Perhaps I'm A Fool

Discussion in 'Bullion Investing' started by Kentucky, Sep 6, 2017.

  1. Kentucky

    Kentucky Supporter! Supporter

    I just responded to an advertisement from Nationwide Coin & Bullion Reserve...I know, it's pretty much a scam, but reading reviews I decided to try it. The offer was for 1/10 oz gold eagles for $110, minimum order 5 max first time 10. The deal is they start to spin larger coins because "they will appreciate more" especially since they are PCGS 70. If you resist these offers, they will ship you the 1/10 oz coins. I gave it a try and will let you know how they came out. If anyone else is tempted, the key code is IM-1459 for the $110 offer (5 minimum). I just kept insisting "All I want are the 1/10 oz coins".
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  3. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    It's like those $20 off if you open a credit card offer at Sears or Pennies.
    If it's worth your time then enjoy it.
    I've done it but won't again.
    Kentucky likes this.
  4. sakata

    sakata Devil's Advocate

    As long as you change your e-mail address and, maybe, your residential address there probably isn't a lot of downside.
  5. Santinidollar

    Santinidollar Supporter! Supporter

    Bait and switch. I hope you live long enough to fall off their list.
  6. rte

    rte Well-Known Member

    Your name isnt perhaps, it's Kentucky :D

    Time is money, enjoy your 1/2 ounce of gold bits.
    Kentucky likes this.
  7. Bman33

    Bman33 Well-Known Member

    Let us know how it goes! GovMint has been relentless with me ever since I got in on that ASE offer.
    Brett_in_Sacto and Kentucky like this.
  8. FBLfinder

    FBLfinder Active Member

    buy one silver kruggerand from Govmint and you get them calling once a week like we are friends now
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    personally, not a big fan of buying graded bullion coins or sending them in to
    Have them graded, you will always pay a stiff premium, when really a nice
    B/U coin is more then adequate, and trying to get that premium back will for
    Sure be problematic if not impossible, but if you like it buy it as long as your
    Happy that,s all the matters :)
    LA_Geezer and Kentucky like this.
  10. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    I totally agree with you. But in this case it's $130 worth of gold for $110 so there is a negative premium and grading fee.

    This is about how much of a discount do you get to put your name and phone number on a "harass me list"
    Stevearino, FBLfinder and Kentucky like this.
  11. Jason.A

    Jason.A Active Member

    You're a fool only if you didn't understand you've granted them access to you for the equivalent of the $30-35 savings per 1/10 oz coin. So, you saved, what, $150-$175 on your order of 5? (Or did you order the max of ten).

    Is that the value you placed on the time you'll spend declining their future offers?
    Kentucky likes this.
  12. Jason.A

    Jason.A Active Member

    Read his post. The minimum order is 5. Plus, 1/10 gold Eagles currently sell for $140-$145 each, not $130.

    He's actually saved $30-$35 per coin, not $20; and not JUST $20 because he had to buy at least 5.
    Kentucky likes this.
  13. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Phone numbers are disposable today, credit or debit cards can be as well, and addresses are not that far behind. Email addresses have long been so, and with a little planning, I can only imagine that most of the downsides can be avoided.

    Good luck, Kentucky... I'll keep my fingers crossed for a positive experience. ;)
    Stevearino and Kentucky like this.
  14. green18

    green18 Sweet on Commemorative Coins Supporter

    Shoot.......if these guys start to 'hound' you, just don't pick up the phone.
    Stevearino and Kentucky like this.
  15. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    I bought once from a similar deal. I ended up with ten 1/10 oz gold Eagles for a good price at the time. Yes, they call and email, but you can block the number, and unsubscribe to the email notifications. It's really not this giant intrusion into your life. At least for me it wasnt.
  16. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

  17. Kentucky

    Kentucky Supporter! Supporter

    Yeah, I have this fancy schmancy thing called "Caller Identification"...if anyone doesn't have it, it's worth looking into. :)
    Au H2O, green18 and Garlicus like this.
  18. Kentucky

    Kentucky Supporter! Supporter

    Those are really nice.
  19. Kentucky

    Kentucky Supporter! Supporter

    In my simple-minded way, I looked on fee-bay and the cheapest there as a BIN was $155, so $1,550 for $1,100, that's $450, which buys a couple of 6-paks.
    slackaction1, Au H2O and midas1 like this.
  20. sakata

    sakata Devil's Advocate

    Nathan401 likes this.
  21. Kentucky

    Kentucky Supporter! Supporter

    Solid vs. liquid?
    Seattlite86, slackaction1 and imrich like this.
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