Gold Coins Value

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Beware of Turning Valuables Into Fool’s Gold, Writer Warns

The Coin Collector’s Survival Manual, Seventh Edition, by Scott A. Travers is now offered at bookstores nationwide and on the internet at www.Random Residence.com.

New York, NY (PRWEB) December 9, 2010

The gold rush triggered by the deep fiscal crisis poses serious dangers for frightened Americans looking to buy or promote gold. That is the alarming conclusion of Scott A. Travers, author of the just-launched Random House customer safety book The Coin Collector’s Survival Manual, Seventh Edition.

Some panicked consumers looking for protected haven for their money are grossly overpaying for gold coins and other valuable metal purchases, Travers warns, even though some customers offering coins and jewelry to raise needed cash are receiving only pennies on the dollar from unscrupulous predators in the marketplace.

With info obtained by way of interviews with 19 treasured metal dealers, Travers reveals insider secrets for finding the most funds when promoting coins, jewelry or scrap gold and silver. He cautions that large-profile gold customers who promote extensively typically spend low-profile costs. “They prey on the unwary,” he writes, “luring money-starved victims with slick Television commercials or eye-catching newspaper advertisements promising ‘top dollar’ for the gold that’s sitting idle in their jewelry boxes or drawers.”

Travers advises customers and traders who want to acquire or promote gold to look for regional merchants with established companies; ask family members, friends and neighbors about their experiences; and examine merchants’ credentials and ratings with the Far better Business Bureau or local Chamber of Commerce.

“Don’t turn your valuables into fool’s gold,” he counsels readers.

Travers warns that some rip-off dealers are cashing in on the drastically greater need for gold by gouging unwary retail consumers, in some instances charging more than 3 occasions the value of gold coins.

The Coin Collector’s Survival Manual, Seventh Edition supplies buyer-friendly advice on how to purchase and market U.S. and world gold coins, and explains the important differences in between bullion gold coins, which typically are really worth only as much as the gold they include, and collectible gold coins, which can be unusual and useful. The book supplies client safety information about the achievable hazards of buying uncommon coins on the Net and essential caveats about on the web auctions

The Coin Collector’s Survival Manual, Seventh Edition is much more timely and valuable than ever in this period of prolonged financial hardship — particularly as a guide to using gold as a lifeline and avoiding potential perils and pitfalls in getting, promoting or trading precious metals. The lavishly illustrated 400-page book has a advised retail value of $ 22.99, and is accessible now in bookstores everywhere and on the internet at http://www.RandomHouse.com.

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