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Is buying from Swiss America a total loss?
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<p>[QUOTE="Duane Waller, post: 1791547, member: 57243"]Hello,</p><p>I'm a complete and total new-be.</p><p>I need to know where I can get information on the risks involved in buying from a dealer like Swiss America. Specifically, the coins of interest are American Eagle Silver proof coins and American Eagle gold proof coins.</p><p> </p><p>Let me paint the picture that I think I am seeing.</p><p>Please correct me where I have it wrong.</p><p> </p><p>First they don't want you to know what the *REAL* market value is for the coin.</p><p>They tell you "this is the value of the coin". </p><p>But they are really lying.</p><p>The value they have is in reality *THEIR SELLING PRICE* for the coin, and does not really represent the coins *REAL* value. </p><p> </p><p>They avoid providing any detailed information about the coin, such as who minted it, the date of minting etc. They withhold this type of information to keep you from finding alternative sources where you can purchase the same coin.</p><p> </p><p>Then after they convince you to buy a coin at their inflated value, they refuse to tell you that their transaction fee is going to be upwards of 30%. </p><p> </p><p>Then they want you to sell the coin back to them some day in the future.</p><p>And the whole scam gets repeated, but in reverse order.</p><p>They offer to pay you far under the coins *REAL* worth.</p><p>And again charge you a massive transaction fee.</p><p> </p><p>Did I get it right?</p><p>Please help!!</p><p>Thanks[/QUOTE]</p><p><br /></p>
[QUOTE="Duane Waller, post: 1791547, member: 57243"]Hello, I'm a complete and total new-be. I need to know where I can get information on the risks involved in buying from a dealer like Swiss America. Specifically, the coins of interest are American Eagle Silver proof coins and American Eagle gold proof coins. Let me paint the picture that I think I am seeing. Please correct me where I have it wrong. First they don't want you to know what the *REAL* market value is for the coin. They tell you "this is the value of the coin". But they are really lying. The value they have is in reality *THEIR SELLING PRICE* for the coin, and does not really represent the coins *REAL* value. They avoid providing any detailed information about the coin, such as who minted it, the date of minting etc. They withhold this type of information to keep you from finding alternative sources where you can purchase the same coin. Then after they convince you to buy a coin at their inflated value, they refuse to tell you that their transaction fee is going to be upwards of 30%. Then they want you to sell the coin back to them some day in the future. And the whole scam gets repeated, but in reverse order. They offer to pay you far under the coins *REAL* worth. And again charge you a massive transaction fee. Did I get it right? Please help!! Thanks[/QUOTE]
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