Anyone need to borrow their next major coin purchaes???

Comments

• Options

  Goldbully Posts: 18,566 ✭✭✭✭✭

  January 22, 2007 12:27PM

  I got dislexia on this new thread title....it should say 'purchase'...........

  0
• Options

  DeusExMachina Posts: 1,325 ✭

  January 22, 2007 12:43PM

  I think I will pass.
  
  I would like to see their underwriting processes and standards for lending money with a coin as collateral.

  0
• Options

  bidask Posts: 14,057 ✭✭✭✭✭

  January 22, 2007 12:47PM

  I have never considered borrowing to make a purchase but I am curious about their terms (ie they say they loan 35 to 80 of market value). What does that mean. If it is slabbed coins are they using PCGS guide, auctions, greysheet?
  
  What determines whether it is 35 or 80%?

  I manage money. I earn money. I save money .
  I give away money. I collect money.
  I don’t love money . I do love the Lord God.
  
  
  
  
  

  0
• Options

  Julio Posts: 2,501 ✭

  January 22, 2007 12:51PM

  I have never considered borrowing to make a purchase but I am curious about their terms (ie they say they loan 35 to 80 of market value). What does that mean. If it is slabbed coins are they using PCGS guide, auctions, greysheet?
  
  What determines whether it is 35 or 80%? Bidask.
  
  Good questions??? jws
  

  

  0
• Options

  coindeuce Posts: 13,527 ✭✭✭✭✭

  January 22, 2007 12:54PM

  I am currently using a CFC loan on a coin as collateral. The terms are very simple, and Mike Lewis is very easy to work with. Best to call him directly if you have any questions or concerns.

  "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
  http://www.american-legacy-coins.com

  0