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Mike Fuljenz tips on Bullion Coins
- Created: Tuesday, 22 September 2009 22:17
2009 National Award winning coin and bullion expert Mike Fuljenz of Beaumont, Texas points out “gold bullion is finding more and more investment demand from new buyers around the world, including “paper gold” investors in exchange-traded funds (ETFs), and even by leading hedge fund managers, who wish to diversify into the only asset class that is not determined by federal fiat or the machinations of some Wall Street financial firm.” |
Mike Fuljenz on the coin that's a real 'SAINT'
- Created: Tuesday, 22 September 2009 22:16
Rare coin expert Mike Fuljenz describes this coin as “a national treasure.” Besides being aesthetically unrivaled, he points out, it also contains nearly one full ounce of gold, so it represents a substantial store of value just as bullion. Most of these coins were universally considered bullion coins at their time of issue. And the series includes a number of high gold bullion content coins with low mintage figures – several of which have changed hands for prices in the millions. One of those coins, dated 1933, sold in 2002 for more than $7.5 million, the highest price ever paid for a single coin. What is this special coin type? |
Mike Fuljenz on colorized coins
- Created: Tuesday, 22 September 2009 22:16
Mike Fuljenz on buying coins and bullion
- Created: Tuesday, 22 September 2009 22:15
Mike Fuljenz is one of the most universally decorated coin experts of the last 30 years. He has won the Presidential Service Award from the American Numismatic Association. Coin marketing is a tough business in the best of times, but with so many coin frauds and scams operating out of fly-by-night buildings, manned by aggressive telemarketers, his well-established coin and bullion company must overcome the natural resistance of consumers accustomed to cold calls from unfriendly and anonymous coin salesmen. That’s why time-tested stability is the first thing buyers should look for in their coin dealer. Verify that a coin business is a member in good standing with the Better Business Bureau. In order to test the validity of a coin dealer, the first thing you must do, Mike Fuljenz says, is buy low-margin gold bullion coins, to see if coin dealers mark up their bullion too far. In normal market times, the mark up should be about 6% over spot bullion for one ounce pieces. If you see a coin dealer charging 10% of more over spot gold prices for a commonly traded one ounce bullion coin, that’s a red flag. The dealers should also honor a “Do Not Call” request. Most phone salesmen try to change the subject or attack the elderly person’s resolve by intimidation, but any telemarketer should always honor any such “do not call” request. Finally, always ask if dealers buy back the products they sell. Reputable coin dealers typically pay more for coins they previously sold. |