it, obviously it would hurt my business.”
Sen. Steve Vick, R-Dalton Gardens, said he wouldn’t support sucha bill for similar reasons.
He has spoken with a shop owner who claimed it could ruin hisestablishment, he said.
“If what we’re trying to do is thwart the fencing of illegalgoods, it’s just a Band-Aid approach,” Vick said. “We’re treatingthe symptoms, not the cause. We either need to have stifferpenalties for (thieves) who get caught, or enforce what we have onthe books.”
Rep. Kathleen Sims, R-Coeur d’Alene, felt the precaution couldbe useful in catching thieves in the first place, though.
“If they have to show ID to sell lit, I think most definitely(it would help),” she said. “The idea behind it I do support.There’s a lot of home theft and theft of gold, based on its price.I think it’s extremely timely for him to bring it forward.”
Coeur d’Alene attorney Jim Crowe said he feels the need forimmediate action, too.
Also worried about the county’s myriad burglaries last year, hehas been lobbying state, county and Coeur d’Alene officials to beefup regulations for coin and metal dealers over the past fewmonths.
“I’m not one to put restraints on businesses, but I think whatwe’re encouraging right now by not having the proper law is anyonecan come in with (stolen) jewelry,” Crowe said. “Coin dealers andbuyers are not required to get any ID whatsoever, it only allowsfor theft to continue to grow.”
Crowe is convinced few coin and metal dealers make an effort tovet customers, he added. He tested this theory last month by tryingto sell jewelry at three separate coin/metal buyers in town, all ofwhom offered to pay him cash when he claimed he lacked ID to cash acheck.
“I let my beard grow out for six days, I looked a mess,” henoted. “They all agreed to cash.”
Henderson said he expects it will be at least a couple weeksbefore he finds if there’s broad enough support for the bill.
“It’s a little early in the game,” he said. “I am investigatingthe attitude of the legislature.”
Selling coins, jewelry? Might need some ID – Coeur d’Alene Press: Local News
Numis Network Coins – What Are These Coins Worth?
Posted by admin in Uncategorized on January 21, 2012
One of the first things people ask when learning about Numis Network are the coins. They almost immediately want to know how much they are worth and if they are overpriced or not. The answer to the overpriced question is that Numis’ coins are competitively priced. If you don’t believe that I’ll show you some proof. If you go get yourself a copy of Money Magazine or Forbes you are likely to find some advertising for other numismatic coin dealers. If you were to compare the prices of Numis Network coins to the coins those dealers sell you will find that the Numis coins are in fact cheaper. you could also head on over to ShopNBC.com their pricing is almost identical to Numis. Just by doing some basic research you will find that the coins are not overpriced. Sure you can find them cheaper on eBay, but you can find any Network Marketing product on eBay for cheaper than what it’s sold to customers and distributors for.
Many people are confused about whether the coins are bullion, and what the difference is between numismatic coins and bullion. The coins sold through Numis are not bullion, they are numismatic coins – more specifically they are MS70 numismatic coins, which is the highest grade possible. Numismatic coins are collectible coins that are graded by a professional grading service and encapsulated for protection. The biggest benefit of numismatic coins and MS70 coins is their value isn’t just determined by the precious metal content like bullion coins, but also because of their rarity, collector demand, and condition.
To demonstrate this point lets compare the value of bullion to numismatic coins. First, the price of a 2009 Silver American Eagle Bullion Coin is worth right around $20 (the spot price of silver). Now, a 2009 MS69 Silver American Eagle is worth roughly $30. That’s better than the price of the bullion, but not substantially more. Looking at a 2009 MS70 Silver American Eagle, the value is roughly $125. Now that’s a huge jump in price, it’s a more than 400% increase in value. The reason for this is because of its condition, rarity, and collector demand. If we take it one step further and look at an older coin, a 1997 MS70 Silver American Eagle its value increase once again increases to around $500. and that’s not even close to as valuable as a 1991 MS70 Silver Eagle, which is valued at approximately $34,500
Numis Network specializes in the sale of modern issue MS70 coins that are graded by only the most respected and trusted grading services (i.e. ANACS, NGC and PCGS). this ensures the coins you receive are of the highest value and are recognized as such. Numis Network coins come from the leading government mints and include the Canadian Silver Maple Leaf, Chinese Silver Panda, Australian Koala and Kookaburra, Silver Mexico Libertad, Silver Britannia, and Austrian Gold Philharmonic.
Numis Network is so confident their coins are competitively priced they partnered with the leading authority and pioneer of the graded, modern issue coin industry, Mr. Mike Mezack. There’s no way Mike would partner with Numis Network if he didn’t see the value and opportunity Numis Network provides.
Local Coin Dealers and the Rush For Silver Coins
Posted by admin in Uncategorized on January 12, 2012
The answer to the first question is yes, those commercials are ridiculous. The answer to the second question, though, is also yes. More and more people every day are coming to the newfound understanding that the government is not going to handle their investments for them – at least not well, and that by finding reputable coin dealers they can invest in one of the most stable commodities that’s ever existed in this country.
The time has come when people are returning to the mindset of previous generations who knew that their money was best protected when it was in their hands. my great grandfather was notorious for burying money in coffee cans in his garden, but he was also smart enough to have invested in silver when everyone else was throwing their money into the stock market. while those people were rushing to the bank to withdraw cash for their broker, he was carrying his coffee can to one of the coin dealers in town.
It wasn’t until the stock market crashed in 1929 that people started to realize my great grandpa wasn’t such an oddball after all; in fact, he was pretty smart.
MANY OPTIONS ARE AVAILABLE TODAY
Today, there are so many more coin dealers around than there were back then and, while that makes things more convenient, it also means that we have to be far more careful about knowing who we are doing business with. a simple search on eBay for the phrase silver coins brought up nearly 30,000 results
While it is tempting to jump on board the silver rush immediately, it is important to first educate yourself on what it means to invest in silver and how to go about doing so in a careful and responsible way that will protect your finances, your investments, and your family for years to come. my e-guide, a Guide to Silver Coin Investing, was written with first time silver coin investors in mind and you can download it at absolutely no cost or obligation.
Numismatic Coin Dealers – Where To Find Them?
Posted by admin in Uncategorized on January 7, 2012
You are probably reading this article because you are looking for numismatic coin dealers and my guess is that you want to buy these gifts as a collector or perhaps as a gift to someone else.
There are a variety of dealers out there if you do a simple search. However the ones that I will be talking about today actually sell highly graded silver and gold numismatic coins, but what is unique about them is that they actually help you earn money from these coins WHILE you build your collection as well. Pretty sweet
What I am referring to here are representatives from the Numis Network. This network only sell its beautifully ANACS graded silver and gold coins through its representatives. They come in the highest quality grade being MS70. Just like diamonds, this grade of silver coin is the perfect coin.
Dealers who are representatives of this company are actually collectors and promoters of the coins. This allows them to earn a residual income from the company based on the volume of sales in their organization.
So if you are a or looking to become a numismatic collector by becoming a representative for this company, you get access to highly graded silver and gold coins from government mints from around the world at very competitive prices. and if you are up for it, you can earn a residual income while you build your collection, an almost perfect combination.
So the question is where do you find these dealers? well you can simply do a Google search about this company and I am pretty sure you will have plenty of results showing up. now the key here, is to actually want to do business with leaders in the fields, as this will actually determine the level of success you would have in this business when if you decide to head that way as well.
One thing that you want to be aware of here is that when looking to buy numismatic coins, you want to be sure that they are graded by the most reputable grading associations in the country, one of which is ANACS. I would not recommend buying or finding dealers on common auction sites simply because there are a lot of fake graded coins and you can easily severely overpay for coins that are not worth much.
So buy aligning yourself with this company, you are pretty much guaranteed to get the highest possible graded coins and build your museum quality collection.
Whitman Announces Special Collaboration with the Maryland War of 1812 Bicentennial Commission
Posted by admin in Uncategorized on January 4, 2012
Whitman Coin & Collectibles Expo announced today it will enter into a special collaboration with the Maryland War of 1812 Bicentennial Commission at the Whitman Baltimore Expo in March. Whitman General Manager David Crenshaw said the two organizations will work together to foster awareness of the Star-Spangled Banner Commemorative Coins (see above), as well as the events of the War of 1812 that took place in and near Baltimore.
“we all know that coin dealers and collectors are among the most historically minded people you’ll find anywhere. we believe this collaboration with the Commission will be mutually beneficial to both of us, while also creating value for everyone who attends our Whitman Baltimore Expo in March of next year,” mr. Crenshaw said.
Mr. Crenshaw said the Commission will have a Special Exhibitor Booth at the March Expo and will also provide an educational presentation featuring the critical events of the War that took place in Maryland, including the penning of “the Star Spangled Banner” by Francis Scott Key as he witnessed the Battle of Baltimore at Fort McHenry.
Kate Marks, who represents the Commission in its cooperative work with Whitman said commemorative coins are an important part of the funding mechanism that will allow her organization to support bicentennial activities, assist in educational outreach, and preserve sites and structures relating to the War of 1812.
“the War of 1812 was a pivotal moment in our nation’s history. so, it’s important we commemorate these events, and one way we can afford to do that is through the Commemorative Coins,” Ms. Marks said.
Marks said coin surcharges will help fund $8.5 million of the Commission’s work, if all coins are sold.
For more information about the events and activities of the Commission, visit www.starspangled200.org.
Whitman Announces Special Collaboration with the Maryland War of 1812 Bicentennial Commission
Gold Prices
