Brooke Shields Goes From 'Pretty Baby' To Gorgeous Woman
A Warning For Sellers Of Gold Coins
Our colleagues over at WalletPop recently mentioned some things you might need to know when looking to sell your gold. With the price of gold continuing to skirt $1,200 an ounce, there are reasons to be concerned about getting a top price, especially when it comes to gold coins. Gold coins may be worth far more than the mere weight on the scale. The Professional Numismatists Guild (PNG), a nonprofit organization composed of many of the country's top rare coin and bullion coin dealers, warns that some traveling gold buyers are offering pennies on the dollar for valuable gold and silver coins. In one instance, an out-of-town buyer offered only $60 for the rare 1925-dated Denver Mint $2.50 gold coin shown at right which was valued at $10,000 by PNG experts. "Recent news media investigations conducted with the assistance of Professional Numismatist Guild member-dealers from Texas revealed that some traveling gold buyers who set up for a few days in a hotel, then move on to another town, sometimes offered as little as three percent of the actual value of coins they were offered. You may see bigger promises than payouts," said Robert Brueggeman, PNG Executive Director. "The scales used by some itinerant buyers to weigh gold jewelry may not even be lawfully registered with government agencies. That could result in inaccurate weight measurements to your detriment when you're selling gold jewelry for its melt value," said Brueggeman.
Brueggeman encourages those interested in selling gold or silver to prepare in advance and get multiple offers. He suggests consulting with local merchants who have a good reputation in the community. Some traveling buyers have lawsuits filed against them or are targeting areas of the country undergoing economic distress. PNG Executive Director Brueggeman emphasizes: "If you don't know coins, you'd better know your coin buyer." The PNG has a strict Code of Ethics for its members in the buying and selling of numismatic items. For additional information and the locations of PNG member-dealers, call (760) 728-1300 or visit online at www.PNGdealers.com.
PHOTOS: Most And Least Christian States In America
Rookie Cop Reportedly Berated, Called 'A Rat' For Arresting Off-Duty Officer
Naked Face Eater's Victim ID'd
Rodents Run Amok at Upstate New York Walmart
Apple CEO Tim Cook interview at D10: the liveblog
'I Am Now Who I Was Supposed To Be'
How I Went Bankrupt at 23
Beyonce 60-Pound Weight Loss: Queen B Flaunts New Figure During Comeback Concert Series
Boy Buys Old Polaroid Camera, Finds Picture Of Uncle
Can a New Guy Save Best Buy?
What's a Realistic Retirement Age?
SLIDESHOW: Tattoos That Go Way Beyond Your Average Tramp Stamp
I'm A Successful Entrepreneur But Might Get Deported
Carrie Underwood's Grunge Rock Past: 'I Was All About Pearl Jam'
Wynonna Judd's 33 Wildest Stage Costumes
Farmers Hit the Jackpot in Kansas Oil Boom
Does Tebow Have A Secret Girlfriend?
Waiter Down On His Luck Scores 19,000 Percent Tip
VIDEO, PHOTOS: Man Who Chewed Off Victim's Face ID'd
America's 10 Best National Parks
'Polish Death Camp' Remark Lands Obama In Hot Water
'Private Practice' Cast Shake Up
Do Women Have A "Sexual Prime'"?
10 Inventors Killed By Their Own Inventions
Parents Arrested On Suspicion Of Murder After Children's Tragic Deaths
Ancient Roman Shipwrecks Discovered
WATCH: Fox News Makes A Straight-Up GOP Commercial
Kathie Lee's Awkward Gaffe About Martin Short's Dead Wife
PHOTOS: Nicole Scherzinger Almost Reveals Too Much
Katie Couric Reveals Dream Guests
Pat Gallagher: Late Bloomers: Hollywood Stars Who Made It Big After Age 50
Travel + Leisure: PHOTOS: America's Worst-Dressed People