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Don’t Pay ‘Outrageous’ Prices

January 28, 2013 by  

Dear Bob,

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:

 

Qty Description Amount
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
TOTAL $4981.00

 

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.

L.J. M.

Dear L.J.M.,

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.

Best wishes,

Bob

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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