We have had some nice new acquisitions this week. We picked up 4 1954 Devils face $1000s unfortunately all have small degrees of writing on them. We also have some modified notes in AU UNC from the same series. Also have 2 Newfoundland 1880 $2 golds , one in AU and another in AU55 – both are PCGS certified. On the bullion front, we have some 100 oz, 10 oz, 5 oz and 1 oz bars in stock. Maples are pretty much dried up for now.
Another case of seller beware, had a gentleman in the store this week who sold us some .9805 oz gold 1915 Austrian 100 Koronas who said he brought them to a travelling group at a local hotel (I won’t mention names here), the same group were advertising that they were paying $1700 per ounce and they offered him $800 per coin, he was smart enough to have done his research before selling and promptly left without showing these guys the rest of the items he had to sell. We bought them from him working on a 5 % margin. Every day we are getting stories like this from people who are being offered insulting amounts for their valuables. I understand that the rule of retail is to double your money but in the bullion business miniscule margins are the norm. Folks do your research before you sell.
Torex is in 2 weeks at Toronto Hilton Airport, if you have items to sell be sure to look us up.
Till next time,