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<p>[QUOTE="medoraman, post: 8226032, member: 26302"]Responding to the OP, I would not. Sorry, but this hobby is simply REPLETE with cons over the decades where money is sent to someone, profits predicted, the money disappears in the lifestyle of the promoter. Rinse and repeat. Collectively, this hobby has a horrible reputation for such scams. </p><p><br /></p><p>Why? Probably due to such huge valuation differences in tiny grades, the fact it is a cash business for many areas, etc. It simply has a history of shady deals and tons of people getting duped. For me, I buy a coin or PM, I get it in my hands and worry about security myself. Anything else is simply too risky. </p><p><br /></p><p>The last time something like this occurred Merrill Lynch had a fund of collectible coins. It helped fuel the MS65 common coin boom in the late 80s, and lost its rear in the subsequent early 1990s collapse in the market. No fraud, but a horrible investment idea, except for those who got paid to manage it.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 8226032, member: 26302"]Responding to the OP, I would not. Sorry, but this hobby is simply REPLETE with cons over the decades where money is sent to someone, profits predicted, the money disappears in the lifestyle of the promoter. Rinse and repeat. Collectively, this hobby has a horrible reputation for such scams. Why? Probably due to such huge valuation differences in tiny grades, the fact it is a cash business for many areas, etc. It simply has a history of shady deals and tons of people getting duped. For me, I buy a coin or PM, I get it in my hands and worry about security myself. Anything else is simply too risky. The last time something like this occurred Merrill Lynch had a fund of collectible coins. It helped fuel the MS65 common coin boom in the late 80s, and lost its rear in the subsequent early 1990s collapse in the market. No fraud, but a horrible investment idea, except for those who got paid to manage it.[/QUOTE]
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