Monday, September 8, 2008

Wexford Coin

This write up of Wexford Capital Management explains exactly who Wexford Coin are and what they deal in and is well worth reading before you decide to buy gold or silver coins from Wexford Coin.

As always, it is prudent to always do one’s own due diligence before buying gold from any gold dealer or mint.

Who are Wexford Coin
Wexford Capital Management, also known as Wexford Coin, is basically a broker, one David W Young, Principal of the company.

The Address is Wexford Capital Management David W Young, Principal Leesburg, Virginia. USA

The website. www.wexfordcoin.com, was first founded in Oct 1999.

Wexford Capital Management (WCM), is a registered investment advisor from 1985 to 2005 and an American Numismatic Association Member since 1998. Also a Numismatic Guaranty Corporation (NGC) Dealer since 1999 (Dealer #1458).

Wexford Customer Service
With over 20 years of trading gold and silver bullion, both physical and contract, since 1981, Wexford Coin specialises mainly in dealing in pre-1933 certified U.S. rare coins and fancy colored diamonds, with worldwide sources, since 1999.

WCM, is, primarily a volume bullion broker. Their products are listed on site with the price and, also the premium they charge.

Wexford Coin state that all their coins are authentic as guaranteed by the grading services of such associations as PCGS, NGC, and ICG and all WCM Bullion Products are guaranteed to be authentic. Bulk orders of 20 or more coins are accepted with discounts for quantity.

Wexford Coin Products

Wexford Coin products include the following:
American Buffalo Gold
American Gold Eagle
Canadian Maple Leaf

S. African Krugerrand
Austrian Vienna Philharmonic
Credit-Suisse Registered Gold Bar
PAMP-Suisse Registered Gold Bar

Silver Rounds - A-Mark
10 Ounce Silver Bars - A-Mark
100 oz Silver Bars - Johnson Matthey

90% Silver Bags
Wexford Coin Payments
Wexford Coin charge a 1.1% commission or mark-up over their cost from their wholesalers on Gold Bullion products, a 1.7% commission on Silver Bullion products, and a 1.5% commission on Palladium and Platinum Bullion products, both coins and bars.

The minimum order size, per invoice, is currently $10,000 on both sales and buy-backs.

Wexford Payment, Refund and Returns
Payments can be made by Personal Check, Corporate Check, Cashier's Check, Bank Draft, or Bank Wire. All Personal or Corporate Checks require a 7-Day Hold for depository clearing prior to shipment. With Wexford, prices are locked at time of order confirmation regardless of payment method. Credit cards are not accepted due to the merchant fees incurred.

It should be noted also that payments by one or more Money Orders, Cashier's Checks, or Bank Drafts for transactions over $10,000 require filing by Wexford Capital Management of IRS Form 8300 regarding "cash" payments received in a business. Therefore clients must provide Wexford Capital Management with date of birth and tax identification number at time of payment in line with the Know Your Customer Policy and IRS requirements.

Personal Checks, Corporate Checks, and Bank Wires are exempt from this filing requirement however

All Virginian residents must be invoiced for the 4.5% Sales Tax, but the advisor will work with residents on the final pricing.

Wexford Buybacks and Purchases
All clients have a 14-Day Return Privilege period which commences on the date of receipt by client of coin(s) via U.S. Postal Service Registered Mail, Insured, Return Receipt Requested. All sales are final for gold and silver bullion products, notwithstanding the guarantee for authenticity.

All U.S. rare coins must be returned in their original and encapsulated condition by USPS Registered Mail, insured for the full invoice amount. WCM will then reimburse clients for return postage provided a legible copy of postage charges is also presented.

WCM state they cannot guarantee direct repurchase of TAP Program coins and/or Bullion Products, but will attempt the consignment or brokered sale of such material at the fee rates stated on site. For numismatic material not purchased from the WCM, the minimum consignment fee for certified U.S. rare coins, market conditions permitting, is 5% of net sales proceeds. For all bullion related products, the broker fee is 1.3% for Gold and 1.7% for Silver based products.

Last Word on Wexford Coin
The premium on the Wexford Coin is quite reasonable for a gold and silver coin dealer and you can see exactly what the premium is on the website, even get a quote if you wish.

Any investment in gold and silver is best done using gold or silver rounds and larger bullion bars.

If you have bought any gold or silver coins or other bullion from www.wexfordcoin.com, please feel free to leave your feedback on the quality of service by www.wexfordcoin.com online as well as any complaints and special attention or service given by www.wexfordcoin.com online.

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