BETRAYAL: The "Rare" Coin Scam Grows - Here's the latest

Stefan Gleason Stefan Gleason

Stefan Gleason

November 8th, 2011 Comments

I want to share something personal with you.

About two years ago, I became deeply troubled by what we saw unfolding in the retail market for precious metals.

Quite frankly, a number of our valued newsletter subscribers were getting taken for a ride by high-pressure salesmen peddling "rare," commemorative, or "proof" gold and silver coins.

Rare Coin Scams

Our subscribers knew they needed to begin stocking up on physical precious metals to protect themselves from inflation and financial turmoil. But a multitude of companies (usually those advertising on TV, in magazines, etc.) deliberately kept steering them away from straightforward bullion products – the safest and purest way to invest in precious metals.

It was a situation in which new buyers of gold and silver were being pressured and, yes, misled into buying coins with outrageous premiums – far, far above the "melt value" of the metals themselves.

To be sure, those so-called "rare coin" companies are making an absolute mint with their bait-and-switch tactics and their overpriced, illiquid numismatic coins. And their customers are given bad advice at best – or ripped off at worst. Just last week, California authorities filed criminal charges against one of these companies – Goldline.

The worst part is these rip-offs enable high-pressure "collectible coin" outfits to fund a vast array of slick TV commercials, impressive celebrity endorsements, and other "big ticket" ways to get even more unsuspecting precious metals buyers to pay far higher than is wise or necessary.

For me, enough was enough. We could do better. Far better.

That's why, since day one, Money Metals Exchange has been keeping it simple and doing it right. And boy has the buying public responded!

Our precious metals company's mission is to get as many ounces of gold and silver bullion coins, bars, and rounds into the hands of our customers as possible – and at low prices.

Deciding what form of precious metals to purchase is, for many, a difficult decision. That's why we are staffed with nothing but patient, knowledgeable, and helpful professionals. No high-pressure sales. Not ever.

To lay out our basic philosophy on investing in physical precious metals, we've developed our Precious Metals Buying Guide: How to Ride the Bull Market in Physical Bullion without Being Ripped Off.

Every potential buyer of precious metals should have a copy of this primer... whether you have bought any, are thinking about it, or even if there is someone you care about who is considering a purchase.

That's why I'm sending this resource to you right now at no cost with our compliments. Precious metals buying guides And feel free to forward this email to your family and friends. Earnestly,

Stefan Gleason, President

Money Metals Exchange

P.S. Our Precious Metals Buying Guide also outlines the low-cost bullion coins, bars, and rounds that are among our top recommendations. I hope you'll give Money Metals Exchange a call at 1-800-800-1865 if you have any questions whatsoever. Or continue browsing our website for more information.

Stefan Gleason

About the Author:

Stefan Gleason is CEO of Money Metals Exchange, the company recently named "Best Overall Online Precious Metals Dealer" by Investopedia. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC and in hundreds of publications such as the Wall Street Journal, TheStreet, and Seeking Alpha.