Numis Silver Bullion
What is Going On?
Numis Network is a gold and silver MLM out of Tampa, Florida. The product is gold and silver graded coins, otherwise known as numismatic coins. These coins have a collectible value above their simple weight of metal value. Although you would be quite happy had you purchased bullion 10 years ago, you would be even happier if you had purchased gold or silver numismatic coins, however, this is a discussion about MLM not an investment strategy.
Haven’t Gold and Silver MLM’s failed in the past?
Yes, quite a few of them actually. The reason is those companies were taking a commodity (gold and silver bars or coins) that were non-numismatic and classified as bullion and selling them in an mlm structure. The problem is you cannot take a commodity and sell it for more than the street price (sounds like a drug term, lol) and as you cannot purchase bullion for less than the going rate, regardless of purchase volume, those past mlm’s had to inflate the price of the commodity to be able to pay out. Think of it like this, it would be like selling shares of Wal-Mart for $80 each, even though Wal-Mart has been at $52-$55 for the last ten years then offering to pay you $20 if you sold a share at $80, just doesn’t seem kosher, does it?
What’s the difference?
There is an actual regulation difference. Unlike their bullion counterpart, numismatics are non-declareable and non-confisctable. Now, us mere Americans never know what the administration is going to throw in some crazy bill but numismatics are currently non-confiscatable and non-declareable. One easy example is the 1990 silver eagle. In bullion form it sells for what every other year loose bullion sells for which currently is around $30-$31. In a graded, numismatic, MS-70 form, that same coin but in MS-70 (which means Mint State 70, or perfect) sells for $4,000.
What is Numis Network now doing with bullion?
Numis Network is now carrying PCGS certified rolls of silver eagles. A PCGS roll is a tube of 20 silver eagles that has been certified by PCGS to have not been touched, searched or circulated. This is unlike any normal roll you would buy as any rolls the public buys have been searched for the MS70. The cool thing is you hardly pay any more for this certified roll than a regular roll of bullion. You do not pay broker commissions and this does count as volume if you are a member of Numis Network. Currently loose eagles are selling for $30-$31 each, a Numis Network PCGS roll sells for $32 per eagle and each eagle is guaranteed untouched, uncirculated and unsearched.
So, won’t Numis now shut down like all the rest of them, with it selling bullion?
PCGS rolls are not considering a commodity. Anytime anyone (mlm or not) tries to sell overpriced commodities to pay out a commission to non-licensed brokers, there is going to be a problem. PCGS rolls do not fit into the realm of being a commodity, although, it is about the cloest thing you could possibly buy that is NOT classified that.
Certified Silver Bullion Availability – Limited
Numis Network sells gold and silver coins for Numismatic collection purposes. Occasionally, certified silver coins are made available for purchase in the back office. This exciting offering has the potential of having an MS70 coin in the group of coins purchased! Due to the nature of pricing of silver, we will have limited availability of the coins in the back office for purchase. We apologize for not being able to consistently have it as an item for purchase in the back office. We will try to publicize their availability as it is made available but there is not a predefined schedule of their availability for purchase.
At some events, individual bullion coins are made available for purchase for marketing purposes. You will often hear it referred to as “Jingle Jangle” or “Pocket Plinkers”. At this time we do not offer uncertified bullion coins for sale in the back office. Numis Network does not sell any of its coins for investment purposes at any time.
Shouldn’t you just buy bullion if you want to hedge your bets against the declining dollar?
That depends. If you are flush with cash, don’t have a need for an income stream and don’t want to build a business, I would say congratulations, and you are probably fine with simply buying bullion. But, if you are like me, like the idea of getting gold and silver and have a desire for an income stream, you may want to check out Numis Network to see if it is a fit for you or not.
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