GEMCo

Discussion in 'US Coins Forum' started by texmech, Nov 29, 2009.

  1. texmech

    texmech Wanna be coin collector

    Anyone ever heard of this company? They had two page spread in this mornings paper about coming to the Dallas area and buying coins, currency or Jewelery. They had all kinds of various coins that they were looking for. Said they would pay top dollar and all that.

    What do they do with the coins they buy, sell to dealers?
     
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  3. coop

    coop Senior Member

    Sounds like a bilk the poor, make money selling it to the rich scheme. It happens everywhere.
     
  4. texmech

    texmech Wanna be coin collector

    yes, they mentioned buying estate coins and such. Also talked about how they cater to each individuals needs and make the experiance pleasant.
     
  5. PennyGuy

    PennyGuy US and CDN Copper

    Sounds like this is one of those motel room operatons. They will offer to buy at low prices, but me the nicest people you ever met. You have better options to sell collector coins or silver, etc.
     
  6. coop

    coop Senior Member

    For Them! LOL
     
  7. texmech

    texmech Wanna be coin collector

    yes, they are working out of hotels and one of them is a Holiday Inn Express. I was just surprised at a full two page add in our Dallas Morning News. That cost some serious bucks. Said they would pay $3.00 for any Kennedy half between 65 & 70, plus buy any rare coins that someone might bring.

    Sounds like they are going after distressed sellers. Gotta love em :)
     
  8. coop

    coop Senior Member

    Give a little, take a lot.
     
  9. hrhomer

    hrhomer Member

    That's about 10% above melt right now. Not bad, IMO...

    Joe
     
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