Numis Network is a coin company that is trying to market there silver and gold numismatic bullion coins through multi-level marketing. There are people who invest thousands of dollars into the exact same type of silver and gold coins. In fact, coins are well over a billion dollar industry. So lets dive a little deeper and see what all the fuss is about.
Without a doubt people should be taking there hard earned dollars and making some investments into such coins. If you follow the news at all I'm sure you have heard US currency is tanking and some countries aren't accepting our money. It's nothing more than paper loaded with debt. US currency is no where close to the worth it once was. Some economists are predicting that eventually our money could fail and become worthless years down the road if not sooner.
Precious metals on the other hand have increased in value and could potentially continue to do so. So these bullion coins seem to be a pretty solid investment, or at least seems to be. What I don't believe in is PAYING TO MUCH for your investment and that definitely seems to be an issue with the Numis Network and what they are charging their distributors. It is important you understand when you buy these coins from a 'reputable' dealer you pay spot price (current price of the precious metal) plus a very small commission.
Would you believe that the Numis Network is charging FIVE TIMES the going rate for their ANACS MS70 Silver Eagle. It's true. Is it really worth paying that much more than a "non-graded" 2009 Silver Eagle? We think NOT.
***The Numis ANACS MS70 coin is $125
***Non-Graded 2009 Silver Eagle is only $20.
What we are trying to figure out is WHY is it that each coin has the SAME AMOUNT (same worth) in precious metal content but Numis is charging 5x the amount. It just doesn't make sense.
Maybe your already a Numis distributor this is the first time someone is telling you this. If you don't believe me I want you to bring your 2009 ANACS MS70 Silver Eagle to a local coin dealer not a pawn shop. Ask them what this coin is worth. Would you believe the "grading" of these modern coins is WORTHLESS. The fact is that the only benefit you have with Numis Network is that the coins are real. Oh ya, and they come in a protective plastic slab. For an extra $1 I can buy coin cases at Walmart and save $99. I think I'd rather go that route.
Your probably asking yourself why do these companies grade coins. Yep, you guessed it, they get PAID for EVERY COIN graded and they've SOLD OUT for profits. So how hard is it to grade coins?
The so called grading system was implements for companies like Morgans or gold St. Gaudens. There had to be a set standard for evaluating the worth of OLD coins. Tell you what, find a mlm that has OLD coins for this price and I'M in. Unfortunately you won't find any.
So lets dive just a bit deeper. Why is Numis Network saying they have rare collectable coins? Is there anything special about these coins? We think NOT.
Remember, collectable coins are based on precious metal content. That is it. So how does Numis compare in comparison? Well luck for you we have already done the research. This is what we found.
- Fact: One troy ounce of silver precious metal is $18 not a penny more
- Fact number two . Silver eagle minted coins are NOT rare. Hundreds of millions of these coins were mass produced in last decade.
If you went to ANYONE that knows about coins they would NEVER pay 5x the spot price for coins that are not rare. It is only about precious metal content. That's all.
- Silver Eagle is pristine... They just got STAMPED at the mint. Would you expect anything less?
Hopefully you understand what I have gone over with you. The REAL value of an ANACS 2009 MS70 Silver Eagle is $18. What this means is that a Numis Network distributor or customer is paying $125 for a coin that is worth no more than $18 at a reputable coin dealer.
These coins are not rare and the value will not go up significantly over time. So the only real way to recoup your money is to wait for silver prices to rise above $125; or try and sell it to someone on ebay who knows nothing about coins.
Josh Paiva is an mlm expert and can help your questions regarding
Numis Network Coins or starting your very own online business. For answers on Numis Network click here
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