Garfield Refining, one of Pennsylvania’s oldest precious metals refineries, presents actionable ways to avoid gold scams for people looking to invest in numismatics.
www.garfieldrefining.com
3. PURCHASING GOLD COINS & NUMISMATIC COINS
The best way to
buy gold is to
PURCHASE
COMMON
COINS.
These should sell
for 3% to 5% over
gold’s spot price.
If a dealer says
you should pay
more, look
elsewhere.
4. PURCHASING GOLD COINS & NUMISMATIC COINS
UNDERSTAND THE SALOMON INDEX.
It is based on the value of 20 extremely rare coins.
Coins like American Eagles, Canadian Maple Leafs and
Krugerrands are far more common and do not
appreciate like rare coins.
5. PURCHASING GOLD COINS & NUMISMATIC COINS
Be sure the gold or
silver coins can be
BOUGHT AND
DELIVERED AT THE
PRICES QUOTED.
SEE THE COINS before
you buy them and be sure the
dealer can deliver the coin itself.
6. PURCHASING GOLD COINS & NUMISMATIC COINS
Buy only
PCGS OR NGC CERTIFIED “SIGHT-SEEN”
U.S. numismatic gold or silver coins with a fair
inspection period after delivery. Make sure
your coin has been inspected for copper spots
and other imperfections by at least
two numismatists.
7. PURCHASING GOLD COINS & NUMISMATIC COINS
CONDUCT EXTENSIVE
RESEARCH (both online
and at coin shops) before purchasing
numismatic coins. The valuation
system can be difficult to grasp for
beginners.
8. PURCHASING GOLD COINS & NUMISMATIC COINS
CHECK THE GRADES
OF COINS WITH
AN INDEPENDENT
SOURCE BEFORE
BUYING. A reputable dealer will
stand by his product
and welcome a third-
party appraisal.
9. PURCHASING GOLD COINS & NUMISMATIC COINS
BE CAREFUL
OF OVERPAYING
FOR COLLECTORS’
ITEMS OR GOLD
COINS IN PRETTY
PACKAGES.
No serious investor/
collector cares
whether his/her
gold coins are
displayed in a
pleasing manner.
10. PURCHASING GOLD COINS & NUMISMATIC COINS
When looking to buy
gold as an investment,
UNDERSTAND
THE DIFFERENT
STRATEGIES
between buying coins
and buying numismatics.
Buying coins is focused
on the gold price. Buying
numismatics is about
the coin’s rarity.
SOME EXAMPLES OF NUMISMATICS:
1913 Liberty Head Nickel: $3.7 Million
1933 Double Eagle:
$7.6 Million
1804 Silver Dollar,
Class I: $3.8 Million
11. Find out more ways to protect yourself
against gold scams:
GarfieldRefining.com/Gold-Scam-Prevention
THANK YOU!
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