1 / 23

3 Lies About Rare Coins

We regularly take calls from Money Metals Exchange customers who have been bamboozled and taken for a ride by one of the many rare coin (or numismatic) dealers and their extortionately high prices. So what happened? And why do so many people continue to sink their serious money into the illiquid and usually underperforming rare-coin collector market? Well, the answers can be found by unmasking the deceptive arguments rare coin dealers use to trick their unsuspecting prey into paying WAY more than melt value for gold and silver. Here we examine the three most common deceptions used by peddlers of rare coins...

moneymetals
Télécharger la présentation

3 Lies About Rare Coins

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 3 About “Rare” Coins

  2. 1 Rare Coins are “Confiscation Proof”

  3. 1 Rare Coins are “Confiscation Proof”

  4. WHY?

  5. WHY? Under two federal laws the U.S. government claims the power to seize any private asset whatsoever in times of national emergency or war.

  6. WHY? Under two federal laws the U.S. government claims the power to seize any private asset whatsoever in times of national emergency or war. Nothing is automatically exempt.

  7. WHY? Under two federal laws the U.S. government claims the power to seize any private asset whatsoever in times of national emergency or war. Nothing is automatically exempt. There is no requirementthat gold be held by the Treasury to back the money supply.

  8. WHY? Under two federal laws the U.S. government claims the power to seize any private asset whatsoever in times of national emergency or war. Nothing is automatically exempt. There is no requirementthat gold be held by the Treasury to back the money supply. The “need” to seize gold in order to inflate the currency no longer exists.

  9. To “protect” against the chance of confiscation, rare coin buyers suffer IMMEDIATE CONFISCATION OF WEALTH by failing to buy bullion coins, bars, and rounds in the first place!

  10. 2 Rare Coins are “Not Reportable”for Capital Gains Tax Purposes

  11. 2 Rare Coins are “Not Reportable”for Capital Gains Tax Purposes

  12. WHY?

  13. WHY? Government reporting requirements are virtually identical for numismatics and bullion.

  14. WHY? Government reporting requirements are virtually identical for numismatics and bullion. Rare coin salesmen “forget” to mention that any capital gain you enjoy in selling a rare coin is still something that you must report on your tax return – whether or not a 1099 was filed by your dealer.

  15. 3 Rare Coins Offer More Reliable Price Appreciation Potential

  16. 3 Rare Coins Offer More Reliable Price Appreciation Potential

  17. WHY?

  18. WHY? The outrageous buy/sell spreads common with numismatics severely eat into the profit potential associated with owning the item.

  19. Almost all rare coin dealers have actual bullion for sale.

  20. They just want to steer you to their high-premium numismatics, which reward the high-pressure salesmen with fat commissions.

  21. For your serious investment money, stick with the gains that come with gold and silver bullion.

  22. moneymetals.com Free Expert Consultation: 1-800-800-1865

More Related