Anyone dealt with First Fidelity Reserve? Suggest buy 2 1/2 Gold Indians
ChodeLee
Posts: 62
I have received several mailings for coins from this company. They are selling Gold and Silver Eagles in BU and graded. I have had a couple of discussions with one of their reps on the phone. He recemntly called me asking if I was interested in buyibg some 2 1/2 dollar Indian Gold Coins in MS 63 state.
Their prices are higher than can be found on e-bay and they state that they often buy back coins from their clients when the demand is there. They are currently offering these oppertunities as an investment.
Any thoughts on this company? Any advice for a new collector?
Their prices are higher than can be found on e-bay and they state that they often buy back coins from their clients when the demand is there. They are currently offering these oppertunities as an investment.
Any thoughts on this company? Any advice for a new collector?
0
Comments
Just say no!
From the way you described it, it is all but guaranteed to be a bad deal for you. There are plenty of well known, fair companies and individuals to buy from, where you don't have to pay OVER market. I am always leery when someone is offering to sell coins as an investment.
"they often buy back coins from their clients when the demand is there" I have heard that line used many times and it means nothing if the dealer chooses not to follow through on it.