Our advisors are well aware of the problem plaguing the precious metals investing community and have developed a strategy to help you minimize your losses on such purchases.Codename: Eagle is a refreshing FPS ( first-person shooter) game for Windows, developed by Refraction Games (from Sweden) and published by Take-Two Interactive in 1999. If you’ve purchased any of the broker exclusive Canadian coins mentioned in this article contact the advisors at Scottsdale Bullion & Coin. Reduce Your Losses on Broker Exclusive Coins Once you’re happy with a broker’s buyback policy, have them send it to you in writing. Also, see how long they plan to take to repay you for the coins. Check to see if the broker charges a premium to purchase back coins or limits the number they’ll accept. Offering a buyback policy is a sign that the broker is not selling counterfeit products. This can help you to avoid paying an excessive premium for these bullion coins. Before purchasing coins, check gold or silver spot price charts to find the spot prices. It’s common for them to charge 40% to 50% more than the value of the coin. Most brokers claim the gold and silver coins they sell are worth more than their precious metal content. Mint has a list of brokers that the Better Business Bureau represents, and you can also read consumer reviews. Whether you’ve worked with the company in the past or have researched their reputation, it’s important to know you’re doing business with a fair and honest seller. How can you avoid overpaying for bullion coins? Using the following guidelines can help. Use These Guidelines When Purchasing Coins In fact, if you call and ask them what they would buy them back for on the same day of purchasing, it can be difficult to get a straight answer. Most brokers don’t advertise their buyback policy or price for these exclusive coins. They are IRA eligible, but the price of these coins should still be set according to their bullion content. Many of the coins can be included in such a retirement account. This can make it difficult to draw quick comparisons to the spot price for the metal content.īrokers often market these coins among their offerings that are eligible for a precious metals IRA. While this isn’t always the case, a common trend for these coins is producing them in odd weights, usually 1-½ ounces. In many cases, customers can’t find the coins on the Royal Canadian Mint’s website. It can be difficult for customers to research the coins because information about them can usually only be found on the website of the broker who is exclusively offering them. When customers want to sell the coins, they discover they’re only worth their weight in gold or silver. Note that the coin brokers, NOT the Royal Canadian Mint, are misleading customers about these coin types.īrokers often sell the coins well over the spot price for their precious metal content. Do not fall for these sales tactics! Know that these are just bullion coins, and they should not cost more than any other Canadian Maple Leaf coin.Ģ020 Silver North American Bald Eagle CoinĢ015 Canadian Gold Polar Bear and Cub CoinĢ015 Canadian Silver Red-Tailed Hawk CoinĢ015 Canadian Silver Polar Bear & Cub CoinĢ014 Canadian Silver Peregrine Falcon CoinĢ013 Canadian Silver Pronghorn Antelope Coin Like bullion coins, the coins in the chart below are only worth their metal content, but some major coin companies are claiming exclusive selling rights to them and charging high premiums. Don’t Pay a High Premium for These Canadian Coins Before you purchase any of these coins, learn what you need to watch out for. Many buyers of these coins are losing thousands of dollars overnight. Once purchased, customers are shocked to find out that these high premium coins are only worth their metal content. In the world of coin collecting, the word “rare” suggests an item is numismatic, meaning it carries greater value than its weight in gold or silver however, buyers should beware of the adjective “exclusive.” In recent years, several coin brokers have advertised exclusive gold and silver coins from the Royal Canadian Mint, selling these bullion coins at a high premium over their spot price.
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