Numis Network Review – Are the Numis Network Graded Silver and Gold Coins Worth the Money?
The Numis Network is a network marketing company that markets silver and gold numismatic bullion coins.
I've invested tens of thousands of dollars in the same type of silver and gold coins that Numis sells. In fact I have 7 Silver Eagle coins on my desk in front of me, to remind me to work hard towards my goals.
I believe that people should invest in these type of coins to potentially profit as metal prices rise, but more importantly, for protection as the dollar is being devalued so much that it could eventually fail.
What I don't believe in is PAYING TOO MUCH for your investments. When you purchase modern silver and gold numismatic bullion coins from a reputable dealer, you pay the spot price (the current price of that precious metal) plus a small commission.
So is an ANACS MS70 graded 2009 Silver Eagle worth 5x more than a non-graded 2009 Silver Eagle?
* Numis charges $125 for their ANACS MS70 2009 Silver Eagle.
* A non-graded 2009 Silver Eagle is $20.
The answer is NO...
Each coin is basically worth the SPOT PRICE of the precious metal content.
Don't believe me? Take a new 2009 ANACS MS70 Silver Eagle to a local reputable dealer and see what they will pay you for it.
The grading of modern numismatic bullion coins is practically WORTHLESS and the only real benefit is that the coin has been certified to be real and it's in a protective plastic slab.
The reason companies now grade newer coins is because they get paid for every coin graded and they've SOLD OUT for profits. How hard is it to grade a new coin?
The grading system was developed to set a standard for evaluating the worth of OLD coins such as silver Morgans or gold St. Gaudens.
Numis Network says that "Graded silver and gold numismatic coins are not ordinary, they are special. The value of these collectible coins is based not only on their precious metal content, but also on rarity, collector demand, and their actual condition."
* The precious metal content is the current silver spot price for one troy ounce of silver, which is $18 right now
* There have been HUNDREDS OF MILLIONS of Silver Eagles minted in the last decade, so they are not rare.
* Serious coin collectors have no interest in paying 5x the spot price of the precious metal content, for a coin that is not rare.
* Of course the condition of new Silver Eagles is pristine... they just got STAMPED at the mint. What would you expect?
So the only real value an ANACS 2009 MS70 Silver Eagle has is its silver value, which is $18.
That would mean that a Numis Network customer would have paid $125 for a coin that will only sell for $18 at a reputable dealer.
And since it's not a rare, 'collectible' coin whose value will go up significantly over time, the only way for them to recoup their investment is to wait for silver prices to rise above $125; or to sell it on eBay to someone else who is IGNORANT about silver coin terminology and values.
So is there a Numis Network scam?
Hopefully the above information has helped you get the information you need to draw your own conclusions.
This article was written by David Wilcoxson who wants to help people get accurate information to make informed decisions about their home business. Click here to read the comments from my Numis Network Review blog post.
For more information on how you can generate MLM leads, earn affiliate income and build your primary business opportunity, click on MLM Lead System.
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Start A Home Based Business Collecting Gold And Silver
Copyright (c) 2010 Larry D Johnson
If you had started collecting gold and silver coins 5 years ago, would you be financially better off today? You bet you would.
If you are looking to create wealth for yourself by starting a home based business, you will want to start doing what the wealthy do.
So what does the wealthy do to make money that the average people don't do? Well first of all they diversify. They have multiple streams of income, not just one Different income streams allow them more control over their time and money.
The wealthy also use leverage in order to get paid on the efforts of many people rather than just their own. They also accumulate valuable assets. Assets that traditionally increase in value over time.
What assets have been pursued by man throughout history? What assets have created empires and lead to the expansion of entire nations? What assets continue to interest investors from every corner of the planet? Well, that would be Gold and Silver.
We know that mankind has always been fascinated with these 2 precious metals,and in today's market with the continued devaluation of the dollar, the value of these metals continue to go up, and that is good news for starting a home based business collecting gold and silver. More specifically, gold and silver coins.
Now everyone knows you can buy gold and silver coins, but do you know what kind of silver and gold coins have exceeded the value of the bullion metal itself? They are called numismatic silver and gold coins.
Numismatic means the study and collection of money.
So what's the difference between a numismatic silver coin, and a silver bullion coin? Well unlike a silver bullion coin which is circulated into the general public.
A silver numismatic coin is a minted uncirculated coin, sealed, certified and graded, by a third party grading company, as to it's value, which is determined by the metal it contains, rarity, demand, and condition of the coin.
Let's look at an example.
A circulated bullion 2009 silver eagle coin is worth about $20.00. In contrast, an uncirculated 2009 numismatic certified and graded MS70 coin is worth about $125.00.
Here is another example.
A circulated bullion 1997 silver eagle coin is still worth about $20.00. An uncirculated 1997 numismatic, certified and graded MS70 coin today is worth $500.00. Now do you see the value in collecting numismatic certified, graded coins?
The numismatic coin industry is now a 10 billion dollar a year business, and 100 billion a year world wide.
You now have the opportunity to build a valuable collection of numismatic silver and gold coins, and make money while doing it. Hey if you are going to collect something, it might as well be money right?
So how do you turn collecting valuable numismatic coins into a profitable home based business? Well one company has combined coin collecting with Network Marketing.
With this business model, you can automatically receive a perfect, MS70 graded, numismatic coin every month and use the leverage of other people's efforts to build a long term monthly income. Wouldn't you rather be "paid 1% on the efforts of 100 people, rather than 100% of your own." Warren Buffet would, he is the one who said it. That is why he bought his own Network Marketing company.
The benefit of silver and gold coins over the traditional network marketing product, is the fact that gold and silver are not collectible not consumable. Even if you never bring anyone into the business, 5 years from now your net worth will be considerably more, because of the accumulation of 5 years worth of numismatic gold and silver coins.
This is a business that is unique in it's conception. It shows people how to build a life time of residual income, plus it can develop a Self-funding Savings Plan that builds true wealth with Silver and Gold collectible Coins. Why not find out more about this business.
See How Gold and Silver Can Be The Best Home Based Business In Today's Economy. This Business Has Never Been Done Before. Visit http://IwantMoreIncome.net See How Thousands Are Turning Gold and Silver Coins Into A Home Based Business That Generates A Huge Monthly Residual Income! Visit My Gold And Silver Biz
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Is there a reason to buy nickel plated brass over sterling silver for aesthetic purposes?
I have a Morgan Silver Dollar money clip that was given to me on my college graduation and have always enjoyed using it until it broke. The actual Morgan Silver Dollar used in the clip was part of my friends deceased father collection, but when I inherited my own collection of coins from my grandmother I used her coin instead. The clip broke and I am now on the hunt for another one. They aren't so easily replaced, but I found two online sites with two different options. One option is 18 dollars and it is a nickel plated brass and the other option is for 38 and it is sterling silver. Now the old clip is stamped with a mark that reads STER and next to that is what looks like a circle with the letter F or P in it. Does this mean that the old clip was Sterling Silver? My real dilemma here is that I liked the clip so much that I thought I would buy two of them, one for the same Morgan Silver Dollar and a slightly larger one for a Silver Eagle. I have a super clean and very shinny Proof that I was thinking of putting into the larger clip if I decide to buy it. So if I go Sterling Silver then I am looking at 90 dollars or so for both of them. My real question, is besides the material differences, what's the differences between these two types of metals? I get Sterling Silver is a precious metal. If the clip I have now is sterling silver which the stamp STER probably indicates that it is, I can attest to the fact that they nick up and dull rather easily. Do the Nickel plated brass ones do this too? Is the nickel version of this clip simply a cheap option or would there actually be an aesthetic reason to buy this over the sterling versions. I'm thinking that nickel might not tarnish to easily and would stay shinny as well, then again what do I know. Advise please appreciated. Thanks
Silver Eagle Proof Coins Ending Soon on eBay:
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Silver Eagles On eBay:
