Monday, January 24, 2011

Coin Crazy

Some ding dong on eBay spent over $3000 for a modern silver Yosemite silver coin graded MS69 by PCGS (shame on them for grading this stuff). News of this transaction has spread rapidly. The online coin news service Coinzine was essentially the first to bring this to my attention. Today I spoke with some good friends who are luminaries in the coin industry and they too were aware that this transaction had taken place.
All I can say is do not not squander your money on this sort of stuff. Email me for guidance on real rarities. Always pay as close to bullion price as you can for something you deem as collectible.

2 comments:

Anonymous said...

thanks Jim, i have used Tulving in the past - do you have coin dealers that you might recommend...
best wishes...

Micah Dixon said...

People are hearing about precious metals and are jumping into it without doing any homework at all. Just sad.