Goldline Exclusive Coins...

Has anyone purchased the cool exclusive Perth and Canadian Mint coins offered via Goldline. The coins are cool...unrelated to the silly investigations over their advertising. I like how customers complain that a coin dealer only offered them half of what they paid retail at Goldline. What do they expect another dealer to pay??? If you buy a car off the lot then take it to another dealer they will pay you a fraction of retail.

 

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goldline is a ripoff and that's that. coins to cars is a nonsense comparison.

 

Whatever you can get from Goldline, you can get elsewhere cheaper, likely a lot cheaper.

The spread on bullion at good dealers i have seen is as low as 2-3%. The spread on goldline is likely 50% plus.

Terrible decision unless you hate money.

Btw Goldline doesn't seem to post their prices on their website you have to call to get the price, another good sign they charge way too much.

 

I know a colleague who bought 2013 Perth Mint 5 Oz coin for like 900 bucks from one of these sites', he was telling me how on the phone sales rep convinced him to buy it. Since it was very good investment better than Stocks or bonds and that since it was graded PR70 it was worth it and the coin would only raise in value since that grade is so rare

 

What "cool" coins are you talking about that the Perth Mint and the RCM sell exclusively through Goldline? I'm curious as to what those might be.

 

In my case i was referring to 5 Oz Koala.

 

I doubt there are any that are a 100% exclusive, I could be wrong though.......

 

I wouldn't buy anything from Goldline if they were giving it away.
Guy

 

I am talking only about these coins...http://www.goldline.com/exclusive-coins

Not everything else they sell that you can get from other places. And I have never dealt with them. I just like these coins on the page I provided a link for. In terms of exclusives they can charge whatever they want...they are the ones spending to develop the product. I am not commenting on their aggressive tactics as I don't deal with them.

There is no law that says coins have to be sold for a rock bottom bargain price to consumers. Some of the Goldline complaints I read involve someone going to unload their coins at a small dealer and being offered half of that they paid. Why would a small dealer pay any more than they have to? If Goldline sells a $3000 coin...its prob cost them $1750 to purchase it. Thats a normal retail markup. No different than an Apple product..or common personal good. People that want to unload need to learn to sell direct to collectors...you always get more.

 

Those large Koalas are exclusive to New York Mint. Its their program through Perth. So they charge what they want...and what people will pay. Its like the stuff PandaAmerica sells that you can only get from them. They aren't going to spend the resources to develop something and then give it away at cost. Thats not how a business works. In terms of lying to consumers...I havn't seen evidence that any of these places do that. How many over the counter medications state their product works best. Advertising coins is no different.

 

I guess it's OK if you like that kind of thing.
A coin commemorating and event should have at least one face depicting a part of that event, not just the date of the event.
IMO, those coins are not worth anything more than spot, nor will they ever have a value higher than spot.

 

Not very exclusive since you can get them from Talisman Coins also. Didn't check any others.

http://www.talismancoins.com/servlet/Detail?no=1942

 

I seen the 1/4 oz 1812 gold version at silvertowne for awhile, they are sold out now. They were only selling it for $30 over spot.

Looks like goldline is up to its usual bag of tricks :foot-mouth:

 

That's a terrible markup for what most consider an investment, even if you don't consider it an investment you probably want to get a decent deal.

For example at Provident Metals, they will pay you for $1646 for a 1 oz American Gold Eagle. They sell 1 for $1686, that is $40 spread. That is a good dealer.

 

The exclusive part of the RCM coins is the MS finish. The proofs are sold by others. At least of the gold as far as I know. If bullion coins are low mintage they can become valued beyond bullion as well.

 

Yeah but they aren't developing product. Again, I am not commenting on the regular bullion and older coins Goldline sells. I have no clue what they charge for those and have no interest in finding out. If something cost you $1646 to produce...most companies will expect at least a 35% markup for profit...not including overhead, etc. I also don't combine collecting coins out of fun...with investing. They aren't the same thing.

 

Earlier you said you never dealt with Goldline, how do you know they developed these coins?

What's the point of trying to justify Goldline's morally questionable business practices if you've never even dealt with them before?

 

I called and was quoted $900ish for a roll of 30 of the silver ones, and that's with a 10% discount because of some promo they're running this month. They didn't develop them, just acquired the majority. No, I didn't get them because I only wanted a few and thought I could get a better price down the road if my local shop gets any. They're not bad looking, I was interested because I wanted my hoard to include some .999 fractionals.

 

Thanks for the info. Here is another consideration for .999 fractionals, you can get em as cheap as $1.98 over spot per troy oz

http://www.providentmetals.com/1-2-oz-999-silver-round-incuse-indian.html