Chris Olson

It's still just a commodity.

It's not a collector's piece.

And that's typically not what people... The people are not looking to invest in collectibles in their IRA accounts when they're looking for gold.

And so you've got bait and switch tactics.

It typically is going to be very close to the spot price.

There's no market for it.

It's a modern coin.

It's not valued by collectors.

It was minted specifically for the purpose of being kind of scarce.

But at the end of the day, people don't care about that.

There's no reason to value it higher than other gold or silver coins of the same purity and weight.

It's all just speculation that it should be worth more.

But when it comes down to it,

and they try to liquidate these special issue coins or whatever type of coin they were overpriced and sold, they come to the market and find out the market values their assets at the price of gold or silver.

And it's not just us, they could go to any dealer in the country and get the same story.

Now, they might go to the original dealer that ripped them off, and that dealer will often try to save face and prevent a bad review online.

And what they'll do is maybe offer the customer more than anyone else in the market will pay.

And they'll try to pay them off to just be satisfied or go away.

So it's a little game that they play.

But if they pay 30% more than the value of the gold or silver for that coin, the dealer that bought it back is not going to be able to get that price from the normal market.