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<p>[QUOTE="Owle, post: 1338772, member: 22004"]They are kind of the opposite of Apmex. Where Apmex came into existence with a desire to not just make money, but just as importantly to serve the investor and collector, Littleton pretty much defeats the purpose of people trying to enjoy what they collect or invest in with precious metals and collectibles, like a lot of coin dealers with huge spreads.</p><p><br /></p><p>But they employ a lot of people in their Littleton, NH plant. Look at their ads with David Sundman and his cohorts smiling from ear to ear! Well, they give generously to ANA activities and so forth. But if you sent your collection to them they would probably cherry pick the nice ones at their prices and send the rest back to you, that is the experience of most collectors. "We wouldn't call this 1916-D dime an AU, at best it's a VF35". That is the strategy, buy at low grade prices, sell at the highest possible retail price. Heck, they even buy gold eagles at 30% back of spot, last I checked!</p><p><br /></p><p>And the reasoning is it's a free country, all contracts are good as long as the two parties agree, even when one party gets royally screwed. In my book if a fully knowledgeable party is doing business with an uneducated person, it is up to the former to disclose their extortionate terms.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1338772, member: 22004"]They are kind of the opposite of Apmex. Where Apmex came into existence with a desire to not just make money, but just as importantly to serve the investor and collector, Littleton pretty much defeats the purpose of people trying to enjoy what they collect or invest in with precious metals and collectibles, like a lot of coin dealers with huge spreads. But they employ a lot of people in their Littleton, NH plant. Look at their ads with David Sundman and his cohorts smiling from ear to ear! Well, they give generously to ANA activities and so forth. But if you sent your collection to them they would probably cherry pick the nice ones at their prices and send the rest back to you, that is the experience of most collectors. "We wouldn't call this 1916-D dime an AU, at best it's a VF35". That is the strategy, buy at low grade prices, sell at the highest possible retail price. Heck, they even buy gold eagles at 30% back of spot, last I checked! And the reasoning is it's a free country, all contracts are good as long as the two parties agree, even when one party gets royally screwed. In my book if a fully knowledgeable party is doing business with an uneducated person, it is up to the former to disclose their extortionate terms.[/QUOTE]
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