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And one of the biggest scams going is numismatic coins ...
Numismatic coin dealers are preying on uneducated investors now more than ever before!!
Numismatic coins are gold or silver coins that have value in the metal, as well as value in the collectability of the coin (how rare, condition, purity, etc ...)
Numismatic coins in themselves are not a scam ... they do have the value they claim ... but only to another collector/investor ...
If you are investing in precious metals for the intrinsic value of the metal ... investing in numismatic coins is perhaps the BIGGEST mistake you can make ...
These coins sell for sometimes several times the value of the metals contained ... and this 'perceived' value will be lost, if you ever have to use your precious metal coins as currency!!
When the day comes that you need to use a couple silver or gold coins/rounds/bars to buy necessities, you are going to be very hard pressed to find a dealer/collector who will evaluate and grade your coin on the spot, and give you a decent exchange for it!!
If you are investing in precious metals as a means to protect your earnings against a possible collapse of the economy, or to profit from the rising prices of gold and silver in this current bull market, YOU DO NOT WANT TO INVEST IN NUMISMATIC COINS -
DO NOT GET TAKEN IN BY THE HYPE THAT COINS CANNOT BE CONFISCATED BY THE GOVERNMENT!! THIS IS ALL BULLSHIT PROPAGANDA THAT THESE SCAMMERS USE TO PROFIT BY SELLING NUMISMATICS TO YOU!!!
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