Numis Network is a coin company that is trying to market there silver and gold numismatic bullion coins through multi-level marketing. There are people who invest thousands of dollars into the exact same type of silver and gold coins. In fact, coins are well over a billion dollar industry. So lets dive a little deeper and see what all the fuss is about.
I would like to point out and do believe that people should, without a doubt, be investing in these type of coins. I’m sure you have heard that US currency is not being accepted by some countries. It is nothing more than ‘paper’ and is a symbol of the debt our country owes to neighboring countries. In other words, the dollar is not what it use to be. Some are saying the dollar is being devalued so much that it could eventually fail.
Precious metals on the other hand have increased in value and could potentially continue to do so. So these bullion coins seem to be a pretty solid investment, or at least seems to be. What I don’t believe in is PAYING TO MUCH for your investment and that definitely seems to be an issue with the Numis Network and what they are charging their distributors. It is important you understand when you buy these coins from a ‘reputable’ dealer you pay spot price (current price of the precious metal) plus a very small commission.
So why is the Numis Network charging 5x more for the ANACS MS70 graded 2009 Silver Eagle? Is it really worth paying that much more than a non-graded 2009 Silver Eagle?
***Numis Network charges $125 for ANACS MS70 2009 Silver Eagle.
***Non-Graded 2009 Silver Eagle is only $20.
What we are trying to figure out is WHY is it that each coin has the SAME AMOUNT (same worth) in precious metal content but Numis is charging 5x the amount. It just doesn’t make sense.
Maybe your already in Numis and you don’t believe me. Do yourself a favor, take your 2009 ANACS MS70 Silver Eagle to local reputable coin dealer and see what they will pay for it. The grading of these modern numismatic bullion coins is practically WORTHLESS. The only real benefit you have is that they are certified to be real and the protective plastic slab they come in. I can get the exact same thing 2 miles from my house at my local mall and pay $100 dollars LESS.
Your probably asking yourself why do these companies grade coins. Yep, you guessed it, they get PAID for EVERY COIN graded and they’ve SOLD OUT for profits. So how hard is it to grade coins?
The grading system was introduced to set a standard for evaluating the worth of OLD coins. Maybe your familiar with Morgans or gold St. Gaudens. If you have found a network marketing company that is charging $125 for those coins let me know. I’M IN.
So why is it that Numis Network claims to have their hands on rare collectable coins? Why are they saying they are not ordinary and that they are special?
Once again, collectable coins are based on their precious metal content and also rarity, collector demand, and the condition they are in. How does Numis compare in comparison?
- Precious metal content (silver spot price) for one troy ounce of silver is $18 right now
- Silver Eagles minted are not rare. There have been HUNDREDS OF MILLIONS minted in the last decade
- Serious coin collectors would NEVER pay 5x the spot price for a coin that is not rare. Precious metal content is precious metail content period.
- Silver Eagle is pristine… They just got STAMPED at the mint. Would you expect anything less?
Hopefully you understand what I have gone over with you. The REAL value of an ANACS 2009 MS70 Silver Eagle is $18. What this means is that a Numis Network distributor or customer is paying $125 for a coin that is worth no more than $18 at a reputable coin dealer.
These coins are not rare and the value will not go up significantly over time. So the only real way to recoup your money is to wait for silver prices to rise above $125; or try and sell it to someone on ebay who knows nothing about coins.
Your Friend
-Josh Paiva
P.S. Be sure to leave your comments on this one. I’d like to hear how many of you think I’m full of it, right on, etc
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Every one want to save there wealth physically gold bullion is good choice.Thanks for the great reading, we buy gold coins in a recession. I will pass this on to our Ira clients to read.
gold coins