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Gold Buyers Exposé Reports Win National Awards

Tuesday, 17 August 2010 11:53 | Print | Email

: Created: Tuesday, 17 August 2010 11:53

(Boston, Massachusetts) -- An on-going series of investigative stories urging consumers to be cautious when selling gold coins and jewelry to some traveling gold buyers now have won five national journalism awards.
During the "seller beware" investigation conducted in five Southeastern states, one of the so-called "hotel gold buyers" offered only $60 for a rare U.S. gold coin valued by experts at $10,000. The stories also reported that scales used by some itinerant buyers to weigh gold jewelry may not be lawfully registered with government agencies, and in many cases the buyers refused to give receipts for their purchases.

Is the cash for gold system really trustworthy

Wednesday, 04 August 2010 14:01 | Print | Email

: Created: Wednesday, 04 August 2010 14:01

Scams Investing in Rare Coins

Wednesday, 04 August 2010 13:57 | Print | Email

: Created: Wednesday, 04 August 2010 13:57

Source: FTC

How To Protect Yourself from Rare Coin Scams
If you intend to buy rare or bullion coins for investment, your best protection is to spend time learning about the coins you are being asked to buy. In the past, most investment gains have gone to collectors, often known as numismatists, who have taken the time to carefully study various aspects of coins, including rarity, grading, market availability, and price trends.

Investment success over the years is the result of prudently acquiring coins of selected quality, proven rarity, and established numismatic desirability. Many careful buyers study coins for some time before buying even a single coin. Success also can be enhanced by researching dealers, as well as coins.

Beware of Internet Silver scam

Wednesday, 04 August 2010 13:53 | Print | Email

: Created: Wednesday, 04 August 2010 13:53

Published on: July 24, 2010 at 16:00
By Dr Jeffrey Lewis

With silver attracting headlines, cult-like following, and higher prices, silver investors should be on high alert for a scam being perpetrated on the internet. Newly minted fake coins are finding their way from Chinese counterfeiters to Ebay and then to investors who unknowingly purchase $20 rounds that are in reality only a few dollars worth of metals. As prices tread higher, these scams will only continue to grow in their influence. Here's a simple guide to evaluate silver, and whether or not it is indeed real: