Numis Network a Rip Off? Real Value of Silver MS70 American Eagle Coin
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Uploaded by YourATMmachine on Feb 19, 2010
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@rightsideofhistory It makes no sense to pay them $500 to start up! RED FLAG NO.1. RED FLAG No. 2 was when I found out that you have to purchase one of these overpriced coins every month. Instead I started dealing with American Gold reserve The site is under construction and wont be fully launched till mid Aug. 2011 They're like numis except you pay no start up fee, and you don't need to buy overpriced coins every month. It's FREE! Sign up with sponsor name "orphan"
apalm20 7 months ago
@rightsideofhistory Well, like I said we'd have to agree to dis agree. Your thinking of the Eagle as bullion. Numismatists don't. Hence the value change. If you want bullion then don't buy slabbed.
You just can't buy them directly from the mint and they are always sold for more than silver due to that.
SicaGR 8 months ago
@SicaGR That is because change is fiat currency. No, it doesn't have the metal value in the coin itself. A $100 bill is made with 5 cents worth of paper and ink. That is precisely the point I am making. The value of fiat, and the value of numismatics, are public opinion. The additional value of a 2009 eagle in a plastic case you believe is +$80 above it's $20 bullion value... to me, I would only agree if it was 2060 and most were melted or destroyed by then. Rarity is key, then we agree
rightsideofhistory 1 year ago
@rightsideofhistory I disagree but we will just have to agree to disagree. You will never find a 1933 gold piece for spot regardless of the economy.
If it's only worth the base medal than your change isn't worth what it says. For example the presidential dollar coin doesn't have $1.00 worth of metal in it.
SicaGR 1 year ago
@SicaGR Numis doesn't real with rare coins. They slab 2009 eagles. Next year they will probably be doing 2010 eagles. Simply pulled from Monster Boxes and sent for grading. They got them for $19 each. But no matter how you slice it, numismatics ARE bullion. They are a chunk of metal. The collector value whether its $99 or $7 million, is out of thin air. Personal opinion. Personally speculative. In a crash/collapse situation, their currency/barter value will be solely the weight
rightsideofhistory 1 year ago
@rightsideofhistory - See the problem is your looking at it as bullion. Once it's slabbed in plastic with a high grade it's not considered bullion any more. It has numismatic value. It's like saying the 1933 double eagle that sold for 7 mill is only worth spot. Personally I don't send them in to be graded & I hate it when people come in to sell one graded MS65 & want a huge premium for it either.
SicaGR 1 year ago
@SicaGR By going 5X in value? 500% ?? Thats quite the premium for no scratches. Frankly, First Majestic 1oz rounds are only $20 and blow the doors off ANY american eagle coin, MS70 or otherwise. They are gorgeous deep cameo with mirrored (see your face in it) centres. 20 bucks. I'll never agree with a 1oz silver coin being $99, with spot ounce price being $18. I don't care how scratchless under a microscope it is.
rightsideofhistory 1 year ago
Actually I find them all to be equal your paying for an opinion but unfortunately consumers prefer PCGS & NGC over ANACS. Usually SHN is usually highest.
SicaGR 1 year ago
@rightsideofhistory - Once it's graded it ends up having a premium value due to it's condition.
SicaGR 1 year ago
@rightsideofhistory I see this Numis Network everywhere on youtube. They are totally hitching to people that have no idea about coins or the value of them. These people are all internet marketing get rich quick people and they are all getting completely screwed to the floor boards. Just think after a year you can spend over 1200 dollars for 12 ounces of silver. Holy Crap. I totally agree with you rightside.
TheChiefSteel 1 year ago