Coin Guy markups
I saw that the Coin Guy is selling 1oz of silver for $27 and on silver and gold charts are selling for $15.67. That is a big markup
As a coin collecter I can tell you that Coin Guy’s prices are too high and inflated. Just check out a coin mag or go on line and google up coin dealers and see for yourself. A not too distant story had people losing their shirts when they went to sell. Part of the reason is the coin market has been shrinking since the inter net. Younger people have more choices for hobbies and entertainment.
One word: Boring
Those bars are collectible. There’s other factors that determine the price other than just the weight. Some can sell for less, and some for much more.
You can tell he’s a real huckster. He’s very hyper, he’s a hard-sell, and he acts as if he’s giving you the best value for his coins and he’s losing money on the deal.
Posted in Talk Among Yourselves
03.18.15 12:30 AM