"Avoid PCGS Gold Coins"....
Hallco
Posts: 3,645 ✭✭✭✭✭
Why would Collector's Universe allow something like this to be displayed as a link in the banner ads??? 
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Link was for www-dot-certifiedgoldexchange-dot-com
<< <i>NGC is the official coin grading service for the American Numismatic Corporation >>
, the failure to show prices, and the requirement to give them all your contact information would lead me to stay well away. This the type of thing you would expect to see from a boiler room pump and dump operation.
If anyone gets their prices how do they compare to the rest of the market?
World Collection
British Collection
German States Collection
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Certifying modern day gold bullion coins adds to their cost but not much to their value. Modern day PCGS certified gold coins are simply gold bullion coins. Their value comes from the gold in them. These coins are new, in excellent condition, and in sealed containers. There is typically no question as to the authenticity or grade of an American Eagle, American Buffalo, or Canadian Maple Leaf.
There is nothing wrong with buying modern day PCGS certified gold coins. They certainly are not damaged in the certification process. There is just no point to paying the extra cost of certification. PCGS offers free quarterly grading specials to members but this is typically limited to one coin of $1,000 or so value. To have coins graded by PCGS an investor needs to be a member which also costs money. If an investor wants to buy gold bullion coins for security or profit, there is no need to buy modern-day certified pieces.
The point of certification is to assure the buyer of a coin’s authenticity and its state of preservation, its grade. If an investor in rare gold coins wishes to buy a Saint Gaudens Double Eagle from the early 20th century, a Liberty Head gold dollar from the mid 19th century, or a Draped Bust Gold Eagle from the last days of the 18th century then PCGS certification is of the utmost importance. The value of these historic coins is based largely, and sometimes almost entirely, on their rarity and their grade. The difference between grade 63 and grade 66 for a 1795 “thirteen leaves” Draped Bust $10 (1/2 ounce of gold, which is only worth about $600 as of January 22, 2010) gold piece is worth over a million dollars!
If a coin is a rarity or an investment-grade collectible, surely you want PCGS certification. However, the same cannot be said for the modern-day bullion coins.
Linky
<< <i>Dummies! >>
I wouldn't be too hard on them. CU may not be aware this is on their web site and they should be given the benefit of the doubt.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Why Should I Avoid Modern-Day NGC Certified Coins?
One of the most frequently asked questions among today’s precious metals investors is, “Why should I avoid investing in Modern-Day NGC Certified Coins?” Precious metals’ investing requires a strong level of scrutiny, and prospective buyers must be leery of every long-term and short-term option they consider. Deceptive gold coin marketers ruthlessly lurk at every turn, and one of their most lucrative ploys is to exploit reputability such as NGC certification, to prey upon the naivety of inexperienced or uninformed precious metals’ investors.
This type of age-old marketing push is “All sizzle, and no steak”. It takes a pristine, mint-condition coin, and cloaks the coin’s true status as bullion, under a reputable “Branding”, like NGC certification. Subsequently, great numbers of unsuspecting buyers end up getting “the dagger”, by unnecessarily paying marked up numismatic certification premiums, while simultaneously helping to finance their shifty coin dealer’s flashy ad budget.
The question, “Why should I avoid investing in modern-day NGC coins?” is a poignant one, and the preceding caveat will hopefully enlighten a great many would be, “duped” buyers. These forewarned investors are encouraged to heed this warning as a beneficial “ounce of prevention”, but are just as welcome to treat it with a “grain of salt”. Precious metals investing is most certainly not for the faint of conducting research, and prospective buyers should always draw their own, thoroughly-informed conclusions.
Investors who have completed their research can avoid paying extortive retail prices for their bullion, and certified rare gold coins by contacting one of our friendly specialists, who offer institutional discounts on these items to resourceful household investors like you.
I've gotten all of them for the same price as a non certified so I figured, why not? I can have a box of 20 if you will plus its easier to look at. Also, I have a couple PR70DCAM's I got for around spot so in that sense, I'm already ahead by having them graded.