anyone ever heard of this dealer?
bronco2078
Posts: 10,117 ✭✭✭✭✭
Has anyone bought from wholesalecoinsdirect.com?
The prices don't look too bad. I got there from an ad on the side of my gmail inbox that popped up yesterday.
I thought the minimum shipping charge ($20) looked a bit high but today when I went back I got a free shipping for orders over $500 offer . the code is " BestCoins "
OPM 1 oz. rounds for 1$ over spot seem like the best deal in silver but if you dig around a bit in the nooks and crannies the price on the Pamp 5 gram year of the dragon bars is pretty good.
Prices are about even with APMEX on most things but they also take paypal so that might be useful for some , I don't know of any other bullion dealer that takes paypal anymore.
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I'm leary of using bullion dealers that are unknown to me in a market that is experiencing declining spot prices. Buyer risk is increased in such a market. When metal prices are dropping many bullion products are sold at a loss. This can put dealers into financial difficulty and force them to sell product they do not have or even put them out of business. I try to stick with my proven guys in such times.
<< <i>I know moderncoinmart takes paypal. Haven't delt with them personally but they have decent prices and positive reviews. Thinking about a purchase with them. >>
MCM is one of my "proven guys." The fact that they sell much more than just bullion also reduces their risk (and the bullion buyer's risk) dealing in bullion.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
In the past 2-3 years, no less than 20 highly visible bullion (and modern coin) companies have grown wings. Why? Because they think they spotted an opportunity and I'll go as far as to say that some may have even naively thought it would be easy money.
Fact is, almost no other business could be as difficult to navigate as their are moving targets, a ridiculous amount of competition, and an ever changing landscape in which to do business. If you judge these newcomers (nearly all of whom claim to be industry insiders for many years but yet are unknown to virtually everyone) on website appearance alone, you'd be ready to hit the buy it now button in a nano second.
First stop, study the "about us" page. They all look great BUT is their real content in there or is it a magical story or manufactured fluff? Again I quote Jerry Seinfeld, "Who ARE these people???"
In some cases, you can't even figure out what state they operate out of....
Second, are the principals named, and are they PNG members? You can buy a hundred memberships in a day and look like a real player but you can't buy a PNG membership. Strict requirements, code of ethics, binding arbitration, net worth requirements, etc.
Third, understand the model. Some are just honest small time companies, others trying hard to be something they are not, others primary objective to farm contacts for future solicitations, and a few are WYSIWYG.
When I have my consumer hat on I prefer to stick with known and proven. EVEN if I pay just a tad more.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
I knew it would happen.
<< <i>OK.... so...... this is not directed at the company mentioned in this thread but rather my personal more general observation:
In the past 2-3 years, no less than 20 highly visible bullion (and modern coin) companies have grown wings. Why? Because they think they spotted an opportunity and I'll go as far as to say that some may have even naively thought it would be easy money.
Fact is, almost no other business could be as difficult to navigate as their are moving targets, a ridiculous amount of competition, and an ever changing landscape in which to do business. If you judge these newcomers (nearly all of whom claim to be industry insiders for many years but yet are unknown to virtually everyone) on website appearance alone, you'd be ready to hit the buy it now button in a nano second.
First stop, study the "about us" page. They all look great BUT is their real content in there or is it a magical story or manufactured fluff? Again I quote Jerry Seinfeld, "Who ARE these people???"
In some cases, you can't even figure out what state they operate out of....
Second, are the principals named, and are they PNG members? You can buy a hundred memberships in a day and look like a real player but you can't buy a PNG membership. Strict requirements, code of ethics, binding arbitration, net worth requirements, etc.
Third, understand the model. Some are just honest small time companies, others trying hard to be something they are not, others primary objective to farm contacts for future solicitations, and a few are WYSIWYG.
When I have my consumer hat on I prefer to stick with known and proven. EVEN if I pay just a tad more.
John >>
I just flipped over to their Saint Gaudens page and found stupidly high prices that no one on earth should be paying. MS65 Saint was dropped from $2750 "retail" to $2310 "wholesale." You could probably buy all you want
from Heritage or Rarcoa for 15-20% less than that. I don't ever recall MS65 saints being worth $2750 even when gold was $1900/oz. These guys are full of you know what. Their prices for slabbed classic gold across the board
are well beyond any retailer than I know. Hopefully, their pure bullion stuff is more reasonably priced. And if it is, what is their current financial status in this very tuff bullion market where demand is down? There are some
long time US bullion dealers who are taking 4-6 weeks or more to send out coins or checks. Here today....gone tomorrow.
Link to Saint offerings
<< <i>OK.... so...... this is not directed at the company mentioned in this thread but rather my personal more general observation:
In the past 2-3 years, no less than 20 highly visible bullion (and modern coin) companies have grown wings. Why? Because they think they spotted an opportunity and I'll go as far as to say that some may have even naively thought it would be easy money.
Fact is, almost no other business could be as difficult to navigate as their are moving targets, a ridiculous amount of competition, and an ever changing landscape in which to do business. If you judge these newcomers (nearly all of whom claim to be industry insiders for many years but yet are unknown to virtually everyone) on website appearance alone, you'd be ready to hit the buy it now button in a nano second.
First stop, study the "about us" page. They all look great BUT is their real content in there or is it a magical story or manufactured fluff? Again I quote Jerry Seinfeld, "Who ARE these people???"
In some cases, you can't even figure out what state they operate out of....
Second, are the principals named, and are they PNG members? You can buy a hundred memberships in a day and look like a real player but you can't buy a PNG membership. Strict requirements, code of ethics, binding arbitration, net worth requirements, etc.
Third, understand the model. Some are just honest small time companies, others trying hard to be something they are not, others primary objective to farm contacts for future solicitations, and a few are WYSIWYG.
When I have my consumer hat on I prefer to stick with known and proven. EVEN if I pay just a tad more.
John >>
The voice of experience!