Don’t Pay ‘Outrageous’ Prices
January 28, 2013 by Bob Livingston
I called National Bullion and Currency Depository on Jan 11th to order some of the $5 gold eagles. Jason White took my order. He informed me that they were sold out but I could get the $10 gold eagle for the same price per oz which was $840 for each of the $10 coins. I then put an order in for 6 of the 1/2 oz coins for a total of $5040 + $20.00 S & H. I received my order today, but they must have gotten something screwed up.
What I received was:
|1||2004 $10 gold eagle proof 70||1225.00|
|1||2006 $25 gold eagle MS 70||2056.00|
|2||$25 gold eagle – bullion||1680.00|
|Shipping and handling||20.00|
I don’t buy numismatic coins but even if I did, their prices are outrageous. I could buy a 2006 1/2 oz Gold American Eagle MS-70 PCGS (First Strike) from APEMX for $999.90. I will call Jason tomorrow to cancel the order. I expect them to arrange to have Fed Ex, UPS or USPS pick this order up from my house and give me full credit of the $4981.00. I would be willing to keep the two, 1/2 oz bullion coins for $840 each and pay the $20.00 S&H. Or what would you suggest? I definitely don’t want the numismatic coins.
I would send them back, keeping the ½ ounce if they agree. Then I would find a local dealer who is reputable and established and make a purchase from them for the other coins you want. You are correct in that you don’t want numismatics.