Anyone have any experience with California Numismatic Investments?

PutTogether · January 6, 2004 9:06AM

Are they honest and reputable? or just out to make a buck? Is their advice to be heeded or avoided? All stories welcomed.

wingedliberty · January 6, 2004 9:08AM

Rule#1 and the golden rule in numismatics.

1. If it has the word -Investments- in it and is coin related, run for your life!

PutTogether · January 6, 2004 9:27AM

I thought the same thing too at first. But it seems more like an actualy coin shop than an "investment" house. i think, and could be wrong, when talking about investments they are speaking more of the fact that they sell all types of bullion as well. Their inventory didnt look like super high priced supergraded "investment" coin only, but im not sure.......so i thought i'd ask : )

PutTogether · January 6, 2004 9:28AM

and while im at it........how the hell do i change that picture next to my name?

cosmos66 · January 6, 2004 9:30AM

<< <i>and while im at it........how the hell do i change that picture next to my name? >>

Go to the top of the page and click on "profile" then look for this "Select the author icon you wish to use:" at the bottom of the page.

wingedliberty · January 6, 2004 9:30AM

1. Anyone who touts coins as an investment is wrong. Coins should only be purchased with discretionary income , as a hobby, period.

2. Go into your personal profile, in the northeast corner of the screen, and change your icon on the bottom.

homerunhall · January 6, 2004 9:31AM

If this is Richard Schwary's company, and I'm pretty sure it is, I can tell you that he is one of the truly fine gentlemen in the rare coin market, In my opinion he is one of the fairest of all coin dealers and he treats his customers extremely well. If everyone was as straight up as Richard there would be no need for PCGS.

David Hall

PutTogether · January 6, 2004 9:35AM

Wow, thanks Mr. Hall. And to everyone else, im not big on the coins as investment things either.......though it does seem to be true to a lot of people, i buy them (and spend ungodly amounts of money) because i like them. I have to date never ever sold a coin. "investments" just happened to be in the name of the store.

Ogden · January 6, 2004 9:38AM

Pretty good reference for California Numismatic, huh?

Ogden

PutTogether · January 6, 2004 9:39AM

Certainly seems that way.

abuell · January 6, 2004 10:10AM

<< <i>If this is Richard Schwary's company, and I'm pretty sure it is, I can tell you that he is one of the truly fine gentlemen in the rare coin market, In my opinion he is one of the fairest of all coin dealers and he treats his customers extremely well. If everyone was as straight up as Richard there would be no need for PCGS.

David Hall >>

If what you say is true Mr. Schwary might want to ponder possibly changing his business name. A very large number of collectors wouldn't even bother to look twice at a name like California Numismatic Investments before running away.

dlimb2 · January 6, 2004 10:25AM

I have delt with them and they are honest and professional...I sold some gold and they payed what they said they would....we locked the price in over the phone.

Fountainhead · January 6, 2004 12:44PM

These people treated me very well when I was a newbie, when they could have taken me for a ride. Ignore the "Investments" part of the name -- they are a coin shop that provides very good value, for everything I've bought from them is worth more now than what I paid for it.

Their downside? They don't usually take credit cards. Their inventory seems highly variable -- sometimes they have a thousand Morgans available, sometimes they have next to none. When the market is hot they get very busy and a bit disorganized...be sure to examine the coins you purchase yourself then, if you care about the "eye appeal" of your purchase, not just the number grade. When things are slow they can be more discerning for you.

Eventually, they became so busy that they said they couldn't afford to deal by phone with picky sub-$1000/purchase customers like me anymore -- I was returning about one-third (dollar value) of the stuff they sent me. I now regret this, for I know now I was overboard, and wish they would deal with me once again.

PutTogether · January 6, 2004 3:17PM

Thanks for all the replies........im going there tommorow then. Gotta find me some CC Morgans. and maybe some walkers

Fountainhead · January 8, 2004 9:42AM

PutTogether, how did you do at CNI yesterday?

Anyone have any experience with California Numismatic Investments?

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