Monday, September 15, 2008

The Moneychanger

This write up of the, explains who they are and what they deal in and is well worth reading before you decide to buy gold from,

As always, we recommend one does one’s own due diligence before buying gold from any gold dealer.

Who is The Moneychanger

Franklin Sanders grew up in and around Memphis in Tennessee He graduated with a BA from Southwestern at Memphis (now Rhodes College) in 1969. After two years in the U.S. Army, he attended graduate school at Tulane University and the Free University in Berlin.

Since around 1980 Mr. Sanders published and edited the monthly newsletter, The Moneychanger. In 1993 Mr. Sanders wrote (with Jim Blanchard) Silver Bonanza: How to Profit From the Coming Bull Market in Silver.

In 1980, Mr. Sanders opened his own company brokering physical gold and silver. In 1984 he opened a gold and silver bank (warehouse exchange).

The Moneychanger has been online since December 1998.

Franklin Sanders writes a regular column for and has a very large and devoted following.

How To Buy Precious Metals From The Moneychanger

To buy gold bullion from the Moneychanger you simply have to call them on (888) 218-9226. During the call a price will be established depending on the current spot price on that day. This will form a binding contract regardless of the movement of gold after the call. You will be given a contract number and a locked in price which you can buy at regardless of the movement of gold on the market.

After the order is completed, you will need to send the payment within forty-eight hours either by personal check, money order or bank wire. Credit cards are not accepted. With personal checks the shipment is withheld for fourteen (14) days while the check completely clears.

For the most part you can expect to receive your order by registered mail around four weeks from the contract date.

How To Sell Precious Metals To The Moneychanger
Selling gold bullion to the Moneychanger is a similar procedure to buying gold bullion. One rings up and negotiates a price for the gold you want to sell. Then you get a contract number and the price is locked. The Moneychanger will give you specific instructions on shipping your gold bullion and once it has arrive they will verify the contents against the contract and issue a check within 24 hours. You can generally expect to receive a check within two weeks from the contract date keeping in mind shipping times etc.

The Moneychanger points out, on the website, that the contract you sign with the Moneychanger is a legally binding contract and that if you fail to complete the contract you can be liable for costs incurred by The Moneychanger if you do not fulfill your contractual obligations.

The Last Word on The Moneychanger
The Moneychanger, unlike dealers or mints, is more concerned with gold being used as an investment and a safe haven for the individual. This is reflected in his prices which tend to be more reasonable than some dealers and mints.

If you have bought gold coins or any other coins from, then please feel free to leave your feedback on the quality of service and products including any complaints and special attention or service given by

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., 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, please feel free to leave your feedback on the quality of service by online as well as any complaints and special attention or service given by online.